Joe Nocera is an op-ed columnist with The New York Times and a regular contributor to WNYC. He has been reporting on business and finance for three decades in such publications as Fortune, Esquire, Texas Monthly, Newsweek, and joined the Times as a business columnist in April 2004. His most recent book, co-written with Bethany McLean, is All The Devils: The Hidden History of the Financial Crisis, their best-selling account of the financial crisis.
Across the country, cities and states are trying to figure out how to address the growing public pension crisis. Collectively, they're underfunded by an estimated $1 trillion.
A lot of iconic companies in the tech sector like HP, Cisco and Blackberry have been struggling recently.
Healthcare.gov launched more than seven weeks ago and its diagnosis isn't looking good so far.
Janet Yellen is poised to become the new head of the Federal Reserve. If she's confirmed by the Senate, she would arguably become the most powerful woman in the U.S. economy, with the power to keep interests rates low, prevent inflation and attack unemployment.
This week, voters elected Bill de Blasio as New York City's new mayor by a decisive margin. Now, can he deliver?
A Connecticut hedge fund has pleaded guilty to insider trading and agreed to pay a massive $1.2 billion penalty. The question now is whether SAC Capital’s record-setting settlement will change behavior on Wall Street.
When Health and Human Services Secretary Kathleen Sebelius apologized about the rollout of the Obamacare website this week, she joined a growing number of leaders in business and government who have decided saying sorry was the smart choice in the face of some crisis or gaffe.
In a visit to Brooklyn Friday, President Obama will honor the innovative new education model at the Pathways in Technology Early College High School, P-Tech for short. Is it the answer for preparing kids to be tomorrow's workers?
The federal government is up and running again after a last minute deal that ended the shutdown AND raised the debt ceiling so the government can pay its bills. For now.
The federal government could default on its debt if it does not increase the amount of money it can borrow by October 17.
The federal government is shutdown, but the stock market is holding steady. What gives?
JPMorgan is reportedly in discussions to settle scores of government investigations with a settlement estimated at $11 billion.
October 1 is a watershed moment for Obamacare because that's the day people can start signing up health insurance, online, through public exchanges. But against this backdrop, there are also signs of a sea change in how private employers will offer health insurance.
Computer glitches on the Nasdaq stock exchange brought a halt to trading of thousands stocks and options Thursday in what some are calling "the flash freeze."
It's been a week of ups and downs for shareholder activists — powerful investors who buy up stock in companies to shake them up and get the stock price moving.
Amazon CEO Jeff Bezos' purchase of the Washington Post this week for $250 million amounts to less than one percent of his net worth.
The SEC secured a courtroom win against an employee of a Wall Street bank at the center of the financial collapse. A jury Thursday found former Goldman Sachs trader Fabrice Tourre, the self-proclaimed "Fabulous Fab," liable on six counts of fraud.
After years of circling billionaire Steven Cohen, federal authorities brought criminal charges Thursday against his hedge fund SAC Capital Investors.
Federal authorities are charging the hedge fund owned by billionaire Steven Cohen with making hundreds of millions of dollars illegally, and of engaging in rampant insider trading. Tuesday's announcement caps years of investigations into alleged misdeeds at Cohen's firm, SAC Capital Advisors, which at one point managed $15 billion in assets.