The hedge fund industry may be just as overbuilt as the credit and housing markets were.
Investors are yanking millions out of the hedge fund industry, fourth quarter data shows. The trend will continue unless hedge funds start performing more effectively.
Research in Motion stock falls after company delays arrival of new phones next year. But the real problem for Research in Motion stock: Loyal BlackBerry users are jumping to other smartphones.
Insider trading has been a target of both the Bush and Obama administrations. The case against Rajat Gupta, a former director of both Goldman Sachs and Procter & Gamble, is part of a major crackdown on insider trading.
“Class warfare:” Lately this old term has been taking on new life as political theater, a way to rebuke Wall Street protestors, and, predictably, fodder for Fox News. According to Google, in just the last month alone, 3,870 articles have been published containing these words. Another way to express the concept of rich vs. not-so-rich is the expression, “The rich get richer and the poor get poorer.” It’s been around for a long time: According to Wikipedia, William Henry Harrison went there in 1840: “I believe and I say it is true Democratic feeling, that all the measures of the government are directed to the purpose of making the rich richer and the poor poorer.” I’m not going to take a stand on either side of the “class warfare” debate by saying that the rich do or don’t take unfair advantage of the rest of society. This is America, where we all have the potential to become rich. But I will say this unequivocally: The rich do get richer, or at least have the potential to. Let’s count the ways:
Volcker Rule unveiled Tuesday, but faces fierce lobbying from banks. Public has until Jan. 13 to comment on Volcker Rule.