Even though the title of sexiest banker was given out long ago (Meredith Whitney, duh), some who work in finance remain unsatisfied, I guess. What other possible explanation would there be for a banking career website to sponsor a "sexiest banker poll" and invite users to vote? And what deep, all-consuming sadness would …
Bank of America has to cough up $39 million after settling a lawsuit alleging that its Merrill Lynch brokerage arm systematically discriminated against female employees, passing them over for promotions, shutting them out of lucrative partnerships, and otherwise blocking their pathways to professional success. That…
Lawrence "Larry" Summers is the front-runner to succeed Ben Bernanke as chairman of the Federal Reserve when he steps down in January, even though Janet Yellen is more qualified — and doesn't think women are bad at math because they have puny ladybrains and selfishly choose to stay home and raise children. Why? Because…
Paul Tudor Jones is 58 years old. He is a hedge funder. He is one of the richest men in America. He is probably a Republican. He predicted the 1987 market crash (see below). On Wednesday, we also learned that he holds some sexist beliefs about women because of most of the characteristics just listed.
A new report about the sundry ways American men and women nurture their personal finances suggests that women aren't daring enough with their investment portfolios. Financial prudence may seem like a virtue, but some money wizards would really like to appropriate Sheryl Sandberg's "lean in"
Hedge funds controlled by female managers brought in the money last year: according to Rothstein Kass, they produced a return of 8.95 percent through the third quarter of 2012. (In contrast, the HFRX Global Hedge Fund Index only logged a 2.69 percent net return through September.)
Springboarding off of an infamous USA Today infographic (and utilizing a handy Wild, Wild West conceit), finance oracle Whitney Johnson tried her darnedest to unravel the mystery about why female leaders are still a relative rarity in the wide world of investing. It's certainly a puzzle, because, although women are…
Not into schadenfreude? Better stop reading now. Everyone else, get ready to rub your palms together and cackle: Planned Parenthood saw a near perfect return on its election spending, while conservative groups spent enough to make Donald Trump blush but have little to show for it.
What good does freaking out over expensive but worthwhile purchases do, especially if you can afford to splurge? Nothing, according to research (from Kipslinger via the New York Times):
If you happen to be a lady and you happen to have aspirations are followed by at least seven zeroes and preceded by a dollar (or pound, or Euro) sign, it's time for some real talk: no matter how old you are, you're too something something to succeed at a hedge fund. Have you considered an alternate field? Perhaps…
News from the world of science with some pretty grim implications for the global economy as it currently exists: men — rational, level-headed, decisionmaking men — aren't actually very well equipped to handle important financial decisions at all; it's like they're getting the male equivalent of their periods, but all…
In today's case for Just Giving Us the Damn Birth Control: new babies are more costly than you might have dreamed, even when it's not you who's giving birth.
A new survey of credit-card spending indicates that members of the generation known as Millennials are increasing their spending on "luxury" items — designer clothing and accessories, tech gadgets, jewelry, etc — faster than any other age cohort. Their parents, the Baby Boomers, still spend far, far more on luxury items…
Ex-Presidential candidate and horrible person John Edwards and the mother of his extramarital daughter that he conceived while his wife was dying of cancer, ex-videographer and horrible person Rielle Hunter, have reportedly stopped making out in public, and this has led some local busybodies to conclude that they must…
Fertility finance companies lend women money for in vitro fertilization procedures, and their industry is booming, thanks to the recession, which has made home equity and credit card loans — the most common ways couples pay for expensive fertility treatments — harder to come by. But are the companies, which often…
Start stockpiling your cream and preservative filled snack cakes: Hostess is filing for Chapter 11 bankruptcy. Again.
Mass media has trumpeted a market research study's conclusion that young, single, childless, white women living in cities out-earn their male counterparts. Feminists would love to embrace the results, but, in fact, the analysis has many flaws, including the failure to account for educational differences. That hasn't…
"Lauren" met "Mike" one night at the New York Philharmonic. Little is known about the exact nature of their interaction during their one date — though Lauren described it as "HORRIFIC" — but afterwards, Mike sent Lauren a 1605-word email reproach-cum-Jeremiad-cum-plea for a second date. It's now making the rounds, thanks to…
Research suggests that the global financial system would be in better shape if Wall Street's risk taking big swinging dicks were replaced with financially prudent big swinging vaginas; women, it seems, are better equipped to handle investment decisions without making a big mess of things. And the reason women make…
New data from the Centers for Disease Control and Prevention shows that America's facing a crisis of unparalleled proportions— no one's having babies anymore. Some experts blame the decline in birth rate on the everlasting economic Dutch oven in which we now live. With an imminent shortage of able bodied youngsters…
Underemployed, overeducated, post-graduate sticker shock sufferers, rejoice— President Obama is going to announce a student loan plan that will allow you to pay slightly less per month and cap the amount you have to pay back per year. Someone's breaking out the Fancy Ramen tonight!
Hurricane Irene, despite blowing over New York City with little damage, took a heavy toll on the city's retailers. Major department stores like Saks Fifth Avenue, Bergdorf Goodman, and Bloomingdale's boarded up their doors in anticipation of the storm. Women's Wear Daily reports: "the hurricane resulted in millions of…
The Federal Reserve had the best of intentions. But in an attempt to protect college students, it hurt the financial independence of thousands of women.
Neither men nor women feel particularly confident about investment decisions, but women are less confident, according to study after study, including two new ones. Not everyone sees this as a bad thing, and yet it's arguably a mechanism of inequality.
American Apparel released its earnings report for the first three months of 2011 yesterday. It will probably come as no surprise to you that the numbers are...bad.
Discount online retailer and investment-magnet Gilt Groupe says it is now worth $1 billion. That's a lot of designer flash sales! The company has 670 employees — and is looking to hire for 125 positions. Gilt intends to launch a full-price men's site this year. According to the C.E.O., "our online male sales are three…
From the Rich Getting Richer department: "The 10 top-earning female models on the planet made a combined $112 million in the 12 months to May — up 30% from a total of $86.5 million over the previous year. Most of this gain was enjoyed by the top three: Gisele Bündchen, Heidi Klum and Kate Moss." Why do supermodels earn…
A new study has found that in the past six years, corporate boards have actually increased their share of white males. But of course!
