Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
The report from the UKs Independent Commission on Banking overestimates the competency of regulators.
The commission said on Monday that the UK's biggest banks do not need to be broken up to reduce systemic risk. Instead, they should be forced to hold more capital and 'ring fence' retail units so they cannot be brought down if a bank's trading and investment units fail.
If I can figure out how to tie a tie this Monday morning, you, too, can get out of bed \(hopefully without finding a spider in your bathroom the size of a Buick\) and start the glorious week of earnings we have before us.
, Bernie Madoff explained how—and why—he defrauded his investors out of billions of dollars. His account certainly sounds credible—but one doesn't perpetrate the largest Ponzi scheme in recorded history without the capacity to make dubious information sound legitimate.
Aside from the fascinating psychological insights one may \(or may not\) take away about the man himself, the most striking part of the interview is Madoff's continued insistence of major banks complicity in his fraud.
Many small business owners support a government shutdown and believe that it will have little effect on them, according to a new study.
The study from Pepperdine University’s Graziadio School of Business and Management reports that 48 percent of small private business owners and those who lend to small businesses said they supported a government shutdown. Thirty-nine percent said they opposed a shutdown.
Federal officials charged with reviewing mergers under antitrust laws will keep working during a government shutdown.
The Securities and Exchange Commission will be operating with only a tiny fraction of its staff if the government shuts down over a budget impasse.
The looming federal government shutdown should worry muni investors.
Many investors in municipal bonds take comfort in the fact that it simply doesn't make sense for many bond issuers to default. It is far wiser, in most cases, for a city or a state to continue making timely payment on debt—even if it means cutting services or raising taxes—than to default.
Last November, the economist Nouriel Roubini Tweeted: "Greece & Ireland are solvency not liquidity."
Roubini seemed to be making the case—with ruthless brevity—that the looming crisis was more serious than many European government officials wanted to admit. And that things were about to get worse.
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."