The pay bonus for working at a “Too Big to Fail” bank is only getting bigger.
Outsized paychecks are often cited as one of the reasons for the financial crisis. So what are the executives at the biggest banks doing? They are upping their pay. In fact, pay at the big banks is not rising just for CEOs and investment bankers but for …
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Ever since the New York Stock Exchange’s parent the NYSE Euronext agreed to be purchased by Germany’s largest exchange, the Deutsche Borse, there has been some wrangling over whether someone should stop the U.S.’s most important stock exchange from falling in the hands of foreigners. Right after the merger was announced New York …
There has been a lot more talk recently about whether we are on the cusp of a housing market recovery. I wrote that I believed the housing market would rebound in 2011 back in December. Earlier this month, my colleague Bill Saporito wrote a story about how two developers who had called the crash correctly were now betting on a huge …
OK. So I will admit it. I finally have a touch of inflation fever. But it’s just a touch. Sniffles.
The government reported the Consumer Price Index, the most important monthly gauge of inflation, on Friday for March and it showed that inflation is rising at the fastest pace in more than a year. On average, prices are up 2.7% in the …
The butcher. The baker. The Candlestick maker. They are not just three guys in a tub. They’re probably tax cheats.
Tax day comes three days late in 2011 on Monday, April 18th, instead of April 15th. But even after the deadline to file your taxes comes and goes, there will be hundreds of thousand of Americans who haven’t fully paid …
Gas stations might want to think about offering direct deposit.
On Wednesday, the government announced the monthly number for retail spending and it included a disturbing figure for those of us who have been hoping for a strong recovery. Excluding gas purchases, consumers spent just 0.1% more in March than they did a month ago. That’s …
Most people seemed to agree that the narrowly avoided government shutdown would have hurt the economy. But the question is whether the budget deal struck to avert the shutdown will hurt the economy more than if Washington had just turned off the lights?
The budget deal struck by President Obama and John Boehner and other Republicans …
A government shut down could cause consumer spending to drop by just over $30 billion. It’s a lot of money. And certainly meaningful to the people who count on those checks. But the real question is this: Is that enough to derail the economic recovery, or at least delay it?
The spending hit has to do with tax refunds, which many …
Central banker see. Central Banker do? We will see.
On Thursday, the European Central Bank for the first time in nearly three years raised interest rates. Even though the rate is only going from 1% to 1.25%, it’s a significant move because the ECB becomes the first central bank among so-called wealthy nations to raise interest rates …
Costco. Victoria’s Secret. Wet Seal. Saks. Kohl’s. That’s as varied a group of stores you can get. Yet, all four giant retail chains reported that in March their sales were better than expected. Some of the chains’ sales were far better than expected.
For example, analysts had expected sales at Costco’s outlets open at least a year …
Wall Street and Washington haven’t been getting along for a while. So perhaps it isn’t a surprise that the stock market seems somewhere between indifferent and gleeful at the prospect of a possible government shutdown. Stocks are up today, even as the likelihood of a government shutdown seems to have climbed from no-way to …
