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Keyword: wallstreet

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  • Dow rises, extending record run [DJIA 26,743.5 +86.52 +0.32%]

    09/21/2018 1:52:58 PM PDT · by Red Badger · 15 replies
    www.foxbusiness.com ^ | Published September 21, 2018 | By Leia Klingel
    The Dow Jones Industrial Average climbed Friday, extending its record-setting run to a second consecutive session. The Dow rose 86.52 points, or 0.32 percent, to 26,743.50. The S&P 500 ticked 1.08 points lower to 2,929.67. The Nasdaq Composite dropped 41.28 points, or 0.51 percent, to 7,986.96. The Dow Jones Industrial Average and the S&P 500 set intraday records in early trade Friday. On Thursday, the two major stock market indexes also set records, with the Dow rallying over 251 points to close at a record high for the first time since January. The S&P 500 also climbed to an all-time...
  • Clinton’s Labor Secretary Pleads For Wall Street Control Of The White House (Robert Reich, Resist)

    04/30/2018 7:51:10 AM PDT · by blam · 51 replies
    Breitbart ^ | 4-30-2018 | Neal Munro
    The One Percent on Wall Street must save the nation by taking political control from President Donald Trump, says former President Bill Clinton’s far-left labor secretary. “If the leaders of American business remain silent about what Trump is doing to American democracy, they will be complicit in its demise,” Robert Reich begged Wall Street CEOs in the April 26 San Francisco Chronicle. Reich, who was a progressive Secretary of Labor from 1993 to 1997, justifies calls for a virtual occupation by Wall Street of the White House, saying: As the Republican Party moves toward Trump’s looniness — his xenophobia, isolationism,...
  • Tom Steyer Holds Impeachment Town Hall in Oakland

    04/13/2018 5:30:31 AM PDT · by ChicagoConservative27 · 25 replies
    brietbart ^ | 04/12/2018 | Adelle Nazarian
    Amidst division among his fellow Democrats over his campaign to see President Donald Trump impeached, billionaire left-wing environmentalist Tom Steyer held a rally attended by approximately 400 anti-Trump activists in Oakland Wednesday night to help garner support for his impeachment efforts. According to the East Bay Times, Steyer said Trump “is a malignant narcissist who’s deteriorating” while speaking alongside Amy Siskind, an anti-Trump Wall Street executive-turned-blogger, at the Impact Hub, a community center in uptown Oakland. “Today is the best day of the rest of the Trump administration,” Steyer said. Siskind, who is a liberal self-described “Jewish, gay woman,” used...
  • SEC Taps Goldman Executive for Enforcement Role

    10/21/2009 10:30:11 AM PDT · by Leisler · 18 replies · 1,209+ views
    WSJ( Americas Paper of Record ) ^ | OCTOBER 16, 2009 | By SARAH N. LYNCH
    WASHINGTON -- The Securities and Exchange Commission tapped Goldman Sachs Group Inc. executive Adam Storch on Friday to serve as the agency's first-ever chief operating officer of the enforcement division. The new hire represents the latest personnel change at the SEC in its effort to improve its operations following its failure to detect Bernard Madoff's massive Ponzi scheme. Enforcement Division Director Robert Khuzami created Mr. Storch's position of managing executive as part of the major re-structuring effort he announced earlier this year. Mr. Storch will oversee division operations that include budget, information technology and administrative services. He will also supervise...
  • Wall Street is overreacting to Trump’s tariffs on China

    04/09/2018 8:00:07 AM PDT · by SeekAndFind · 17 replies
    New York Post ^ | 04/09/2018 | Jonathan Trugman
    Every once in a while, Wall Street has a fit. Sometimes it is warranted, many times it is not. The tariff tantrum falls under into the latter category. Late Thursday night, President Trump upped the ante in the tariff game, proposing a review of an additional $100 billion of potential tariffs. So the US and China, the two largest economies, jostle over a tiny percentage of their multitrillion-dollar GDPs to make a point — and to score points. But Wall Street uses its finest calculus, egged on by Trump-bashing media personalities dressed up as “journalists,” to extrapolate that we are...
  • Dow falls nearly 750 points as trade fears rattle investors

    04/06/2018 12:07:02 PM PDT · by Beave Meister · 12 replies
    CNBC.com ^ | 4/6/2018 | Fred Imbert and Alexandra Gibbs
    Traders work on the floor of the New York Stock Exchange (NYSE) on March 23, 2018 in New York City. Stocks plunge more than 500 points 47 Mins Ago | 02:18 Stocks fell sharply on Friday as worries of a trade war brewing between the U.S. and China grew. Wall Street also digested disappointing employment data. The Dow Jones industrial average fell 740 points, with Boeing and Caterpillar as the biggest decliners in the index. The S&P 500 declined more than 2.5 percent, with industrials as the worst-performing sector. The Nasdaq composite dropped 2.7 percent. The sell-off accelerated in the...
  • Here Are The 17 Dem Senators That Voted To Unwind Warren’s Financial Legacy

