Posts filtered by tags: Wall Street[x]


Wall Street drops as Fed brings forward rate-rise forecast

All three main Wall Street indexes dropped on Wednesday in the minutes after the U.S. Federal Reserve published a statement following...
Tags: Wall Street, Fed, U S Federal Reserve

Wall Street nervously awaits the Fed meeting

Here's the latest news on what stocks are doing.
Tags: Wall Street, Cnn, Fed

Wall Street dips as Fed meet gets underway

U.S. stocks eased on Tuesday after the S&P 500 hit a record high earlier in the session, as a strong inflation reading for May raised...
Tags: Wall Street, Fed

Goldman Sachs considers sending more 100 traders, salespeople to West Palm Beach

West Palm Beach is attractive for both workers and their families. Flavio Vallenari/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Goldman Sachs is considering moving more than 100 salespeople and traders to West Palm Beach. Morgan Stanley CEO James Gorman wants the bank's US employees back in the office by Labor Day. JPMorgan CEO Jamie Dimon said he isn't planning on retiring anytime soon despite the ...
Tags: Florida, Wall Street, New York City, US, Trends, Goldman Sachs, Accenture, Crispin Odey, Morgan Stanley, Goldman, Robinhood, Jamie Dimon, Marcus, West Palm Beach, James Gorman, Reuters Goldman Sachs

Meet NYC Mayoral candidate Ray McGuire, a former Wall Street exec who wants to accelerate small businesses to the top

New York City mayoral candidate Ray McGuire. Andrew Lichtenstein/Corbis via Getty Images Ray McGuire is a former Wall Street executive who is running for New York City mayor. McGuire wants to enact a job accelerator program that would bring back 50,000 positions at small businesses. As a political outsider, he says that he would bring a fresh perspective to City Hall. Sign up for the 10 Things in Politics daily newsletter. New York City may be a preeminent global financial capital, but the...
Tags: Politics, New York, Wall Street, New York City, Trends, Brooklyn, Harvard University, Queens, Local Government, Merrill Lynch, Citigroup, Bronx, De Blasio, Coney Island, McGuire, Lower Manhattan

Victoria's Secret is finally raising its prices after years of extreme deals on inexpensive lingerie

Promotions were a mainstay in Victoria's Secret stores in the past. Business Insider/Mary Hanbury Victoria's Secret is cutting back on discounts and raising prices, according to a UBS report. The firm has been criticized for its constant promotions, which are thought to erode profit margins. Less discounting and higher prices are crucial for its turnaround effort, analysts say. See more stories on Insider's business page. Victoria's Secret is cutting back on deals and rais...
Tags: Wall Street, Trends, Ubs, Victoria, L Brands, Neil Saunders, GlobalData Retail, Mike Kemp, Mauricio Serna, Mary Hanbury, Jay Sole, Secret America, Gabriella Santaniello, Mary Hanbury Victoria, Line Partners, Santaniello

GameStop raids Amazon for new CEO and CFO

GameStop, the video-game retailer whose manic stock movements captivated Wall Street this year, said Wednesday that it's brought on a pair of Amazon veterans as its new chief executive and chief financial officer to aid in its much... [Author: [email protected]]
Tags: Amazon, Business, Wall Street, Gamestop

How LoanDepot’s Anthony Hsieh went from cashier to mortgage billionaire

By Lisa Lee and Davide Scigliuzzo | Bloomberg When Lake Forest-based LoanDepot made its debut on the New York Stock Exchange earlier this year, Anthony Hsieh became a rarity among the ultra-rich: an Asian-American multibillionaire. For the 56 year-old, it was the culmination of a decades-long quest to take on the hyper-competitive mortgage industry. It’s also given him a fresh impetus to be more visible and to inspire others, drawing on some of his own struggles as an immigrant to the U.S. from ...
Tags: Business, Real Estate, News, California, Housing, Wall Street, Sport, Taiwan, Soccer, Long Beach, Silicon Valley, Lending, New York Stock Exchange, Federal Reserve, Cal State Fullerton, Lendingtree

GameStop Names Amazon Veteran as CEO; Sales Accelerate

GameStop, the video-game retailer whose manic stock movements captivated Wall Street this year, said Wednesday it’s brought on a pair of Amazon veterans as its new chief executive and chief financial officer to aid in its much anticipated digital turnaround.
Tags: Amazon, Wall Street, Gamestop, GameStop Names Amazon Veteran

