wall street
Dow tops 45K for first time -- but Wall Street slips as tech stocks slump
Worries the Federal Reserve may be cautious about rate cuts after stubbornly strong US inflation data weighed on investors.
BlackRock, State Street, Vanguard sued by GOP states over ESG goals
"The American consumer is entitled to enjoy the fruits of free markets, vigorous competition, and (in the case of BlackRock) honest investment managers," the complaint said.
Citigroup slashes banker promotions in cost-cutting drive: report
Just 2,000 Citi employees can look forward to an early Christmas present of a pay raise and a more senior title, down from 8,000 in previous years, the FT reported.
Biden-bashing Dem Wall Street investor Whitney Tilson to run for NYC mayor
Tilson, 58, is a longtime Demcorat donor who made headlines this summer when he was one of the loudest voices calling Joe Biden to step down after his meandering CNN...
How I learned to stop worrying about the national debt – even though it’s $35 trillion
When the numbers are sorted out in real terms, Uncle Sam actually has less debt than years past, not more.
Donald Trump to tap Scott Bessent for Treasury secretary, ending fierce battle for key job: sources
Bessent, the 62-year-old founder of Key Square Group, has repeatedly backed the president-elect's pro-tariff stance in a series of op-eds and media appearances over the past year.
Dow leaps over 400 points to record close as investors welcome signs of robust economy
All three major indexes posted weekly gains.
Citadel founder Ken Griffin says he's open to selling stake in hedge fund
The billionaire's comments come after reports BlackRock is in talks with Citadel's competitor Millennium for a potential tie-up.
Dow jumps over 450 points, Nasdaq rebounds in volatile Wall Street trading
The blue-chip Dow and the S&P 500 hit one-week highs.
SEC Chair Gary Gensler — who clashed with Wall Street and crypto industry — to step down
His sweeping agenda and uncompromising posture sparked intense pushback from Wall Street.
This NYC nabe is becoming a hot family-friendly area for locals to call home -- thanks to ongoing office-to-residential conversions
Far downtown, an area that was full of suits, and a very Monday-to-Friday vibe, is becoming a 24-hour destination thanks to thousands of new housing units.
Archegos founder Bill Hwang sentenced to 18 years for massive fraud that stunned Wall Street
Prosecutors accused Hwang of lying to banks about Archegos' portfolio so he could borrow money aggressively and make concentrated bets on media and technology stocks such as ViacomCBS, now called...
Trump Treasury contenders in 'knife fight' for the job: report
Elon Musk, the Tesla CEO who has become a close adviser to Trump, threw his support behind Lutnick over the weekend.
Chinese-linked trading platform Webull facing GOP scrutiny
In the world of no-fee and low-fee brokers, Robinhood is the leader, but it’s facing increasingly stiff competition from an upstart known as Webull, founded by one of the top...
Here's what the big hedge funds were betting on before Trump's election win
Many of the bets have become known as so-called Trump trades, corners of the market that at times were swayed by the Republican candidate's fortunes before the election and notched gains after...
Fat cat Wall Street bankers set to rake in bumper bonuses in 2024: study
New York bankers are expected to pocket bonuses as high as 35% as Wall Street deal-making roared back to life after the economic malaise after the COVID pandemic.
'Deadbeat' hedge fund boss who's being sued by his own mom has been living it up in Miami — while clients demand cash back
SpringOwl founder Jason Ader has suffered a string of legal headaches while the entire executive team has quit the beleaguered firm.
Wall Street giddy as Trump White House expected to OK fresh wave of mergers and acquisitions
Trump, who campaigned on a pledge to loosen the reigns of the regulatory state, won a resounding election victory over Vice President Kamala Harris.
Dow tops 44,000 for the first time as Wall Street fueled by Trump win
The Dow and S&P 500 wrapped up their best week in a year.
Goldman Sachs adds most partners to 'Wall Street's most exclusive club' since 2010
The announcement comes amid a flurry of dealmaking activity in the world's financial capital that has boosted profits at Goldman's lower Manhattan headquarters.