Both sales for the day and the holiday season are likely to grow at least 2 percent to 4 percent, according to a survey.» Read More
There are lots of critical skills you need to succeed on Wall Street. It helps to understand market forces. A facility with numbers is useful. Having a feel for group dynamics is necessary to succeed on trading desks and deal teams. Superb time management, verbal acuity, and judgment are all important.
But, mostly, what you need to do is avoid the things that will destroy your career. And most of the things that will destroy your career go under the general heading of “people.”
I asked NetNet reporter Ash Bennington to look back on his years on Wall Street—where he was a vice-president at Credit Suisse and BB&T—and assemble a list of the people you need to avoid. I thought there might be three or four. I was way off. Ash returned with a list of 25 people to avoid.
You might want to print this out and carry it with you. When you meet someone new, scan the list. Decide if they are someone to avoid. Alternatively, you should take a look at the list and ask if you are on it. If you are, well, don’t be surprised when your colleagues start avoiding you. — John Carney
In light of all that has happened in Libya over the last week, it seems fair to wonder how Libyan president Muammar Gaddafi has thus far avoided suffering the same fate as Hosni Mubarak, who was forced from power in neighboring Egypt earlier this month.
In Egypt, the military's apparent lack of willingness to fire en masse upon protestors, in Tahrir Square and elsewhere, has often been cited in the media as one of the causes of the revolution's success.
Is a US Government Shutdown Looming? [Bloomberg]
GM Returns to Profitability [CNBC.com via Reuters ]
"Greenberg: Is the New Sears' CEO a Joke?" [CNBC.com]
Charities merger creates a frown [NYTimes]
It’s always harder to wake up on Friday eve, right? Stop your kvetching, though, I was up way earlier than you and because I’m so nice, I put together a list of what you missed:
From prank phone calls to protests, the state budget battles are getting uglier every minute. And this is just on the state level—what's going to happen on the national stage? I caught up with former House Majority Leader and Tea Party Leader Dick Armey on all the political jabs.
While muni bond optimists come in a variety of flavors, they all miss one important factor: the risk of municipal debt contagion.
Reading through the various publications put out by banks and bond fund managers, you frequently come across two strategies.
Wells Fargo, for example, advises clients to have a diversified portfolio so that isolated defaults won’t have a large impact on the overall returns.
Pimco, on the other hand, tells clients that the key to success in muni investing is picking the highest quality muni credits.
Despite rising commodity prices and a bleak employment picture, “stagflation” remains a word not uttered in the polite company of the financial world.
But there remain only a few more tumblers to fall into place for a return to that awful word that conjures up images of the “malaise days” of the late 1970's and early ‘80s, where rising inflation and slumping employment tamped down economic growth.
A suit filed against Citigroup by the trustee representing Bernie Madoff's victims would seem to put banks in an impossible position.
According to a report in the Wall Street Journal, here are the generally agreed upon facts.
Sometime prior to November 2006, Citigroup lent $300 million to a Madoff feeder fund called Tremont Partners.
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.
Wednesday is expected to be a light trading day, but there is key data that could give an inkling of fourth-quarter growth.
China's central bank will wait until fourth-quarter economic data is out before considering any more rate cuts or easing.