As the market dropped our team was watching. A car wreck is a much too pleasant analogy. I was at my desk in 1987, 1989, 9/11, 2008, and I’ve never witnessed what I witnessed yesterday.
The head of the Federal Communications Commission is pledging to apply only narrow regulations to high-speed Internet access to ensure the agency has adequate authority to govern broadband providers without adopting heavy-handed rules.
A 100-ton concrete-and-steel contraption designed to siphon off the oil fouling the Gulf of Mexico was being hauled to the spot in the sea where a blown-out well is spewing hundreds of thousands of gallons of petroleum a day.
Fishermen along the Gulf Coast are unhappy about BP's plan to compensate them for lost wages.
It’s an open secret on Wall Street that many big banks routinely — and legally — fudge their quarterly books. But now Washington is taking a hard look at a range of maneuvers that help banks dress up their financial statements, and raising some uncomfortable questions about banks’ bookkeeping.
When a pipe bursts, your first response is to cup the leak. In the simplest terms, that’s the idea behind a massive structure the company Wild Well is building in Port Fourchon, La., to contain some of the spewing oil from the ongoing BP disaster in the Gulf of Mexico.
While tougher regulations on consumer protections and derivatives are the highlights, it will be the lesser known aspects that will make or break many businesses.
Here's my friend Dan Mitchell's latest video. As usual, it's definitely worth watching. According to Dan: The correct capital gains tax rate is zero because there should be no double taxation of income that is saved and invested.
Some fear the bill will wind up giving preferential treatment to big firms, while others worry that the American taxpayer will remain on the hook, much the way it happened with the near failuremof AIG and others in 2008.
As the titan of Wall Street continues to be bombarded by SEC civil fraud charges and now a criminal inquiry, can its franchise remain intact?
David Sokol, a key Warren Buffet lieutenant, told CNBC that it would be a “disaster” if Congress enacted retroactive legislation that voided contracts dealing with derivatives.
Real GDP increased about $162 billion since the second quarter of 2009, when the economy bottomed out. Wall Street for 2009 paid out bonuses of nearly $150 billion on profits twice that amount. The rest of the economy, on balance, went backwards.
TD Ameritrade chairman Joe Moglia told CNBC Friday that his clients—individual investors—are regaining confidence in the stock market and increasing their equity holdings.
Assuming that regulators decide that banks are indeed too large, how might a reduction in size be accomplished, writes William Dunkelberg, Economics Professor at Temple University.
Investors may have feared the worst, but the coming law seems softer than expected.
Noisy protesters with signs took over two bank building lobbies on Thursday in a prelude to a Wall Street rally by workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks.
After three entire days, the Republicans finally relented Wednesday after reducing bailout language in the current Dodd bill, but the debate and amendment process is just beginning.
Every now and then an idea takes hold that is, conceptually, so elegant and alluring as to be nearly irresistible. Resolution authority – like the call of the Sirens – has enchanted every US official who was in a decision-making capacity during the financial crisis.
Workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks are planning to rally on Wall Street.
Sen. Claire McCaskill called Goldman Sachs "the bookie" in selling synthetic CDOs. Now, real bookies are putting odds on what happens next to the Wall Street giant.