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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Chavez opponents demand 'the truth'
Venezuelan President Hugo Chavez remains in Cuba following an operation he had there last month. His critics expressed concerns that the Venezuelan people aren't getting the full story about the president's health.
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'Fiscal cliff' deal: After rush of relief, debt ceiling clash already looms
The fiscal cliff deal passed the House after Republicans broke ranks over taxes. But spending cuts loom large in the next clash, over raising the debt ceiling, which Obama says is non-negotiable.
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Robert Reich
After the fiscal cliff comes the debt ceilingThe battle over the fiscal cliff was only a prelude to the coming battle over raising the debt ceiling – Reich writes – a battle that will likely continue through early March, when the Treasury runs out of tricks to avoid a default on the nation’s debt.
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Decoder Wire
Donald Trump slams GOP: How would he have struck 'fiscal cliff' deal?Donald Trump slams GOP in tweets, saying that Republicans got nothing in the fiscal cliff deal. Here's a look at some principles the real estate mogul might have followed had he been negotiating.
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$1 million Apple heist: Thieves hit Paris store on New Year's Eve
$1 million Apple heist at the flagship store in Paris was a 'well prepared' operation, police said. Four armed thieves used the commotion around New Year's Eve festivities in downtown Paris to carry out the $1 million Apple heist.
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House Republicans' 'fiscal cliff' gripe: When will we ever get spending cuts? (+video)
What riles House Republicans isn't the taxes on the rich in the Senate's 'fiscal cliff' bill, it's the absence of significant spending cuts. But changes at this late date could scuttle the bill.
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Despite looming 'fiscal cliff,' world markets calm
Although 'fiscal cliff' talks go down to the wire, many investors confident a deal will be reached. World markets in Asia, Europe mixed. US stock futures point to a higher open.
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GOP 'fiscal cliff' endgame: Let big government sting the middle class?
For some tea party Republicans, part of the political calculation ahead of the 2014 elections is whether going off the fiscal cliff would spell political disaster or instead be seen as a return to principled governance.
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Three (thin) reasons why Congress could yet avoid the fiscal cliff
A deadline, the promise of a House vote on whatever the Senate can produce, and a sharp reaction on Wall Street boost prospects that gridlocked lawmakers will act to avert at least some aspects of the fiscal cliff by Jan. 1.
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Obama, Congress struggle toward fiscal cliff deal
On Friday President Barack Obama met with congressional leaders once again to try negotiating a budget deal. Obama said he walked away from the meeting 'optimistic.'
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Madoff prison letter: Beware 'dark pools' on Wall Street
Madoff prison letter warns of lack of transparency in the markets from 'dark pools,' where institutions buy and sell privately outside stock exchanges. Hedge funds' push into riskier ventures also comes under fire in Madoff prison letter.
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‘Fiscal cliff’: Will Wall Street light a fire under Congress?
So far at least, many on Wall Street seem to think that no matter what happens over the next few days with the fiscal cliff, Congress will still come through early in the new year.
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Energy Voices
Energy independence for fossil fuels? There's no such thing.In a world energy market, where companies seek the highest profits, far-away events affect domestic prices.
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Les Miserables reviews: What makes the movie different from the stage show?
Les Miserables reviews: British director Tom Hooper says the movie provides emotion via close ups. Les Miserables made its English language debut 27 years ago.
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Stocks sink as budget deadline nears
Stocks closed down on Wall Street as a year-end deadline nears with no deal in hand to cut the US government's budget deficit. Telecommunications stocks and health care stocks fared the worst.
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Energy Voices
SolarCity: Why all the buzz behind cleantech's latest IPO?SolarCity ebbed the tide of bad financial news for the green energy industry with its successful IPO last week. In an interview with the Monitor, SolarCity head Lyndon Rive gives a behind-the-scenes look at the company's soaring debut on Wall Street and explains what it means for the future of renewable energy.
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Stocks move higher as budget talks progress
Stocks rose Monday as signs of fiscal cliff progress in Washington made their way to Wall Street. Stock traders paused for a minute of silence at 9:15 a.m. EST to remember those killed in a gunman's rampage through a Connecticut elementary school.
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Cyberattacks on US banks resume, aiming to block their websites
The latest cyberattack mirrors one in early fall that targeted websites of major US banks. Security experts say the attacks appear to be the handiwork of a group tied to Hamas, which the US lists as a terrorist organization.
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The Vote
Gimme shelter! Your Rolling Stones guide to the 'fiscal cliff'Yes, we know the fiscal cliff is not always easy to understand. But help is here. Mick Jagger and the music of Rolling Stones can explain it all – with satisfaction – in nine easy steps. Seriously.
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Robert Reich
Why is Washington obsessing over deficits, not jobs?Cutting the budget deficit — either by reducing public spending or raising taxes on the middle class, or both — will slow the economy and increase unemployment, Reich writes.
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Energy Voices
SolarCity IPO: How it beat the solar curseSolarCity defied a trend of failing solar IPOs Thursday when its share prices soared nearly 50 percent on its first day of trading. What's behind the succes of the SolarCity IPO?
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Stocks lower as Wall Street eyes Washington
Stocks closed down Thursday despite the fourth straight weekly drop in applications for unemployment benefits. Energy and technology stocks fell the most on Wall Street.
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Could Maduro, Chávez's choice as successor, mend Venezuela's rifts?
Nicolas Maduro, who Venezuelan President Hugo Chávez has flagged as his desired successor, was formerly a union leader – an experience that suggests an inclination for dialogue with opponents.
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Sandy benefit concert: Rock legends hit the right notes (+video)
Sandy benefit concert: From Paul McCartney to Alicia Keys, the "12-12-12" benefit concert in Madison Square Garden for victims of superstorm Sandy was a night of great performances.
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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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