Wall Street is slowly coming to a grips with an economy that offers not breakout growth but more of the mediocrity that could keep rates on hold.» Read More
10 years ago today, the New York Observer published a story about a 25-year old who moved from California to Manhattan and became a stockbroker.
He was "a tall, lanky, swaggering 25-year-old who... work[ed] at a top brokerage house in midtown, [wore] a lot of Prada and Gucci, [drove] a BMW and [was] married to an attractive 27-year-old woman who works in the art world."
The Fed never wanted to release the information about the discount window borrowers. So when the federal courts forced the release, the Fed through a temper tantrum.
Kraft Foods CEO Irene Rosenfeld says she is closely watching the rise in commodities prices.
We're exposed there in most of our categories, she said. The company, she says has been focused on investing in its franchises to cut costs and improve margins. Part of that process has been introducing smaller packages, smaller serving sizes and lowering costs across the chain.
The expenses are adding up for consumers at the gas pumps —with average unleaded fuel prices bubbling around $3.50 a gallon. Those prices are expected to go higher with crude oil climbing this week to 2008 levels.
The impact is expanding way beyond the gas stations— where higher commodity prices have been most visible.
If you go to the mechanic, open up the cupboards or just need some new golf equipment… there’s a greater chance you’re opening up your wallet wider this year.
Don’t be surprised if people connected with some of the hottest new tech companies find themselves hauled into court on insider trading charges.
Many in Silicon Valley apparently believe that insider trading rules don’t apply to buying or selling stakes in non-public companies like Twitter and Facebook.
Jobs report came in better than expected[CNBC.com via Reuters]
"Nasdaq, ICE Make Hostile Play for NYSE Euronext" [NYTimes DealBook]
Shocker: Hedge fund managers make a lot of money! And "25 Hedge Managers Earn as Much as 441,400 Americans". [CNBC.com via NYTimes]
The battle brewing within the Republican Party is being closely watched by the markets and the Democrats alike. The budget tug of war between the Tea Party and the GOP getting so heated that many of my DC sources and corporate officials are worried that Paul Ryan's 2012 budget may not be tough enough for the ultra-conservatives in the GOP caucus.
I decided to get the perspective of former Delaware Senator and Congressional Oversight Panel Chairman Ted Kaufman on this fiscal fight.
The U.S. top court ruled against a man, saying he couldn't appeal a court rejection of his bankruptcy plan.
A glum Bill Gross sees both himself and the bull market facing the same long road to oblivion.
U.S. corporations continue to buy back stock at a near-record pace. Purchases could ramp up after earnings season blackout periods end.