Photographs from Carl Icahn’s childhood days to his Princeton years
Wall Street
TIME Exclusive: Icahn Files Apple Shareholder Proposal
The richest man on Wall Street is opening a new front in his quest to persuade Apple to part with more of its massive cash stockpile.
Stocks Reach New High After Yellen’s Comments
The S&P 500 continued its record rise Thursday following Federal Reserve Chair nominee Janet Yellen’s comments that she would continue the federal stimulus package.
SAC’s Settlement Signals the End of the Wild West on Wall Street
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 …
Rewiring the Banker Brain
A culture shift is still needed to reconnect finance with the real economy.
Gordon Gekko Lives: New Evidence That Greed Is Rampant on Wall Street
One in four bankers would cheat to make $10 million. This is one of many unsettling findings in a new survey of Wall Streeters. As always, you’re on your own out there.
Stevie Walks: Wall Street Billionaire Steve Cohen Dodges Insider Trading Charges
Wall Street hedge fund titan Steven A. Cohen is reportedly poised to avoid federal insider trading charges because U.S. prosecutors don’t believe they have enough evidence to bring a case against the billionaire financial mogul. …
Insider Trading: Bad, But Not the Real Scourge of Wall Street
Americans hate cheaters, and they don’t like those who have an unfair advantage, which is why when you ask most people about insider trading, they’ll usually say that the perpetrators belong in jail.
To that end, the biggest
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Market Reality Check
The market craziness continues, with stocks down, commodities crashing, and bond yields rising. As usual during such periods, wild theories about what’s happening abound: The U.S. recovery is a mirage; China is having a Lehman Brothers-style meltdown; etc.
Will Wall Street Finally Put Clients First? Maybe Some Day — But Don’t Hold Your Breath
Efforts to compel all financial advisers to act in the best interest of their clients have been derailed–again.
Hindenburg Omen: A Real Problem for Stocks or Just Hot Air?
An arcane stock market indicator is flashing high alert. Should you pay attention?
S&P Upgrade of U.S.: More Proof the Ratings Agency Shouldn’t Play Politics
On Monday ratings giant Standard & Poor’s raised the U.S.’s credit outlook from “negative” to “stable.” That may sound a bit like the equivalent of Arrested Development’s Bluth Company going from “Triple Sell” to “Don’t Buy,” but in these troubled economic times, Americans should take what they can get. Thanks to a housing rebound, stock …