James Bullard, president of the Federal Reserve Bank of St. Louis, is adding his voice to those saying that the Fed needs to pay attention to future asset bubbles. In a speech titled, “Three lessons for monetary policy from the…

I normally don’t give investment advice, but I made an exception in the case of a reader named Don. He sent me an email asking what he should do with his old General Motors shares, which now trade as Motors…

Two months ago, we blogged about a study on the financial illiteracy of young Americans. Now, the same economists have published a paper proving that older folks are equally clueless.

Annamaria Lusardi, Olivia S. Mitchell and Vilsa Curto looked at answers to…

The Federal Reserve’s September Beige Book said that the St. Louis region’s economic “pace of decline seemed to be moderating.” In October, our business conditions “declined.” Finally, in today’s Beige Book report, the St. Louis district has turned a bit of…

Congress’ landmark health-care legislation could both help and hurt Centene, Executive Vice President Edmund Kroll said today. On the positive side, the Medicaid managed-care company could gain clients, Kroll said at a Bank of America Merrill Lynch Credit Conference:

They want to…

I’ve tried and tried, but I can’t understand why some investors speculate in shares that are obviously headed for the scrap heap. Today’s example is Smurfit Stone Container, which filed its Chapter 11 reorganization plan today. The plan makes clear that…

Update: The arithmetic error mentioned below has been fixed in an updated filing.

Ralcorp’s co-chief executives, Kevin Hunt and David Skarie, got 15 percent salary increases in fiscal 2009 along with increased bonuses.  Both earned $575,000 salaries and bonuses of $632,500.…

IHS Global Insight just released a state-by-state employment forecast for 2009-2015 and it shows a familiar pattern: The fastest growth is in the south and west, while the Midwest and New England will be sluggish.

The forecast says Missouri will add…

When you’re giving thanks over the turkey and stuffing this week, the shaky economy probably isn’t on your grateful-for list. It has, however, pushed down the cost of that dinner by $1.93, or 4.3 percent, according to the Missouri Farm…

If you’re starting a business and have any sort of tie to St. Louis University, you may want to check out a workshop sponsored by the new Billiken Angel Network. It’s Friday, Dec. 4, at 5:30 p.m. in the university’s business-school…