Trading meme stocks like GameStop can mean billions in hidden costs for retail investors - reflecting how the equities market is broken in places, a markets chief says

Noam Galai/SOPA Images/Getty Images Surging trade in GameStop reflects a broken part of the equities market, Alex Gerko told the FT. The allure of commission-free trades won't end well for retail traders betting against Wall Street, he said. "I can assure you in the long run it won't be retail participants winning this game," he said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The retail trading frenzy that saw groups of amateur traders encourage one...
Tags: UK, London, Wall Street, US, Trends, Canada, Reddit, Ubs, Robinhood, Financial Times, Gamestop, Noam Galai, Shalini Nagarajan, Xtx Markets, Alex Gerko, Gerko

Apple releases torrent of updates, and Wall Street yawns

Today’s WWDC keynote from Apple covered a huge range of updates. From a new macOS to a refreshed watchOS to a new iOS, better privacy controls, FaceTime updates, and even iCloud+, there was something for everyone in the laundry list of new code. Apple’s keynote was essentially what happens when the big tech companies get huge; they have so many projects that they can’t just detail a few items. They have to run down their entire parade of platforms, dropping packets of news concerning each. But d...
Tags: Apple, Gadgets, Mobile, Apps, Wall Street, Tech, Stock Market, Lol, Facetime, Don, WWDC 2021

Why everyone is hyping up the US jobs report

From Wall Street to Washington, everyone is waiting for the latest US jobs report.
Tags: Washington, Wall Street, US, Cnn

White-knuckle thriller for AMC as it sells stock into frenzy

By MICHELLE CHAPMAN and STAN CHOE Got your popcorn? The wild ride for the summer’s blockbuster stock, AMC Entertainment, got even crazier on Thursday. The movie-theater company’s stock plunged nearly 40% in the morning after it announced plans to sell 11.6 million shares to raise cash, while warning buyers they could lose all their investment. But it erased the loss in just a few hours. After the stock sale was complete, it climbed above the record closing price it had set a day earlier, only to...
Tags: Personal Finance, Business, News, Wall Street, Amc, Sport, Economy, Soccer, Reddit, Federal Reserve, Gamestop, Ma, AutoZone, Stan Choe, National News, MICHELLE CHAPMAN

Broadcom Forecasts Upbeat Current-Quarter Sales on 5G Ramp Up

By Eva Mathews and Stephen Nellis(Reuters) -Broadcom Inc forecast current-quarter revenue above Wall Street expectations on Thursday, as the...
Tags: Wall Street, Broadcom, Stephen Nellis, Reuters Broadcom Inc, Eva Mathews

A stock analyst says Mudrick Capital's AMC purchase and quick sale shows Wall Street insiders are 'preying on the naivete' of meme-stock traders

Noam Galai/Getty Images Mudrick Capital's purchase and then quick sale of AMC stock shows retail investors aren't the only ones making money during the latest meme stock trading frenzy, said David Trainer, CEO of investment research firm New Constructs. Trainer called the hedge fund's quick profit an example of "institutions dunking on retail investors." He acknowledged that there are also retail investors profiting from the sale, but says the trading is risky and investors s...
Tags: Wall Street, Amc, Trends, Markets, Bloomberg, AMC Entertainment Holdings Inc, Trainer, Noam Galai, Mudrick, David Trainer, Mudrick Capital, Emily Graffeo, Retail Investing, AMC stock, Amc Stock Price, MI Exclusive

US Stocks Edge Higher on Wall Street; AMC Climbs Again

Stocks edged higher Wednesday as gains in technology companies offset losses in industrial companies and other sectors.
Tags: Wall Street, Amc, US

Global stocks rise to record high as economic optimism returns, while oil surges after OPEC+ forecasts growing demand

US equity futures rose on Wall Street on Monday. John Minchillo/AP Global stocks rose to record highs as US futures climbed on renewed economic optimism. Investors are nervously awaiting key data releases, particularly Friday's US jobs report. Oil prices surged after the OPEC+ group forecast tighter supply ahead of a key meeting. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Global stocks rose to a record high on Tuesday as US equity futures climbed after in...
Tags: Europe, UK, Wall Street, US, Trends, Opec, Bloomberg, European Central Bank, Barclays, US Treasury, OECD, Nasdaq, Dow Jones, Boone, Fed, AP Global

