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Keyword: wallstreet

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  • Ocasio-Cortez set to join Maxine Waters on key financial services committee

    01/15/2019 9:41:55 PM PST · by Reno89519 · 61 replies
    Fox News ^ | January 15, 2019 | Gregg Re
    Self-described socialist Alexandria Ocasio-Cortez announced on Twitter late Tuesday that she will join California Democratic Rep. Maxine Waters on the influential House Financial Services Committee, which oversees Wall Street and the housing industry. California Rep. Katie Porter, Michigan's Rashida Tlaib, Hawaii Rep. Tulsi Gabbard, and Massachusetts Rep. Ayanna Pressley have also reportedly been tapped for the committee by Democratic House leaders, and a vote finalizing their appointments is expected within days.
  • Ocasio-Cortez reportedly in line for banking post, and that could be bad news for Wall Street

    Big banks could be about to get a high-profile enemy in a very powerful place. Freshman Rep. Alexandria Ocasio-Cortez, who is a registered Democrat but identifies as a democratic socialist, is in line to be appointed to the House Financial Services Committee, according to a Politico report. The New York legislator has vowed to take on the industry that makes up the corporate backbone for much of her constituency. She said during her successful campaign in 2018, in which she refused corporate donors and upset entrenched incumbent Democrat Joe Crowley, that she was hoping for an assignment that would allow...
  • Ocasio-Cortez reportedly in line for banking post, and that could be bad news for Wall Street

    01/11/2019 10:30:09 AM PST · by C19fan · 39 replies
    CNBC ^ | November 11, 2018 | Jeff Cox
    Big banks could be about to get a high-profile enemy in a very powerful place. Freshman Rep. Alexandria Ocasio-Cortez, who is a registered Democrat but identifies as a democratic socialist, is in line to be appointed to the House Financial Services Committee, according to a Politico report. The New York legislator has vowed to take on the industry that makes up the corporate backbone for much of her constituency. She said during her successful campaign in 2018, in which she refused corporate donors and upset entrenched incumbent Democrat Joe Crowley, that she was hoping for an assignment that would allow...
  • Why Goldman Just Drastically Slashed Its Oil Price Prediction

    01/07/2019 7:36:43 AM PST · by bananaman22 · 8 replies
    Oilprice.com ^ | 01-07-2019 | Irina
    Goldman Sachs reduced its outlook for oil prices this year citing abundant supply, Bloomberg reports, quoting a note to clients. The investment bank’s analysts now expect Brent crude to average US$62.50 a barrel this year, down from an earlier projection of US$70 a barrel. West Texas Intermediate, according to Goldman Sachs, will average US$55.50 a barrel, compared with an earlier estimate of US$64.50 a barrel. The price outlook revision was motivated by expectations of another glut despite the OPEC+ production cuts aimed at removing 1.2 million bpd from the global market and continued growth in U.S. shale oil production, as...
  • Apple Shares Down almost **8%** in Aftermarket Trading..? WTH..?

    01/02/2019 5:19:41 PM PST · by gaijin · 110 replies
    Fortune ^ | jan 2, 2019 | me
    Wow, WTH..? How much bloodletting will this inspire, tomorrow..? Anyone know whassup? I'm not a nervous Nellie, but -8% in a few hours on a company that's almost a trillon bucks, hey: That's nothing to sneeze at.
  • News Summary-Intelligence Report Tuesday 12/25/2018 Christmas Newsdump Edition

    12/25/2018 3:28:08 AM PST · by Nextrush · 4 replies
    Nextrush Free ^ | 12/25/2018 | Nextrush/Self
    President Trump and the First Lady taking phone calls from children as part of the "Santa Tracker" program of NORAD on Christmas Eve as Santa made his way to the USA to deliver presents. Early elections have been called in Israel. April 9th is the date. Elections could have been delayed until November of next year, but Prime Minister Benjamin Netanyahu made the call saying it was difficult to pass laws.... Turbulence on Wall Street in the shortened Christmas Eve session...... A federal judge ruled Monday that North Korea should be paying over 501 million dollars to the family of...
  • News Summary-Intelligence Report Monday 12/24/2018 Newsdump Edition

