Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.» Read More
"Paris attempts to pris HSBC from London" [Telegraph]
Shocker: Goldman's Lloyd Blankfein made a lot of money — $19 million [Bloomberg]
If the market decides value then Nicole "Snooki" Polizzi, queen of the hot tub is more valuable than than the great American novelist, Toni Morrison.
For those of you that don't live on the internet, here is the defining story of the day —Nicole "Snooki" Polizzi will be paid more than Toni Morrison for an appearance at Rutgers University in New Jersey.
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.