    03/06/2018 2:34:36 PM PST · by cotton1706 · 13 replies
    dailycaller.com ^ | 3/6/18 | Robert Donachie
    Seventeen Democrats voted to proceed on a bill that would roll back major portions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. Senators voted 67-32 to end debate on a bill that takes aim at a number of the protective barriers Dodd-Frank put between consumers, banks and the greater economy in the wake of the 2007-2009 Great Recession. Michael Bennet of Colorado Tom Carper of Delaware Chris Coons of Delaware Joe Donnelly of Indiana Maggie Hassan of New Hampshire Heidi Heitkamp of North Dakota Doug Jones of Alabama Tim Kaine of Virginia Angus King of Maine Joe...
  • Whatever Jerome Powell said, Wall Street heard ‘rate hike’

    03/01/2018 9:53:49 AM PST · by SeekAndFind · 8 replies
    New York Post ^ | 03/01/2018 | John Crudele
    Jerry Powell apparently doesn’t get it. The new head of the Federal Reserve isn’t supposed to imply that he doesn’t work for Wall Street. And he’s not supposed to say, as he did the other day in front of Congress, that “we don’t manage the stock market — we manage stable prices and maximum employment.” That’s not what Wall Street and the stock market want to hear. And that was proven by the fact that the stock market dropped sharply on Tuesday when Powell was speaking. And Powell’s comments were one of the reasons Wall Street’s pros couldn’t get a...
  • Cryptocurrency and Fiat Money: Bitcoin Shows serious weaknesses in the in the banking system.

    01/13/2018 10:53:21 AM PST · by SeekAndFind · 32 replies
    American Thinker ^ | 01/12/2018 | Dexter Wright
    There is a rumor swirling on Wall Street that China may be reversing its decades-old policy of buying U.S. Treasury Bills (T-Bills), which is giving bond-traders a case of nerves.  If China does not buy T-Bills, then the Federal Reserve will have to raise the yield on the bonds to make them more attractive to other buyers.  This rumor combined with the possibility that the Chinese economy will eclipse the U.S. economy in twenty years seemingly makes a thirty-year T- Bill less attractive than in the past. What a strange time in which we live, when cryptocurrencies like Bitcoin and Ethereum may be a...
  • All main stock indexes close at records ahead of GOP tax bill draft [TRUMP EFFECT]

    12/15/2017 1:43:58 PM PST · by Enchante · 59 replies
    Morningstar ^ | December 15, 2017 | Sue Chang
    All main stock benchmarks closed at records on Friday with the S&P 500 and the Dow Jones Industrial Average extending their weekly winning streak to four as Republicans prepared to outline their final version of the tax bill. Stocks have been sensitive to developments from Capitol Hill on the tax bill and any news that is viewed as a step closer to enacting tax cuts tend to buoy market sentiment. The Dow rose 140 points, or 0.6%, to close at 24,648. The S&P 500 climbed 23 points, or 0.9%, to end at 2,675 while the Nasdaq Composite Index gained 80...
  • Wall Street furious over proposal to slash 401(k) limits

    10/21/2017 6:37:10 PM PDT · by Mariner · 125 replies
    The NEw York Post ^ | October 21st, 2017 | By Kevin Dugan
    Wall Street pushed back hard on Friday against a report that congressional Republicans are weighing a plan to severely limit the amount of money Americans can contribute to their 401(k)s. The Capitol Hill lawmakers, searching for ways to pay for President TrumpÂ’s broad proposed tax cuts, are eyeing a $2,400 cap on pre-tax contributions to 401(k) plans, used by millions of US workers to save for retirement. Currently, the pre-tax limit for such contributions is $18,000 a year. Contributions to 401(k)s are tax-deferred, which means that the government wonÂ’t be able to get its cut until retirees start withdrawing money...
  • Be not dismayed Jesus is with you in all this[Charismatic Caucus]

    10/13/2017 7:38:05 AM PDT · by Jedediah · 1 replies
    bible ^ | Holy Spirit
    My children be not dismayed with the array of things that beset the worldly for you ARE My Kingdom Come and now you shall walk in My attributes as never before. As Enoch now you shall be with Me, as Elisha when you call I shall come for you dressing you fresh in the Mantle of My Resurrection Power to take back the land from the evil one for I AM coming soon for you and NOW is your time to ( (( SHINE )) ) 2 Kings 2:14 Then he took the cloak of Elijah that had fallen from...
  • Now Wall Street Threatens the NFL's Act

    10/01/2017 7:03:13 PM PDT · by Hojczyk · 25 replies
    PJ Media ^ | October 1,2017 | BY MICHAEL WALSH
    that means... more backlash against the Needless Football League: Many brokers and bankers — some of whom are also military veterans — have threatened to pull the plug on pro football for not reining in players who are using the American national anthem as an opportunity to protest by taking the knee. And as the protests gather steam this weekend, some vets of the financial markets — a huge employer of former US military service personnel, have unleashed a barrage of criticism in response and could be counted among the estimated 2 million fewer viewers over the first three weeks...
  • Obama commands $400K on Wall Street’s speaking circuit: Report

