MOUNTAIN VIEW, CA - Earlier this week, representatives from automotive and airline companies, big banks, software companies, and the US military met to learn the basics of quantum mechanics at NASA. And that was only a small part of it. More »
No rap producer had a bigger 2017 than Metro Boomin. In addition to having a hand in huge hits like Migos' "Bad And Boujee," Future's "Mask Off," and 21 Savage's "Bank Account," Metro produced entire albums for artists like Gucci Mane, Nav, and the combination of 21 Savage and Offset. Big Sean, meanwhile, released his…
Why You Should Care About the Federal Reserve The Federal Reserve Board makes key decisions about our economy and our financial system. It sets short-term interest rates and regulates the big banks. For the past four years, it has been led by its first woman chair, Janet Yellen. Show More Summary
The stock bull market is well into its ninth year, and signs of fragility have firms like Bank of America Merrill Lynch looking ahead to the next big crash. By BAML's calculation, the next bear market will be in line with past occurrences,...Show More Summary
As we countdown to the launch of bitcoin futures trading on the CBOE (10 December) and CME (18 December), the big banks – via the Futures Industry Association - have suddenly got cold feet about the risks. We don't blame them, somebody's going to get hurt, the only question is who. Show More Summary
Wall Street doesn't want to foot the bill when you can't make your crypto margin call.
Donald Trump's bank records are handed over to Robert Mueller https://t.co/ZDKw1ESH95 — The Guardian (@guardian) December 5, 2017. Paul Waldman, in the Washington Post: … This may turn out to be no big deal — perhaps Mueller will find that all Trump’s transactions with Deutsche Bank were aboveboard and free of any funny business, […]
Special counsel Robert Mueller's investigation into Trump's connections with Russia is not over, as the news breaks that several weeks ago, Mueller issued a subpoena for Trump's financial records with Deutsche Bank. Special prosecutor...Show More Summary
The $69 billion CVS-Aetna deal could generate more than half a billion in fees for Wall Street investment banks. The latest in a wave of megadeals is another big win for Goldman Sachs, as well as a handful of independents. On Sunday, CVS Health agreed to buy insurance giant Aetna in a $69 billion deal. Show More Summary
Desi Rodriguez had a season-high 29 points, including an off-balance bank shot with 8 seconds remaining, to rally Seton Hall to a 79-77 upset victory over No. 17 Louisville on Sunday.
Earlier this week, Morgan Stanley published a report arguing that UK opposition leader, Jeremy Corbyn becoming Prime Minister, was a bigger threat to UK asset markets than Brexit. MS saw a two thirds chance of a snap UK election in the second half of 2018 when UK can’t secure a satisfactory Brexit deal and the ruling Conservative party fractures. Show More Summary
The major Australian banks are following familiar public relations tactics in requesting a parliamentary commission of inquiry into banking and financial services. When the public mood is against an industry, it will try to win the public over, while getting the politicians to ignore the public mood. Show More Summary
PwC, the accounting firm and consultancy, announced Thursday it is accepting bitcoin payments from its clients. Accounting firms have shown more interest in digital coins than Wall Street banks. PwC, the consultancy and "Big Four" accounting...Show More Summary
A Trump-appointed judge has issued his ruling. Mick Mulvaney – the Tea Party Congressman turned Trump apparatchik – will run the Consumer Financial Protection Bureau. The political extremist who once said the CFPB was “extremely frightening,”...Show More Summary
Cryptocurrencies are surging to record highs – but with a civil war raging inside bitcoin and the big banks muscling in, can they fulfil their promise?
US stocks powered broadly higher to reach more record highs on Wall Street, driven by big gains in banks. Bank of America jumped 3.9% Tuesday and JPMorgan Chase rose 3.5%. Banks rose after Federal Reserve chair nominee Jerome Powell said the Fed would consider easing up on financial...
Big gains among banks and financial companies powered U.S. stocks sharply higher Tuesday, lifting the market to more record highs. The rally was broad, with only real estate companies lagging. … Click to Continue »
The latest on developments in financial markets (All times local): 4 p.m. U.S. stocks powered broadly higher to reach more record highs on Wall Street, driven by big gains in … Click to Continue »