Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.» Read More
"Why Obama May Be Wall Street's New Best Friend" [CNBC] CNBC's Jeff Cox discusses president Obama—past, present, and future: "Candidate Obama was an anti-tax cut, pro-regulation, anti-big business populist ready to take on Wall Street and any fat-cat CEO who stood in his way. President Obama? A bit of a different story."
Citi Posts First Post Bail-Out Profit—Still Misses Estimates [DealBook—New York Times] "Citigroup announced quarterly profits of $1.3 billion on Tuesday, bringing its 2010 earnings to $10.6 billion, as the bank saw fewer losses on troubled loans. This is the first time Citigroup has posted a full-year profit since Vikram S. Pandit was named chief executive in 2007. Citigroup reported a loss of $1.6 billion in 2009, on top of a crippling $18 billion loss the year before. The bank has now turned a profit for four consecutive quarters."
If Goldman Sachs were not the source of the leaks about its deal with Facebook, would it have been forced to withdraw the offering from US clients anyway?
At approximately 2 PM today Blackstone Group—one of the largest private equity investment firms in the world—officially joined the Twitterverse by sending out its first tweet.
Changing federal bankruptcy law to allow individual states to file is an idea that appears to be gathering momentum—and opposition.
Under current US bankruptcy laws, the states are prevented from filing for bankruptcy—as municipalities now are permitted to do in about half the states. But the rhetoric is heating up, according to an article in the LA Times , in the weeks since my colleague Nicole Lapin reported on the topic .
Barack Obama’s editorial in the Wall Street Journal is sure to land him in hot water with the left and perhaps win him a few supporters on the right.
In case you missed the news, the president put his byline over a Wall Street Journal op-ed saying that he will sign an executive order to ensure that federal regulations strike a balance between protecting safety, health and the environment, on the one hand, and economic prosperity, on the other.
Apple is down around 3 percent to 4 percent today on the news of a health-related leave of absence for Steve Jobs. There has been much discussion in the media and among analysts about the "Steve Jobs Premium" and what his day-to-day presence is truly worth in terms of market cap and shareholder value.
A reader by the name of "Jim K." writes in to comment on our coverage of the banking sector. He's a bull who is really hoping we don't change our bearishness.
Former Republican Minnesota Governor Tim Pawlenty may not have officially announced his candidacy for President but the Governor is busy laying out his plan on how to cut the government spending.
Pawlenty is advocating legislation that would block any attempt to raise the debt ceiling, while putting in place a rule prioritizing spending so that the US wouldn't default on its debt when the ceiling is hit.
I spoke with him on this fiscal measure and what the country needs to do before Uncle Sam drives off the fiscal cliff.
Apple shareholders got a shock Monday.
While the U.S. markets were closed for the Martin Luther King Jr. holiday, Steve Jobs sent a letter to his employees saying he was taking a medical leave of absence but was still retaining his title of CEO. Chief Operating Officer Tim Cook would again be responsible for the day to day activities.
His leave begs the question again of transparency and disclosure. Just how much should the company disclose to its shareholders on their CEOs health and when does disclosing too much breach Jobs' privacy? I decided to ask Bruce Weinstein, BusinessWeek.com's Ethics Columnist those questions.
What exactly is the balance of supranational versus national monetary policy in the Eurozone?
It's an excellent question: And, if the ongoing policy parsing over Ireland is any indications, it's an issue that's far from closed.
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.
Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.
Investors may be warming up to the stock market, but they're taking the safe way in.
Here are the five best Wall Street movie villains of all time—and what they'd say about Yellen and the Fed if they were at Jackson Hole this week.