A market priced for perfection will start to wilt when investors realize things aren't particularly perfect.» Read More
Before President Obama leaves for Rio, he'll be reading a letter signed by 20 Governors calling on the President for more energy options.
It lays out the Governor's concerns over the EPA's policy and regulatory initiatives saying these regulations will "within the next five years which will significantly impact the energy industry, increase burdensome costs to consumers, and hurt the competitiveness of U.S. manufacturers."
In addition to their grievances with the EPA regulations and policies, the governors also added it is too early for the Administration to be tapping into the Strategic Petroleum Reserves saying "The SPR should only be tapped when we face both international crisis and domestic decline in resource capacity. We have not yet reached this point."
With all this focus on energy, I decided to ask Michael Whatley Vice President, Consumer Energy Alliance \(CEA\) on what is needed to not only stabilize energy prices and reduce our dependence off of foreign oil.
As cotton prices surge, companies are trying harder to duplicate the feel of the commodity with cheaper, durable fabrics.
The latest: Naturally Advanced Technologies.
When a senator leaves office, the lobbyists who once worked on the officeholder's staff lose about a quarter of their income, according to a new study from three economists at the London School of Economics .
Whenever Wall Street gets news it expected the risk is always for a selloff, as traders generally price in the development ahead of time and then take profits.
That wasn’t the case, though, with the bank dividend announcements Friday, with investors cheered that some of Wall Street’s biggest names that had been on the hook to the government now will be able to start returning money to shareholders.
Sad news. David Rosenberg's daily letter "Breakfast With Dave" is going to a paid model. We'll miss him.
The best and the brightest young business minds in America are once again flocking to Wall Street—and tripping an offbeat alarm bell for the markets along the way.
More Harvard M.B.A. graduates took jobs on Wall Street last year than the previous year, when the financial sector was still reeling from the crisis of 2008. Thirty-one percent the class of 2010 took jobs in “market sensitive” positions in the financial sector.
The Fed’s bank stress tests long have been thought of as little more than a pro forma exercise to let Wall Street’s lucky and leveraged start to increase dividend payouts, but the lists of winners and losers could get interesting.
While at least four of the 19 banks that were tested under the new Basel III rules were considered lead-pipe cinches for approval, others were on the bubble. Results are expected to come today.
I'm not sure if prosecutors are doing an effective job of proving the case against Raj Rajaratnam. But they certainly have proved that Rajat Gupta was a bad seed.
Tapes played during the Rajaratnam trial have Gupta revealing confidential merger discussions he was privy to as a member of the board of Goldman Sachs . That's bad enough.
But, as Evan Newmark points out, it may be even worse how blandly Gupta reacts to a discussion about confessed insider trader Anil Kumar.
Ray Dalio's fund slumped in August and some investors blame the strategy of such funds for the volatility that slammed stocks and commodities.
For all the talk about the 250,000 jobs a month the economy is creating, workers' real wages are going backward.
Volatility could probably last anywhere from three to four months, Brian Jacobsen of Wells Fargo said.