Topic: Wall Street
Top galleries, list articles, quizzes
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Obama or Romney? How 5 undecided voters are making up their minds.
Last month, the Monitor profiled five undecided voters whose allegiances were especially prized because they live in swing states. Now, less than two weeks before Election Day, we check in with them to see what they’re thinking now.
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Briefing
Obama vs. Romney 101: 3 ways they differ on regulation
Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
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Ron Paul vs. the Federal Reserve: four epic moments
Ron Paul hasn't been the Federal Reserve's only critic, but he ranks among the most consistent and persistent in his charge that the Fed has debased the dollar and destroyed the wealth of Americans.
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Before Stockton: five other big financial crises for US municipalities
Here's a look at some of the most notable financial collapses and near-collapses for US municipalities over the years.
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
All Content
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The Entrepreneurial Mind
Small business vs. big business: The divide widensAt the national level, the natural tensions that exist between small businesses and larger corporations has been heightened significantly since the election, Cornwall writes.
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Costco profit soars 30 percent on high sales, low prices
Costco's profits rose 30 percent in the fiscal first quarter on better sales and more revenue from membership fees. Costco's gain beat analysts' expectations, and stock rose 14 cents per share in premarket trading.
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Italian Prime Minister Monti's surprise resignation shakes investors (+video)
Analysts fear Prime Minister Monti's unexpected resignation could spark a new round of Italian political turmoil and slow efforts to shape up the eurozone's third largest economy.
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Robert Reich
Jobs report shows why job growth trumps deficit reductionWith Friday's jobs report showing an economy moving slowly in the right direction, Reich stresses that jobs and growth must take priority over deficit reduction.
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Chapter & Verse
Writer David Nasaw discusses the turbulent life of Joseph P. KennedyFrom his role as a father to powerful politicians to his job as a movie industry mogul, Nasaw says that 'unlike other outsiders who fight to get inside... once [Kennedy] gets inside, he refuses to play by the rules.'
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Stocks edge up, led by Apple
Stocks rose on Wall Street Thursday despite the lack of agreement on a fiscal cliff deal in Washington. Apple and other technology companies led the stock market up.
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Robert Reich
America's other cliffs: poverty, healthcare and the environmentAmerica does face a cliff – not a fiscal cliff, but a set of precipices obscured by Republicans' obsession over government’s size and spending, Reich writes.
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Change Agent
How one man learned to share – and saved $17,000 in one yearNeal Gorenflo found he could share cars, lodging, office space, even a nanny, saving him money and helping him to live in a more sustainable way.
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Stocks little changed; Investors await budget deal
Stocks changed little Tuesday on Wall Street as fiscal cliff negotiations continued in Washington. Some say stock trading will grow in volatility the longer budget talks progress without a deal.
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Robert Reich
Fiscal cliff: 8 principles for DemocratsReich offers some principles to Democrats as a guide to negotiating with Republicans on the fiscal cliff.
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Obama tax plan: Which cities would it hit hardest?
President Obama's plan to raise tax rates would hit the wealthiest Americans. Yet cities with the highest percentage of rich households are clustered in blue states.
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Stocks edge lower after weak manufacturing report
A surprisingly weak manufacturing report sent stocks lower Monday. December is historically the best month for stocks.
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Why Obama is pushing for stimulus in 'fiscal cliff' deal (+video)
President Obama's opening offer in 'fiscal cliff' talks includes $255 billion in stimulus spending – tax cuts, incentives, and more. It could be a bargaining ploy or a bid to offset rising taxes on the rich.
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Opinion: Fiscal cliff: Republicans on wrong track if they help Obama raise taxes on the rich
Higher taxes won’t much improve US finances and would likely wreck the economy. But as fiscal cliff talks intensify, a small group of Republican senators are prepared to help President Obama make the rich pay more – facts notwithstanding. A better approach: Spur private-sector growth.
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Sandy recovery claims mount. How much will a divided Congress pay? (+video)
Congress may be wrangling over the 'fiscal cliff,' but budget experts are confident that both parties will agree to provide billions in Sandy recovery aid sought by Northeastern governors.
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Stocks climb on hopes for 'cliff'-skirting deal
Stocks rose in afternoon trading Wednesday on signs that the US may avoid the 'fiscal cliff' after all. 'Fiscal cliff' concerns have weighed on stocks since the election.
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Robert Reich
Will Timothy Geithner lead us over or around the fiscal cliff?Timothy Geithner sees the world through the eyes of Wall Street rather than Main Street, Reich writes, which complicates fiscal cliff negotiations.
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Fiscal cliff warning sends stocks sliding
Frustration from Senate Majority Leader Harry Reid over the fiscal cliff pushed stocks downward Tuesday. Worries about budget talks have been hanging over the stock market for weeks.
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Stocks end lower after strong week
Stocks retreated after one of their best weeks of the year. Anxiety over the 'fiscal cliff' and European debt drove stocks down.
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Cover Story
Five reasons America won't fall off the 'fiscal cliff'The political and economic ramifications are too big for Washington to let the large tax increases and spending cuts take effect. But this doesn't necessarily mean lawmakers will craft a decisive solution to the nation's fiscal woes.
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Stocks end flat after HP shocker, Fed warning
Dow drops less than 8 points despite Bernanke warming of 'fiscal cliff' dangers and HP disclosure that it will have to take an $8.8 billion charge for accounting 'improprieties' at a company it acquired last year.
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Apple's 'insane' sell-off ends. Stock jumps.
Apple's 'insane' sell-off over two months took the stock down nearly 21 percent before it rebounded. Topeka Capital Markets analyst, who tagged the Apple sell-off as 'insanely insane,' sees earnings per share growing 20 to 30 percent a year.
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Robert Reich
Why we should stop obsessing about the deficitThe nation's problem is not the deficit but a lack of good jobs and sufficient growth, Reich writes.
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Chapter & Verse
Amazon's Jeff Bezos as 'Businessperson of the Year': Can the book world learn from him?Fortune Magazine awarded Bezos the title of 'business mind of 2012.'
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Robert Reich
A fiscal cliff 'mini-deal'?A mini-deal on the fiscal cliff will give the new Congress and the White House time to craft a “grand bargain” on deficit reduction without going over the fiscal cliff, Reich writes.



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