This is how beggar-thy-neighbor monetary policies work, and perhaps why they ultimately fail.» Read More
Kraft Foods CEO Irene Rosenfeld says she is closely watching the rise in commodities prices.
We're exposed there in most of our categories, she said. The company, she says has been focused on investing in its franchises to cut costs and improve margins. Part of that process has been introducing smaller packages, smaller serving sizes and lowering costs across the chain.
The expenses are adding up for consumers at the gas pumps —with average unleaded fuel prices bubbling around $3.50 a gallon. Those prices are expected to go higher with crude oil climbing this week to 2008 levels.
The impact is expanding way beyond the gas stations— where higher commodity prices have been most visible.
If you go to the mechanic, open up the cupboards or just need some new golf equipment… there’s a greater chance you’re opening up your wallet wider this year.
Don’t be surprised if people connected with some of the hottest new tech companies find themselves hauled into court on insider trading charges.
Many in Silicon Valley apparently believe that insider trading rules don’t apply to buying or selling stakes in non-public companies like Twitter and Facebook.
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.
This is how beggar-thy-neighbor monetary policies work, and perhaps why they ultimately fail.
UBS has reacted to the financial market turbulence by freezing salaries for its investment bankers until at least mid year. The FT reports.
Janet Yellen is expected to attempt to balance raising interest rates against the risks of a weaker global economy.