Bradley Keoun covers markets and finance for TheStreet.
A former reporter and editor for Bloomberg News in New York and Mexico City, he covered the financial crisis of 2008 and has written about U.S. banks, the energy industry and emerging markets.
Keoun, who previously worked for the Gainesville (Fla.) Sun and Chicago Tribune, has a master's in journalism from the University of Florida and a bachelor's in electrical engineering from Duke University. You can reach him at email@example.com and follow him on Twitter @liqquidity.
An announcement on job cuts comes just days after legendary corporate raider Nelson Peltz and his investment firm, Trian Fund Management, won two seats on Legg Mason's board of directors.
President Donald Trump has escalated his trade war with China over allegedly unfair practices. But guess what else is escalating? American consumers' costs for goods imported from China.
The Federal Reserve releases minutes from a closed-door two-day meeting that monetary-policy officials held in Washington on April 30 and May 1. The discussion preceded their decision to hold official U.S. interest rates steady in their current range of 2.25% to 2.5%.
The U.S. unemployment rate is at 3.6%, its lowest since December 1969, but a scarcity of workers hasn't translated to a surge in consumer prices. But a top Federal Reserve official in Dallas suggests that the slow pace of increases might be due to rising competition from online businesses, not to mention the extra transparency on pricing.
Some traders have speculated that China might liquidate its $1.1 trillion of U.S. Treasury bonds as a way of striking back against President Donald Trump's tariffs on imports from the country. But such a scenario might hide the real urgency: The Chinese government might need the cash, according to the wealth manager deVere Group.
Goldman Sachs doesn't make many acquisitions, but when it does buy a company, the founders often end up working at the Wall Street firm, as appears to be the case for Joe Duran, founder of United Capital.
Bitcoin falls by 11% to about $7,000 after a trade on a London-based exchange triggered a cascade of selling by other investors, according to the blog ZeroHedge.
A rapid increase over the past decade in the amount of loans taken out by corporations with poor credit ratings could come back to haunt U.S. banks, Comptroller of the Currency Joseph Otting warns.
The Census Bureau says U.S. retail sales in April unexpectedly slipped by 0.2% from March. Economists had projected an increase of 0.2%.
With the U.S. inflation rate lagging well below the Federal Reserve's 2% target, President Donald Trump's increased tariffs on Chinese imports could push up consumer prices -- by a lot. A recent study puts the estimate at $2,300 annually for a U.S. family of four.
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