Investors have been all but ignoring a fairly miserable earnings season as hopes proliferate that it's only a blip on the profit radar.» Read More
Happy Friday Eve! I've been up way longer that you, so here's what you missed while you were sleeping and need to know to knock it outta the park today, slugger:
Hu Jintao Heads to the White House [Wall Street Journal] "President Barack Obama formally welcomed Chinese President Hu Jintao to the White House on Wednesday, with both leaders calling for a renewed effort of cooperation as they embarked on a summit that will help redefine the relationship between the world's longtime superpower and its rising Asian rival."
Today's Afternoon Headlines read like Marsha, Marsha, Marsha—Except It's Goldman, Goldman, Goldman. But hey: How often do you lose $5 Billion in 24 hours?
Alexandra Lebenthal and Meredith Whitney are squaring off over municipal bonds.
Both are lovely ladies—and as tempting as it is to strike the cat fight note—there is a substantive story here. \(Note: Lebenthal isn't making the metaphor easy to ignore: She's challenged Whitney—and I quote "on TV [or] outside in the school yard".\)
Goldman Sachs earnings calls aren’t known for their levity. But there was a funny moment in this morning’s fourth-quarter investor question-and-answer period with CFO David Viniar.
Goldman Sachs is likely to reveal the details of its bonuses to staff tomorrow, according to people at the firm.
Yesterday, news broke that Goldman Sachs had fired one of its top foreign exchange salesmen in London. Immediately, people began wondering what had happened.
Word was that Kevin Connors, who was co-head of global forex sales for G10 currencies, had abruptly departed last week. Goldman was officially declining to comment.
But it was clearly the source of comments explaining that Connors had not acted illegally or harmed clients.
So what happened?
While lower-than-expected trading revenue took the focus of Citigroup’s earnings call Tuesday, it’s the company’s problems with expenses that could hamper it going forward.
The day of reckoning is here for health care. The Senate is expected to vote in the early evening on the GOP's Obamacare repeal bill.
While the tone of the discussion was more civil this time around, the message was still the same. On any given day, speculation about the outcome in the Senate changes, largely thanks to guesses about what Democratic Senators up for re-election in 2012 will do.
Today the word is that Senate is vowing to stand behind Obamacare and against the repeal bill. All this uncertainty is creating a headache for companies in the health care sector. I decided to ask Cathy Burzik, CEO of the medical technology company, Kinetic Concepts how this health care drama is being factored into her business strategy.
In honor of the visit by Chinese President Hu Jintao to the White House today, we bring you the US-Sino Currency Rap Battle.
Hedge funds have seen the worst start to the year since the financial crisis, as returns in January and March were both in the red.
The Fed indicated to Citi that it would get more time to fix "stress test" planning problems before rejecting its capital plan.
Goldman Sachs reported quarterly earnings and revenue that topped analysts' expectations on Thursday.