Ryan

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A Poker Champion Explains Why You Make Bad Business Decisions

Do you feel like a genius when your company is on a roll? And make all sorts of excuses when you’re struggling? If so, Annie Duke would like a word with you.<p>I recently met Duke, whom you may know as the third highest-earning female poker player in history. But you might not know that she pursued a …

Before Civil Rights Address, Advocates Ask Where Obama Is On LGBT Job Bias

As the White House pushes legislative action, many others are looking for executive action to protect LGBT employees of federal contractors. "It seems like most people can do more than one thing at a time. So, let's hope he does," former NAACP chair Julian Bond says.<p>AUSTIN, Texas — President Obama …

Sam Adams founder: Beer is more than just 'cold, fizzy and in a can'

Jim Koch, one of America's best known brewers, on everything from micro-brewing to micro-lending to being a bridesmaid<p>The craft beer boom, which can and has been attributed to millennials, has been kind to brewers like Samuel Adams, which have been brewing craft beers for the past 30 years – when …

Barclays sells its United Arab Emirates retail business

<b>Barclays has agreed to sell its retail banking arm in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB).</b><p>ADIB is paying £107m ($177m) for the business which has 110,000 customers. Most of those are expatriate workers.<p>Customers who move to ADIB will have to switch to finance schemes that are …

JP Morgan Accused Of Manipulating US Energy Markets Using 8 Different Trading Strategies

The bank's physical energy business is housed within JP Morgan Ventures Energy Corporation. Back in May, the New York Times reported that regulators warned the bank that it was being investigated for allegedly manipulating markets in Michigan and California.<p>According to the report, it was …

China Working Quietly To Buy Up Gold

The Fed’s preferred measures of inflation are so low they’re in the Fed’s panic zone. What gives?<p>“There’s an ideal playbook, and it would look something like this,” James Rickards, author of the <i>New York Times</i> bestseller <i>Currency Wars,</i> explained. “You’d have higher inflation than we have today, but …

Spain’s unemployment now looks worse than that of Greece

Another unhappy milestone in Europe’s job market. After revisions to previous months’ data, unemployment hit a record high of 12.1% in May, according to Eurostat. That was up from 12% in April. It ain’t pretty.<p>Particularly troubling is the situation in Spain. The euro zone’s fourth largest economy …

Economics

Microsoft’s Xbox Head Don Mattrick Leaving to Take Top Role — Possibly CEO — At Zynga

Don Mattrick, the president of Microsoft’s Interactive Entertainment unit — which centers on the Xbox and all the software giant’s gaming and …

I invested in Bitcoin. You should, too

<i>This is a guest post by investor Richard Kagan</i><p>I first learned about an electronic currency called Bitcoin in February, 2013. At that time, it was pretty easy to find well-connected people who hadn’t even heard about the phenomenon, much less understood the details and potential implications.<p>This is …

Steinway, the legendary pianomaker, will go private in a $438 million deal

After nearly two decades of public trading, ownership of Steinway Musical Instruments will once again be a solo performance.<p>The legendary maker of Steinway pianos said it has accepted a $438 million offer from Kohlberg & Co., a private equity firm. The offer represents a 15% premium over the …

Market Capitalization

Finance Is Paying Way More Than Tech For Top MBAs

Stanford's Graduate School of Business reported that 78% of last year's class had at least one job offer by the time of their graduation, and 71% had accepted one. Another reason the exams don't matter much: Stanford MBA students don't discuss their grades with classmates or potential employers, …