Playing with other people's money: Will JP Morgan's Jamie Dimon get his way again?

he CEO of America’s biggest bank, JP Morgan, appears to have Washington at his beck and call but is his push to repeal a key financial safeguard a step too far?

Keep reading... Show less

Pope Francis understands economics better than most politicians

Pope Francis is a pontiff who has constructively broken all the rules of popery – so far to widespread acclaim. He's faulted the Catholic church for its negative obsession with gays and birth control, and now he has expanded his mandate to economics with a groundbreaking screed denouncing "the new idolatry of money".

Keep reading... Show less

Wall Street optimism gives economy a break from the doom and gloom

For the first time since last April, Wall Street bond investors are seeing the economic glass as half-full.

Keep reading... Show less

Watchdog: U.S. postal service in desperate need of rescue from Congress

Inspector general David Williams says cash-strapped service, saddled with debt and low revenues, is in 'very serious trouble'

Keep reading... Show less

Fiscal cliff: America goes to the brink, but millions already fell into poverty

Whatever the outcome of the political haggling, Congress has failed the 50 million Americans below the bread line

Keep reading... Show less

Bernanke speaks at last – but manages to confuse Wall Street analysts

Federal Reserve chairman Ben Bernanke just had one of the most surprising press conferences of recent years, in which he indicated, in specific terms, the long-awaited end of the central bank's intervention in the markets.

Keep reading... Show less

Obama's corporate charm offensive: Wooing the Republicans' beloved base

Two years ago, Bloomberg ran a survey of American investors. Three-quarters of them believed Obama was against business. Ivan Seidenberg, the CEO of Verizon, was moved to declare the president hostile to investment and job creation.

Keep reading... Show less