Goldman Sachs economists say it is now a close call on whether the Federal Reserve raises rates for the first time in September, as the firm had forecast, or in December.
The largest hedge fund firm in the world has made a killing this year by correctly predicting two big trends: the continued decline of the euro and a delay in increasing U.S. interest rates.
The Securities and Exchange Commission announced fraud charges against former NFL player Will Allen and a business partner, accusing them of operating a $31 million Ponzi scheme.
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Worldwide M&A up 25%, strongest first quarter for deal making since 2007
Merrill Lynch’s Thundering Herd is having a huge crisis of confidence.
The Wall Street rumour mill is working overtime.
Credit Suisse will stop publishing research that previews companies’ financial results in Japan after the securities watchdog found that its local securities unit leaked information about a company’s earnings.
Centrica will cut 3,000 jobs this year as the group, which owns British Gas, reduces costs to shore up its financial position.
All is calm.