Bloomberg News

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Bezos Overtakes Slim As World's Fourth-Richest On Amazon Rally

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Jeff Bezos has edged past Carlos Slim to become the world’s fourth-richest person, buoyed by a 113 percent rally this year in Amazon.com Inc.

The Man Accused Of Masterminding The Hacks That Shook Wall Street

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Nothing in the annals of corporate hacking compares to the portrait U.S. authorities painted of the vast, global crime syndicate that hacked the nation's largest banks and brokers.

Goldman Sachs: Health-Care Costs About To Push Core Inflation Higher

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Health care costs, a significant component of the Federal Reserve's preferred gauge of inflation, are poised to accelerate, according to a new report from Goldman Sachs.

Negative Interest Rates The New Normal Next Time Economies Slump

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While financial markets are focused on the Federal Reserve’s looming rate increase, policy makers and economists are already changing their attitude toward negative rates.

Warhol's 'Four Marilyns' Tops Christie's Sale

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Andy Warhol’s "Four Marilyns," which was painted in 1962, was the top seller of the night at $36 million, whileLucio Fontana’s egg-shaped painting sold by billionaire Steven A. Cohen fetched...

Millennium Lab Holdings Files Bankruptcy After U.S. Settlement

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Millennium Health filed for bankruptcy protection after the largest U.S...

This Bunker Holds $1.5 Billion Of Wine

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Cavernous vaults of Bordeaux and Burgundy vintages sit in an old munitions dump deep below gently rolling English farmland.

Wall Street Bonuses Could Drop More Than 10%, Stifel CEO Says

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Wall Street bonuses could fall more than 10 percent this year after declines in fixed-income trading revenue and China’s currency devaluation hurt profits, Stifel Financial CEO Ronald Kruszewski...

Millennials Ditch Big Banks And Go Local With Their Money

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Community banks won with younger customers last year, netting a 5 percent increase in account holders ages 18 to 34.

Chinese Billionaire Buys Modigliani Painting For Record $170.4M

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Chinese billionaire Liu Yiqian bought Amedeo Modigliani’s painting of a reclining nude woman for $170.4 million, the second-highest price for an artwork at auction.

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