It's been four years since Congress passed the Volcker Rule, a sweeping law aimed at fixing the financial system following its great collapse. But regulators still haven’t figured out how to implement it.
In the years climbing out of the great recession, regular investors were leary of buying stock, thrice burned, enduringly shy. But in the last six months, as the S&P 500 index has gone up 13 percent, the masses are back to buying.
Allan Sloan, senior editor at large for Fortune magazine, explains why he voted to allow Jamie Dimon to keep his dual role as CEO and Chairman of JPMorgan Chase.
So far, the companies have told us mostly good things this earnings season. But Allan Sloan, senior editor-at-large for Fortune magazine, isn't buying it. He says so-called "tax games" obscure business performance.
The Dow broke another record yesterday and is now on its longest record-breaking streak — six days — since 1998. And while that sounds great, one man is not happy.
