Jack Bogle, the founder of mutual fund giant Vanguard, and the man who popularized index funds, is part of an older generation of financiers, including people like Warren Buffett, who believe in long-term, low-cost investing, …
Wall Street
Will the Stock Market Keep On Rising?
The forces that have boosted the prices of blue-chip stocks over the past year are diminishing, while other factors have become increasingly uncertain.
Facebook Blame-Game: Who’s at Fault for IPO Debacle?
It’s too simple to blame any single entity. All parties bear responsibility. Investors are angry, but they should look in the mirror.
Is the Stock Market Really Dying?
Pessimism is often most widespread when a long period of economic troubles is nearing an end. What follows can be a surprisingly strong rebound.
Wall Street’s Robot Uprising Quickly Quelled
Though some day traders referred to yesterday’s software glitch to something out of the Terminator movies, long-term investors have little to worry about.
When Wall Street Gets This Bearish, Some Say it’s Time to Get Bullish
Experts are more negative on stocks than they have been since the mid-1990s. That’s exactly why now might be the perfect time to buy.
Fallen Icon: Former Goldman Sachs Director Rajat Gupta Found Guilty
Former blue-chip honcho could face 20 years after conviction on conspiracy and three insider trading charges.
Has Facebook Jinxed the IPO Market for Everyone?
Facebook’s post-IPO meltdown has certainly been bad news for investors who got into the stock at its initial price — or higher. Is it also bad news for the IPO market as a whole?
JPMorgan’s ‘London Whale’ Loss Rises to $3 Billion as Lawsuits Fly
Days after disclosing a massive derivatives trading loss, JPMorgan Chase was hit with three shareholder lawsuits accusing company executives — and its CEO Jamie Dimon — of misleading investors about the extent of the blunder. …
Why We Need More Female Traders On Wall Street
The resignation of JPMorgan Chase exec Ina Drew in the wake of the banking giant’s recent $2 billion trading loss is troubling news for many reasons, but one of the most important rarely gets mentioned: Trading operations need …
‘Whale’ Fail: JPMorgan’s $2 Billion Blunder Tied to London Trader
Almost immediately after the stock market closed yesterday, JPMorgan Chase asked Wall Street analysts to attend a highly unusual, hastily assembled, postmarket conference call. Speculation was rampant: What could be so urgent? A …
FRONTLINE Preview: “I felt like I was doing something immoral.”
Six weeks ago, a young, Stanford-educated Goldman Sachs employee named Greg Smith wrote a scathing op-ed in The New York Times decrying his firm’s “toxic culture” — and then promptly disappeared from sight. The New York Post soon reported that he’d parleyed his poison-pen into a $1.5 million book deal with a top Manhattan-based …