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Keyword: wallstreet

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  • Wall Street closes at record high as Nasdaq crosses 9K for first time

    12/26/2019 2:45:11 PM PST · by yesthatjallen · 12 replies
    The Hill ^ | 12 26 2019 | Rachel Frazin
    U.S. financial markets hit record highs Thursday, with the Nasdaq Composite closing above 9,000 for the first time. The Nasdaq gained 0.78 percent from the previous trading day, closing at 9,022.39. The Dow Jones Industrial Average rose 0.37 percent, to 28,621.39, and the S&P 500 advanced 0.51 percent to 3,239.91. President Trump, who has consistently touted the economy's strength as one of his greatest accomplishments, highlighted the Nasdaq news by tweeting an article on it. President Trump Tweet
  • Why Wall Street sees the stock-market on the verge of a ‘melt-up’

    12/16/2019 11:17:56 AM PST · by SeekAndFind · 31 replies
    Market Watch ^ | 12/16/2019 | Mark Decambre
    Is the stock market on the brink of breaking into an unmitigated run-up to fresh records? That is the question that a number of a market strategists are exploring as the Dow Jones Industrial Average DJIA, the S&P 500 SPX, and the Nasdaq Composite COMP, indexes mount their latest in an assault to new all-time closing highs, powered by hope that the U.S. and China can forge a preliminary trade accord to resolve a prolonged battle over import duties. A number of other geopolitical headwinds, at least momentarily, have died down, including concerns about market-roiling effects from uncertainty due to...
  • Bloomberg pushing Wall Street execs, mega donors to back DNC fundraising

    12/14/2019 3:11:15 PM PST · by Mariner · 24 replies
    ABC News via Yahoo ^ | December 13th, 2019 | Unattributed
    Former New York mayor and billionaire Mike Bloomberg is set to meet with several executive Wall Street influencers and mega donors on his home turf Thursday, ABC News has learned. He will meet with long-time hedge fund managers, bundlers and those in the private equity sphere. Meanwhile, Bloomberg's team has been phoning donors and those on the "high-up" business world call list, asking them to support the DNC directly, as well as state and down-ballot candidates. ABC News has confirmed the meeting and the calls both with the Bloomberg campaign and outside sources aware of the calls, as well as...
  • Boneheads on Boards of Directors

    11/10/2019 4:22:56 AM PST · by Kaslin · 8 replies ^ | November 10, 2019 | Gil Gutknecht
    When most employees get fired, they leave with only their personal items and a strong dose of embarrassment. No severance. No gold watch. No retirement party. Just a terse, “Don’t bump your butt on the door on your way out!” It matters not that the employee may have been a solid contributor to the company for many years.  Such is not the case if you are among the chosen few who are blessed to work for very generous boards of directors. Witness the recent events under the Golden Arches. CEO Steve Easterbrook was pushed out for admittedly having a sexual...
  • It’s Late: So Says the Profits Spread and Leading Indicators

    10/23/2019 7:05:55 AM PDT · by Vigilanteman · 17 replies
    Charles Schwab Insights ^ | 21 October 2019 | Liz Ann Sonders
    Key Points •Third quarter earnings season is underway, so it’s time to look under the hood. •A wide gap between S&P 500 profits and the broader NIPA measure from the BEA supports a late-cycle view. •The late-cycle view is also supported by weakening leading indicators.
  • Credit Markets: Ratings Firms Give Leeway To Some Big Borrowers

    10/21/2019 6:24:13 AM PDT · by vikingd00d · 3 replies
    MarketScreener ^ | 10/21/2019 | Gunjan Banerji and Cezary Podkul
    In August, bond-ratings firms Moody's Corp. and S&P Global Inc. predicted that Newell Brands Inc. would soon reduce its heavy debt load, allowing it to keep its coveted investment-grade bond rating. They made the same prediction in 2018. And in 2017. And in 2016. And in 2015, when the company announced a big merger that quadrupled its debt. Yet bond ratings for the maker of Rubbermaid containers and Sharpie markers haven't budged. When S&P and Moody's made their upbeat projections in 2018, they made an error that understated Newell's indebtedness, according to a Wall Street Journal review of the rating...
  • Even Wall Street is getting the willies about Warren winning the Democratic nomination

    10/07/2019 8:01:10 AM PDT · by SeekAndFind · 25 replies
    American Thinker ^ | 10/07/2019 | Monica Showalter
    Wall Street, which in the past three decades has supported far more Democrats than Republicans, is drawing the line at Elizabeth Warren. According to CNBC: Democratic donors on Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle — or even back President Donald Trump — if Sen. Elizabeth Warren wins the party's nomination. In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden in the 2020...
  • Elizabeth Warren, the Democrats’ 99.99024% White Privilege Candidate

