Tony Woodhams, CEO of the sports hedge fund Centaur Group, talks about the recently created Galileo hedge fund, which analyzes sports probability and statistics in the same way investors bet on the financial markets.
The bond market is already seeing the first consequence of the new financial reform bill. The three ratings agencies have prohibited the use of their ratings in new bond sales, fearing the law would expose them to new liability. Marketplace's Amy Scott explains.
JP Morgan appeared to have blown everyone's expectations by posting $4.8 billion in profits, but read between the lines, and there's some interesting accounting that made for a seemingly successful quarter.
The new financial regulations bill cleared its last real hurdle today and the president will likely sign it into law early next week. But it could take awhile for anybody to really notice.