"The capitalist system that we’re all part of has a downturn on average every four to seven years ... everybody knows it's coming."
The request comes amid international uproar over President Trump's announced plan to impost high tariffs on imported steel and aluminum.
Beneath populist pretense and slander, the coming Trump presidency is shaping up as a great monument to the nation’s unelected dictatorship of money. The only real mystery is how far it will deliver on its reactionary promises.
Television commentator Eric Bolling made the mistake in trying to "school" Jon Stewart on the U.S. food stamp program and alleged abuses made by the...
From his earliest days in high finance, J.P. Morgan was a hustler who often traded on the shady side. The bank that survives in his name inherited his pattern of committing multiple crimes and walking away scot-free. The latest? Getting shareholders to pay a banker's $1 billion fine.
Business is clearly good again for the financial institutions that were rescued by American taxpayers just a few short years ago. Thanks in part to increased revenue from customer fees, U.S. banks' profits soared to a record high for the first quarter of 2013, the Federal Deposit Insurance Corp. reported Wednesday.
Meet the major banks' newest partner: payday lenders, the owners of those check cashing stores that offer short-term loans with interest rates that sometimes exceed 500 percent.
Homeowner advocates and some lawmakers are upset that an $8.5 billion settlement with JPMorgan Chase, Bank of America, Wells Fargo and other banks over improper foreclosures would let lenders off the hook both financially and legally.
Despite warnings from scientists and environmental groups that global warming will be unstoppable if carbon emissions do not peak within a few years, 59 countries, led by China and India, are planning to expand their coal-powered energy sources.