Today marks the fifth anniversary of the arrest of Bernie Madoff and the day when his decades-long, $60 billion Ponzi scheme finally collapsed. The Madoff trial has long since concluded, and he is currently serving out a 150-year …
The 2008 financial crisis had many causes, but the underlying theme of the meltdown was that businesses and individuals took on too much debt. Since the bubble burst, the country has been dealing with the problem of casting off …
You’ve probably heard the term “Volcker Rule” thrown around a lot, especially as five separate financial regulators vote on whether to approve the final rule Tuesday. Here’s everything you need to know about about this …
Investors are cheering today’s report from the Labor Department–sending the Dow Jones Industrial Average up more than 150 points. The report–which showed that the economy added 203,000 new jobs in November and that the …
Some food for thought as the U.S. celebrates the repeal of alcohol prohibition on the 80th anniversary of the 21st amendment
Always remember to read the fine print, especially when it comes to government statistics.
Though the Commerce Department announced Thursday that estimates for third-quarter GDP growth had been revised up to an eye-popping …
LIBOR benchmark rate at issue
While some economy watchers have been disappointed by lackluster retail sales over the long Black Friday weekend, two other data points released Monday suggest the economic recovery is picking up steam.
The Institute for …
Thanksgiving weekend is a banner one for American retailers, but there’s another American business that thrives at this time of year: parades. Each year, the Macy’s Thanksgiving Day Parade draws more than 3.5 million …
Ben Bernanke’s eight-year reign as the global economy’s most influential man is coming to a close, and the Fed Chair is taking to the lecture circuit to encapsulate and defend his tenure, which may prove to be the most …
The American worker isn’t doing so well. The median wage earner’s pay hasn’t grown in years, while most economic growth is being captured only by the already wealthy. While these problems are well-documented, finding a solution …
