Some of the recent speculation about where rates are going seems to have gotten at least a bit overdone.» Read More
Yesterday, news broke that Goldman Sachs had fired one of its top foreign exchange salesmen in London. Immediately, people began wondering what had happened.
Word was that Kevin Connors, who was co-head of global forex sales for G10 currencies, had abruptly departed last week. Goldman was officially declining to comment.
But it was clearly the source of comments explaining that Connors had not acted illegally or harmed clients.
So what happened?
While lower-than-expected trading revenue took the focus of Citigroup’s earnings call Tuesday, it’s the company’s problems with expenses that could hamper it going forward.
The day of reckoning is here for health care. The Senate is expected to vote in the early evening on the GOP's Obamacare repeal bill.
While the tone of the discussion was more civil this time around, the message was still the same. On any given day, speculation about the outcome in the Senate changes, largely thanks to guesses about what Democratic Senators up for re-election in 2012 will do.
Today the word is that Senate is vowing to stand behind Obamacare and against the repeal bill. All this uncertainty is creating a headache for companies in the health care sector. I decided to ask Cathy Burzik, CEO of the medical technology company, Kinetic Concepts how this health care drama is being factored into her business strategy.
In honor of the visit by Chinese President Hu Jintao to the White House today, we bring you the US-Sino Currency Rap Battle.
Insiders at Freddie Mac are downplaying the memo revealed by Bloomberg yesterday.
Here's one topic not likely to come up for discussion between President Obama and Chinese president Hu Jintao: 'death vans'.
Goldman Sachs was not kidding when it began telling employees earlier this year that pay would be "modest."
A few years ago, I spent the long weekend over MLK studiously avoiding doing either the conservative thing—celebrating our country’s dedication to equality and color-blindness—or the progressive thing—celebrating the accomplishments of African Americans.
Instead, I read a book called "The Geography of Thought: How Asians and Westerners Think Differently … and Why. "
Psychologist Richard E. Nisbett started out as a universalist concerning the nature of human thought, convinced that all populations perceive and reason in the same way. Apparently, this is \(or was\) a very common assumption among psychologists. Prompted by a Chinese student, however, Nisbett began to read more broadly and discovered evidence that Westerners and East Asians have maintained very different systems of thought for thousands of years.
I'd like to keep this short—because I've tried very hard not to write about it at all. But the story just won't die.
Ten days ago, a Yale Law school professor named Amy Chua wrote an essay in the Wall Street Journal called "Why Chinese Mothers Are Superior ". If you've missed the debate, I'll provide a thumbnail sketch.
As more and more states go deeper in the red, the possibility of "health care rationing" becomes more and more probable. Arizona recently decided to halt Medicaid reimbursements for organ transplants, for example.
I've talked to some of my contacts in DC and they say health care rationing could be the next big thing in today's tumultuous fiscal reality. I decided to speak with Amanda Glassman, Director of Global Health at the Center for Global Development, to find out more about about this phenomenon.
"Money for nothing" interest rate policies have failed, the bond guru said in a broadside against global central banks.
Bank of Ireland, which was bailed out during the country's debt crisis, reported soaring profits for the first half of 2015 as bad debts were reduced.
Lloyds Banking Group reported a 15 percent jump in pre-tax profit for the first half of 2015 to £4.4 billion ($6.9 billion) on Friday.