Social media is changing the way in which companies interact with customers, says Henry Mance.
By Justin Maiman America has a long tradition of embracing thrift.
Who would have thought that Fannie Mae (FNMA) , once the recipient of $116 billion in government bailout funds, would one day be the reason the government could delay its debt ceiling deadline by almost four months? U.S. Treasury Secretary Jack Lew told CNBC Friday that a one-time payment of $59.4 billion from Fannie Mae pushes back the debt ceiling deadline effectively from May 19 “until at least Labor Day,” which falls on September 2
With first quarter numbers out and talk once again turning to a sale of the government's stake in bailed-out bank RBS, Lex's Vincent Boland and Oliver Ralph discuss whether conditions are right for the sell-off to begin. For more video content from the Financial Times, visit http://www.FT.com/video
The U.S. Treasury this week announced plans to retire $35 billion in notes , the first time the government has paid down debt since 2007. It’s a significant milestone for Treasury and $35 billion is a lot of money for mere mortals, but barely a drop in the $16.7 trillion bucket of our nation’s debt.
The United States government has had two years to head off automatic "sequester" spending cuts that most people agreed were unnecessary and almost everyone hated. But these days, the government doesn't do anything unless public anger hits such a state of fervor that Congress -- people actually begin to fear for their jobs.
The U.S. economy may be hitting another "spring swoon," the same way it has for the past several years. A slowdown from the economy's already slow rate of growth would not be surprising given the impact of the "sequester" and tax increases that went into effect earlier this year
Goldman Sachs ( GS ) is the latest big bank to report earnings, and the firm beat analyst expectations today. Goldman reported gains in the bank’s debt and equity underwriting for the last quarter. Now, nowhere did Goldman tell investors that they are benefiting from an “implicit bailout guarantee.” But when it comes to the nation’s biggest banks, the notion that this guarantee exists may be one of the assumptions investors continue to make.
The Dow and S&P 500 seem unstoppable, reaching high after high. Jobs are slowly but surely coming back, and some estimate that the first quarter GDP will be as high as 4%
A Eurozone deal may have been reached Monday to save Cyprus, but the saga is not over. Not in Cyprus where banks remain closed for fear of a run