Finance News

Bar at Il Mulino New York inside the Acqualina

Power Lunch: Il Mulino, a Great Place to Make Multimillion-Dollar Deals

By Eleazar David Melendez |

Il Mulino New York in Sunny Isles Beach serves up a luxurious power lunch scene for real estate brokers trying to close multimillion-dollar deals.

What We Heard, and Didn't, From Yellen's Remarks to Congress

Over two days of testimony to Congress, Federal Reserve Chairwoman Janet Yellen was grilled on everything from the direction of interest rates to the health of the economy to "Audit the Fed" legislation supported by Republicans.

Invesco's Cronin Has SEC Playing Catch-Up on Safe Trading

Kevin Cronin, global head of trading at Invesco Ltd., wasn't going to wait for the U.S. Securities and Exchange Commission to protect his customers.

Gambling Deal 'Enormous, Gargantuan Lift' This Session

By News Service of Florida |

A high-stakes deal with the Seminole Tribe set to expire this summer has lawmakers, pari-mutuel operators and out-of-state casinos wrangling over who gets what as the Legislature is once again poised to consider thorny gambling issues during the session that begins Tuesday.

How an Undocumented Immigrant Became Goldman Sachs Star

Julissa Arce went from selling funnel cakes in Texas to derivatives at Wall Street's most profitable securities firm.

Cushman & Wakefield Actively Seeks Buyer

Cushman & Wakefield Inc., the commercial property brokerage controlled by Italy's Agnelli family, hired Goldman Sachs Group Inc. and Morgan Stanley to find a buyer for the company.

Glenn Straub, developer and owner of the Palm Beach Polo and Country Club

$82 Million Agreed on for Resurrected Revel Sale

Glenn Straub's $82 million contract gives him a discount from the $95.4 million he would have had to pay under a deal killed by the judge.

Unemployment

Comparing the Economy to Last Time Fed Raised Rates

Federal Reserve Chairwoman Janet Yellen capped her remarks on the labor market during her testimony to lawmakers on Capitol Hill, by saying "room for further improvement remains."

Uber iPhone app.

Uber Partners With Starwood, Giving Hotel Points for Rides

Uber is partnering with hotel chain Starwood to give riders a bit more incentive to choose the ride-hailing service over a taxi.

Five Ways Your Financial Adviser Can Screw Up Your Retirement, Legally

Many advisers aren't required to put your interests first, and they don't.

HSBC Offers Apology as CEO Mired in Scandal

HSBC executives offered a fresh mea culpa Monday as its chief executive found himself personally mired in the scandal surrounding allegations that the bank helped wealthy clients dodge taxes.

Coca-Cola Bottler Suspends Operations in Mexican City

Coca-Cola's largest bottler in Mexico has temporarily suspended operations in the capital of the embattled state of Guerrero following attacks on its workers and its trucks.

Obama Calls for Tighter Rules on Retirement Account Brokers

The Obama administration is proposing tougher restrictions on brokers who manage Americans' retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401(k) and other savings accounts.

Yellen Faces Congress Amid Dire Threat to Fed

Chair Janet Yellen testifies before Congress this week with the Federal Reserve facing its gravest political threat since the drafters of the Dodd-Frank act tried to strip it of its supervisory powers.

Banks Hoard $2T of Ultra-Safe Bonds

Despite a growing economy, some banks keep plowing their burgeoning deposits into U.S. government and related debt—pushing the industry's holdings past $2 trillion—instead of lending it all out.