Elizabeth Macdonald Archive
Published September 16, 2013
It’s time to get the markets back to relying on forward guidance from companies on earnings, and not the Federal Reserve’s forward guidance on its extraordinary policies in place for five years now.
Published September 13, 2013
On top of multiple regulatory probes, JPMorgan Chase is strengthening internal controls and oversight in order to win Fed approval on capital plans.
Published September 11, 2013
Citigroup plans to lay off about 2,200 workers within its mortgage business by early 2014, as rising mortgage rates hurt mortgage lending and refinancings.
Published September 10, 2013
The changes, which will take effect Sept. 23, reflect the companies' sliding fortunes and their declining share prices.
Published September 05, 2013
A Wal-Mart activist group is saying the New York Police Dept. has arrested three Wal-Mart protesters in New York Thursday.
Published September 04, 2013
Goldman Sachs (NYSE:GS) and other Wall Street firms now say that a "yes" vote to strike Syria means that Congress will approve a “temporary” extension of spending authority, the GOP will not be able to shut down the government over health reform, and Congress could soften sequestration cuts.
Published August 27, 2013
Mortgage rates hit historic lows last May, and people rushed to refinance. The fear is a mortgage rate spike higher could freeze over refinancing and the housing market, and even cause layoffs at banks.
Published August 26, 2013
Exclusive: Billionaire Donald Trump is battling back against the $40 million suit brought by N.Y. State Attorney General Schneiderman.
Published August 21, 2013
Part-time work accounted for a whopping 77% of the jobs the U.S. economy created from January through July, according to household survey data from the Bureau of Labor Statistics.
Published August 13, 2013
Congress and their staffs panicked and quickly got the Administration to alter the new health-care law when they didn’t like what they found.