After first staunchly defending its outsize profits and pay, and then bristling at calls for restraint in these tough economic times, Goldman is trying a new tack: It is apologizing for past mistakes that led to the financial crisis — and sharing at least some of its riches. The New York Times reports.
Goldman Sachs apologized for the role it played in the financial crisis, by taking part in the credit boom which preceded the bursting of the bubble the Financial Times reported Wednesday.
Warren Buffett will be one of three co-chairmen for a just-announced $500 million Goldman Sachs initiative to help small businesses around the United States, and perhaps, the firm's damaged public image.
Investors are wondering if Target and Home Depot are 'playing mind games' after both warned on their outlooks yet posted quarterly profits that handily topped estimates.
The Federal Reserve Bank of New York gave up much of its power in high-pressure negotiations with the American International Group’s trading partners last year, according to a government report made public on Monday.
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Meredith Whitney is making headlines: She has not been this bearish in a year! Whitney was the first to call the bubble in financial stocks. And then she predicted the stock market rally. But now Whitney is starting to turn negative again.
Warren Buffett's Berkshire Hathaway is due to release its third quarter stock portfolio 'snapshot' later today (Monday). The 13F filing with the SEC will list Berkshire's holdings of U.S. publicly traded stocks as of September 30. There are times, however, that Berkshire gets permission from the SEC to keep some holdings confidential, often as it is accumulating a position.
Green or sustainability is now such a broad and deep subject, so multi-dimensional, that even the most aware and informed have trouble keeping up. At the same time, some still don't get it, and in that way green is a bit fuzzy. There's nothing fuzzy about carbon, however. It's as old as the world as we know it and the core of our energy supply.
This is the unofficial transcript of the CNBC Town Hall event Warren Buffett and Bill Gates: Keeping America Great, taped Thursday, November 12, 2009 at Columbia University in New York City.
These are excerpts from the unofficial transcript of CNBC's town hall interview today (Thursday) with Warren Buffett and Bill Gates from Columbia Business School in New York City, as released by CNBC.
The U.S. dollar rallied broadly on Thursday after a weekly jobless report triggered strength in the currency. Overall, the greenback has been very weak, sliding over 4 percent in the last three month. Axel Merk, manager at Merk Hard Currency Fund, shared his insights on the dollar.
The latest tax filing for Goldman Sachs’s foundation is as thick as a phone book. The list of trades is more than 200 pages, single spaced. Goldman, it seems, invests like no other, even for its own charity.
After a surprising deal from HP, the markets reacted after hours to the acquisition of the week. The Fast Money traders give you the outlook and analysis you need to trade on the news.
"There are no fundamentals right now that drive the market," says Joe Terranova, "It's all about technicals."
Funny Business reader Rick Ambrose has been 'divinely inspired' to rewrite the Lord's Prayer as the 'Lloyd's Prayer.'
Some 650,000 borrowers have thus far received a trial loan modification under the Obama administration plan.
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In some cases, the difference between a winner and loser is often in the eye of the beholder--who can be a victim or a beneficiary--or simply a political ideologue. That’s why we want readers to weigh in and vote on a variety of people and concepts. We’ll report back with results and rankings on December 1.
With all the buzz around the dollar, the traders are also seeing life in the retail sector... and some see it as primed for the next big pop.