Category: Markets

Eight Ways To Protect Your Finances From A Fiscal Cliff Fall

Eight Ways To Protect Your Finances From A Fiscal Cliff Fall

  Cliff jumping in Busan, South Korea. (Wikipedia) Even if President Barack Obama and Congressional leaders somehow manage to patch together a last minute deal to avoid going over the “fiscal cliff” on New...

Washington Killed Christmas for Retailers (Or So I Like to Say)

Washington Killed Christmas for Retailers (Or So I Like to Say)

From all accounts this was supposed to be a very merry Christmas for retailers, with projections of year over year sales growth ranging between 3 to 4%. Instead, electronics, clothing, jewelry and home goods...

Fiscal Cliff Update: Obama Smartly Shortens Vacation To Resume Talks

Fiscal Cliff Update: Obama Smartly Shortens Vacation To Resume Talks

President Obama will soon renew work on a fiscal cliff resolution, cutting short the first family’s trip to Hawaii, commander in chief’s birthplace. The president may leave as early as this morning. Congress, meanwhile, is...

Clock ticking on mortgage tax break for struggling homeowners

Clock ticking on mortgage tax break for struggling homeowners

A tax break that has saved struggling homeowners from paying thousands of dollars to the IRS is just days away from expiring. If the Mortgage Forgiveness Debt Relief Act of 2007 does not get...

Diesel Jeans Mogul Renzo Rosso Joins Ranks Of Forbes Billionaires

Diesel Jeans Mogul Renzo Rosso Joins Ranks Of Forbes Billionaires

      Blue jeans may be an American invention, but 57-year-old Italian entrepreneur Renzo Rosso has built a global empire by turning jeans into high-end fashion.  In turn, he’s earned a spot on...

Uncle Sam Wants You To Design His Next Fighting Vehicle

Uncle Sam Wants You To Design His Next Fighting Vehicle

      The United States Department of Defense wants members of the public to unleash their inner Tony Stark and help design a new amphibious infantry vehicle. And they’ll pay you a million...

LIBOR Scandal: Yep, It’s as Bad as We Thought

LIBOR Scandal: Yep, It’s as Bad as We Thought

When the LIBOR interest-rate fixing scandal broke wide open over the summer, I asked whether it was “The Crime of the Century.”The answer to that question relied on whether banks were understating their LIBOR...

Why the New York Stock Exchange Sold Out to a Upstart You’ve Never Heard Of

Why the New York Stock Exchange Sold Out to a Upstart You’ve Never Heard Of

The recent history of the New York Stock Exchange (NYSE) is interesting in part because it’s an illustration of how disruptive new technology can be. Twenty years ago the NYSE and it’s relatively young...

Merck Niacin Drug Failure Could Have Broad Repercussions

Merck Niacin Drug Failure Could Have Broad Repercussions

    Merck’s niacin-containing  cholesterol drug, sold under the brand name Tredaptive in Europe but still considered experimental here in the U.S., failed to prevent heart attacks, strokes, and heart procedures in a large...

Billionaire Leon Black’s Big 2012 Private Equity Stock Comeback

Billionaire Leon Black’s Big 2012 Private Equity Stock Comeback

    In March 2009, Leon Black’s Apollo Global Management conducted its long-awaited initial public offering. The IPO priced at $19 a share, raising $565 million, and the stock promptly sunk. It dropped on...