Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
To the banker-poet T.S. Eliot, April was the cruelest month.
But for many hedge fund traders who take bets on economic trends around the world, March was the cruelest they can remember.
“We just got whacked. Japan was a double hit—killing our longs and our shorts,” a young hedge funder said at a beer garden in Manhattan’s meatpacking district.
No question that Fed Chairman Ben Bernanke faces Wednesday will be more important than the big enchilada of monetary policy: After QE 2, then what?
Bank of America executives have secretly met with long-time Merrill Lynch veteran Dan Sontag in hopes of tapping him to run the U.S. wealth management division, according to people briefed on the matter.
The infighting at Bank of America over picking a new head for its U.S. wealth management division was set off by the unexpected resignation of Lyle LaMothe.
And we're officially jealous.
The next frontier for the gold rush is the neighborhood malls.
Gold kiosks, places to sell broken or unwanted jewelry, coins and dental gold, are mining for business between the food courts and ATMs.
Efforts to tap a new head for Merrill Lynch’s U.S. wealth management business have stalled, according to people familiar with the matter.
When it comes to the M&A playground, the game is supposed to be well-defined.
While "bulge brackets and top-tier boutiques work on the multi-billion dollar deals with the highest fees; mid-market specialists and the big four accountancy firms focus on the smaller end of the market," Financial News reports.
Get on your pastels and power through this day...even as your friends in London and Hong Kong are pub-crawling on their day off.
Rajat Gupta is the elephant in the courtroom [NYTimes DealBook]
The White House considers Syria sanctions [Bloomberg]
"NYSE Sees Higher Savings in Deutsche Boerse Deal" [CNBC.com via Reuters]
Three mid-level bankers in Goldman's tech investment banking group have left to take positions at ride service company Uber.
For a big group of stocks within the S&P 500, performance trends have been either decidedly positive or negative.
We asked the "Fast Money" traders what they were thankful for this Thanksgiving. Joe Terranova said, "The next 5 minutes."