    09/12/2019 11:32:13 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 09/12/19 | Judi McLeod
    Wall Street won’t stop her but deplorables sure can Faster than a well-aimed speeding arrow and faster than when she stepped out as Fauxcahontas to advance a fledgling political career, Democrat presidential hopeful Senator Elizabeth Warren backed up the lie that Wall Street execs are afraid of her. In fact, it took Warren only two and a half hours to gleefully Tweet a clip of CNBC’s Squawk on the Street segment along with the caption: “I’m Elizabeth Warren and I approve this message” after the show became Internet News.
  • Jim Cramer Says Wall Street Execs Are Panicking About Elizabeth Warren Presidency: [tr]

    09/11/2019 9:56:27 AM PDT · by C19fan · 43 replies
    Mediaite ^ | September 11, 2019 | Tommy Christopher
    CNBC host Jim Cramer gave Massachusetts Senator and Democratic presidential candidate Elizabeth Warren an unintentional boost when he said that Wall Street executives are privately telling him that “She’s got to be stopped!” On Tuesday’s edition of CNBC’s Squawk on the Street, Cramer told co-hosts David Faber and Dominic Chu that Wall Street executives are quaking in their boots at the prospect of a Warren presidency. He began by talking about Wells Fargo’s struggle to find a new CEO. “I still wonder what it’s like to have no CEO. In the end, I know, Elizabeth Warren don’t listen, I favor...
  • Texas man arrested for defacing famous ‘Charging Bull’ statue

    09/07/2019 2:55:50 PM PDT · by Tolerance Sucks Rocks · 38 replies
    The New York Post ^ | September 7, 2019 | Kenneth Garger
    A man was arrested for defacing the iconic “Charging Bull” statue in Manhattan’s Financial District early Saturday, police said. Witnesses spotted Tevon Varlack, 42, of Texas, repeatedly whacking the bull’s right horn with a large unknown metal object while yelling at about 12:30 a.m., authorities said. It’s unclear what Varlack was muttering during his rampage on the popular bronze sculpture, but his attack left visible gashes on the bull’s right horn.
  • Joe Biden will return to Wall Street for fundraisers after climate town hall

    09/04/2019 7:13:39 PM PDT · by yesthatjallen · 13 replies
    CNBC ^ | 09/04/19 | Brian Schwartz
    Former Vice President Joe Biden is heading back to Wall Street for two fundraisers Thursday, the day after he participates in a climate change town hall. Biden has shown a willingness to court big money and corporate-linked donors, even as his campaign tries to distance him from lobbyists. Biden previously visited New York in June for events that included a fundraising stop at the home of short seller Jim Chanos.
  • Wall Street Is Suddenly Woke And It's A Joke

    08/22/2019 5:32:22 AM PDT · by Kaslin · 18 replies ^ | August 22, 2019 | Chris Stigall
    Why all the hand wringing about the economy? If what I read this week in the Wall Street Journal is correct, anyone with a 401K, IRA, or other market-tied investment will most certainly take it in the shorts in the coming years no matter what happens between President Trump and China. Corporate political activism will sink us all. Some of America’s biggest CEOs gathered this week for an event known as the “Business Roundtable.” WSJ’s David Benoit reported on the event and the new language nearly unanimously endorsed from the group was stunning.Specifically, a discussion surrounding the language of their mission...
  • Futures point to Dow opening more than 300 points lower amid US-China trade turmoil.

    08/05/2019 2:29:03 AM PDT · by Drago · 23 replies
    CNBC ^ | 7-5-2019 | Eustance Huang-Silvia Amaro
    Futures on Monday morning pointed to a lower open for stocks stateside. Dow Jones Industrial Average futures dropped 333 points, implying an opening decline of 378 points on Monday’s open, as of 4:35 a.m. ET Monday. Futures also pointed to opening declines for the S&P 500 and Nasdaq on Monday.
  • Jeffrey Epstein’s Former Mentor Says His Bill Clinton Relationship ‘Destroyed’ Him

    07/11/2019 1:12:43 PM PDT · by detective · 23 replies
    The Observer ^ | 07/08/19 | Davis Richardson
    Jeffrey Epstein’s former Wall Street mentor says the financier’s coziness with former President Bill Clinton “absolutely” led to his ruin. “The Clinton relationship destroyed Jeffrey Epstein and did not help Clinton. Because that was his first major high-profile relationship, and he enjoyed the media pizzazz, not understanding it and letting his ego be inflated by being put in articles next to a former president of the United States,” Steven Hoffenberg told Observer. “That raised his pridefulness enormously. It inflated his ego… That changed him.”
  • Deutsche Bank will exit global equities business and slash 18K jobs in sweeping overhaul

