Hedge fund billionaire Paul Tudor Jones is making headlines after talking about “baby’s lips on a girl’s bosom” as a career-stunting “killer” for female Wall Street traders. Speaking at a symposium, he went on to discuss why he thinks being a mother makes it more difficult to become a successful trader in an ultra-competitive and male-dominated field. Tudor Jones made the controversial comments last month at a University of Virginia panel that was not supposed to be reported on or recorded.
During the financial crisis, JP Morgan Chairman and CEO Jamie Dimon was the golden boy of Wall Street.
The U.S. is home to some of the greatest colleges and universities in the world.
It's May again, so that means you can't turn on financial TV without being bombarded with advice to dump all your stocks until the end of the summer when it's safe to buy them again. This advice, "Sell in May and go away," is based on analyses of average market performance by month over the past 50 years. Related: Dow 15,000: 'Sometimes a Bullish Market Is Just a Bullish Market' As you would expect (based on the aphorism), and as you can see in this char t, May has tended to be a weak month for stock performance, though stocks have still delivered a positive return in the month
T. Boone Pickens, the billionaire founder, chairman and CEO of hedge fund BP Capital, may be one of the most outspoken insiders in the energy industry. Never one to shy away from controversy, Pickens eagerly discussed “fracking,” Oklahoma earthquakes and his decision to get out of wind energy in an interview at the Milken Institute Global Conference 2013.
By Michael Santoli The Dow Jones Industrial Average jumped above 15,000 for the first time in its long history Friday morning on the strength of a thousand fears going unrealized. The employment report for April — showing a greater-than-forecast 165,000 new jobs and an unemployment rate slipping down to 7.5% — was just the latest bit of economic news that looked merely OK but was good enough to allay widespread anxiety that the U.S.
The BRICs? So yesterday. China?
Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, a non-profit organization committed to analyzing and influencing fiscal policy, says the next five months are critical for budget reform. In an interview at the Milken Institute's 2013 Global Conference, MacGuineas argues that Washington needs to replace the sequester with a bigger debt deal – one that tackles the “real problem areas of the budget” such as health care, aging and an outdated tax code
An estimated 11 million immigrants are living illegally in the U.S. That could change if Congress approves immigration reform, now making its way on the Hill. The Senate has a bill developed by a bipartisan group of eight including Republican John McCain of Arizona and Democrat Michael Bennett of Colorado that would put undocumented immigrants on a 13-year path to U.S
Housing data out this week continues to support the case that a recovery is in the making. Home prices jumped 8.6% and 9.3% since February 2012, according to the latest reading of the S&P/Case-Shiller Home Price Index for its 10- and 20-city composites. Those are the biggest gains since 2006