Why is Steven A, Cohen’s SAC such a tempting target for prosecutors? Yes, Cohen is well known and successful; so are other fund managers. The difference is that we have a pretty good idea of roughly what other successful fund...

In less than a decade, factory wages in China have probably more than tripled. To imagine the effects of that, think of how different the U.S. would be if average $15.61 ffactory wage of 10 years ago now rose to...

Cyprus no longer has a problem of how to raise $5.8 billion to fund a bank bailout. It has a problem of what to do when most of Cyprus's bank deposits leave the country.

The most recent permutation of the euro crisis seems to have enlivened a renewed interest in Bitcoin, the artificial "currency." Unfortunately it's missing the most essential aspect of money: it's not useful for buying anything. Bitcoin's rise as a...

Prices for top wines are off 20 percent from their peak. Think that means the bubble's over? Don't count on it. Rarely is the first sharp descent the true end of a bubble.

There seems to be no shortage of folks willing to provide money to invest in a housing upturn. Only one thing is missing here: individual home buyers. Fewer people are taking out residential purchase loans now than at any time...

The only people who don't seem to hate the plan are those who are just left speechless. Still there's a case to be made that (a) for most Cypriots it beats the alternatives and (b) a devastating run on the...

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.

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...

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.