Maintaining zero interest rates is creating a scenario in which containing risks "becomes virtually impossible," according to an analysis.» Read More
Jobs report came in better than expected[CNBC.com via Reuters]
"Nasdaq, ICE Make Hostile Play for NYSE Euronext" [NYTimes DealBook]
Shocker: Hedge fund managers make a lot of money! And "25 Hedge Managers Earn as Much as 441,400 Americans". [CNBC.com via NYTimes]
The battle brewing within the Republican Party is being closely watched by the markets and the Democrats alike. The budget tug of war between the Tea Party and the GOP getting so heated that many of my DC sources and corporate officials are worried that Paul Ryan's 2012 budget may not be tough enough for the ultra-conservatives in the GOP caucus.
I decided to get the perspective of former Delaware Senator and Congressional Oversight Panel Chairman Ted Kaufman on this fiscal fight.
A London-based investment banker has written to Lucy Kellaway of the Financial Times with a rather unusual problem.
She says she is too good looking to work. Men drool over her, women distrust her, and no one takes her seriously.
The government has been touting the profitability of the bank bailout.
But those profits lag tens of billions of dollars behind what a private investor in the bailed out banks would have made.
Banks are yet shrugging off a fear of commitment.
Eleven banks with close relationships to JPMorgan of AT&T have snatched up pieces of the $20 billion loan to fund a $39 billion acquisition of T-Mobile.
The Federal Reserve released an avalanche of files Thursday detailing—for the first time ever—its loans to banks under its emergency funding facility known as the “discount window.”
But investors and bank customers won’t find it very useful.
The Federal Reserve Thursday will release documents revealing which banks came to its emergency lending window during financial crisis.
"Gross calls US budget a Greek tragedy" [CNN Money via Fortune]
JPMorgan's Dimon: "the nail in our coffin for big American banks" [CNBC.com via Financial Times]
Jobless claims fall further [CNBC.com via Reuters]
Well, that stinks! Britney Spears is being sued for $10 million by firm over perfume dealings [Reuters]
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.