updated Mon. September 30, 2024
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Yahoo Finance
April 2, 2018
The returns of the S&P 500's technology sector have more than doubled the benchmark index's over the past year. In contrast, utilities — a defensive sector that investors like for its indifference to the economic cycle and regular dividend payments — fell nearly 3% over the same period. A ratio of bothÃâà...
SFGate
April 2, 2018
The implosion of a company with ties to South Africa's wine country has caused a hangover for one of Wall Street's most opaque businesses. When shares in Steinhoff International Holdings cratered in December, global investment banks lost more than $1 billion tied to so-called corporate equity derivativesÃâà...
CNNMoney
March 30, 2018
The Netflix of China had a tough first day on Wall Street. Shares in video streaming platform iQiyi (IQ) tanked on their Nasdaq debut Thursday, closing down more than 13%. The company raised nearly $2.3 billion in its initial public offering this week, pricing shares at $18 each. But by the end of its first dayÃâà...
Politico
March 30, 2018
Wall Street Journal staff members circulated an anonymously written email on Thursday accusing “a senior editor” – which some later identified as editor-in-chief Gerry Baker -- of suppressing a story and accompanying graphic because they were too liberal. The email urged staffers to begin tweeting theÃâà...
Vanity Fair
March 30, 2018
“We're in the silly season,” a longtime Wall Street mergers-and-acquisitions banker told me this week. “There's no question about it.” He could have been talking about nearly anything: the latest White House meltdown; the continued fallout from the Facebook-Cambridge Analytica scandal; or perhapsÃâà...
FXStreet
March 4, 2018
It's been difficult for me to believe that bitcoin (!) – the wackiest of financial products – could ever infect traditional capital markets. “It's so fringe. It has to be a fad,” I've thought. But now, I'm beginning to change my mind. Harry's found a quite interesting link between the ups and downs of bitcoin… and theÃâà...
TheStreet.com
March 4, 2018
Only Wall Street's Dumbest Will Blame Fed Chair Powell for This Market Downturn ... Stop picking on Fed chair Jerome Powell, Wall Street. ... It was his first real day on the job as Fed chairman, and he had to answer the questions all of Wall Street wanted to know: when are more rate hikes coming, andÃâà...
The Hill
March 4, 2018
Activists on the left are opening a new front in their campaign to undercut gun manufacturers, this time putting pressure on financial companies and pension funds. Progressives have already seen great success pressuring retailers to limit gun sales, with a slew of chains in recent days pledging that they willÃâà...
CNNMoney
March 4, 2018
While that's great news for Main Street, the strong jobs report set off a wave of panic on Wall Street about the threat of inflation, higher rates and lower corporate profits. The Labor Department will release February's jobs report on Friday, with new details about workers' pay. Another month of strong wageÃâà...
New York Times
March 4, 2018
The first significant bipartisan attempt to alter rules established after the 2008 financial crisis is turning into a battle on Capitol Hill, as some of the biggest Wall Street banks seek to weaken a crucial requirement aimed at ensuring that they can withstand financial losses. The Senate plans to vote this week onÃâà...
CNBC
March 3, 2018
The U.S. Justice Department has asked a court to lift a stay on civil proceedings linked to 1MDB so that a settlement can be reached with producers of the movie "The Wolf of Wall Street." The court filing on Friday requesting the lifting of the stay order did not say whether prosecutors would now go aheadÃâà...
Marketplace.org
March 2, 2018
Women on Wall Street say they "wear black every day" and it doesn't make a difference. Bethany McLean wrote about it in Vanity Fair. In the '80s and '90s, when women were entering the workforce on Wall Street in larger numbers, harassment was explicit and prevalent. We asked how the environmentÃâà...
