It's quiet out there; too quiet. But if you were watching carefully this morning, everyone's favorite government-subsidized bank - Citigroup - flash-crashed to the tune of a $1.2bn market-cap loss in a fraction under 100 milliseconds.
Oil prices fell Monday as Tropical Storm Isaac threatened oil and gas operations in the US Gulf of Mexico, forcing refinery shutdowns that lowered demand for crude.
The Fed has abused the trust of US citizens and is not a dependable institution ... Wait! Fed chairman Ben Bernanke has been doing a great job and ought to be re-elected.
Leading water scientists have issued one of the sternest warnings yet about global food supplies, saying that the world’s population may have to switch almost completely to a vegetarian diet over the next 40 years to avoid catastrophic shortages.
It’s beginning to look a lot like a big season in the United States for mobile gadgets, with the still-rumored launch by Apple in September of a new iPhone, expected to ignite fresh growth in the smartphone market in the US and worldwide.
Yesterday, BofA's top North America economist Ethan Harris penned a bearish note on the the U.S. economy, writing that it "is in the eye of the storm" and that a number of troubling headwinds loom on the horizon.
Minutes of the last meeting of the Federal Reserve reveal that many board members see the need for additional monetary action “fairly soon” to boost the pace of economic recovery.
Spam may or may not be a better investment than gold (tip: it isn't, and only those for whom the only solution to a record debt crisis is more debt can claim otherwise), but some things are certain: it is edible, it is cheap and it can be stored inde
Top officials of the Federal Reserve are leaning strongly toward a third round of bond buying by the Fed, known colloquially as QE3, according to the minutes of the Aug. 1 meeting of the Federal Open Market Committee.
Treasury Secretary Geithner and other top regulators were given sweeping powers after the 2008 financial crisis that would allow them to force new rules on money market funds, a popular type of mutual fund that has taken some of the blame for the cri
A very large segment of the population has figured out that it can use voting as a tool to get more money and benefits from the government, and that is a very dangerous thing.
Generation Opportunity, a right-leaning group that polls youth voter sentiment, is out with a new survey this morning that reveals some troubling insight into how young Americans feel about the state of the economy.
CNBC's Jim Cramer went on an epic rant last night about Facebook director, and early investor, Peter Thiel's decision to dump the majority of his stake in the company.
The US economy will hurtle into a recession if Congress fails to avert a series of tax increases and budget cuts, the Congressional Budget Office said, warning a fiscal impasse would have consequences even more dire than previously forecast.
Berkshire Hathaway Inc. terminated a large wager on the municipal-bond market five years early, the Wall Street Journal quoted a person familiar with the transaction as saying.
Wall Street's biggest bears and doomsayers will make appearances in The Bubble, a new documentary on the financial crisis based on the New York Times bestseller Meltdown.
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