Goldman’s CEO Lloyd Blankfein’s best profits may be behind him (Larry Downing/REUTERS)
Goldman Sachs, it appears, is no longer the finely honed money-making machine that is has long been. On Wednesday, the most envied, and hated, firm on Wall Street confirmed that its profits fell 52% in the fourth quarter of 2010, from a year ago. …
Zuckerberg and famed private market investor John Doerr (left) (Hector Amezcua/REUTERS)
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Much of the analysis of the debacle that has become of Facebook’s $2 billion private offering is this: Goldman royally messed up. The latest sign came on Monday when the investment bank, which is leading the Facebook deal, decided …
Malls will be more crowded in 2011 (Mike Segar/REUTERS)
Congratulations. We are now consuming more each month than we did before the start of the recession.
Collectively, Americans spent nearly $381 billion last month, according to a report on Friday from US Department of Commerce. That was up 0.6% from November, and nearly 8% more …
(Getty Images)
Workers expecting a raise in the next year, might get something very different–a pay cut.
Wages have already been growing very slowly during the recession, up just 1.5%. That’s down from 3.5% at the beginning of the recession. And when you factor in inflation, real wages, which is the measure of whether you can buy …
It will be cash (Photo: Sarah Conard/REUTERS)
Stay-at-home moms may soon have a harder time saying, “Charge it.” That’s the claim from banks, retailers and critics of new regulations that were supposed to stop the most abusive practices of credit card companies.
The credit regulations, which were passed last year as part of the CARD …
Many foreclosures sales are on hold (Robert Galbraith/REUTERS)
A number of market watchers and housing analysts are saying that a recent real estate ruling by the Massachusetts Supreme Court could be a big boon for the housing market. While the ruling may reduce the number of houses for sale for the next few months, it’s not clear …
Job seekers fill out applications (Mike Segar/REUTERS)
Being a temp is never easy. December was no different.
Friday’s job report left many economy watchers scratching their heads. The report showed a much bigger drop in the unemployment rate than was expected in December. The number dropped to 9.4%, from 9.8% the month before. That …
Goldman CEO Lloyd Blankfien has his hands around Facebook’s shares (Jim Young/REUTERS)
Goldman Sachs has been trying to wrestle free of its reputation for sucking money out of every market it can. The new Facebook deal won’t help.
You don’t have to dig very far to find something vampire squiddy about the deal. Companies over 500 …
Still waiting for the right jobs or workers (Shannon Stapleton/REUTERS)
The cover story of TIME magazine this week is about the job market. Bill Saporito and reporter Deirdre Van Dyk have done an amazing job of finding employers who want to hire.
Kent Niederhofer can’t find enough mechanical engineers to work for him — in
…
This guy’s company may be now worth $50 billion. (Photo: Robert Galbraith/REUTERS)
There are a growing number of signs that a bubble is building in tech.
The latest and potentially most disturbing: Investors now believe Facebook is worth $50 billion. Facebook is indeed an innovative and very successful company. It has 550 million …
A sign that may make a comeback in 2011 (Photo: Rick Wilking/Reuters)
A very successful hedge fund manager is making the case that housing prices may rebound sharply in 2011. He may be right.
The guy’s name is Bill Ackman and his hedge fund is Pershing Square Capital, which had $3.5 billion under management in mid-2010. He has spent …
Lose your job, pick up a snack (Photo: Getty Images)
Can lean times lead to wider waistlines? It appears so. If you are finding it harder to keep off the weight recently, it’s not just you or holiday parties that are to blame. The recession and its aftermath are making you fatter.
A new research paper published by the National Bureau …