    09/18/2017 3:08:34 PM PDT · by jazusamo · 33 replies
    The Washington Times ^ | Sept 18, 2017 | Douglas Ernst
    Former President Obama’s presence among Wall Street executives once derided as “fat cats” now nets him roughly $400,000 on the industry’s speaking circuit. A source close to a Northern Trust Corp. speech last month told Bloomberg News on Monday that Mr. Obama was compensated close to $400,000 for his services. Additional sources said that he recently addressed members of the Carlyle Group LP and will receive a similar six-figure paycheck as the keynote speaker at a health-care conference for investment bank Cantor Fitzgerald LP.
  • Understanding Gary Cohn -vs- President Donald Trump…

    08/26/2017 4:55:55 PM PDT · by Kalamata · 31 replies
    Conservative Treehouse ^ | august 26, 2017 | Sundance
    Those Wall Street and Multinational interests that everyone rightly reviews through the prism of globalist advancement are being confronted and dismantled as part of the larger America First economic policy. Gary Cohn has a useful purpose in that his presence settles the nerves of Trump’s domestic economic adversaries, but Cohn’s presence doesn’t change the policy direction of America First at all.
  • WITH FRIENDS LIKE GARY COHN, WHO NEEDS ENEMIES?

    08/26/2017 10:35:34 AM PDT · by rktman · 30 replies
    canadafreepress.com ^ | 8/26/2017 | Jeff Crouere
    Cohn was under intense pressure from his Wall Street friends to resign from the administration. He should have done the President and the country a big favor by succumbing to the pressure. President Donald Trump is attacked on a daily basis by his enemies in the media, the political establishment, and the deep state. He is under unrelenting assault, more so than any other U.S. President in recent history. Usually, even a besieged President can count on support within the ranks of his top advisers. While they may disagree in private, top administration officials have an obligation to present a...
  • Ivan Boesky and the End of the '80s Wall Street Boom

    08/14/2017 4:19:55 PM PDT · by nickcarraway · 10 replies
    New York Daily News ^ | Monday, August 14, 2017 | Peter Grant
    It was the 17th of September 1986, and the curtain was now coming down on the greed-is-good Wall Street boom. On the surface, nothing seemed much different in the high-flying world of leveraged buyouts, corporate raiders, junk bonds and suspendered yuppies chasing dizzying amounts of money. But behind the scenes, one of the icons of this era was cutting a deal with federal agents and an ambitious U.S. Attorney named Rudolph Giuliani in the biggest insider-trading investigation in history. Ivan Boesky, the mega-rich and super-arrogant 49-year-old king of the arbitragers, was agreeing to sing like a platinum canary to get...
  • McDonald's Hits All-Time High As Wall Street Cheers Replacement Of Cashiers With Kiosks

    06/23/2017 2:12:56 PM PDT · by Enlightened1 · 189 replies
    CNBC ^ | 06/22/17 | Tae Kim
    Cowen says McDonald's will upgrade 2,500 restaurants to its "Experience of the Future" technology by year-end, which includes digital ordering kiosks. The firm raises its rating on McDonald's to outperform from market perform and price target for the shares to $180 from $142. Same store sales estimate for 2018 raised to 3 percent from 2 percent. McDonald's shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants. Cowen raised its rating on McDonald's shares to outperform from market perform because of the technology upgrades,...
  • Pissed-off artist adds statue of urinating dog next to ‘Fearless Girl’

    05/30/2017 6:56:24 AM PDT · by Rummyfan · 25 replies
    NY Post ^ | 29 May 2017 | Nick Fugallo and Max Jaeger
    Gee whiz, artists are so sensitive! City sculptor Alex Gardega — seething over the “Fearless Girl” statue being placed across from Wall Street’s “Charging Bull” — has decided to retaliate with a work of his own. Gardega created a statue of a small dog, titled “Pissing Pug,” and his sloppily crafted pooch takes direct aim at “Fearless Girl” — or, at least, at her left leg. “This is corporate nonsense,” Gardega told The Post of “Fearless Girl,” saying it was put opposite artist Arturo Di Modica’s famed bull as a publicity stunt by a Boston-based financial firm.
  • Trump entertains breaking up big banks with Glass-Steagall

    05/01/2017 4:48:53 PM PDT · by huldah1776 · 22 replies
    WASHINGTON EXAMINER ^ | May 1, 2017 | Joseph Lawler
    [txt on image] Trump: Considering Rewrite or Elimination of Dodd-Frank President Trump entertained the idea of breaking up big banks Monday, sending major Wall Street stocks lower. Trump suggested that he is considering reinstating some form of Glass-Steagall, the repealed law that for decades mandated a separation between commercial and investment banks. "There's some people that want to go back to the old system, right? So we're going to look at that," Trump said when asked about the policy by Bloomberg.