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Zuckerberg's Hoodie: Gleeful Snub to Wall Street?

Dustin Lushing — Wed, 09 May 2012 14:48:38 CDT

On the first day of Facebook's IPO roadshow yesterday, Mark Zuckerberg showed up to a meeting with potential investors wearing a hoodie—a wardrobe choice that one Wall Street analyst says is a glaring "mark of immaturity," reports Bloomberg . "He’s actually showing investors he doesn’t care that much," said Michael...

Groupon Shares Going Gangbusters on Day One

John Johnson — Fri, 04 Nov 2011 11:11:05 CDT

Groupon is having a big debut as a public company. The stock was selling for about $30 a share at the market's open today, way above the $20 IPO price the company set last night, reports the Wall Street Journal . Which means that, on paper anyway, the company is valued...

Psychopaths More Cautious Than Stockbrokers

Kevin Spak — Tue, 27 Sep 2011 11:00:05 CDT

Don’t call rogue traders like Kweku Adoboli a psycho—because that may not be fair to psychos. A new study from the University of St. Gallen in Switzerland pitted a group of stockbrokers against a group of actual psychopaths in various computer simulations and intelligence tests, and found that the...

Investors, Not Laborers, Are Now the Heroes

Kate Schwartz — Mon, 05 Sep 2011 10:13:50 CDT

"Labor Day" is a misnomer, and we're the ones who have made it so, writes EJ Dionne for the Washington Post . Today, and every day in America, we no longer celebrate workers "as the real creators of wealth." We reserve the highest praise for "capital," he explains. "In scores of...

For 2012, Obama Wants 'Fat Cats' Back on His Side

Evann Gastaldo — Mon, 13 Jun 2011 06:46:52 CDT

President Obama—who famously angered Wall Street executives by calling them “fat cats,” the New York Times reminds us—is now courting those same executives in his quest for re-election campaign contributions. He kicked off the push by hosting two dozen of them, many longtime donors, at the White House...

Early Facebook Investors Want Out

Evann Gastaldo — Thu, 28 Apr 2011 07:45:41 CDT

In a sign of increasing wariness among Facebook's earliest investors, a group of shareholders is looking to dump $1 billion worth of shares in the social networking company. The sale would value Facebook at more than $70 billion, five sources tell Reuters . The group, which includes Facebook employees, tried and...

Goldman to US Investors: No Facebook Shares for You

Evann Gastaldo — Mon, 17 Jan 2011 13:13:05 CST

Want to snatch up some Facebook shares? Tough luck, if you’re an American. Goldman Sachs is limiting the private offering of up to $1.5 billion in shares to non-US clients only. In a statement to the Wall Street Journal , Goldman says the "intense media attention" surrounding the deal "might...

Wall Street Speculators Hope to Profit on Madoff Victims

John Johnson — Tue, 14 Dec 2010 12:10:06 CST

Bernie Madoff made a fortune off his victims, and now speculators in the field known as distressed securities hope to do the same. As the New York Times explains: These speculators are contacting those who lost money and offering a deal: We'll give you cash immediately and take over your...

Hundreds Nabbed in Scam Artist Crackdown

Kevin Spak — Mon, 06 Dec 2010 12:16:05 CST

Federal authorities have charged more than 500 people with various forms of fraud during a 3.5-month probe, in what Eric Holder today termed the largest crackdown on scam artists in US history. Of those, 343 were criminally charged, with the defendants accused of everything from running Ponzi schemes to...