Days before Elon Musk was set to purchase Twitter for $44 billion, he terminated the deal. Musk’s decision to back out—rumored to be due to the number of spam accounts on the social media platform—could be a breach of contract, …

Since the Industrial Revolution, the economy has depended on industries that produce high amounts of carbon emissions. Now, scientists warn that we have just 30 years to reduce emissions to net zero to avoid the catastrophic effects of climate change. …

When the health technology company Theranos announced the introduction of an automated blood-testing device that could run multiple tests at once and make testing more affordable and accessible to consumers, it amassed millions of dollars from investors, spiking the company’s …

After Bill Gross graduated from college in the late 1960s, he headed to Las Vegas where he gambled at the casinos. He later applied the lessons he learned counting cards to finance, becoming a renowned investor and fund manager who …

During the Civil War, President Abraham Lincoln and Secretary of the Treasury Salmon Chase asked banks along the east coast for loans totaling $50 million in gold to support the war effort. They agreed, but one leading banker said that …

Investors looking to build their portfolios might look to today’s industry titans for answers but, in fact, the search for the “perfect portfolio” has been in question for centuries, dating back to Aristotle and his hand in ancient Greece’s olive …

With roots dating back to the 1800s, Brown Brothers Harriman & Co. is the oldest and one of the largest private investment banks in the United States. Its influence on the early American economy helped navigate the country through financial …

Investors in the Italian Renaissance could have predicted today’s low interest rates, according to Paul Schmelzing, Ph.D., who dove deeply into American and European economic archives to research real interest rate dynamics. He reconstructed a global timeline that covered 82% …

Today’s interest rates can be as low as 3%, but in the 1970s, Americans were paying 17% just to borrow money. In 1982, Henry Kaufman, then managing director of Salomon Brothers Inc., issued a memorandum predicting that interest rates would …

As former chair and CEO of investment banks Cowen Inc. and Shearson Lehman, Peter Cohen’s career spans five decades in which he saw technology change the financial landscape through digitization, contracted the merger that resulted in the powerhouse Shearson Lehman …