Facebook‘s intensely hyped initial public offering one year ago today was supposed to be a triumphant moment for Silicon …
Wall Street & Markets
Stock Market Rises Back Into Record Territory
(NEW YORK) — The stock market marched back into record territory Tuesday as investors seized on the latest encouraging news about the economy. This time, it was a report on the health of small businesses.
Small business owners were slightly more optimistic in April, according to a survey released by the National Federation of …
What Bloomberg’s Snooping Scandal Says About Wall Street’s Culture
On Wall Street, it’s all about finding an edge — no matter how small or seemingly insignificant. Whether it’s a snippet of chatter in a restaurant, a stray comment on the squash court, or a scrap of barroom banter after work, …
Dow 15,000: Don’t Fight the Fed, But Be Afraid
It’s hard to know what to make of this week’s record Dow performance except to say, “Don’t fight the Fed.” More than four years after the peak of the financial crisis, quantitative easing—the Federal Reserve strategy …
Stripping Jamie Dimon’s Chairmanship May Feel Good, But Won’t Fix What’s Broken
Way back in 2011, JPMorgan Chairman and CEO Jamie Dimon was on top of the world. TIME selected him as one of the 100 most influential people in the world, and even Charles Ferguson, director of the scathing, anti-Wall-Street documentary Inside Job praised his performance during the financial crisis:
“Dimon had the wisdom and the long
…
Viewpoint: Ben Bernanke, Enabler of America’s Fiscal Dysfunction
By trying to compensate for poor fiscal policies, the Fed is making it easier for the President and Congress to evade their responsibilities.
Dow Has Its First Close Above 15,000 Points
(NEW YORK) — Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average charged higher Tuesday, closing above 15,000 for the first time.
It was another milestone in the market’s epic ascent of 2013. Good economic reports, strong corporate earnings and fresh support from …
Is the Price of Gold Signaling an Economic Slowdown?
Gold and other commodities seem to be signaling that the U.S. economy is sluggish and will get weaker still.
10 Steps to Spring Clean Your Finances
When it comes to spring cleaning, you probably haul the junk out of your garage, scrub your fridge, and wash the rugs and drapes. But don’t forget about your personal finances. Just after tax season is the perfect time to perform …
Trouble With Your Investment Portfolio? Google It!
In the stock market, there are countless strategies for making a buck. Some investors like to focus on the fundamentals of the companies they invest in — poring over financial statements to figure out which firms are over- or under-valued. Others invest based on trends or macroeconomic events, like whether the Fed is raising or lowering …
How Does One Fake Tweet Cause a Stock Market Crash?
At 1:07 p.m. on Tuesday, the Twitter feed of the Associated Press told us that Barack Obama had been injured in an explosion at the White House. The tweet was fake — the product of a hack — but given the events in Boston last …
The Real Reason Wall Street Is Fighting the Online Sales Tax
It’s rare these days to find a bill that garners bipartisan support, but members of both parties in the U.S. Senate are getting behind the Marketplace Fairness Act, which will enable states to collect sales taxes on products sold by online, out-of-state vendors. The goal of the bill is to level the playing field between online retailers …
