Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
One of the chief banking rescue deal guys has decamped the FDIC for the more profitable climes of Goldman Sachs .
The national unemployment rate is becoming an increasingly meaningless statistic when it comes to painting a true picture of economic and job growth.
If you're looking to get a meeting with the president of a Swiss bank, 'gesturing' with a bat may not be the most effective way to achieve your goal.
President Barack Obama unveiled his $3.73 trillion spending blueprint today. It promises $1.1 trillion in deficit savings over the next decade through spending cuts and tax hikes, including slashing the mortgage interest deduction for Americans already paying the top tax rates.
It’s good that Obama has put the mortgage interest deduction on the table. This is a huge housing subsidy that severely distorts the economy. But Obama doesn't go far enough. The mortgage interest deduction should be eliminated altogether.
President Obama proposes $1.1 billion in budget cuts—and the debate begins. [CNBC]
JPMorgan launching social media fund. [DealBook]
What the shorts are trying to tell you. [Reuters]
Looking for a job where you don't need to talk? [New York Times]
Did you hear the one about the classy Four Star general and the clueless senior White House advisor? [CNN]
Happy V-Day boys \(and girls\). Let's get on with it so you can beg, bribe or keep hitting refresh on opentable.com if you didn't already snag a spot for tonight yet. As for me, gents, I'll be reading about the FTSE and catching up on The Post's "Client 9" love column tonight.
As a general rule, hedge funds hate publicity.
They do everything than can to kill stories being written about them—especially any story they think puts the fund in a negative light. Hedge fund executives have lied to me, sued me, threatened to have me fired, and one guy from an English hedge fund once told me that if I went with a story I was working on about his fund, he would buy the building I lived in and have me evicted.
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.