Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
Goldman Sachs earnings calls aren’t known for their levity. But there was a funny moment in this morning’s fourth-quarter investor question-and-answer period with CFO David Viniar.
Goldman Sachs is likely to reveal the details of its bonuses to staff tomorrow, according to people at the firm.
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'.
If there's any doubt the Fed is targeting December for its first rate hike, just look at the bond market.
Italy plans to launch a series of bad bank-style measures as early as the end of the year, the FT reports.
Hillary Clinton's close ties to Wall Street is an image she can't seek to shake, The New York Times reports.