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The stock market is dismissing the threat of war with Iran so far — and...
There's one place where the recent US-Iran crisis hasn't really registered: the stock market.In the immediate aftermath of an American airstrike that killed Iranian military commander Qassem Soleimani...
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Goldman Sachs lost at least 36 partners last year. Here's a list of all the...
Goldman Sachs said goodbye to dozens of partners last year when they left the firm, renounced their membership in one of Wall Street's most desirable clubs, or made it clear they'd leave by the end of...
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Citi earnings beat estimates as fixed-income trading spikes 49%
Citigroup on Tuesday reported fourth-quarter earnings that bested Wall Street estimates for earnings and revenue. The firm posted a 49% gain in fixed-income trading revenue, more than double the...
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Goldman Sachs misses profit forecasts as legal costs double to more than $1...
Goldman Sachs posted its fourth-quarter earnings Wednesday morning, missing the lowest analyst estimate for quarterly profit.The firm's bottom line was hit by $1.09 billion in litigation expense for...
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A small corner of Wall Street trading exploded in 2019 with more than 500%...
Wall Street's top bond-trading houses have reported stellar revenues in fixed-income trading for the fourth quarter and strong results for all of 2019. Part of the explanation is a low baseline: 2018...
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Wall Street is more terrified of an Elizabeth Warren presidency than...
A series of five reports that Barclays drew up last year drew a largely negative portrait of a Warren presidency, according to a recent Mother Jones report.They assessed negative impacts on private...
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GOLDMAN SACHS: Lagging fund inflows can drive the stock market even higher
The stock market is having room to run even higher this year despite a 29% gain in 2019 and warnings of a reversal, Goldman Sachs analysts wrote.Fund inflows are lagging the surge in US equities,...
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JPMorgan raises CEO Jamie Dimon's pay to $31.5 million after notching its...
JPMorgan Chase raised CEO Jamie Dimon's pay package to $31.5 million after the company's most profitable year in history.The compensation package includes $25 million in stock units, $1.5 million in...
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Discover plunges the most in a decade after warning investors of rising expenses
Discover stock fell the most in more than a decade after warning it may need to boost operating expenses as much as 11% in 2020.The company's increased spending will drive marketing for non-card...
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The legendary author of 'Rich Dad, Poor Dad' says he's avoiding stocks as he...
Robert Kiyosaki, author of the best-seller "Rich Dad, Poor Dad," says investing in stocks, ETFs, or mutual funds at this time is "not safe."He calls the Federal Reserve, Treasury, and Wall Street...
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Goldman Sachs files to create a novel type of ETF that will keep certain...
Goldman Sachs filed to create a new type of exchange-traded fund that wouldn't disclose its holdings on a daily basis.The Goldman Sachs Multi-Asset Income ETF would invest across US stocks, American...
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Several Wall Street banks want to offer a toxic investment product for the...
Banks are rushing to sell investors synthetic collateralized debt obligations for the first time since the financial crisis, International Financing Review reported Friday.The assets are related to...
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Inside Goldman Sachs' first investor day, where avocado toast and crab apples...
Goldman Sachs held its first-ever investor day this week, and the event was attended by hundreds of analysts and portfolio managers.Bank executives gave a series of presentations intended to provide...
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Michael Lewis famously tore apart Warren Buffett. Here's what he said, and...
Michael Lewis tore into Warren Buffett in a scathing article in 1992.The "Moneyball" author said the billionaire investor "sold his reputation" when he became chairman of Salomon Brothers, the...
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Google Cloud is spending big to hire the right salespeople and developers,...
On Monday, Google Cloud reported that it generated $2.6 billion in revenue this past quarter, and $8.9 billion across all of 2019.Analysts estimate that Google Cloud is on its way to closing the gap...
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UBS is restricting employees' travel in China and implementing a...
UBS is restricting employees' travel to, from, and within China amid the Wuhan coronavirus outbreak.It's also implemented a global work-from-home policy for staff returning from the Hubei Province,...
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MORGAN STANLEY: Here are 5 reasons why US stocks will shrug off coronavirus...
The US stock market can jump more than 5% in the first half of 2020 after tumbling on coronavirus concerns, Morgan Stanley said.The S&P 500's correction of 3.5% was relatively small and "should...
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Hedge fund giant Ken Griffin highlights the 4 key qualities a company needs...
Hedge fund billionaire Ken Griffin expects direct listings to grow even more popular in 2020, but noted that not all firms are meant for the unconventional approach to public markets.Companies eyeing...
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Former Goldman Sachs intern sues the bank, alleging it fostered a 'fraternity...
A former intern at Goldman Sachs is suing the bank and several of its employees, alleging the firm condoned a "fraternity culture" that resulted in a traumatic brain injury.Patrick Blumenthal's lawyers...
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Wall Street is unfazed by Bernie Sanders so far since investors believe Trump...
Sanders recently won primary victories, causing some, like ex-Goldman CEO Lloyd Blankfein, to warn that the Vermont senator's policies would wreck the American economy.Most investors on Wall Street are...
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