Meredith Whitney (Robyn Twomey photo)
The biggest investor in Meredith Whitney's hedge fund has demanded his money back and two executives have left in the past month, Bloomberg reported, citing a person with knowledge of the firm. Whitney rose to fame on the eve of the financial crisis when she issued a research report saying that Citigroup would have to slash its dividend, raise capital, sell assets or all three because of mounting losses from its mortgage holdings. [Full Story]
Related Stories
Author Gary Shilling: Ready for $20 Oil?
When the U.S. Federal Reserve ended its quantitative-easing program in October, it also ended the primary driver of U.S. stocks during the past six years. So long as the central bank kept flooding the markets with money,investors had little reason to worry about a broader...... [Full Story]
Fox News Channel and Fox Business Network are not currently available on [Full Story]
The average price of regular gasoline at U.S. pumps slid to the lowest [Full Story]
Saudi Arabia's oil chief on Sunday dismissed allegations that his kingdom [Full Story]
President Barack Obama's decision to resume diplomatic ties with Cuba [Full Story] |
The hedge fund Meredith Whitney started last year after she became one [Full Story]
Federal Reserve Chair Janet Yellen is taking a page from predecessor Alan [Full Story]
Former Federal Reserve Chairman Paul Volcker on Friday criticized a [Full Story]
Oil and gas companies led the stock market up Friday, helping the [Full Story] |
Things aren't looking up for the economy, and the Federal Reserve isn't helping matters, Steve Lonegan, former mayor of Bogota, N.J., and now directory of monetary policy for American Principles in Action, told Newsmax TV. [Full Story] |
Fox News Channel and Fox Business Network are not currently available on satellite-broadcaster Dish Network, the result of an impasse in carriage talks between the two companies. [Full Story]
One of the most prolific oil and gas basins on the planet sits just off Cuba's northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action. [Full Story]
President Barack Obama's decision to resume diplomatic ties with Cuba won't instantly create a bevy of opportunities for U.S. companies, Steve Beaman, chairman of the Society to Advance Financial Education, told Newsmax TV. [Full Story] |
Federal Reserve Chair Janet Yellen is taking a page from predecessor Alan Greenspan's 2004 playbook, a step that appears to validate the expectations of investors who expect interest-rate liftoff in June 2015. [Full Story]

Market Watch
Company Name or Symbol: 

Click Here for Pre-Market Data

Email:
Country
Zip Code:
Privacy: We never share your email.
 
Insiders
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus



Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved