The key measure of the US economy was revised from bleh to meh on Tuesday as businesses restocked goods at a stronger pace than first thought, adding to the likelihood of an historic US rate rise next month.
“I have no idea why I was offered a contract with a bonus in it because I promise you I will not work any harder or any less hard in any year, in any day, because someone is going to pay me more or less.”
European banks are sitting on bad debts of €1tn – the equivalent to the GDP of Spain – which is holding back their profitability and ability to lend to high street customers and businesses.
Companies should publish the pay gap between their bosses and their workforce in an effort to shame big business into curbing excessive pay, according to a leading thinktank.
The new chief executive of Rolls-Royce has warned that senior job losses will form part of £200m in annual cost cuts at the British engineering champion.
The firms' strategists forecast the year to end right about where it began, with the S&P 500 stuck at 2,100.
Managers need to slow the bonus process.
'It’s not entirely business as usual'.
Morgan Stanley has hired a team of private-wealth advisers from Credit Suisse who advise on more than $5bn in assets.
The New York attorney general is investigating possible manipulation in foreign-exchange trading, according to a person familiar with the matter, aiming more scrutiny at a market already tainted by scandals that have led to billions of dollars in fines.
Never imagining his dad would trade on the information, former Perella Weinberg Partners investment banker Sean Stewart told his father about his work on a pending merger - but only because he was so busy he thought he might have to postpone his wedding.
Bank of America has hired Izumi Devalier from HSBC as its chief economist for Japan, according to an internal memo obtained by Bloomberg.
When it comes to success, the business magnate says wealth has nothing to do with it.