Pimco need only look at its own performance for a lesson in the perils of active management, Fidelity founder Bogle said.» Read More
Last night the American Ireland Fund hosted an event on the floor of the New York Stock Exchange.
Duncan Niederauer, the CEO of the NYSE, was the evening's host. Also, there was an open bar.
Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today.
Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted by them.
Muni-Madness is about to get under way on Capitol Hill. A series of hearings kicks off today with the Subcommittee on TARP and Financial Services' "State and Municipal Debt: The Coming Crisis?" In the background of these hearings is the question of whether Congress will step in in and bailout states who are often said to be teetering on the drink of default.
I spoke with Steve Murphy, Managing Director, State & Local Government Ratings at S&P, about the state of the states and their debt.
AIG to take a big charge:Claims it will 'strengthen' loss reserves . [DealBook]
Home loan demand drops, as mortgage rates hit 10 month high. [CNBC]
A Coke and a smile: Coca-Cola profits triple on one-time gain related to its acquisition of its North American bottling operation. [Bloomberg Businessweek]
Is inflation coming? [SeekingAlpha]
The life of an insider trader [NY Post]
After a fresh round of insider trading arrests and news conferences, hedge fund giant SAC Capital is once again in the spotlight.
Four additional people were criminally charged today in an ever widening case of insider trading.
An updated civil complaint released today by the SEC provides the best overview: "This case involves insider trading by ten individuals and one investment adviser entity, all of whom are consultants, employees, or clients of the so-called 'expert network' firm, Primary Global Research LLC [PGR]"
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.
An uptick in borrowing has come from high net-worth clients in brokerages, not from the consumer banks.
The face of automation on Wall Street is a computer hooked up to nine blinking screens that goes by the name Quantitative Market Maker, or Q.M.M.
After a turbulent market week, some strategists are ready to call the all clear. But others say stocks could still test the lows of the past week.