One reason the virtual currency has been soaring could be that figuring out how to profit from its fall is tough.
FORTUNE -- Can you bet on the likely eventual bitcoin crash?
You bet. But it's an expensive trade. And even if you're right, you won't walk away with much, if anything.
The traditional way you bet against something is to "short it." But in order to do a short sale you have MOREStephen Gandel, senior editor - Dec 5, 2013 1:12 PM ET
Federal Reserve's big bank stress tests go secretive.
FORTUNE -- Goldman Sachs and JPMorgan Chase pose no threat the economy. How do we know? Beats me.
Late Monday, the Federal Reserve said that the two giant banks had officially passed their annual stress tests. The actual tests, which are supposed to assess whether the nation's biggest banks could survive another financial crisis, were conducted late last year. The results were initially MOREStephen Gandel, senior editor - Dec 2, 2013 5:41 PM ET
A new study refutes the idea that a "global savings glut" caused the financial crisis.
FORTUNE -- You would think that having an extra $70 trillion dollars lying around would be a good thing. But then NPR had to go and ruin that.
Back in mid-2008, when the financial crisis was still gaining its legs, the popular radio show This American Life, which is broadcast on National Public Radio, aired an episode MOREStephen Gandel, senior editor - Dec 2, 2013 1:06 PM ET
Where are the bankers involved with JPMorgan's dubious mortgage deals? At JPMorgan, Goldman Sachs, and other Wall Street firms.Stephen Gandel, senior editor - Nov 27, 2013 5:00 AM ET
Stephen Cutler says bank regulations and fines are getting out of control.
Clarification: 11/22, 5:40 PM
FORTUNE -- Apparently, JPMorgan Chase's top lawyer has some hurt feelings over his bank's recent $13 billion fine.
Stephen Cutler, speaking Friday morning at an industry conference, fired back at the government and said that the regulation of banks is spiraling out of control. He said regulators are wasting taxpayers' resources by piling on infractions and issuing MOREStephen Gandel, senior editor - Nov 22, 2013 2:39 PM ET
A pair of moves by the Internet giant proves complicated financial transactions are still alive and well.
FORTUNE -- Wall Street deals haven't gotten any less convoluted since the financial crisis. We got some more evidence of that this week.
On Tuesday night, Yahoo announced it was raising $1 billion and at the same time buying back $5 billion worth of its own stock. Reporters covering the deal focused on the MOREStephen Gandel, senior editor - Nov 22, 2013 7:00 AM ET
Recent settlements with SAC and JPMorgan are shielding the firms from lawsuits.
FORTUNE -- Justice continues to come with slightly less pain for Wall Streeters.
The most recent evidence of this phenomenon comes from the government's prosecution of hedge-fund billionaire Steven Cohen. Earlier this month, Cohen's firm SAC Capital pled guilty to insider trading charges. U.S. prosecutors have called SAC a criminal enterprise, and the firm is paying the largest fine related MOREStephen Gandel, senior editor - Nov 20, 2013 5:00 AM ET
The market is up, but Wall Street has less to be excited about now.
FORTUNE -- The stock market probably isn't in a bubble, but there's a bigger risk you need to consider: That buying now will mean much lower returns over the next few years.
The valuation on the S&P 500 is still reasonable enough – a P/E of 16.6, based on trailing earnings, which is only slightly higher than average.
That's MOREStephen Gandel, senior editor - Nov 19, 2013 5:00 AM ET
Which finance exec deserves a tip of the hat for 2013? Fortune's Stephen Gandel offers his picks. Tell us what you think.Stephen Gandel, senior editor - Nov 18, 2013 11:39 AM ET
I took to the Twittersphere to defend my article on Wal-Mart's pay problem.
FORTUNE -- Earlier this week, I wrote an article saying Wal-Mart could afford to significantly increase what it pays its employees.
My basic argument: Wal-Mart, like all companies, has to split up the money it generates between investors, lenders, and workers. And when you take a look at where shares of Wal-Mart (WMT) are trading, it seems to imply MOREStephen Gandel, senior editor - Nov 15, 2013 4:40 PM ET
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