Scott Minerd of Guggenheim Partners thinks quantitative easing in Europe could work, but not for the reason you might think.» Read More
Ben Bernanke spotted at the movie theaters earlier this month."True Grit" playing on the big screen.
"He seemed to really enjoy it…laughing and cheering throughout..although it was a little weird to see him doing 'normal stuff," said one eyewitness.
Last week’s Kinder Morgan public offering was a fee bonanza for Wall Street. A total of nearly $86 million was paid out to the thirteen banks involved in the offering.
The problem with controlling the flow of information is that you need to keep track of all the stories you're spinning: For the most populous nation on earth, that challenge may be Sisyphean.
Yesterday, as China reported food inflation surging over 10 percent, allegations circulated that the Chinese government had 'massaged' their aggregate inflation number by manipulating the market basket.
Stone Street Advisor’s detailed story about John Paulson’s October 2010 interview with the Financial Crisis Inquiry Commission easily qualifies as a must read.
It far surpasses any of the conventional media stories about Paulson’s testimony, taking full advantage of the fact that blogs don’t suffer from handicaps such as space limits.
SSA lets the story run long because Paulson’s testimony deserves to be studied at length.
The best of times for the economy can be the worst of times for the stock market, and that may prove especially true in a market driven by trillions of dollars in monetary stimulus.
As the market keeps surging ever higher, doubling its March 2009 lows and on a high-speed journey to infinity and beyond, the biggest game in Wall Street is trying to figure out when the bull run finally runs out of rocket fuel.
You read the headline correctly: A homeowner has begun foreclosure proceedings on a local Wells Fargo office in Pennsylvania.
This is how it happened. A Philadelphia homeowner named Patrick Rodgers, who mortgage banks with Wells Fargo, was told by Wells that he needed to take out a $1 million homeowner's policy on his house. Rodgers bristled at the demand: Because the market value of his house was far below a million bucks—he'd purchased it for $180,000 in 2002—and because the insurance policy cost $2,400. (Wells wanted the house insured for its replacement value—and the 100 year old Victorian would cost a fortune to recreate; hence, the difference in valuation.)
Here's where the stories gets fun, as Susanna Kim reported for ABC News .
What led to the abrupt departure of Wells Fargo Chief Financial Officer Howard Atkins?
There's a lot of speculation in banking circles right now about what could behind the resignation, which took everyone by surprise.
The original private placement dealGoldman Sachs attempted for Facebook angered or annoyed many of the firm's wealth management clients.
The firm initially opened participation in the deal to all of its wealth management clients, requiring only that they contribute a minimum of $2 million. The high level of client interest, however, meant that Goldman would have to turn away many would-be investors—a prospect that wealth management professionals at Goldman dreaded would spur some clients to walk away from the firm altogether.
Hedge fund investors like Goldman Sachs, SkyBridge and GAM predict the best hedge fund strategies for the new year.
The Fed wants to see inflation tick up, but Ron Insana sees the U.S. and other countries missing inflation targets. Here's why.
Brad Katsuyama, the hero of Flash Boys," has softened his tone a bit when it comes to high-frequency trading.