In the Fed's mirror, a stock market bubble is appearing farther away than it may actually be.
Fortune -- At Thursday's confirmation hearing for Janet Yellen, the nominee to be the next Federal Reserve chairman was asked whether she thought there was a bubble in the stock market.
Yellen gave a pretty clear answer: No.
"Stock prices have risen pretty robustly," Yellen said. "But I think that if you look at traditional valuation MOREStephen Gandel, senior editor - Nov 15, 2013 12:04 PM ET
CEO of Goldman Sachs says 2008 and its aftermath made him think about quitting, but ended up making him a better person.
FORTUNE -- Lloyd Blankfein says the financial crisis was, for him, a period of personal growth.
Millions of Americas were facing foreclosure. Many, many more lost their jobs. Blankfein had to face stinging public criticism of his firm.
The Goldman Sachs CEO, speaking at an industry conference on Tuesday, said there MOREStephen Gandel, senior editor - Nov 13, 2013 1:42 PM ET
Manager of world's largest hedge fund says Fed has made the market a risky place to invest.
FORTUNE -- Investors need to get ready for disappointment.
Ray Dalio, who manages the world's largest hedge fund, believes stocks will only return 4% over the next decade. But that might not be bad compared to other assets. Dalio says bond investors will do worse.
The Bridgewater Associates head made the downbeat investment projections on Tuesday MOREStephen Gandel, senior editor - Nov 12, 2013 11:50 AM ET
The world's largest retailer is under fire for its low wages. But the numbers show it can easily pay more without tanking its stock.
FORTUNE -- When a Wal-Mart executive boasted at a Goldman Sachs investor conference in September that 475,000 of the company's U.S. store associates make more than $25,000 -- meaning that a large portion of its 1.4 million workers in the U.S. make less -- a long-simmering debate MOREStephen Gandel, senior editor - Nov 12, 2013 10:27 AM ET
In a new filing, the bank reiterated that it's not worried about future legal expenses.
FORTUNE -- Morgan Stanley is either the cleanest bank on Wall Street, or it's living in denial.
Talk of JPMorgan Chase's $13 billion settlement has dramatically upped the expectations of what banks may pay to put the financial crisis behind them. On Thursday, in a regulatory filing, Goldman Sachs (GS) estimated it may spend $4 billion more MOREStephen Gandel, senior editor - Nov 8, 2013 5:00 AM ET
Twitter's investment bankers are telling their clients one thing while Main Street hears a different story.
FORTUNE -- Once again, Wall Street is telling its top-paying clients one thing, and the rest of us are getting a different story. This time it's the Twitter (TWTR) IPO.
According to the Wall Street Journal, analysts who work for Goldman Sachs (GS) and other banks on the IPO, which raised $1.8 billion, have been privately MOREStephen Gandel, senior editor - Nov 7, 2013 5:00 AM ET
The deal is a bigger loss for SAC, and perhaps the government, than it is for Stephen Cohen.
FORTUNE -- We now have a much bigger number for how much money average investors lose to insider trading. It's at least $1.8 billion.
That's how much money SAC Capital agreed to pay on Monday, along with pleading guilty to the criminal insider trading charges. The question is whether getting to that number, and MOREStephen Gandel, senior editor - Nov 5, 2013 8:58 AM ET
In the Fed's worst case scenario test, the nation's unemployment rate leaps to 11.3%, house prices fall by 25%, and the Dow Jones industrial average plunges nearly 50%.Stephen Gandel, senior editor - Nov 1, 2013 2:18 PM ET
The Wells Fargo wagon is pulling into profit town. It won't stay for long, though.Stephen Gandel, senior editor - Nov 1, 2013 12:43 PM ET
Why is the Justice Department fighting the bank just so it can hand a pile of money to hedge funds?
FORTUNE -- The Justice Department's proposed $13 billion settlement with JPMorgan Chase over mortgage misdeeds has stalled, and the issue appears to be this: Who should pay for WaMu's poo?
The Justice Department says JPMorgan (JPM). JPMorgan says an FDIC trust. The correct answer may not be the one you think.
Here are MOREStephen Gandel, senior editor - Oct 31, 2013 1:58 PM ET
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