The famous United States stock index known as the Dow Jones Industrial Average (or simply the Dow) flirted with approaching a historic high of 20,000. The index, which shows how the largest 30 companies publicly traded in the U.S. are performing, is considered a key indicator of how well U.S.
Both German Deutsche Bank and Swiss Credit Suisse are settling charges with the U.S. government over their involvement in fraud in the mortgage market.
Syrian Rebel Attacks Aleppo Schools, Hospitals; Saudi Minister Decries Assad’s Crimes Against Humanity
Massive fighting, shelling, bombs and airstrikes in Aleppo escalated sharply in the past few days. Western media reporting on it has been severely skewed.
That an economist could be so misinformed (if not disingenuous) on such a vital economic issue is extremely disappointing.
Last night in Nevada, the two remaining candidates to be the Democratic Party’s 2016 nominee participated in a town hall ahead of this weekend’s caucus. Former Secretary of State Hillary Clinton faced more questions concerning the $2.9 million she personally made in Wall Street speaking fees. One member of the
Analysts at Goldman Sachs, one of the world’s largest investment banks, questioned capitalism’s effectiveness. What did they really mean by that statement?
JPMorgan is almost finished paying off the rich people it screwed in the run-up to the 2008 financial crisis. As for the poor? Well, not so much.
The Too Big To Fail & Jail bank to pay a $2.385 billion civil monetary penalty, make $875 million in cash payments, provide $1.8 billion in consumer relief.
Just as in “The Big Short,” the SEC warned that national ratings organizations are still rating junk as gold in order to keep the business of big banks.
Across America, CEOs are using stock buybacks to boost share prices and their own pay at the expense of regular workers employed by their corporations.