Already at record levels, corporate profits aren't likely to boost the S&P 500.Shawn Tully, senior editor-at-large - Jan 13, 2014 5:00 AM ET
To avoid getting squeezed by the Affordable Care Act, the Children's Hospital of Philadelphia is marketing itself globally and has begun doubling as a venture capital firm.
FORTUNE -- It's well known that America's hospitals are hurting. And that's before the Affordable Care Act starts clamping tight limits on their fees. But hospitals can still thrive if they can apply classic practices from the private sector—everything from offering high-margin, specialized services MOREShawn Tully, senior editor-at-large - Nov 18, 2013 1:25 PM ET
The New York Times columnist argues that the country's leaders have charted a brave path to prosperity. But the very policies he praises are hobbling the French economy.
FORTUNE -- While living in Paris as Fortune's bureau chief for eight years in the 1980s, I wrote a piece on a prominent CEO (or PDG en Francais) who liked to skewer his nation's philosophy of business. "The British had the industrial revolution," quipped MOREShawn Tully, senior editor-at-large - Nov 12, 2013 12:24 PM ET
How much will Twitter have to make in profits to pay for the $1 billion it left on the table?
FORTUNE -- Twitter's debut as a public company stunningly illustrates that two of the most baffling customs in the investment business are back in full force. Both are hallmarks of frothy markets that typically retreat in tough times. The first is Wall Street's preferred IPO process that enriches the banks and MOREShawn Tully, senior editor-at-large - Nov 8, 2013 12:52 PM ET
Greece's ills and growing imbalances between Northern and Southern Europe prompt Robert Aliber to make a surprising about-face.
FORTUNE -- We're hearing a lot of talk these days about how Europe is staging a modest recovery that's sufficient to save the euro. So I was surprised when one of the top international economists of the past four decades, and a former euro-fan, told me that he's changed his view. "The chances MOREShawn Tully, senior editor-at-large - Nov 4, 2013 5:00 AM ET
What the sizzle at some legendary chophouses says about the New York economy -- and maybe the nation's, too.
FORTUNE -- To gauge the striking revival in the Big Apple's economy, you could pick from a wide variety of statistics or symbols, from the ascending graph of Manhattan coop prices to the throngs of foreign tourists packing the 7 subway line to the U.S. Open. We modestly suggest a more telling MOREShawn Tully, senior editor-at-large - Sep 6, 2013 5:00 AM ET
What a rigorous metric called "EVA" says about the value of stocks. Hint: it ain't pretty.
FORTUNE -- Forget P/Es. Trailing, forward, westward, or eastward, the venerable price-earnings ratio tells you little more about the value of a company than its marketing budget. Or (ugh!) its "consensus analyst rating."
The best measure of how companies perform for shareholders is a wonkish tool called Economic Value Added, or EVA. The advantage of EVA is MOREShawn Tully, senior editor-at-large - Aug 19, 2013 8:51 AM ET
A stunning government report says the U.S. economy has gone through a frightening structural change since the recession: a reduction in our capacity to grow. Here's what we need to do to turn things around.
By Shawn Tully, senior editor-at-large
FORTUNE -- A wonder of America is that, after every downturn, the economy inevitably regains its old, formidable growth trajectory. In good times, the U.S. expands its output faster than any MOREAug 15, 2013 8:00 AM ET
The Fed wants to keep long-term yields depressed, but its policies are riddling the market with risk.
FORTUNE -- Last Wednesday, at a conference in Cambridge, Mass., Ben Bernanke sought to clarify the statements that shocked the markets just three weeks earlier. This time, the Federal Reserve Chairman reassured his vast, anxious audience that his pledge to start shrinking the Fed's $85 billion in monthly purchases of long-term bonds, the latest MOREShawn Tully, senior editor-at-large - Jul 16, 2013 8:00 AM ET
Congress isn't likely to privatize the mortgage finance giants, so some hedge funds are turning to Plan B: suing the government.
For the past couple of years, a group of America's smartest investors have been betting big on Fannie Mae and Freddie Mac. The adventurous crew include John Paulson's Paulson & Co., Bruce Berkowitz of Fairholme Capital, and Richard Perry of Perry Capital. Their strategy is to exploit the remarkable revival of MOREShawn Tully, senior editor-at-large - Jul 8, 2013 1:19 PM ET
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