US stocks trade mixed as economic data signals continued recovery

Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 18, 2020 at Wall Street in New York City Johannes Eisele/AFP via Getty Images US stocks traded in a narrow range on Tuesday after economic data showed a continued economic recovery from the pandemic.ISM Manufacturing data for May is came in at 61.2, slightly above April's reading of 60.7.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks traded in a narrow range on Tuesday...
Tags: Wall Street, China, US, Trends, Markets, Opec, Bloomberg, Reddit, Blackberry, Stock Market, Electric, Nasdaq, Dow Jones, S&P 500, Dow Jones Industrial Average, Nyse

DOJ opens probe into Archegos meltdown that led to $10 billion in losses for banks

YouTube The Department of Justice is opening a probe into the $20 billion meltdown of Archegos Capital.Prosecutors are seeking information from banks that dealt with the firm and offered it leverage.The late-March unraveling of Archegos led to more than $10 billion in losses for several banks. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The Department of Justice is opening a probe into the $20 billion meltdown of Archegos Capital, according to a Bloomberg repor...
Tags: Wall Street, Trends, Bloomberg, Credit Suisse, Manhattan, Department Of Justice, Morgan Stanley, Doj, Securities And Exchange Commission, Nomura, Hwang, Matthew Fox, Archegos, Bill Hwang, Archegos Capital, Credit Suisse Nomura

An indoor farming startup is valued at $2.3 billion after a historic fundraising round as climate change concerns become more urgent

Indoor vertical farming. Lianoland Wimons, Sgverticalfarming1, CC BY-SA 4.0 Hello! This story is from today's edition of Morning Brew, an awesome daily email publication read by 2.5 million next-generation leaders like you. Sign up here to get it!Yesterday, Bowery Farming announced a $300 million fundraising round that included A-list investors like Natalie Portman, José Andrés, and Lewis Hamilton. Justin Timberlake also chipped in.The startup, now valued at $2.3 billion, grows produ...
Tags: Startups, Climate Change, California, Finance, Wall Street, Trends, Vc, Farming, Innovation, SPAC, Morning Brew, Oishii, Bowery Farming, Alex Hickey, Natalie Portman José Andrés, Lewis Hamilton Justin Timberlake

AWS is making a big push onto Wall Street as financial data providers increasingly adopt the tech

Nicholas Hunt/ Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:An AWS exec details how the tech giant is helping firms like JPMorgan and Millennium leverage the tech when it comes to their data analysis. A pair of former banks just raised $15 million for their startup aimed at reimagining how lunch .We break down three tax proposals that could cost the rich millions. If you're not yet a subscriber,...
Tags: Congress, Wall Street, Trends, Credit Suisse, Aws, Jpmorgan, Sullivan Cromwell, Spencer Platt Getty, Samantha Lee, Bloomberg Morgan Stanley, Dan DeFrancesco, John Kain, Dan DeFrancesco Jordan Parker Erb, Nicholas Hunt PatrickMcMullan

Stocks Give up an Early Gain and End Lower on Wall Street

Stocks closed lower on Wall Street, giving up an early gain and losing momentum after a solid start to the week.
Tags: Wall Street

Stocks Climb on Wall Street as Appetite for Risk Returns

Stocks closed broadly higher on Wall Street as investors regained an appetite for risk following two straight weeks of losses for major indexes.
Tags: Wall Street

The Bill and Melinda Gates Foundation sold all its shares of Apple and Twitter right before the billionaire couple announced their divorce

In this photo taken Feb. 1, 2019, Bill and Melinda Gates pose for a photo in Kirkland, Washington. Elaine Thompson/AP The Bill and Melinda Gates Foundation sold all of its shares in Apple and Twitter earlier this year. In early May, Bill and Melinda Gates announced plans to divorce. The shares were sold for hundreds of millions of dollars by the Gates Foundation trust. Visit the Business section of Insider for more stories. Just weeks before Bill and Melinda Gates announced their divorce, ...
Tags: Apple, Twitter, Finance, Wall Street, Trends, Bill Gates, Bill and Melinda Gates Foundation, Bill, Melinda Gates, Stock, Gates Foundation, Melinda Gates Foundation, Barron, Melinda, Ben Gilbert, Tech Insider

