Stories tagged: Wall Street
Fri., May 19, 2017, 8:27 a.m.
Foot Locker stock plunges after blaming tax-refund lag for slowdown
Foot Locker Inc. suffered its worst stock decline in more than eight years after first-quarter results missed analysts’ estimates, an outcome the retailer blamed in part on slow income-tax refunds.
UPDATED: Wed., May 17, 2017, 1:43 p.m.
Stocks have worst day since September as traders worry about Washington turmoil
Stocks dropped and foreign currencies gained against the U.S. dollar as the weeklong drumbeat of bad news surrounding the Trump administration sows doubts about whether the president’s pro-business policies will …
Tue., May 9, 2017, 4:54 p.m.
Eight senators seek insider trading investigation of Carl Icahn
Eight U.S. senators have requested an investigation into whether a billionaire investor and adviser to President Donald Trump violated insider trading rules with bets made in the renewable fuel credit …
Sun., May 7, 2017, 8 a.m.
Why Wall Street can’t stop talking about its favorite show
The hedge fund industry is a secretive world led by tight-lipped titans who make more than $1 billion a year. It shouldn’t enjoy having its quirky habits probed on television. …
Sun., May 7, 2017, 7:35 a.m.
Women, minorities are still nearly shut out of this $71 trillion industry
Women and minorities are locked out of some of Wall Street’s most lucrative positions, managing just 1.1 percent of the $71.4 trillion of the industry’s assets, according to a report …
Wed., May 3, 2017, 3:34 p.m.
Dems shift financial debate to spotlight Trump’s empire
The Republican drive to overhaul financial regulations on Wednesday turned into a contentious debate over Democratic efforts to cast a spotlight on President Donald Trump’s business empire and his refusal …
Wed., May 3, 2017, 8:17 a.m.
House GOP blocks Dem efforts to protect consumer watchdog
House Republicans on Wednesday blocked Democratic efforts to preserve the independence of a consumer watchdog created after the 2008 economic meltdown as the GOP pressed ahead with an overhaul of …
Tue., May 2, 2017, 7:57 a.m.
GOP targets Dodd-Frank law enacted after 2008 financial meltdown
Republicans who eagerly awaited a GOP president so they could take a heavy knife to many of the regulatory requirements for banks, insurers and other financial institutions finally get their …
UPDATED: Mon., May 1, 2017, 4:10 p.m.
Trump weighs breaking up Wall Street banks, raising gas tax
President Donald Trump said he’s actively considering a breakup of giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer and investment banking.
Tue., April 25, 2017, 8:34 a.m.
Wells Fargo faces shareholders, protesters at annual meeting
Wells Fargo’s top management and board of directors apologized to investors and faced a series of protesters Tuesday at the first big shareholder meeting since a scandal over sales practices …
Mon., April 24, 2017, 8:07 a.m.
U.S. stocks follow global markets higher after French election
U.S. stocks joined a worldwide rally Monday morning after election results in France over the weekend raised expectations that the European Union and euro currency will remain intact. A candidate …
Tue., March 28, 2017, 8:28 a.m.
U.S. stock indexes veer higher as consumer confidence gains
U.S. stock indexes moved slightly higher in morning trading Tuesday as investors weighed the latest batch of company earnings and economic news. New data showed strong gains in consumer confidence …
UPDATED: Mon., March 27, 2017, 8:58 p.m.
‘Fearless Girl’ statue can stay at Wall Street through Feb. 2018, NYC mayor says
Mayor Bill de Blasio has decided that the globally popular statue of a young girl staring down Wall Street’s famous “Charging Bull” will remain in place through February 2018.
Mon., March 27, 2017, 8:43 a.m.
Stocks sink as ‘Trump trade’ flips into reverse
Stocks around the world sank Monday on worries that the Trump White House may not be able to help businesses as much as once thought. Many of the trends that …
UPDATED: Thu., March 23, 2017, 4:32 p.m.
SEC nominee faces tough questions on Wall Street connections
For years, Jay Clayton has helped Wall Street weather run-ins with its regulators. On Thursday, he told lawmakers that he should be the one to regulate them.
