This is how beggar-thy-neighbor monetary policies work, and perhaps why they ultimately fail.» Read More
The size of JPMorgan Chase’s trading portfolio of physical commodities nearly doubled from the first quarter of last year to the most recent quarter, according to filings with the SEC.
One of the biggest fiscal fears we have in our country is the state of California defaulting on its debt. It has been called "the next Greece" so many times I decided just for kicks, to Google "California next Greece." Within seconds, over 8,870 results came up.
To be honest, I was expecting more.
What I find so comical about the debt debacles facing states like California is that they are required by their state constitutions to pass a "balanced" budget each year. Well, if they pass something that's "balanced,", shouldn't they adhere to it? I mean, if you or I ran our balance sheets the way the 46 "states in crisis" have, the repo man would have a field day and our credit rating would be a joke.
I asked this question as well as others to Standard and Poor's California Analyst, Gabe Petek to get his assessment on the "Land of Milk and Honey".
A debate about a $1 million home loan made to a stripper in Charlotte, North Carolina has turned up in the bond insurer MBIA’s case against Credit Suisse.
The loan to the stripper was a “stated income” loan. The stripper apparently claimed to be earning $12,000 a month, for an annual income of $142,000. Credit Suisse bankers ask in emails submitted with court filings by MBIA whether such a figure is realistic.
Steven Cohen doesn’t have much to worry about when it comes to the latest link between the founder of hedge fund giant SAC Capital and insider trading.
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.
This is how beggar-thy-neighbor monetary policies work, and perhaps why they ultimately fail.
UBS has reacted to the financial market turbulence by freezing salaries for its investment bankers until at least mid year. The FT reports.
Janet Yellen is expected to attempt to balance raising interest rates against the risks of a weaker global economy.