Almost immediately after the stock market closed yesterday, JPMorgan Chase asked Wall Street analysts to attend a highly unusual, hastily assembled, postmarket conference call. Speculation was rampant: What could be so urgent? A …
Wall Street
FRONTLINE Preview: “I felt like I was doing something immoral.”
Six weeks ago, a young, Stanford-educated Goldman Sachs employee named Greg Smith wrote a scathing op-ed in The New York Times decrying his firm’s “toxic culture” — and then promptly disappeared from sight. The New York Post soon reported that he’d parleyed his poison-pen into a $1.5 million book deal with a top Manhattan-based …
Why Product Reviews May Be The Next Big Thing For Investors
If you want to know which direction the stock price of a company rolling out a new product is headed, there’s no need to wait for sales figures. Just check out user-generated product reviews on the web. They’re as good an early …
Apparently, Even Wall Street Thinks Little Of Wall Street
Goldman Sachs is getting most of the negative headlines. But Wall Street firms across the board say their industry invites scorn. Can they ever change?
Goldman Sachs Has Friends in High Places, Led By Mayor Bloomberg
As the fallout over Greg Smith’s public resignation continues to swirl around Goldman Sachs, several powerful figures have rallied to the bank’s defense, including New York Mayor Michael Bloomberg — who made his fortune …
Why the Market Is Not Stacked Against the Little Guy
Institutions such as Goldman Sachs have many advantages over individual investors, but sometimes the little guy has the edge.
Average Wall Street Bonus Dips to $120k After Bad 2011
After a dreadful 2011 that saw Wall Street profits plunge, many financial industry workers feared that bonuses, which typically make up a large chunk of their compensation, would fall off a cliff. But according to a new report by …
‘Gordon Gekko’ Joins FBI Battle Against Wall Street Fraud
Gordon Gekko has apparently had a change of heart. Well, not exactly, but Michael Douglas, the actor who played the infamous corporate raider 25 years ago, has lent his “Wall Street” character to a new FBI campaign targeting …
Wall Street: Doom and Gloom After No-Good, Very-Bad Year
How bad has the mood gotten on Wall Street? Judging by an article in the new issue of New York magazine, the answer is bleak indeed. Even as the broader economy shows signs of improving, Wall Street is coming off a year in which …
Dow, Nasdaq Surge to Post-Crisis Highs on Strong Jobs, Economic Data
Wall Street enjoyed a broad-based rally on Friday as two key stock indexes rose to the highest levels since before the Great Recession, propelled by better-than-expected employment data released earlier in the day. The strong …
Dividend-Growth Stocks Could Thrive This Year
Shares with above-average yields and rising dividends may well offer the best returns in 2012.
Why a Business Major is No Longer the Ticket
The Great Recession has dramatically changed the way we value a college education. First came the argument that a college degree isn’t worth the cost. Now we’re bashing the venerable business degree.