    12/24/2018 5:44:04 AM PST · by Nextrush · 3 replies
    Nextrush Free ^ | 12/24/2018 | Nextrush/Self
    President Trump spoke with the Turkish President Recep Tayyip Erdogan on Sunday. They discussed the fight against ISIS, the issue of Syria including coordination of the US military withdrawal from the Syria and expanded trade with Turkey that has been on hold in recent years as relations were strained...... Israel's Prime Minister Benjamin Netanyahu called the Turkish president Erdogan an "anti-Semitic dictator" on Sunday saying among other things about Erdogan...... Israel's Education Minister and leader of the Jewish Home party Naftali Bennett says President Trump's Middle East peace plan includes a Palestinian state in the West Bank...... President Trump has...
  • It’s Happening – This is “THE” Fight, There are Trillions at Stake…

    12/18/2018 2:56:39 AM PST · by a little elbow grease · 49 replies
    theconservativetreehouse.com ^ | 12/17/18 | sundance
    (snip) - Everything you need to know about the tentacles of multinational corporations and banks can be found in the following reality: The U.S. economy is in a period of unprecedented growth Â….. and also, the U.S. stock market is losing ground. Wall Street versus Main Street Bottom Line: U.S. companies who have actual connection to a growing U.S. economy can succeed; based on the advantages of the new economic environment and MAGA policy, specifically in the areas of manufacturing, trade and the ancillary benefactors. Meanwhile U.S. investment assets (multinational investment portfolios) that are disconnected from the actual results of...
  • House-flipping is down, Wall Street Journal frets

    12/11/2018 8:59:22 AM PST · by SeekAndFind · 29 replies
    American Thinker ^ | 12/11/2018 | Jack Hellner
    The Wall Street Journal reports that speculation on housing by house-flippers is down, and the writers seem to treat that as a bad sign for housing. Small-time investors who flooded into real estate in the past decade to take advantage of low borrowing costs and rising home values are starting to cut back. The moves indicate that the market's short-term risk-takers see limited upside – and possible turbulence – ahead. I believe that it is actually an excellent thing when speculative bubbles get gradually deflated. If the speculative bubbles deflate naturally and gradually, there is much less risk of a...
  • Stock markets to close for a day to honor George H.W. Bush

    12/01/2018 12:08:44 PM PST · by SMGFan · 80 replies
    The Hill ^ | December 1, 2018
    The New York Stock Exchange (NYSE) and the Nasdaq will close on Wednesday to honor former President George H.W. Bush following his death, spokespeople confirmed Saturday. NYSE spokeswoman Kristen Kaus told The Hill that the exchange will also observe a minute of silence on Monday in honor of the late president, who died on Friday. The Nasdaq will also observe a moment of silence on Monday, with spokesman Will Briganti saying it "plans to close its U.S. equities and and options markets on December 5 in honor of the national day of mourning." President Trump has called for a national...
  • The Recession Myth

    11/27/2018 12:55:48 PM PST · by Kaslin · 8 replies
    Townhall.com ^ | November 27, 2018 | Stephen Moore
    There's an old saying that Wall Street economists have predicted eight of the last two recessions. The bears in the economics profession keep getting paid a lot of money misreading the nation's economic weather vanes -- whether it was the power and durability of the Reagan expansion in the 1980s, the ferocious bull market of the late 1990s, the after-effects of the 9/11 attacks, or most recently the phenomenal revival of growth in President Donald Trump's first years in office. Most of Wall Street's top economic gurus thought Trump would crash the stock market and the world economy, and here...
  • McDonald’s puts up some supersized 3Q numbers

    10/23/2018 9:51:03 AM PDT · by Olog-hai · 18 replies
    Associated Press ^ | Oct. 23, 2018 8:50 AM EDT
    McDonald’s logged its 13th consecutive month of positive same-store sales and topped Wall Street profit and revenue expectations for the third quarter. Shares in the world’s biggest burger chain defied a major sell-off in U.S. markets before the opening bell Tuesday, rising more than 2 percent. The company earned $1.64 billion, or $2.10 per share. That’s 12 cents better than industry analysts had projected, according to a survey by Zacks Investment Research. Revenue of $5.37 billion, though down from the same period last year, also beat expectations. The company has been turning company-owned restaurants into franchises, which pulls on its...
  • 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...