Johann Rupert, the South African who has made billions peddling Cartier jewelry and Chloe fashion, said tension between the rich and poor is set to escalate.
Governor Chris Christie won a decisive victory over New Jersey unions when the state’s highest court ruled he isn’t required to fill a $1.57 billion pension budget gap.
The strength of the dollar, the best performer among major currencies in the past year, is unlikely to discourage the Federal Reserve from raising interest rates in 2015, Pimco says.
Investigators have uncovered identity-theft schemes hatched by tellers at some of the biggest institutions, causing hundreds of bank customers to lose millions of dollars.
Stifel Financial has made more than two dozen acquisitions since 1997, boosting net revenue every year to build one of the largest U.S. securities firms based outside of New York.