Wed., March 22, 2017, 1:14 p.m.
Trump’s SEC pick, an ex-Goldman lawyer, to face skepticism
Goldman Sachs may be about to get another friend in Washington.
Thu., March 9, 2017, 10:27 a.m.
An aging, maligned bull market gets some birthday love
One of the greatest runs for the stock market in history is marking its eighth anniversary, and this time investors are joining the party. They’re putting more dollars into mutual …
UPDATED: Wed., March 8, 2017, 6:33 p.m.
‘Fearless Girl’ statue stares down Wall Street’s iconic bull
A new statue of a resolute young girl faced Wall Street’s famous Charging Bull on Wednesday, erected by a $2.5 trillion asset managing firm for International Women’s Day to make …
Wed., March 8, 2017, 8:55 a.m.
Freakish peace envelopes U.S. bull market as year eight rolls by
Eight years on, Wall Street’s bull market shows few signs of waning
Tue., March 7, 2017, 7:54 a.m.
Oh Snap? After bursting out of the gate, shares give way
Anyone wanting to invest in the company that owns Snapchat will have an opportunity to do something that early investors were unable to do: buy shares for less than they …
Tue., Feb. 28, 2017, 7:20 a.m.
Target rattles Wall Street with weak quarter, outlook
Target reported a 43 percent drop in fourth-quarter profit and weak store sales overshadowed an improving online performance. Its outlook for the first quarter and all of 2017 were far …
UPDATED: Mon., Feb. 27, 2017, 4:46 p.m.
Why the stock market has climbed to record highs despite Trump uncertainty
It’s often said the stock market hates uncertainty, so one might assume Wall Street would be very skittish about President Trump. Far from it, at least for now.
Fri., Feb. 17, 2017, 7:11 a.m.
‘In Trump We Trust’ is market mantra as chaos besets White House
Follow the money: it’s a classic Washington catchphrase. And if you follow the money on Wall Street right now, it’s hard to see how all that chaos in the White …
Fri., Feb. 10, 2017, 9:51 a.m.
Fed urged to nix stress tests as GOP pushes banks’ wish list
Republican lawmakers are increasingly going after a target that’s long triggered compliance headaches for Wall Street: the Federal Reserve’s annual assessments of whether banks can survive financial meltdowns.
Fri., Feb. 3, 2017, 2:14 p.m.
Banks lead stock surge as investors hope for regulation cuts
Banks and other financial companies made big gains Friday after President Donald Trump moved to scale back regulations on the financial industry. Other stocks also rose as investors were also …
Fri., Feb. 3, 2017, 10:06 a.m.
Trump to sign executive order calling for rollback of Wall Street reform
President Donald Trump plans to sign an executive order on Friday to ease regulations put in place after the 2008 financial crisis to rein in Wall Street, according to a …
Wed., Feb. 1, 2017, 1:37 p.m.
Apple surges on iPhone sales; stock indexes wobble
Investors didn’t react much to a strong hiring survey or the Federal Reserve’s decision to leave interest rates unchanged Wednesday, and U.S. stocks finished little changed Wednesday. Apple soared after …
Wed., Jan. 25, 2017, 1:42 p.m.
Dow tops 20,000 as earnings feed rally, bonds fall
The Dow Jones Industrial Average climbed past 20,000 for the first time as stocks around the world extended a rally after corporate earnings reignited investors’ optimism in economic growth. Bonds …
Wed., Jan. 25, 2017, 8:17 a.m.
Boeing sees more airliner deliveries, lower defense revenue
Boeing Co. beat Wall Street expectations for fourth-quarter profit despite a slump in revenue from its defense business. The company forecast Wednesday that deliveries of commercial airplanes will rise slightly …
Thu., Jan. 12, 2017, 7:32 a.m.
Cowen & Co. races to be $6 billion pot industry’s financial guru
Cowen & Co., the nearly century-old firm founded as a bond brokerage, is racing to become Wall Street’s leading provider of cannabis research, staking a claim to an industry generally …