Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
If you're in the market for a used Asian car you will need to dig a little deeper into your wallet. With Toyota shipments slowing down, dealers are not only putting a premium on existing new models on their lots, but the sticker price on used autos are also going up as well.
I asked Jesse Toprak, VP of Industry Trends and Insights into TrueCar.com on what consumers can expect the next time they enter a dealer show room.
James Woolsey, the former director of the CIA under Bill Clinton, is returning to his old role—this time in a musical comedy.
No, you don't need to check the date: It's not an April Fools' joke. Woolsey, who is now involved in the venture capital world, will be playing the role of CIA director in select performances of a new musical called 'John Goldfarb, Please Come Home!'
One of the hidden gems of the Republican budget plan is the elimination of the Department of Energy’s clean energy loan program .
Bank of America was pressed by the Securities and Exchange Commission to increase their level of disclosure on repurchase reserves related to bad mortgages, according to documentation that was released yesterday .
The letter quotes the SEC as asking BofA to perform the following:
G7 Yen Intervention Saved Stocks [CNBC.com]
Risk of government shutdown grows [CNNMoney]
Here is the SEC's plan to reduce market volatility [CNBC.com via Reuters]
Gold hits fresh record highs [CNBC.com via Reuters]
As the fallout from the government's huge insider-trading investigation continues to spread, an analyst at the center of it is trying to collect a bill owed him by a former client, hedge-fund giant Citadel—which may also be under investigation.
The analyst, John Kinnucan, has been trying to collect $50,000 from Citadel for months. And last week, fed up with not getting his money, Kinnucan sent an email directly to Citadel boss Ken Griffin trying to "shame" him into paying the bill.
For monetary policy hawks, Fed Chairman Ben Bernanke’s latest strategy could be seen as a small victory. The central bank head at least has gotten around to mentioning inflation, even if he isn’t quite ready to do anything about it.
Bernanke delivered a policy speech Monday in which he declared recent inflation pressures to be “transitory” and of no major threat to the economic recovery. Ultimately, he did acknowledge that his assumptions could be wrong and promised to monitor the situation closely, but gave little indication of major care about the inflation problem.
Facebook has implemented a policy prohibiting employees from selling shares to other investors.
The policy was announced last week, according to people familiar with the matter.
Jessica Vascello first reported on the policy for the Wall Street Journal.
Everyone knows December is one of the strongest months for stocks, but sector performance varies during the holiday season.
After the 2008 financial crisis, big banks made a big mistake. And now they're paying the price, says Dick Bove.
It may be a new regime for the fixed income market, one investor warns.