When it comes to economic growth, 2016 is looking a lot like 2015 — and probably even worse.» Read More
Activist shareholder Evelyn Davis planted a kiss on Goldman Sachs CEO Lloyd Blankfein at the firm's annual shareholder meeting, according to people at the meeting.
There was more bad news than met the eye to Friday’s jobs report, even beyond the bump up in the unemployment rate.
While the top-line number of 244,000 jobs created sounded great when it came off the tape, the internals were somewhat weaker. In particular, the household survey, which is an actual head count, suggested that the job creation barely kept up with the expansion of the labor force.
Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.
Here's some good news: it's the anniversary of the Flash Crash and we know what caused it.
Many things that happen in financial markets remain mysteries for perpetuity. The causes of the housing boom and bust, for instance, are still debated by economists. Was it the Fed's loose money? Deregulation in banking? Perverse pay incentives? Government housing policy? We'll be debating this forever.
But the Flash Crash is different. We know how it happened.
Just days before the highly-anticipated secondary offering of American International Group shares is set to be marketed to investors, the sellers are at loggerheads with the bankers they have hired over where to price the deal, say people familiar with the matter.
The fiscal challenges facing states is not new and the budget battles we saw in both Wisconsin and Ohio just showcases the problem. One of the biggest challenges states are facing when tackling their budget shortfalls is their pension deficits. States like California are so in the hole they're looking at over $500 billion in shortages.
The Garden State—New Jersey— is staring down a $46 billion dollar deficit and Illinois is faced with a $78 billion of red ink. But in times of crisis, ingeniuty and creativity can take a leading role. In Utah, Alaska and Michigan they are tackeling their pension problems head on. I caught up with pension plan expert and lawyer Marica Wagner on what kind of options states can do to right their lopsided pension balance sheets.
Why should Goldman Sachs be "freaked out" by the Volcker Rule, and lobbying hard to debilitate it?
Goldman Sachs is 'totally freaked out' by the Volcker Rule . Oh and can someone please tell me waht 'backstairs bets are? [Reuters]
It's hardly surprising that Goldman Sachs wants to be able to deploy the firm's capital to longer term investments.
What is surprising is that Goldman reportedly has to lobby regulators to be able to do this. On it's face, nothing in the Volcker Rule should prohibit longer term investment.
The Volcker Rule is set out in Section 619 of the Dodd-Frank law. The blog Economics of Contempt nicely explained this section back in March .
If Clinton doesn't release her speech transcripts, she'll look like she's hiding something, Politico's Ben White says.
Jeff Saut, chief investment strategist at Raymond James, said the stock market looks like it's searching for a bottom.
The U.S. economy created just 151,000 jobs in January amid multiple other signs that growth is slowing, though the unemployment rate fell to 4.9 percent.