Daily News Channel
Government shutdown? Wall Street isn’t apprehensive The looming menace of the authorities shutdown isn’t producing traders to panic. Throughout the prior two instances the federal government pulled the plug — five days in November 1995 and another 21 days in January 1996, each throughout the Clinton administration — the Dow (INDU) and the S&P 500 […]
Lloyd Blankfein, the 54-year-old chairman and CEO of Goldman Sachs, is powerfully perplexed. In the past six months, his investment-banking and securities-trading firm has roared ahead in profitability by taking risks — that other firms would not — for itself and its clients in an edgy market. It has paid back the billions of dollars, and then some, of taxpayer money the government forced it to take last October; raised billions of dollars in capital from private investors, including $5 billion from Warren Buffett; and urged its cadre of well-paid and high-performing executives to show some restraint on the conspicuous-consumption front.
Despite talk of economic "green shoots," more people around the world received pink slips last month. The jobless rate climbed to 9.2 percent in the 16 Eurozone nations of the EU, the highest rate in a decade
In this groundbreaking 2008 book Buyology: Truth and Lies About Why We Buy, Danish brand consultant Martin Lindstrom showed how neurology, as much as economics, drives consumer behavior.
If early last September you’d parked outside Lehman Brothers’ Manhattan headquarters with a cell-phone scanner and listened only to some of the “chatter” coming out of Lehman’s front office, you almost certainly would have realized that Lehman was going under. But to understand the wider consequences, how capitalism was about to do a somersault into the watery abyss, you would have needed to understand how Lehman fit into the global financial system
Management at AIG has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance company then plans to ask for whatever is left to fund its deficits so that it can stay in business, effectively making the federal government insolvent. According to CNBC, AIG is about to post another huge loss.