The date for liftoff will matter tremendously, particularly if the central bank decides to move in a month that's likely to be a highly volatile one.» Read More
Rajat Gupta vigorously denies the insider trading charges the SEC has lodged against him, calling them “totally baseless.”
The circumstantial evidence against Gupta, however, is very strong. In fact, the pattern of behavior alleged by the SEC—obtaining confidential board information and then immediately calling Raj Rajaratnam, the man who then traded on the stocks—is damning.
Recently my friend Jennifer Wright at TheGloss.com came across another study purporting to show that men prefer to date women who are less intelligent than they are. She asked me about why this might be, assuming it was true at all.
I guess I can kind of see it.
Municipal bond defaults could hit the $100 billion market over the next five years, according to a new estimate from Roubini Global Economics.
This comes just after Moody's chief economist Mark Zandi estimated the chance of significant defaults to be zero.
Although $100 billion of defaults spread over five years would be much higher than the estimates of the muni optimists, his firm's figures would appear to be less cataclysmic than those suggested by Meredith Whitney.
As each day passes, with oil, gold and other commodities scaling either multi-year or historic highs, the denials of inflation become harder to maintain.
Call it the “inflation effect,”—the antithesis of Fed Chairman Ben Bernanke’s “wealth effect” that helped convince Americans rising stock prices equated to greater wealth even while employment and housing lagged far behind.
In the case of inflation, some of the more conventional measures insist the phenomenon of too much money chasing too few goods has not taken hold. Government indicators for personal and producer prices remain tame, while there appears to be little of the wage pressure that also is a typical partner to rising inflation.
Ed Burns will play an unemployed former Bear Stearns employee in a new series produced by the creator of Entourage.
We have been seeing the budget battles of some states playing out in the form of protests and now more than ever the fiscal challenges facing many states are making headlines almost on a daily basis.
One of the expenditures states are required to pay for is providing Medicaid coverage and with the passage of health care reform more individuals will be rolled into the program.
On Tuesday, three governors—Haley Barbour (R-MS), Gary Herbert (R-UT) and Deval Patrick (D-MA) descended into Washington, testifying before the House Energy Commerce Committee on the burdens imposed by health care reform.
I caught up with two House members, both former practicing MD's—Rep. Michael Burgess \(R-TX\) and Rep. Paul Broun \(R-GA\) on the price tag of health care reform and the impact it could have on the quality of health care.
McKinsey & Co is reeling from the revelation that the Securities and Exchange Commission believes one of its most high-flying alumni gave corporate secrets to a hedge fund manager who is now accused of being at the center of a large and complex insider trading scheme.
For a firm that thrives on its reputation, proximity to misdeeds of this sort could be fatal, according to former McKinsey consultants who spoke on the condition of anonymity.
A market priced for perfection will start to wilt when investors realize things aren't particularly perfect.
We have what traders call "degrossing," where participants are simply taking down overall exposure a bit.
Argentina's central bank on Tuesday ordered HSBC Argentina to name a new president and vice president within 24 hours.