How do you drive investors to spend money on cutting-edge cancer treatments? One idea, according to economist Andrew Lo, is to sell securities in a megafund of research projects. Economics correspondent Paul Solman explores how financial engineering could be the…
By Paul Solman
The cold calculus and material emphasis of finance seems about as far removed as one can imagine from the arts. And yet, many great writers and artists were tied to finance vocationally. Can you guess who?…
By Mihir A. Desai
“We are all insurance companies.” This odd dictum, from the famous American philosopher Charles Sanders Peirce, may serve us well as we struggle to find the best path forward in the health insurance debate.
By Mihir A. Desai
Steven Mnuchin has had a long history as a successful financial executive and a period as head of Trump's campaign finance operation.
By Martin Crutsinger, Julie Bykowicz and Julie Pace, Associated Press
At first glance, fiscal planning can seem more complex and time-consuming than it’s worth. But according to Professor Harold Pollack of the University of Chicago, you can fit all the financial advice you’ll ever really need on a single index…
The State Department on Friday officially lifted its designation of Cuba as a state sponsor of terrorism, in one of the many recent steps by the Obama administration to reestablish diplomatic ties between Cuba and the U.S. Carla Robbins of…
By Martin Crutsinger, Associated Press
WASHINGTON — Finance officials from the world's major economies are searching for the right mix of policies to bolster a still-weak global recovery nearly six years after the Great Recession while confronting a range of new threats from a soaring…
By Daniel Costa-Roberts
Britain’s largest bank, HSBC, published a full-page apology letter in several U.K. newspapers Sunday, following allegations that the company’s Swiss private banking arm helped clients dodge taxes and conceal millions of dollars of assets.
By Sallie Krawcheck
As baby boomers leave the workforce and millennials, and increasingly women, move in to take their places, former Citigroup CFO Sallie Krawcheck predicts capitalism will become more inclusive, and consequently, more prosperous -- for everyone.
Support Provided By: Learn more