Asian Stocks Mixed in Muted Trading, Echoing Wall St Close

Asian shares are trading mixed, echoing Wall Street's mixed close last week.
Tags: Wall Street

100x crypto opportunities, plus new ways to protect your portfolio from inflation

Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. The newsletter will be taking a week off and returning on June 6. Here's what's on the docket:We spoke to famed crypto trader Scott Melker, aka "The Wolf of All Streets. He laid out his strategy for identifying 100x-return opportunities, and shared five under-the-radar tokens he's bullish on.Not everyone believes the Fed's assertion that st...
Tags: Congress, Wall Street, Trends, Investing, Markets, Ubs, Stock, Fed, Wolf, Sachs, Craig Ruttle, Scott Melker, Kyle Davies, VanEck, Joe Ciolli, Investing Strategy

Joe Biden wants to tax the wealthy without creating a wealth tax, even though it's overwhelmingly popular

President Joe Biden. REUTERS/Mike Segar/File Photo As infrastructure talks begin to heat up, taxes - and how much they'll go up - will be a hot topic. Yes, Biden wants to raise taxes on the wealthy, but he doesn't want to do an outright wealth tax. It's an important distinction, as Biden is proposing tweaks to already existing programs. See more stories on Insider's business page. Yes, President Joe Biden wants to tax the wealthiest Americans. But he wouldn't do it with...
Tags: Elon Musk, Congress, Wall Street, Trends, Joe Biden, Bill Gates, Treasury, Warren, Warren Buffett, Watson, Janet Yellen, Biden, Smith, Irs, Sanders, Indiana University

Inflation is seen as the stock market's boogeyman as the economy recovers. We asked 3 experts if the fears are warranted - or if concerns are overblown.

Jerome Powell. Pool/Getty Images Core PCE (personal consumption expenditures), rose to 3.5% in the first quarter, marking its second-fastest pace of growth since 2011. Fed chair Jerome Powell says inflation is "transitory" and will pass once economic activity normalizes. We asked three experts if they stand with Powell or believe inflation might be a bigger issue. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. On April 29, new data showed that a key measure of in...
Tags: Wall Street, US, San Francisco, Trends, Bank Of America, Turkey, Bureau of Labor Statistics, Argentina, Warren Buffett, Federal Reserve, Cnbc, Fed, Powell, Allianz, Mohamed El Erian, El Erian

Bitcoin Pizza Day is being marked by crypto fans, who are grabbing a slice as a tribute to famed bitcoin trader Laszlo Hanyecz

The link between pizza and bitcoin continues to be celebrated. hadasit/Shutterstock Today is National Bitcoin Pizza Day. The date is celebrated as a tribute to Laszlo Hanyecz, who traded his bitcoins for pizza in 2010. Despite the soaring value in recent years, Hanyecz doesn't regret his trade. See more stories on Insider's business page. Happy Bitcoin Pizza Day! Exactly 11 years ago today, a software programmer from Florida, Laszlo Hanyecz, became well known in the crypto world ...
Tags: Florida, Finance, Wall Street, China, Trends, Markets, Bitcoin, Times, Cryptocurrencies, Satoshi Nakamoto, Laszlo Hanyecz, Hanyecz, Weekend BI UK, Zahra Tayeb

Stocks climb after jobless claims hit the lowest point since the coronavirus outbreak

Richard Drew/AP All major US equity indexes climbed on Thursday as weekly jobless claims fell to their lowest since the start of COVID-19 pandemic. The Federal Reserve was still in mind on Wall Street as policy makers discussed tapering bond buys. See more stories on Insider's business page. Major US stock indexes gained on Thursday after weekly jobless claims fell to their lowest level since the coronavirus crisis began. The increases marks a reversal of three straight days of decl...
Tags: Elon Musk, Wall Street, US, Trends, Markets, Cisco, Bitcoin, Atlantic, Stocks, US Treasury, Federal Reserve, Nasdaq, Cryptocurrencies, S&P 500, Dow Jones Industrial Average, Labor Department