Think the latest GDP numbers are bad? Just wait until the stiffs who punch the clock for Uncle Sam have their paychecks in limbo if no resolution on the debt ceiling is reached.
By Tory Newmyer, writer
FORTUNE -- The austerity consensus among policymakers in the debt ceiling debate has ensured that the federal workforce will face cuts -- just how much is still unknown. And as soon as next week, government employees MORE
Jul 29, 2011 12:37 PM ET
Even when a compromise is reached, the current bills proposed to lower the deficit are merely covering up long-term budget deficit issues that will need to be addressed again in the next 12 to 18 months.
By Daryl G. Jones, Hedgeye
Discussion of the debt ceiling debate has become the one of the most overhyped factors in global markets and it is a little depressing to analyze the political shenanigans going on in MORE
Jul 29, 2011 11:14 AM ET
The business lobby has entered the debt ceiling debate at the 11th hour with only a whimper, considering the stakes of a default for corporations.
By Tory Newmyer, writer
John Boehner
FORTUNE -- If the specter of a default has spooked corporate America, you wouldn't know it by watching their hired guns in Washington over the last several weeks.
Aside from sending a handful of letters urging Congress to act, the big business MORE
Jul 28, 2011 11:25 AM ET
After default, emergency restructuring was needed to satisfy lenders.
Malcolm's sons (from left): Timothy, Christopher, Robert, and Steve in 1993
FORTUNE -- The Forbes family has poked itself in the eye with its "capitalist tool."
Like many publishers, Forbes Media has struggled during the financial crisis. But according to nonpublic documents made available to Fortune, the company has been under more financial strain than previously believed. Forbes Media violated covenants on a MORE
Katie Benner - Jul 28, 2011 5:00 AM ET
George Soros is a victim of Dodd-Frank? Please. Instead of scaling back the rules, let's expand them -- and regulate his $25 billion family office.
Image via Wikipedia
FORTUNE -- Poor George Soros. Regulations have forced the swashbuckling hedge fund manager to return money to investors, shutter his hedge fund, and turn his fearsome investment operation into a mere "family office." What's the guy going to do for fun anymore?
Yesterday, Soros' MORE
Duff McDonald, Contributing Editor - Jul 27, 2011 3:16 PM ET
Moody's expects to downgrade five states if the debt ceiling isn't raised. How these states — most led by Republicans — became totally dependent on federal dollars.
Virginia won't welcome a downgrade.
FORTUNE – Tensions are boiling over in Washington as U.S. lawmakers negotiate a plan to raise the $14.3 trillion debt limit. With an Aug. 2 deadline fast approaching, the U.S. government is nowhere close to forging a deal -- MORE
Nin-Hai Tseng, writer-reporter - Jul 27, 2011 10:54 AM ET
Add stagnant wages to a list of woes hitting American families struggling for a life that was better than their parents had.
FORTUNE -- A key tenet of the American Dream is that each generation will do better than the last. That principle was severely shaken by the Great Recession. Most of the blame rested on the housing crisis, which forced families out of homes they couldn't afford. Now a new MORE
Nin-Hai Tseng, writer-reporter - Jul 26, 2011 12:26 PM ETThe Dunkin' Donuts IPO is expected to be hot. But like a sugar high, Dunkin's price could crash hard after the euphoria of the first bite wears off.
By Cyrus Sanati, contributor
Update 6:15pm: Dunkin' Donuts shares priced at $19, above their price range of $16 to $18.
FORTUNE -- America may run on Dunkin', but investors may want to run away from Dunkin' Brands when the private equity-backed company goes public on MORE
Jul 26, 2011 12:11 PM ETSigns of Bubble 2.0 may be all around us, but MBAs seeking employment at big consumer tech companies isn't one of them.
By Alex Taussig, contributor
(I originally published this at my blog infinitetoventure.com. Go check it out!)
Last week, the Wall Street Journal raised alarm bells by reporting that 5 of the top 10 desired employers of MBAs this year are consumer technology companies. Long-standing service firms like McKinsey, Bain, BCG, Goldman Sachs (GS), MORE
Jul 26, 2011 9:58 AM ET
The Bank of America settlement isn't enough for some burned mortgage investors. Now a group of them wants the big banks to clean up their acts, or else face another lawsuit.
By Abigail Field, contributor
FORTUNE -- Investors in mortgage-backed securities who got cleaned out during the housing bust aren't going to take their losses lying down. The first act of investor revolt was organized by Kathy Patrick, a little-known litigator who MORE
Jul 26, 2011 9:43 AM ET
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| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 12.26 | -0.47 | -3.73% |
| Bank of America Corp... | 7.25 | -0.05 | -0.68% |
| Frontier Communicati... | 4.23 | -0.24 | -5.46% |
| Juniper Networks Inc... | 21.67 | -0.70 | -3.13% |
| Cisco Systems Inc | 19.55 | -0.28 | -1.41% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,644.45 | -90.18 | -0.71% |
| Nasdaq | 2,808.60 | 3.32 | 0.12% |
| S&P 500 | 1,313.15 | -5.28 | -0.40% |
| Treasuries | 1.92 | -0.01 | -0.36% |
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