While the attention of the media and lawmakers in Washington has flitted from the recent government shutdown to the troubled rollout of the Obamacare website, today’s jobs numbers offer a stark reminder that the U.S. economy has …
Over the past twenty years, Steve Cohen built his hedge fund SAC Capital into one of the largest and most successful operations on Wall Street, making himself into a billionaire nine times over. But Cohen’s long and illustrious …
The steady assent of Amazon has proceeded with few hiccups over the years. As retail consultant Jim Tompkins points out, if you count sales Amazon facilitates through its third-party marketplace, it actually moves more goods per …
With at least a temporary end to the budget showdown that has kept the government closed for weeks and the U.S. on the brink of default, stocks soared yesterday afternoon, with the S&P 500 closing within 1 point of its all-time …
Lawmakers in Washington are scrambling to get a deal done to raise the debt ceiling deal done before tomorrow, when the Treasury Department says it will have exhausted the extraordinary measures it has been using to avoid …
Apple announced today that it is hiring Burberry CEO Angela Ahrendts to take on a new position that combines oversight of Apple’s retail and online stores. The move is seen, in part, as an effort by Apple to bolster its position
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There’s an old joke about the economics profession that says that it’s the only field where two people can win the Nobel Prize for saying the exact opposite thing. On Monday the joke was seemingly proven true when the Royal …
The FBI made headlines last week when it announced that it had shut down the illegal online drug bazaar Silk Road and arrested its alleged operator Ross Ulbricht. According to the FBI’s complaint, the arrest led to the seizure of …
Today at 3 PM, President Obama officially announced his decision to nominate Janet Yellen to be the 15th Federal Reserve Chair. If she is confirmed, she will be the first woman in the role. Wall Street is growing increasingly …
Nobody knows for sure. But here are some best guesses
Two are simple enough. The third one? Not so much
Silk Road is a black-market website on which buyers and sellers of illicit products, mostly drugs, could come together anonymously using software like Tor, which conceals web browsers’ identity. When the FBI announced this week …
