Robot analysts outwit humans on investment picks over long run, study shows
They beat us at chess and trivia, supplant jobs by the thousands, and are about to be let loose on highways and roads as chauffeurs and couriers. Now, fresh signs of robot supremacy are emerging on Wall Street in the form of machine stock analysts ...
Wall Street surges as China financial measures soothe virus worries
The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China's central bank intervened. The Dow was on pace for ...
U.S. stocks on Thursday sailed to their first record closes of December, lifted by media reports that Washington and Beijing had struck a trade bargain at last. Two of the three main indexes closed with new records: the broad-based S&P 500 gained 1 percent to ...
Each of Wall Street's three major averages kicked off the trading week by closing at records on Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy sentiment. A Chinese ...
Elizabeth Warren, the candidate who keeps Wall Street up at night
With plans to raise taxes on the rich, break up tech giants and tighten regulation on banks and other corporations, Elizabeth Warren is making Wall Street increasingly nervous. A recent poll showed the Massachusetts senator leading the race to become the Democratic candidate for the ...
Global stocks mixed on Trump impeachment crisis and easing of U.S.-China trade war
Global stocks were torn on Thursday between the impeachment firestorm surrounding U.S. President Donald Trump and encouraging signs that the U.S.-China trade war is cooling off. Wall Street ended in the red after a day of intense political drama in which lawmakers released a whistleblower ...
Private equity has directly killed 600,000 U.S. retail jobs, study says
Amazon.com Inc., landlords who charge sky-high rents, brands that fail to adapt. The carnage in the retail industry has been blamed on all of them. Now Wall Street is too. Over the past decade, 597,000 U.S. employees working for retailers owned by private equity firms ...
Candidate Bernie Sanders calls for canceling $1.6 trillion in student loan debt
U.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $1.6 trillion in student loans and pay for it with a tax on Wall Street, elevating the issue in the 2020 debate and going beyond proposals from his Democratic White House rivals. Sanders, ...
Trump and Xi stoke trade optimism with plan to resume talks at Osaka G20
The U.S. and China said their presidents will meet in Japan next week to relaunch trade talks after a monthlong stalemate, triggering a rally in financial markets. U.S. President Donald Trump said Tuesday that he had a "very good" phone conversation with Chinese counterpart Xi ...
Wall Street may be underestimating the threat of tariffs on the auto industry, according to Phil Levy, a senior fellow on global economy at the Chicago Council on Global Affairs. "I think it's better than even odds that they go ahead with this, and go ...
U.S. stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies. The U.S. Treasury Department was drafting curbs that ...
Ex-Trump aide Steve Bannon: 'To hell with Wall Street' view on trade moves against China
Steve Bannon, U.S. President Donald Trump's former chief strategist and 2016 campaign CEO, had a fiery response on Wednesday to Wall Street's dim view of Trump's trade actions against China. "Ask the working people in Ohio, Pennsylvania and Michigan about Wall Street. Wall Street supported ...
