For all the headlines to the Dow Jones Industrial Average’s new record, you’d think it was a big deal. But experts say it’s time to curb the enthusiasm.
Wall Street & Markets
Groupon Fires CEO Andrew Mason: The Rise and Fall of Tech’s Enfant Terrible
It was only a matter of time.
Groupon fired its charismatic CEO Andrew Mason on Thursday after a tumultuous tenure pockmarked by accounting gaffes, sophomoric stunts and a whopping 77% decline in the company’s share price. …
Should Credit Unions Have to Pay Income Tax?
The American Bankers Association, the lobbying group that represents America’s banking industry, has recently launched an ad campaign across Washington D.C. aimed directly at the nation’s credit unions. The print version of the campaign is to the point, reading simply:
“Today credit unions are a $1 trillion industry that pays no
…
What Happens When the Fed Really Does Run Out of Ammunition?
The Fed has no good choices. If easy money ends, the economy will slow even more. But continuing the policy risks inflation
Google Hits ‘Glass’ Pedal as Apple Returns to Earth
The U.S. technology industry is one of the most dynamic in the world, particularly with respect to mobile and Internet-based computing, two areas that are evolving at breakneck speed. Things can happen very quickly in the tech …
Was It Something I Said? Fed Minutes Cause Markets to Slump
If you get the impression that the stock market is some sort of paranoid neurotic, overreacting to every little whispered rumor and half truth, you’re not alone.
Is the World on the Brink of a Currency War?
Economic policies that look like the start of a trade war are really aimed at addressing domestic economic problems.
Mrs. Warren Goes to Washington: Does the Market Mistrust Big Banks?
Critics of the nation’s largest banks haven’t had very many friends in Washington lately, but that dynamic changed markedly in January, when Massachusetts Senator Elizabeth Warren — perhaps Big Finance’s most articulate gadfly — was sworn in and given a seat on the Senate Banking Committee. And last week, the committee held its first …
Mergers and Acquisitions Boom! Is This a Good Sign for the Economy?
Wall Street dealmakers are off to a busy start to 2013, as some of corporate America’s most recognizable names have become involved in multi-billion-dollar mergers and acquisitions. Just yesterday, American Airlines and US …
Bold New Rule: Students in the U.K. Must Study Personal Finance
Dozens of countries, including the U.S., are searching for ways to raise the financial I.Q. of their citizens. But only a handful have taken the bold step of making personal finance a high school requirement. Here’s why the U.S. needs to move faster.
Boomers Never Got Their $30 Trillion Inheritance — Will Millennials?
As banks contemplate $30 trillion flowing from boomers to Gen Y over the next 30 years, they’re starting to think about how to capture this important and largely under-served demographic.
The Break-Up-the-Banks Drumbeat Gets Louder. But Is It Just a Bunch of Hot Air?
Conservative columnist George Will and liberal Ohio Senator Sherrod Brown don’t agree on much. So it was a little strange to see Will publish an article last week praising Brown’s legislative efforts to shrink America’s largest banks in order to remove any systemic threat that their failure might pose to the U.S. economy. But Will is not …
