She was one of the most important people on Wall Street — one of the top women in the entire financial world. But when Lehman fell in 2008, the bank’s former chief financial officer, Erin Callan Montella, was dragged down, too. Currently, the ex-Wall Streeter is warning women against the dangers of putting career success … Continue reading
Being an entrepreneur takes extreme determination and bold decisions. These same traits can be critical weapons in winning the battle against debt. If you’re an entrepreneur who’s worried about debt — whether it’s $5,000 or upward of $100,000 — now is the time to act to cut back. These four tips from financial experts and entrepreneurs … Continue reading
As much as preschool is about giving young children a head start in learning, it’s also about economics. For New York City, one of the country’s largest and most racially segregated school districts, the start of free preschool for all 4-year-olds has major financial implications moving forward — and some working parents are already … Continue reading
Afghanistan’s economy is worsening and its security deteriorating despite more than a decade of U.S.-led reconstruction efforts and more than $100 billion poured into the country, according to the Special Inspector General for Afghanistan Reconstruction, an independent oversight agency created by Congress in 2008. The agency’s investigation, conducted between October and December of last year, … Continue reading
Tuesday’s presidential debate on CNN was the highest-rated and most viewed debate for the Democratic Party ever, preliminary numbers from Nielsen show. It also set the all-time record for news live-streaming. A whopping 15.3 million viewers tuned in to the presidential debate featuring Vermont Sen. Bernie Sanders, former Secretary of State Hillary Clinton, former Rhode Island Gov. … Continue reading
By Marguerite Ward 1. Gilead’s numbers are looking good: The California-based biopharmaceutical company continues to see success with its HIV drugs (Stribild, Viread ect.) and Hepatitis C drugs (Sovaldi and Harvoni). Gilead’s stock is up 6.24 percent year-to-date at $100.14, swiftly outpacing the NASDAQ composite index’s 1 percent decline over the same period. Its earnings per … Continue reading
Investors are bracing for what could be a bumpy ride after the People’s Bank of China devalued the yuan by nearly 2 percent overnight. The VIX index, which measures market volatility, peaked at more than 14 percent Tuesday afternoon. Meanwhile, the Dow plunged over 200 points, the S&P 500 slipped by about 1 percent and … Continue reading
Turkey’s economy once enjoyed China-like growth rates, with gross domestic product expanding at 8.8 percent as recently as 2011, and 9.2 percent the year before that. But things have changed. Turkey’s GDP has tumbled from the highs of recent years to what experts call a disappointing 2.9 percent in 2014—which is higher than typical growth … Continue reading
Call it a work in progress. As the global financial system continues a long, slow healing process, the echoes of the implosion inflicted by the credit collapse of 2008 are fading into history. Yet five years after the worst financial crisis since the Great Depression, a pitched political and regulatory battle is still being fought … Continue reading
Iran and six world powers reached an agreement on Tuesday to lift sanctions against the Islamic Republic, and while U.S. and Iranian leaders have heralded the deal as a victory, the real winners could be corporations across the globe. Iran holds the world’s fourth-largest proved crude reserves and the second-largest natural gas reserves, according to … Continue reading
Marguerite Ward 