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
Michael Lewis is being sued over his book The Big Short.
Nouriel Roubini and political scientist Ian Bremmer have developed a new conceptual framework for understanding the economic and political challenges of the 21st century: The G-Zero World.
The phrase G-Zero is borrowed from the G-20, the club of finance ministers and central bankers of the world's twenty major economies. The group has grown in recent years: It was first the G-7 industrialized nations, then the G8 when Russia was added—in its current 20 nation form, it includes developing nations such as China, India, and Brazil.
Turning the page on the calendar has become a favorite exercise for the stock market over the past year or so.
So with February fading into March, traders likely should brace themselves for a happy Tuesday, delivered straight from the accommodating folks on Wall Street.
Consumers increased spending 0.2 percent in January, despite a cut in Social Security taxes that grew personal income by a full percentage point.
You’ll hear lots of theories about why consumers didn’t spend more of the increased income. But don’t read too much into the news.
With all the talk about $4 a gallon gas and the crisis in the Middle East, the specter of surging food prices has gotten pushed to the background.
That’s a mistake, considering that the struggle to put food on the table is what generated the riots in the first place. In the US we focus so much on gas because of the way higher transportation costs infect every sector of the economy, but rising grocery costs are a major threat as well.
News broke on Friday that Richard Ruzika, head of Goldman Sachs' Special Situations Group was 'retiring'.
At 51, Ruzika, a former precious metals commodities trader, seems a bit young to spend his days ambling along on a golf course.
Which may make you wonder: What's the story behind the scenes at Goldman Sachs?
We're looking at busy week in terms of gauging the health of the U.S. economy. Monday is Consumer spending. On Tuesday, Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking Committee. Friday is the all important jobs number.
I caught up with Diane Swonk, Chief Economist at Mesirow Financial, and asked her about the economic headwinds facing the country and s her outlook on the Mid East turmoil.
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.