Traditional brick-and-mortar retailers don’t have a lot going for them these days. On the one hand, high unemployment and stagnant wage growth is sapping the purchasing power of the average consumer, and on the other, the rise …
Ben Bernanke and made an open-ended commitment yesterday to purchase mortgage-backed securities at a rate of $40 billion per month, aiming to inflate asset prices and pump fresh credit into the economy. The move answers critics …
Mitt Romney’s presidential run has had the ancillary effect of increasing scrutiny of the private equity industry. After all, Romney founded the private equity outfit Bain Capital, and has built his case for the presidency in …
Last week marked the fourth anniversary of the federal government’s takeover of the government-sponsored entities (GSEs) Fannie Mae and Freddie Mac. And while the Wall Street and auto industry bailouts get the most attention, …
The Democratic party spent all week (and millions of dollars) trying to convince voters to return President Obama to office in November. But perhaps the most important set piece — the August employment situation report — was …
Wall Street isn’t the most popular industry in America right now. A poll conducted last fall by the Washington Post and ABC News found that 70% of the country viewed financial institutions on Wall Street unfavorably — and that …
The impending 2012 election has put tax law at the very center of the national conversation, but not all of the talk has been strictly about whether the rich should be paying more taxes. It has also focused on more esoteric …
The U.S. and economic growth have consistently gone hand in hand. The country’s history has consistently been accompanied by economic progress, and since the end of World War II, the U.S. economy has averaged GDP growth of more …
While most Americans have their minds squarely fixed on beach and barbecue plans this weekend, market participants had their eyes an ears affixed to Fed Chairman Ben Bernanke’s speech this morning in Jackson Hole, Wyoming. The …
You don’t have to be a management consultant to know that we are all besieged by information, but it’s the consultant’s job to come up with a snappy buzzword to describe the phenomenon, and they have settled upon the …
Just when it appeared things couldn’t get worse for Best Buy shareholders, this morning the firm released a downright grim earnings report showing that profit slumped a jaw-dropping 91% in the second quarter. Shares then slid …
