Commentary / World Sep 16, 2020
Wall Street fears a U.S. election with no clear winner
by Jared Dillian
As it pertains to markets, it is less about the outcome of the election and more about the process.
Business Sep 11, 2020
First woman to head top bank shows how Wall Street is playing catch-up
Citigroup Inc.'s appointment of Jane Fraser as its next chief executive on Thursday was celebrated on Wall Street as the first woman to lead one of the top U.S. banks. Yet this is a glass ceiling that corporate America shattered decades ago. It was 1972 ...
Business Feb 13, 2020
Robot analysts outwit humans on investment picks over long run, study shows
by Vildana Hajric
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 ...
Business / Financial Markets Feb 5, 2020
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 ...
Business / Financial Markets Dec 13, 2019
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 ...
Business / Financial Markets Nov 26, 2019
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 ...
Business Jul 25, 2019
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 ...
World / Politics Jun 25, 2019
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, ...
Business Jun 19, 2019
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 ...
Business Nov 16, 2018
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 ...
Business / Financial Markets Jun 26, 2018
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 ...
Business Apr 5, 2018
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 ...