Topic: Wall Street

Robert Reich Stop subsidizing sky-high CEO salaries.

Taxpayers are paying for CEOs to receive huge salaries, as corporations deduct executives' compensation from income taxes. What's the solution? 

Eliot Spitzer, Anthony Weiner stage political comebacks. Redemption overload?

Not long ago New York Democrats Eliot Spitzer and Anthony Weiner seemed to have killed their political careers with sex scandals. Now, each is attempting a comeback, but will New Yorkers forgive and forget?

Stocks inch higher in record day on Wall Street

Stocks rallied in the closing minutes on Wall Street Friday, closing high enough to post new record highs for the Dow Jones industrial average and the Standard & Poor's 500 index. Profits at big banks Wells Fargo and JP Morgan came in better than expected, and that helped financial stocks. 

Stocks rise for fourth straight day

Stocks edged higher Tuesday as investors bought companies that fare best when the economic outlook is bright. Gains in stocks were led by riskier parts of the market.

The New Economy Jobs report stronger than expected in June. What happens next?

The economy added 195,000 jobs in June, a strong showing that beat analysts' expectations. Steady job growth is good news, but it means that higher interest rates and an easing of Federal Reserve bond buying could come sooner rather than later, putting investors on edge. 

Chapter & Verse George Packer talks about the 'unwinding' of America

George Packer discusses his new book, 'The Unwinding: An Inner History of the New America' – a country no longer assumed to be a global leader, even as its internal economic gulf widens.

Can Microsoft's Xbox head save Zynga?

Zynga brings in head of Microsoft's Xbox business to replace founder Mark Pincus. Smart move?

Stocks in tailspin as China adds to Federal Reserve worries

Stocks plunged Thursday continuing the flight from stocks and bonds as traders reacted to news that the Federal Reserve could end its massive bond-buying program. A slowdown in Chinese manufacturing added to Wall Street's worries.

The Simple Dollar Looking at frugality as an investment

Many people think that investing money will bring more income back to their household than being frugal. Hamm says that, with most Americans living paycheck to paycheck, it's worth considering the opposite: a focus on frugality could bring greater returns to your family.

Chapter & Verse 'Wolf of Wall Street' trailer shows Leonardo DiCaprio as an amoral stockbroker (+ video)

'Wolf of Wall Street' is based on a memoir by Jordan Belfort.

Tax VOX Tax reform hits a political wall

If Congress is going to reform the tax code, it will take an enormous amount of hard work and a lot of luck. But right now, tax reform just can't catch a break. 

Robert Reich Powerful and unaccountable: NSA – and Wall Street

Robert Reich Wanted: A national economic strategy for better jobs

Jobs are returning slowly — too slowly — and most of them pay less than the jobs that were lost in the economic recession, Reich argues. The US needs to implement national economic strategies to build good jobs.

Stocks drop on choppy day for Wall Street

Stocks fell Tuesday on concerns that central banks will pull back from support for the global economy. Stocks began sliding from the opening bell, trailing markets in Asia and Europe.

Another credit-rating downgrade for US? Less than 1 in 3 risk, says S&P. (+video)

Federal deficits are falling faster than expected, leading S&P to upgrade its economic outlook for the US. That's good news for the country's credit rating.

The Reformed Broker For investors, a moment of optimism

Although the recession is still on the forefront of many investors' minds, Brown says Wall Street is optimistic. The relative stability of asset markets, rise within market charts, and growing compensation of advisors has brought a welcome change in atmosphere to the floor.

Stocks respond well to bad economic news

Stocks rose Monday on hopes that the Federal Reserve will continue to stimulate the economy and support a rally in stocks. Weak economic reports helped convince investors that the Fed will hold off from slowing down its $85 billion bond-buying program.

Jamie Dimon scores big win in bank shareholder vote

Jamie Dimon's chairmanship of JPMorgan Chase easily survived a vote from the bank's shareholders Tuesday. The vote was a major victory for Dimon, but shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members.

ESPN layoffs: Trying to 'manage costs,' cable sports giant cuts jobs

ESPN layoffs: An unspecified number of staffers at the Bristol, Connecticut-based cable sports network are expected to be let go. The ESPN layoffs are the latest in the Disney entertainment family.

Stocks mixed in slow start to week

Stocks fluctuated between small gains and losses on Wall Street for most of Monday. Small-company stocks are doing well because they are less exposed to recession-plagued Europe than the large international stocks that make up the Dow and the S&P 500 index.

The New Economy Yahoo-Tumblr deal: a bold and risky purchase (+video)

If CEO Marissa Mayer can make her $1.1 billion acquisition of Tumblr work, Yahoo's prospects will brighten. But Yahoo-Tumblr are very different companies with audiences that don't match up well.

Robert Reich How corporations pressure government into tax breaks and subsidies

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their US profits abroad as they can, Reich writes, while telling Washington that lower corporate taxes are necessary in order to keep the US 'competitive.'

Modern Parenthood Kirstie Alley slams Abercrombie (+video): Moms, will you be shopping there?

Kirstie Alley slams Abercrombie & Fitch about their skinny 'look,' and refusal to sell clothes for consumers over size 10. But the company has weathered criticism before. Will Kirstie Alley's slam make a difference? 

Stocks rise despite manufacturing slowdown

Stocks nudged to all-time highs on Wall Street Wednesday despite disappointing economic reports. News of a manufacturing slowdown weighed on stocks early on, but the stock market recovered by midday.

Pop-Tarts' new flavors: Will they woo adults?

Pop-Tarts' new flavors may be part of the Kellogg corporation's efforts to win back adults, who have drifted away from the breakfast market, by piling on the nutrition.