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STOCK MARKET: Blackstone CEO Schwarzman Makes $573 Million in One Day as Shares Jump
Via: krishna
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Stock Market & Investments
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21 Comments
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5 years ago
Photo credit: Lugen Family Office A plan by the giant U.S. private-equity firm Blackstone Group (BX - Get Report) to convert from a partnership into a stock corporation sent the...
Consumer Reports reviews popular online tax-prep services — and finds a few problems
Via: perrie-halpern
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Stock Market & Investments
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2 Comments
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5 years ago
By Herb Weisbaum Do-it-yourself online tax preparation services promise expert advice and “guarantee” to maximize your refund . But can they live up to these claims? Consumer Reports...
Sears wins reprieve from liquidation as Chairman Lampert makes last-minute bid on bankrupt company
Via: perrie-halpern
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Stock Market & Investments
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24 Comments
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6 years ago
By Lauren Hirsch, CNBC Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a bid in an effort to buy the retailer and keep it...
Why we spend money on things we shouldn't (and how to break the cycle)
Via: perrie-halpern
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Stock Market & Investments
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6 Comments
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6 years ago
By Jean Chatzky I can’t really afford this, but I love it … I really shouldn’t have bought that, but I needed a pick me up … Is this what a spending hangover feels like? Sound familiar?...
Market gains for 2018 wiped out by plunging stocks
Via: perrie-halpern
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Stock Market & Investments
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7 Comments
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6 years ago
By Lucy Bayly The stock market slid dramatically on Tuesday after a slew of disappointing corporate earnings dragged down the Dow Jones Industrial Average and the S&P 500, erasing all...
Mainstream Economics Has Become a Celebration of the Wealthy Rentier Class
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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6 years ago
To paraphrase Mark Twain , everyone complains about inequality, but nobody does anything about it. What they do is to use “inequality” as a takeoff point to project their own views on how to...
We’re Measuring the Economy All Wrong
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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6 years ago
Ten years after the collapse of Lehman Brothers , the official economic statistics — the ones that fill news stories, television shows and presidential tweets — say that the American economy is...
The real Goldfinger: the London banker who broke the world
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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6 years ago
E very January , to coincide with the World Economic Forum in Davos, Oxfam tells us how much richer the world’s richest people have got. In 2016, their report showed that the wealthiest 62...
Ten years on, the Fed’s failings on Lehman Brothers are all too clear
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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6 years ago
The key policymakers have always maintained they had no choice but to let Lehman collapse. That’s simply not true. In 2007 Fortune magazine ranked Lehman Brothers investment bank number 1 on...
One chart that shows how much worse income inequality is in America than Europe
Via: bob-nelson
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Stock Market & Investments
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350 Comments
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6 years ago
The income share of the poorest half of Americans is declining while the richest have grabbed more. In Europe, it’s not happening. Income inequality is a growing problem in the United...
Big Business Reaps Trump’s Whirlwind
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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6 years ago
The imminent prospect of a trade war , it seems, concentrates the mind. Until very recently, big business and the institutions that represent its interests didn’t seem to be taking President...
Your Credit Card Will Pay for the Next Recession
Via: bob-nelson
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Stock Market & Investments
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45 Comments
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6 years ago
Every three months , a select group of Federal Reserve officials gets together to guess where the federal funds rate is headed. That’s the interest rate banks charge one another for overnight...
Trump’s Taking Us From Temper Tantrum to Trade War
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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6 years ago
In one way, Donald Trump’s attack on our foreign trade partners resembles his attack on immigrants: in each case, the attack is framed as a response to evildoing that exists only in his...
America’s cheese stockpile just hit an all-time high
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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6 years ago
The United States has amassed its largest stockpile of cheese in the 100 years since regulators began keeping tabs, the result of booming domestic production of milk and consumers’ waning...
For the last time: Trump inherited a good economy, and he hasn’t made it better
Via: bob-nelson
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Stock Market & Investments
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9 Comments
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6 years ago
President Trump, who came into office when unemployment was at a then-10-year low, thinks that he was “given a very tough hand,” because when he “came up here, we had an economy that was going...
For the biggest group of American workers, wages aren’t just flat. They’re falling.
Via: bob-nelson
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Stock Market & Investments
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2 Comments
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6 years ago
President Trump has touted a strong economy, but one measure shows the value of wages has decreased for most American workers. Jeff Swensen/Getty Images The average hourly wage paid to...
Killing the Myth of the Gig Economy
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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6 years ago
Many pundit types were thrown for a loop by the Labor Department's release of its Contingent Worker Survey yesterday. The survey, the first one since 2005, showed no increase in the percentage of...
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