Jefferies is backing a former senior SAC executive despite its own struggle with insider trading at an internal hedge fund.» Read More
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.
Insiders at Freddie Mac are downplaying the memo revealed by Bloomberg yesterday.
Here's one topic not likely to come up for discussion between President Obama and Chinese president Hu Jintao: 'death vans'.
Goldman Sachs was not kidding when it began telling employees earlier this year that pay would be "modest."
A few years ago, I spent the long weekend over MLK studiously avoiding doing either the conservative thing—celebrating our country’s dedication to equality and color-blindness—or the progressive thing—celebrating the accomplishments of African Americans.
Instead, I read a book called "The Geography of Thought: How Asians and Westerners Think Differently … and Why. "
Psychologist Richard E. Nisbett started out as a universalist concerning the nature of human thought, convinced that all populations perceive and reason in the same way. Apparently, this is \(or was\) a very common assumption among psychologists. Prompted by a Chinese student, however, Nisbett began to read more broadly and discovered evidence that Westerners and East Asians have maintained very different systems of thought for thousands of years.
I'd like to keep this short—because I've tried very hard not to write about it at all. But the story just won't die.
Ten days ago, a Yale Law school professor named Amy Chua wrote an essay in the Wall Street Journal called "Why Chinese Mothers Are Superior ". If you've missed the debate, I'll provide a thumbnail sketch.
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.
The lack of volume in this market might make it hard for the rally to continue, says veteran trader Art Cashin.
The mid-term election will be a disappointment—but that's a good thing for Wall Street, says hedge-fund manager Todd Schoenberger.
Charles Schwab has lost a case against Morgan Stanley, accusing it of improperly recruiting brokers from a Schwab San Francisco branch.