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A New York Times editorial slammed Goldman Sachs for its role in the financial crisis and said that instead of paying big bonuses to its employees it should make a multibillion-dollar gift to help reduce the U.S. national debt.
The independence of the Federal Reserve is essential for credible monetary policy and doubts about the U.S. central bank's ability to do its job without political interference could hurt the nascent economic recovery, a senior Federal Reserve official said on Sunday.
Zacks Analyst Blog Highlights: American Express Co., Bank of America Corp., JPMorgan Chase & Co., Citigroup Inc. and Capital One Financial Corp.
WASHINGTON -- Suddenly the Federal Reserve is everybody's punching bag.
Responding to a fan backlash that the inaugural season at Citi Field embraced the team's Brooklyn Dodgers predecessors and ignored the club's own Amazin' past, Mets officials announced a series of changes for 2010 designed to embrace the team's history.
Defending himself against critics, Representative Ron Paul of Texas played down continuing concerns on Friday that his amendment to give Congress sweeping new oversight powers over the Federal Reserve would compromise the central bank’s political independence.
Mets fans have spoken. Saying they had heard their irate followers "loud and clear," the Mets yesterday revealed several changes to Citi Field to better reflect the team's history. As well as renaming areas of the stadium after franchise icons Ca...
The laughably low interest rates the United States has been paying on its colossal debt won’t last forever. The government faces a payment shock down the road.
Nov. 23 (Bloomberg) -- The dollar fell for the first time in three days against the euro on speculation the Federal Reserve will keep its stimulus measures in place and ensure interest rates remain low.
The Treasury’s schedule of financing this week included Monday’s regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday.
Cadbury has spent months stonewalling Kraft Foods’ hostile offer. But the entrance of another bidder could help its negotiating position against Kraft.
As chairman of the CFTC, Gary Gensler is leading the Obama administration's campaign to start policing the Wild West of finance.
Nov. 23 (Bloomberg) -- For the first time in seven decades, Treasury bills are paying no interest while stocks continue to appreciate -- a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t know all about 1938.
In 2002, legendary investor Warren Buffett warned that the economy was under threat from "financial weapons of mass destruction." He was talking about derivatives.
Nov. 22 (Bloomberg) -- The Federal Reserve must retain its independence in setting monetary policy to contain the threat of inflation and avoid impeding the economic recovery, Federal Reserve Bank of St. Louis President James Bullard said.
Nov. 23 (Bloomberg) -- China Minsheng Banking Corp., the nation’s first privately owned lender, will begin trading this week in Hong Kong after raising HK$30.1 billion ($3.9 billion) in the territory’s biggest public share sale since April 2007.
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