Yahoo’s Jerry Yang Stepping Down as CEO
Yahoo! Inc. (YHOO) today announced that CEO Jerry Yang will step down from his role after the company finds a replacement. In a statement, the Web Portal said... >>>
Double Dip in Non-Farm Payrolls
Citigroup announced today that they will be cutting more than 50,000 jobs in the “near term.” This is on top of the 23,000 jobs that they have already cut and... >>>
Leaving the Mess for Obama
There are increasing signs that the Bush Administration wants to leave the clean up job to Barack Obama. According to Treasury Secretary Paulson, even though the... >>>
The Enterprising Investor’s Guide 11-17-08
The bear market of 2008 continues as the S&P 500 lost more than 6% last week. The market has declined in six of the last eight weeks, with some weeks seeing... >>>
Asset-Backed Securities and the Future of Consumer Lending
So… no buying of mortgages from banks in the TARP. What are they doing? On the same day they pulled the rug from under our banking system, Treasury announced... >>>
Proprietary Trading & Research Divorced?
Two weeks ago, a relatively small group of people became quite upset with FINRA when it announced a proposal to adopt its Consolidated Rulebook Interpretive Material... >>>
Will the US Government Allow GM to Fail?
Signs of stability in the US manufacturing sector has failed to turn around the market’s risk appetite. Although the US dollar has weakened marginally against... >>>
Everything You Need to Know About the G20 Statement in One Word
Well, that was exciting. The weekend G20 meeting was evidently highly successful, at least if we are to judge by the length of the statement the resulted from the... >>>
Slow Recovery of Labor Markets
How long will the recession last? I don’t know for sure, but we may be able to say something about how long labor markets will continue to struggle even after... >>>
Goldman Sachs Top Execs To Forgo 2008 Bonuses
The CEO and Chairman of Goldman Sachs (GS), Lloyd Blankfein, and six deputies told on Sunday the firm’s bank compensation committee that they had decided... >>>
