Bill Ackman wants the world to have a better understanding of why people act the way they do.» Read More
The delay in the awarding of bonuses at UBS has many in the New York offices of the Swiss banking giant considering whether it is time to move to a rival firm.
Yesterday CNBC's David Faber broke the news that UBS was delaying the announcement of bonuses because top managers were unhappy with the size of the bonus pool. They felt that the pool was too small to allow them to fairly compensate their teams. Some feared they could lose their best people if they awarded bonuses smaller than what other Wall Street firms were handing out.
Do you have the nerve for a major contrarian play in the equity markets: How about buying stocks with exposure to Egyptian instability when everyone else is scrambling for the exits?
That seems to be the logic—at least in part—behind Morgan Stanley's upgrade of Apache.
Will the wallet soon be a thing of the past? At the rate mobile banking apps are being adopted, who knows.
Intuit announced Thursday its latest initiative, GoPayment, will be one of other first mobile payment apps available on the Android. Already available on the iPhone, the app offers flexibility for businesses to get paid right on the spot with the credit card swiping technology in the phone.
This credit card processing solution is the latest leap in the credit card smart phone process. I decided to ask, Omar Green, Director of Strategic Mobile Initiatives at Intuit about the future of this mobile monetary exchange and Brett King, author of Bank 2.0 on what this means for the banking industry.
Labor number schizophrenia : Economy adds only 36,000 — but unemployment rate falls to 9%.
Egypt Braces for Massive Protests [Wall Street Journal]
Egyptians want Mubarak out —today [Financial Times]
Ally Financial picks the usual suspects to take it public: Cit, Goldman, JPMorgan, and Morgan Stanley.[CNBC via Reuters]
"The Worst Cell Phone on Earth" [Slate | Hat Tip: Felix Salmon]
Egypt Not Iran '79—should that reassure us? [Bloomberg]
ADP is terrible at predicting payroll numbers [Barry Ritholtz]
Work for Meredith Whitney now! [DealBreaker]
Early Superbowl Commercial Preview? [NY Times]
Twenty-six year old Craig Rosen is taking a $100,000 gamble on his future.
That's how much Rosen, a first year MBA student at the University of Southern California, will owe in loans when he graduates.
"Having a bachelor's degree is no longer enough to be competitive in corporate America. A graduate degree is a way to set yourself apart from competition," said Rosen. "I think most students at USC are optimistic that they will be able to find an internship or full time position after this school year ends."
I'm beginning to wonder if the meaning of The Year of The Rabbit isn't something of a secret.
Today, as you likely already know, is the Chinese Lunar New Year: And 2011 is the Year of The Rabbit.
Looks like Kenneth Cole's impolitic tweet about Egypt has become a flashpoint for brand cyber-toge.
A new Twitter account called "KennethColePR" was opened up today, shortly after Cole's Cairo Uproar tweet. It's obviously not an official Kenneth Cole account. In fact, it seems that the main purpose of the account is to mock Kenneth Cole's Cairo gaffe.
The commodities markets are running scared as images of unrest in Egypt dominate tv screens around the world. Just how high can black gold go? I asked that question to John Hofmeister former President and COE of U.S. Operations of Shell Oil and Founder and CEO of Citizens for Affordable Energy.
Fed speak may trump a bundle of big earnings reports and economic data expected Wednesday, guaranteeing another volatile trading day.
The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.
Bill Ackman wants the world to have a better understanding of why people act the way they do.