Wall Street

President-elect Donald Trump is turning to Wall Street veterans for advice on assembling his forthcoming administration. What Happened: Trump’s triumph has been met with a positive reaction from the stock market, with U.S. stocks recording their fifth-highest single-day performance. According...

Stocks held by consumer-lending firms fell last week after Wall Street executives warned of lower-income borrowers’ struggling to pay bills. What Happened: Banking executives at a recent Barclays conference in New York noted how delinquencies are on the rise, the Wall Street Journal reported...

Key figures in the world of finance are rallying behind Vice President Kamala Harris in spite of her past tensions with Wall Street and her potential impact on financial sector stocks if elected president. What Happened: Billionaires such as Jonathan Gray of Blackstone, Marc Lasry from Avenue...

For the first time, an Ethereum (CRYPTO: ETH) banner was flown outside the New York Stock Exchange building, symbolizing the world’s second-largest cryptocurrency’s rising importance on Wall Street. What Happened: In a video posted Thursday by Bitwise President Teddy Fusaro, the banner...

As American families gather to celebrate Independence Day, many investors and traders are curious about the market schedule for the July Fourth holiday. Here's a concise guide to help you navigate the trading week around this holiday. Market Schedule Overview Around Independence Day The U.S. stock...

Shares of the largest banks in the U.S. made modest gains on Monday as the Federal Reserve showed other U.S. regulators possible changes to its bank-capital overhaul that would lighten the load on Wall Street lenders, according to sources familiar with the matter. The revisions would walk back key...

New York City’s controversial plan to charge $15 for congestion pricing to enter Manhattan has been stalled. What Happened: New York Governor Kathy Hochul announced an indefinite pause on Wednesday. "Let's be real: a $15 charge may not mean a lot to someone who has the means, but it can...

The United States government is currently paying an unprecedented $2 million per minute in interest on its national debt, a figure that is expected to continue rising. This development has sparked a debate on Wall Street about the impact of higher interest rates on the economy. What Happened: The U...

The ongoing surge in Bitcoin (CRYPTO: BTC) prices is proving to be a boon for cryptocurrency miners. Their revenues have soared to unprecedented levels, thanks to a perfect storm of factors including the upcoming halving event and the growing interest from Wall Street, Deutsche Bank said in a...

The U.S. economy is currently experiencing a peculiar situation. A crucial recession indicator has been flashing for over a year, yet the other vital component of a downturn is nowhere to be found, DataTrek Research wrote in a note. What Happened: The spread between the 10-year and three-month...

Wall Street saw a muted trading session as major indices dipped into the red by midday in New York. Traders are currently anticipating further insights into monetary policy from the forthcoming Federal Reserve meeting minutes. Investors are also poised for another significant event, as Nvidia Corp...

In a significant pivot from long-standing practices, major Wall Street banks are abandoning marijuana and other substance tests for job applicants. This move signals the growing acceptance of cannabis in the professional world and reflects broader legal and societal shifts. Here’s how major...

As the 2024 elections approach, Wall Street traders are showing a surge of unease, as demonstrated by the Cboe Volatility Index, Wall Street’s so-called “fear gauge,” which reveals an alarmingly high level of anxiety among traders. What Happened: The Cboe Volatility Index, has...

Notorious for guiding the world’s most volatile IPOs in 2022, brokerage firm Network 1 Financial Securities Inc. is gearing up to usher a new group of microcap companies into the U.S. exchanges. What Happened: The Red Bank, New Jersey-based firm is set to underwrite for Epsium Enterprise Ltd...

In a recent public webcast, Jeffrey Gundlach, CEO of DoubleLine Capital and billionaire investor, expressed concerns about a potential recession and a downturn in the S&P 500. What Happened: Gundlach held a bearish stance on the market, indicating the S&P 500 is a less-than-ideal investment...