The sudden departure of Citigroup CEO Vikram Pandit has sparked a conversation about where the bank is headed under new leadership and what it says about the so-called "too big to fail" banking behemoths.
The first presidential debate between President Barack Obama and GOP challenger Mitt Romney focused on jobs and the economy but left some pundits asking for more specifics.
The Supreme Court begins a new term Monday with a docket full of cases pertinent to the business community. This week, WNYC's Money Talking examines the business implications of the cases, as well as how the court's 5-4 conservative-liberal split will play out.
In Olympic track and field, a tenth of a second can mean the difference between the gold and the silver. But on Wall Street, mere milliseconds separate the winners from the losers. WNYC’s Money Talking explains “high-frequency trading” and what it means for average investors and the market.
The Lehman Brothers bankruptcy four years ago marked the start of a financial crisis that left millions jobless, smashed nest eggs and sent the stock market into a downward spiral. These days — at least on Wall Street — it’s as if the recession never happened. WNYC’s Money Talking discusses whether the stock market is entering another bubble.
Wall Street threw its support behind Barack Obama in 2008, but this election cycle the tables have turned. Now, it's funneling most of its donations to Mitt Romney and conservative super PACs.
Investors have been flocking to money market funds for decades, and today their total value stands at $2.5 trillion. Businesses, non-profits, government and individuals seem to think they're a sound investment, but how safe are they?
This week a technical glitch in electronic trading sent the stocks of nearly 150 companies, like Bank of America and GE, on a wild ride.
It was the latest in a string of stock market snafus, including NASDAQ's botched Facebook IPO in May and the "flash crash" of 2010 when the Dow Jones Industrial Average plunged 600 points only to recover minutes later.
The American economy is slowing down.
GDP grew at a 1.5 percent rate in the second quarter, down from 1.9 percent in the first quarter, and anticipation is growing over what the Federal Reserve's policy-making committee will decide when it meets next week.
Former tech darling, Yahoo, has been struggling in a world dominated by Apple, Amazon, Google and Facebook. Even with an estimated 700 million users around the world, it’s had difficulty turning that reach into profits. This week, the company reported that revenues were down 1 percent for the quarter that finished June 30, and profits fell to $226 million from $237 million a year earlier.
A company called Mortgage Resolution Partners wants local governments to use eminent domain to help homeowners drowning in debt.
Heads are rolling at the British bank Barclays after it admitted to rigging a key interest rate known as the LIBOR — short for "London Interbank Offered Rate."
The long wait is over. The Supreme has ruled. The health care law stands (mostly).
A committee of university presidents has approved a new playoff system for college football. After this year, the much-derided Bowl Championship Series will come to an end, and be replaced by a four-team playoff and a Super Bowl-style title game.
A person writes a "living will" so caretakers will know his wishes if his health starts to fail. Now, nine of the world's largest financial institutions have to do the same thing so regulators will know what to do if one of them fails.
Next week, the Supreme Court will decide the fate of President Barack Obama’s signature piece of legislation, the Affordable Care Act, which attempts to reorganize one fifth of the U.S. economy.
Remember the headlines just a few months ago? People predicted gas would reach $5 a gallon This week, the price is $3.57, according to the Energy Information Administration.