Maintaining zero interest rates is creating a scenario in which containing risks "becomes virtually impossible," according to an analysis.» Read More
Admit it. You're a little excited about this.
A local government official in Massachusetts has asked the state’s treasurer to pull funds from Bank of America.
Essex District Register of Deeds John O’Brien wrote a letter to Massachusetts State Treasurer Steven Grossman, asking that the Treasurer change depository banks.
A group of conservative and libertarian groups have sent Congress a letter urging lawmakers to delay the implementation of the Durbin Amendment, a provision which would cap so-called "interchange" fees financial companies can charge on debit card transactions.
Visa and Mastercard together control around 90 percent of the market for debit card purchases. The Durbin Amendment would limit the amounts that retailers pay to Visa, Mastercard, and major banks. It was heavily supported by many of the biggest retail chains, including Walmart .
The next catastrophe in residential real estate may be caused by the government's solution to the last catastrophe in residential real estate—and this time tax payers are directly on the hook for the losses.
The startling collapse of Detroit’s population raises doubts about whether the city can afford to shoulder its enormous debt load.
The bullish drivers behind oil—the Mid-East crisis, weaker dollar and low interest rates—are not slowing down and that means the probability of a black gold rush should continue. But while events drive this commodity every higher over the short term, will the spike continue over the long term?
I decided to catch up with Richard Soultanian President of the utility cost management consulting firm, NUS, which recently published its forecast of market pricing through the end of 2011.
The race to the bottom for first-quarter GDP projections has a new leader: Bank of America Merrill Lynch.
With a succession of mild unemployment drops unable to ease concerns about the larger slow-growth story for the US economy, BofAML now sees the quarter’s growth prospects at just 1.5 percent.
Insider trading may be a far bigger problem than many people both inside and outside of Silicon Valley realize.
Many involved in the Web 2.0 start-up tech world believe that insider trading laws do not apply to buying and selling shares of non-public companies. More specifically, they believe that because so many of those involved in such trading have inside information creates an exemption from the usual rules that bar trading while in possession of what the Securities and Exchange Commission calls "material non-public information."
Market conditions and stabilizing economic data could lead the Federal Reserve to raise interest rates in October, David Lebovitz said.
Stocks sank and investors ran to Treasurys after a disappointing jobs report pushed off expectations for a Fed rate hike into 2016.
The economy created 142,000 jobs in September, a number that whiffed on expectations and could cool expectations that the Fed will start raising rates.