JPMorgan Faces Federal Probe Over Energy Trading 'Schemes'
The latest federal inquiry to focus on JPMorgan Chase bears uncomfortable similarities to one of the most notorious chapters in U.S. business history: the Enron scandal.
The latest federal inquiry to focus on JPMorgan Chase bears uncomfortable similarities to one of the most notorious chapters in U.S. business history: the Enron scandal.
Everyone grumbles about their elected officials, and how they could write a better budget in their sleep. Fairfax County, Virgina, is letting its residents give it a shot.
A multimillionaire's op-ed about cutting back offers a useful perspective -- even for those who no longer have a choice about whether or not to economize.
Al Gore already has won a Nobel Peace Prize, an Oscar and a presidential popular vote. Now, he's won the mergers-and-acquisitions lottery, too. When Al Jazeera cuts its check to buy failed progressive media outlet Current TV, Gore's 20 percent stake looks like it'll be worth $100 million.
America's flagship newspaper reaches across the pond for a chief executive who can engineer its turnaround. Will the former head of the BBC be able to make the Timesturn a profit?
The New York Times Co. finally has its new CEO, but picking BBC Director General Mark Thompson for the top job doesn't address the litany of lingering issues that surround print journalism in general and the Times in particular.
Sometimes, companies that were once leaders fall hopelessly behind. They may struggle on for years, but their chances to engineer turnarounds have passed. 24/7 Wall St. has found nine of these companies -- names you know well, but that will never be great again.
When influential bank analyst Richard X. Bove got fed up with Wells Fargo as a customer, he moved his money over to Chase, then turned the experience into a research note. His startling conclusion: "[T]he service is so bad, and yet the company is so good."
The U.S. may be the "land of opportunity," but Canadians are making out better. In the past five years, the net worth of Canadian households has surpassed that of their American counterparts for the first time. And the reasons why will be as depressing for Americans as the news itself.
No matter how many times you read about the numerous financial challenges women face, nothing drives a point home like putting it into black-and-white dollar terms. Shocked by that $849,000 number? Here's a rundown of the details.
A late recovery on Wall Street wiped out most of the stock market's losses Thursday, leaving the Dow Jones industrial average down just 25 points. The Dow had been down as much as 177 points but came back sharply at the end of the day.
JPMorgan Chase & Co is under renewed scrutiny in the wake of a The New York Times report that losses from a bungled credit-derivatives trade could be as much as $9 billion, much more than earlier estimated.
In theory, private school scholarship laws in Georgia and several other states let people redirect their tax dollars to help educate poor children. Instead, some private schools are just using the money to discount tuition for their current privileged students.
JPMorgan Chase's rapid $2 billion trading loss reportedly involved credit default swaps -- the same investments that played such a large role in the financial crisis. Here's why credit default swaps still pose such a threat to the U.S. economy.
It's widely known that millionaires and billionaires pay taxes at a lower rate than those of us who make much less. But did you know that Americans collectively pay far higher income tax rates than many U.S. companies with billions of dollars in profits?