    07/07/2019 6:25:08 PM PDT · by Beave Meister · 8 replies ^ | 7/7/2019 | Spencer Kimball
    Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will cut 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to reduce adjusted costs by a quarter to 17 billion euros ($19 billion) over the next several years. The German bank’s decision to scale back investment banking comes just two days after investment banking chief Garth Ritchie stepped down by “mutual agreement.” Deutsche expects its restructuring plan to...
  • Dow soars on news of Trump's meeting with China’s Xi at G-20 as his country’s economy ‘crumbles’

    06/18/2019 1:48:18 PM PDT · by SleeperCatcher · 18 replies
    The National Sentinel ^ | 6/18/19 | Jon Dougherty
    President Donald Trump’s economic policies, coupled with the Republican-led tax reform plan in 2017, have added trillions of dollars in wealth to Wall Street, padding the retirement accounts of tens of millions of Americans. On Tuesday, the president managed to boost the stock market just by tweeting a message of encouragement: He says he and Chinese President Xi Jinping will have an “extended” meeting at the upcoming G-20 meeting in Japan next week. “Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective...
  • The “Wall Street Push Poll”

    05/15/2019 5:26:31 AM PDT · by NOBO2012 · 2 replies
    MOTUS A.D. ^ | 5-15-19 | MOTUS
    The “poll results” that you see are never, I repeat, never intended to reflect the voting plans, thinking, preferences, or views of any segment of the population.  “Polls” are intended to “push” you into voting, thinking, preferring or holding the view endorsed by the pollster - ipso fatso they are “push polls”.At one time the stock market put the “capital” in capitalism, now it serves as more of a slot machine in what has become Wall Street’s giant casino. And like every other gambling establishment it attracts more than its share of shady characters looking to manipulate, control and benefit...
  • 70% of Wall Street thinks Trump will be reelected in 2020

    04/05/2019 9:13:55 AM PDT · by Innovative · 62 replies
    CNBC ^ | Apr. 5, 2019 | Thoma Franck
    A new poll of Wall Street insiders shows that a vast majority expect President Donald Trump to win reelection in 2020. While Joe Biden was viewed as the most stock market-friendly possible Democratic candidate for the White House, more than 70% of survey respondents told global investment bank RBC Capital Markets that they expect Trump to be reelected. "Most expect Trump to win in 2020, but there's still some nervousness around the event," Lori Calvasina, RBC's head of U.S. equity strategy, wrote to clients. Sixty-seven percent "of our March 2019 survey respondents believe that Joe Biden is seen as the...
  • Wall Street Hedge Fd CEO Manuel Henriquez Resigns After Being Caught In University Bribery

    03/13/2019 3:16:20 PM PDT · by CaliforniaCraftBeer · 25 replies
    CBS-KPIX News 5 & The Associated Press ^ | March 13, 2019 | Unknown
    Manuel Henriquez, who was also the top executive investment giant PIMCO until 2016, will be replaced as CEO and chairman of Hercules Capital in Palo Alto. Henriquez was arrested in New York City and released on $500,000 bail after a brief appearance in Manhattan federal court Tuesday. According to court documents obtained by KPIX 5, Henriquez and his wife, Elizabeth, paid a $25,000 bribe to get a [legal proctor] cooperating witness to sit “side-by-side with [their] daughter [Isabelle "Izzy" Henriquez] during the exam and provided her with answers to the exam questions, and after the exam, he “gloated”…about the fact...
  • Puerto Rico bankruptcy decision a Death Star for Wall Street

    01/18/2019 7:34:41 AM PST · by SeekAndFind · 33 replies
    American Thinker ^ | 01/18/2019 | Chriss Street
    A U.S. Bankruptcy Court decision wiping out half of Puerto Rico's general obligation bonds represents a potential Death Star precedent against Wall Street buying municipal bonds from states without a balanced budget. The reason that high-tax rate and potentially insolvent states like California, Illinois, Connecticut, New Jersey, and Maryland have continued to have access to massive new borrowing is Wall Street's ability to sell general obligation municipal bonds to high-income individuals who can benefit from receiving federally tax exempt interest. Most muni investors also believe that the federal government will bail out any state financial crisis. Few Americans understand that...