Posts Tagged ‘president’

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Financial Market Fears Overwhelm Facebook IPO Optimism

The volatility surrounding initial public offerings (IPO) is notorious; but when large companies come into the market, there is often a draw of fresh capital to get a piece of the action.

Published by on May 18th, 2012 at 04:05 pm
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Epic Tech IPOs: 3 Triumphs, a Travesty, and a Tragedy

A youngster with a disdain for wealth, distrustful of Wall Street bankers, suddenly scores millions of dollars for himself and his hacker friends. Ah, Bill Gates was quite the story back in 1986. As Facebook winds down its first day of trading , here’s a look back on the drama of some of tech’s other—sometimes eerily similar—classic IPOs

Published by on May 18th, 2012 at 01:05 pm
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The Developer Behind a $90 Million Penthouse

You can put your spare $90 million into buying 2 million shares of Facebook ( FB ) , or you can spend it snapping up one luxury penthouse apartment in New York. A 10,923-square-foot duplex atop One57 , one of the city’s tallest buildings, has sold for that record price tag

Published by on May 18th, 2012 at 01:05 pm
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Economix: A Modestly Strong Batch of New Data

The latest batch of economic data has been slightly better than expected, causing Moody’s Analytics to raise its forecast for May job growth to 170,000, up from 165,000 last week. “The best evidence comes from surveys of builders and manufacturers,” Moody’s economists write. The surveys suggest that “April’s slowdown in factory hiring was a temporary phenomenon.” One sign of the likely strengthening of the job market since April, when the economy added only 115,000 jobs, came in this morning’s report on new claims for unemployment benefits

Published by on May 18th, 2012 at 01:05 pm
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Economix: The Great Gatsby Curve, for the States

12:46 p.m. | Updated to correct description of Great Gatsby Curve. Earlier this year, Alan Krueger, the chairman of President Obama’s Council of Economic Advisers and a former Economix contributor , presented what he called the Great Gatsby Curve : that is, a chart showing a negative relationship between intergenerational mobility and income inequality in rich countries

Published by on May 18th, 2012 at 01:05 pm
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