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John Oliver Joins Inverse Jim Cramer Craze, Says You'd Live '50 Years' If Cramer Predicted You'd Die 'Tomorrow'
Wednesday, April 26, 2023 - 2:39pm | 1068Talk show host John Oliver has shared commentary on Jim Cramer previously and held nothing back when discussing the CNBC host's past comments about cryptocurrency and FTX co-founder Sam Bankman-Fried. What Happened: During an episode of “Last Week Tonight with John Oliver,” the...
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If You Invested $1,000 In SPY At The End Of The Last Recession, Here's How Much You Have Now
Tuesday, June 28, 2022 - 6:27pm | 533The U.S. stock market officially entered a market correction recently with the S&P 500 down 20% from all-time highs. Many have pointed to the potential of a recession and searches for the term are hitting record highs on Google. Here’s a look at how investors have fared since the last...
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This Day In Market History: Bear Stearns Merges With JPMorgan
Wednesday, March 16, 2022 - 9:06am | 293Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 16, 2008, Bear Stearns merged with JPMorgan Chase & Co. (NYSE: JPM). Where The Market Was: The Dow finished the next day at 11,972.25. What Else Was Going On In The World...
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Here's How Much Investing $100 In JPMorgan Stock Back In 2010 Would Be Worth Today
Saturday, January 11, 2020 - 1:05pm | 355Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks didn’t keep pace along the way. JPMorgan’s Big Decade One market leader of...
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The Best Parts Of Rolling Stone's Takedown Of Goldman Sachs Amid Trump's Appointment Of Gary Cohn
Wednesday, December 21, 2016 - 10:29am | 723During his campaign, President-elect Donald Trump dissed about half of the United States’ major corporations, and Goldman Sachs Group Inc (NYSE: GS) was not exempt from his rage – pretty much the opposite. Trump repeatedly promised to “drain the swamp,” making reference to...
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Is The Marketplace Loan ABS Market Just Like The MBS Market A Decade Ago?
Friday, June 10, 2016 - 1:14pm | 337Former Bear Stearns mortgage-backed securities (MBS) trader Perry Rahbar recently wrote about the danger of financial innovation without transparency. According to Rahbar, innovation without transparency was the true underlying cause of the Financial Crisis. Rahbar argued that the MBS market itself...
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Jamie Dimon: JPMorgan Could Theoretically Buy Every Bank's Stress-Test Losses
Thursday, April 7, 2016 - 9:10am | 338JPMorgan Chase & Co. (NYSE: JPM)'s CEO Jamie Dimon touted his bank's financial strength in the bank's annual letter to shareholders. According to Dimon, JPMorgan Chase "did absolutely fine" during the 2008 and 2009 financial crisis, as the bank "never lost money," continued to serve clients and...
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Robert Sechan, Steven Tananbaum And Anthony Scaramucci On 'Post-Economic Traumatic Stress' – Or, The Decline Of Lehman
Saturday, September 19, 2015 - 11:45am | 465Benzinga got a sneak peek of this Sunday’s Wall Street Week show. This week’s guests will be Mary Deatherage, managing director at Morgan Stanley Private Wealth Management; Robert Sechan, managing director at UBS; Steven Tananbaum, managing partner and CIO at GoldenTree Asset...
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Have Big Banks Fully Recovered From The Financial Crisis?
Tuesday, March 10, 2015 - 11:44am | 675The current bull market turned six years old on Monday, and it seems appropriate to take a look back and see how far stocks have come since the S&P 500 hit a Financial Crisis low of 676.53 on March 9, 2009. The S&P itself has more than tripled in value, up about 207 percent in those six...
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Barron's Recap (9/29/12): Time to Buy Goldman
Monday, October 1, 2012 - 6:55am | 936This past weekend in Barron's online: why Goldman Sachs has held up better than its competitors, the prospects for Trinity Biotech, Steelcase and the Kraft Foods spinoff, and what it means to be a leader of philanthropic causes today. Cover Story "Built to Win" by Michael Santoli. In the...
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Ace Greenberg of Bear Stearns on Obama, Bernanke, Warren Buffett
Monday, February 27, 2012 - 11:58am | 222Earlier, former Bear Stearns Chairman Ace Greenberg appeared on CNBC and discussed a variety of economic topics. On Obama, Greenberg stated that he has been handed more problems than any other president in recent years. Greenberg was amazed that the country has managed to bounce back from many...
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Fannie and Freddie Fantasies
Monday, December 26, 2011 - 9:39pm | 4952An important but fundamentally flawed debate about Fannie and Freddie's role in the ongoing crisis has raged since the SEC sued the former senior managers of both entities for securities fraud. The Wall Street Journal and Peter Wallison (in the WSJ) have claimed that the suit vindicates their...
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Why Is Gold So Weak Today?
Monday, September 12, 2011 - 3:12pm | 803Normally when stocks are getting crushed, as they are today, gold is a safe haven. Right now, however, gold is plunging, down another $50 an ounce today, hovering just above $1,800 an ounce. This begs the question - why? There are two schools of thought on this. One is that investors are...
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Wall Street a Victim of Its Own Success and Government Regulation (MS)
Wednesday, November 3, 2010 - 10:37am | 152Senior Editor at CNBC.com, John Carney, is out with a very compelling article this morning entitled, “Why Wall Street Abandoned Partnerships.” Within the piece, the author reminds us that regulation of Wall Street (And the unintended consequences of doing such) is not a new phenomenon. According...
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Interview With Former Bear Stearns CEO and Chairman Alan "Ace" Greenberg
Tuesday, March 16, 2010 - 1:54pm | 516Bloomberg Television’s Margaret Brennan had an insightful interview with former Bear Stearns CEO and Chairman Alan "Ace" Greenberg. The two spoke about a wide range of topics but most of the interview dealt with the collapse of Bear Stearns and its aftermath when the firm was acquired by JP Morgan...