Mark Gimein is Companies and Markets editor at Bloomberg.com, and lead writer for the Market Now blog and newsletter. He is a journalist with 15 years of experience covering the economy, and two time winner of Business Journalist of the Year awards.
Photographer: Andrew Harrer/Bloomberg
Senator Carl Levin at the Senate Permanent Subcommittee on Investigations hearing on the JPMorgan Chase & Co. "whale trades."
The U.S. Senate report on JPMorgan's $6.2 billion loss makes it clear that Bruno Iksil, aka the London Whale, wasn't just anxious about his position long before it became public. Despondent and terrified is more like it.
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The National Council Chamber in the Federal Palace, Bern. Swiss legislators now must work out how to implement the 'rip-off' resolution.
In his new book Thinking, Fast and Slow, the Nobel-winning psychologist Daniel Kahneman, demonstrates how when people are confronted with difficult questions, they tend to get around them by answering easier ones. You can't find a better example than the...
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Photographer: Dmitry Beliakov/Bloomberg News.
Chief executives tend be optimistic about high they can lift their companies.
Virtually all CEOs believe that they are the best stewards of investors' money. Not all of them are. Over the long run, even insanely great companies slow down -- and the long term aging process isn't always pretty.
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Photographer: Alessia Pierdomenico/Bloomberg
Beppe Grillo, comedian-turned-politician, during an election campaign rally.
There may be no clear winner in Italy’s election so far, but it’s not too early to declare a loser: austerity. That wouldn’t have been a big surprise to Monti 1.0, who came in with no plans to run again....
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Photographer: Price Chambers/Bloomberg
Mountain ranges like the Grand Tetons took millennia to grow to their present size. Wall Street bonuses? More like 25 years.
The average New York City securities industry bonus went up eight percent last year, to $121,890. Surprised? Didn't think so. Wall Street has been climbing for 25 years. The chart here shows you why.
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Carlyle Group LP, the second-largest U.S. private-equity company, fell close to eight percent yesterday as earnings missed estimates. That makes for only a slight dent in a performance over the last year that has markedly outrun the S&P 500 index....
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Photograph by Hans Neleman
Techno-utopians have long heralded a future industry that deals purely with intellectual property. We're now a little bit closer.
ARM marks the first big success for a "chipless chip company," built around licensing intellectual property. It's an idea beloved by techno-utopians that in real is difficult to execute.
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Photograph by Christian Heeb/laif/Redux
The San Remo apartment building, on New York's Upper West Side.
In 1940, the most expensive apartment in the San Remo, the Art Deco masterpiece looking out over Central Park, rented for $900 a month. A more typical price was $540. Now an apartment there lists for $29,750 a month, a...
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Photographer: Daniel Acker/Bloomberg
If the market has animal spirits, they are nuzzling up to Mark Zuckerberg. After a 79 percent drop in profit, Facebook's shares ended the day down less than one percent.
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Photographer: David Calvert/Bloomberg
The tracks in the Nevada snow? Underwater homeowners walking away from their homes.
Under new rules, Fannie and Freddie won't try to collect "deficiency judgement," pursuing home owners for the remaining debt on houses they've walked away from. Sounds like a generous move. It's not.
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