A trading firm's use of a computer sell order triggered the May 6 market plunge, which sent the Dow Jones industrial average dropping nearly 1,000 points in less than a half-hour.
The Financial Times described Rahm Emanuel's management style as 'capricious', meaning arbitrary, subject to whim or prejudice. That's the FT. I have always thought that he was pugnacious and overly aggressive. I also thought he has ill-served the President.
The federal government is trying to do the right thing for taxpayers who live paycheck-to-paycheck and rely on their tax refunds to help with the basics of everyday living. Unfortunately, initiatives the government recently unveiled will only hurt the very people they're trying to help.
Stop the political rhetoric and attend to building better markets. New listings, not complex financial packages, should be the focus of the SEC.
Today, US President Barack Obama is going to announce further changes to his White House team. Chief of Staff Rahm Emanuel is going to step down to run for mayor of Chicago. The President is expected to announce long term staff member Peter Rouse to the position.
The Principal Financial Group announced on Thursday that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the new federal health law starts to take effect. The New York Times reports.
The judge in the upcoming trial of Texas financier Allen Stanford has issued a sweeping gag order, barring the defendants, attorneys and even Stanford's alleged victims from talking to the media ahead of Stanford's January trial.
Finance ministers and central bankers from the G20 nations are considering raising capital levels 2 percent to 3 percent higher for the world’s biggest banks, CNBC has learned.
San Diego County may be known for its famous coastline, but when it comes to fresh water, it has very little supply. Residents pay for water to be imported from the Colorado River and other areas. But some believe even higher prices are needed, which would encourage conservation and reduce water use.
The Federal Deposit Insurance Corporation's Deposit Insurance Fund minimum reserve ratio should be higher in order to increase the probability that the insurance fund will remain positive during a crisis, FDIC Chairman Sheila Bair said.
Bank of America Merrill Lynch will lay off 20-30 people from the firm's proprietary trading desk, a spokesperson for the company confirmed to CNBC Wednesday.
Lawmakers may have unintentionally opened the bond-market up to high frequency traders by passing the controversial Blanche Lincoln derivatives clearing requirements as part of the Dodd-Frank financial reform bill.
A report by the Environmental Protection Agency describes the contents of all the garbage produced in a single year. According to the 2008 report, approximately 250 million tons of municipal solid waste is created, which excludes hazardous waste, industrial waste, and construction waste.
New EU banking regulation must focus on institutions’ individual business models, rather than simply their size, Jacques de Larosière, co-president of think tank Eurofi told CNBC.
The United States crossed an important marital threshold in 2009, with the number of young adults who have never married surpassing, for the first time in more than a century, the number who were married, reports the New York Times.
A boom in population and development, particularly in the Southwest, has created higher than expected demand for water, and an 11 year drought has siphoned off the supply.
With an estimated 100 million tons of plastic afloat in the Pacific Ocean already, ocean-borne plastics are a huge environmental problem. But new technology, consumer education and a long-term vision could be coming to the rescue.
The Federal Reserve has not run out of options to boost the economy and must focus on managing people's expectations to avoid a prolonged slump like Japan experienced, former Fed Governor Randall Kroszner told CNBC Tuesday.
Women made little progress in climbing into management positions in this country even in the boom years before the financial crisis, according to a report to be released on Tuesday by the Government Accountability Office, writes the New York Times.
JPMorgan Chase has notified federal regulators that it may seek to recoup the money it used to buy the assets of fallen Washington Mutual, or even more.