How did two hedge funds that have fewer than 100 employees each make as much money as Apple Inc., which relies on the hard work of its nearly 30,000 U.S. employees and an additional 700,000 workers and contractors globally?
Wall Street protesters joined progressive and community groups Tuesday on a march to the homes of several New York City billionaires to demand that Gov. Andrew Cuomo and state lawmakers extend a surcharge tax on the state’s wealthiest residents, and New York City physician Bertha Bauer stands with them. (more)
On Wednesday, a day after Goldman Sachs stock took a dip as the SEC’s lawsuit against the financial giant loomed large, The Wall Street Journal suggested that Goldman could catch a break in the case ... (continued)
Goldman Sachs has demonstrated a remarkable ability to keep pulling in the profits—and bestowing bonuses on company execs—regardless of the state of the global economy, and despite what the bank might have done to damage it in the first place. On Tuesday ... (continued)