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Risk asset selloff continues in Asia-Pacific markets
Asia-Pacific stock markets plunged in early trade as turmoil surrounding President Donald Trump set off a flight to haven assets. Bonds, yen and gold gained.Here's the scorecard:ASX 200: 5,756 -29...
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A consumer-protection rule that had been delayed by Trump is set to go through
The US Labor Department will implement its fiduciary rule on June 9 with no further delays, marking a short-term win for consumer-protection advocates.The department's rule, which requires brokers...
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2,000 Wall Streeters just had a meeting in Las Vegas, and they all kept...
One distinct noise dominated the biggest Wall Street conference of 2017. It wasn't the "Wolf of Wall Street" types screaming at the craps table, or the plink-plink-plink of slot machines as dad-bros...
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A definitive breakdown of the gloomy state on Wall Street
Don't be fooled.While Wall Street bank revenues appeared to bounce back in the first quarter of 2017, with banks posting strong results in fixed income trading in particular, industry-wide revenues...
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Wall Street's workforce is slowly and relentlessly shrinking
It's relentless.Every year, the number of bankers and traders employed by the largest banks on Wall Street shrinks a little. Headcount across investment banking, equities and fixed-income trading at...
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The investing business is about to go through 'the largest competitive...
Investment managers are in for a wave of consolidation the likes of which the industry has never seen before.Several factors are driving this “the largest competitive realignment in asset-management...
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This is the future of investing, and you probably can't afford it
Big money investors have always sought an edge. Everything from star traders to fast computers to unique analysis can give a big hedge fund an advantage over competitors. The latest battleground is...
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Why the Trump effect matters for investors betting on a strong US dollar
After a bout of strengthening on President Donald Trump’s promises to boost infrastructure spending, cut taxes and get America going, the US dollar has reversed and weakened against the euro and yen.A...
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This is the one thing that could make Wall Street lose 'confidence in the...
Gary Cohn, the influential economic adviser to President Donald Trump and former Goldman Sachs executive, may not stay long in the White House, according to Axios' Mike Allen.Cohn could leave if a new...
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Wall Street regulators just got a powerful reminder of one of the first rules...
Wall Street regulators decided four years ago to try and dampen leveraged lending by big banks.According to a staff report from the Federal Reserve Bank of New York, big banks did cut back their...
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The champions of the Trump trade are on life support
Bank stocks just did something not seen in 14 months. And it isn't pretty.The KBW Bank Index underperformed the S&P 500 for the fifth straight day on Wednesday, the longest such streak since March...
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The most iconic power lunch in New York City is coming back with a vengeance
Starting on June 19, lunch will once again be served in the most iconic dining room in New York City, The Grill Room (formerly the Four Seasons Restaurant).Expect high expectations. Last year, The Four...
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Wall Street has been dead wrong on one of its biggest calls of the year
The call up and down Wall Street was the same: Treasury yields would rise in 2017 as Donald Trump would bring inflation back to the US.Strategists and traders were betting that Trump's protectionist...
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A notorious activist investor explains why he came to love that label
Billionaire Paul Singer, founder of hedge fund Elliott Management, is a polarizing figure. As an activist investor — who tries to shake up boardrooms or challenge corporate leadership — he is admired...
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Keep these 5 things in mind to get the most out of your summer...
Young wannabe investment bankers are descending upon Wall Street for their summer internships.Many are entering with one main goal: secure an analyst position at the firm where they are interning.Scott...
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By reversing Wall Street regulations we're risking another Lehman Brothers...
They say human beings have short memories, but this is outright amnesia.Donald Trump and the Republican Party’s efforts to dissolve many of the new regulations imposed on major Wall Street banks in the...
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28 photos of ripped Wall Streeters testing their physical limits at the most...
The D10 isn't for the faint of heart. The intense competition pushes its athletic contestants to their ultimate physical limits. A favorite among the Wall Street crowd, its goal is to raise money to...
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Wall Street loves the Trump administration's plan to dismantle financial...
Wall Street is in love with the Trump administration's plan to cut regulations imposed after the financial crisis. The Department of the Treasury on Monday released a 150-page report, which suggests...
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A new law in New York City eliminates your least favorite interview question...
Don't tell Wall Street executives how to pay their people.At least that's what the two chairmen of the Partnership for New York City, a nonprofit membership organization made up of top business leaders...
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United just obliterated Hawaiian Airlines' stock (HA, UAL)
Hawaiian Holdings, the parent company of Hawaiian Airlines, saw its stock plunge more than 10% Wednesday morning after an analyst downgrade and more competitor flights to the islands. United...
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