Wall Street

Finance

Wall Street is Pricing in Interest Rate Cuts

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Increasingly, Wall Street thinks we see rate cuts soon, according to a Wall Street Journal analysis published Monday.

2 min read

OP-ED | Power Corridor

‘If You’re So Smart, Why Aren’t You Rich?’

It sounds like something a gunslinging, billionaire hedge fund manager might say. And it is. Ray Dalio, founder of the highly secretive, $100 billion…

2 min read
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Media & Entertainment

Crypto Exchange Bullish Buys Crypto News Site CoinDesk

CoinDesk was acquired in an all-cash deal by Bullish, a crypto exchange run by former NYSE president Tom Farley.

2 min read
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Banking

Wells Fargo Branches Join America’s Union Push

Workers at two Wells Fargo locations launched efforts to unionize this week, marking a rare unionization effort in the banking world.

2 min read

Markets

ESG Funds Shrink for the First Time Ever

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This year’s third quarter marked the first time that more sustainable funds either liquidated or shed their ESG criteria than were added.

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Banking

Wells Fargo Gets Called Out for Lax Crime Prevention

Watchdogs have been badgering Wells Fargo about its lackadaisical approach to monitoring and preventing financial crimes.

2 min read
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Indicators

US Retail Sales Dip in October, But It Could’ve Been Worse

According to the US Commerce Department released Wednesday, retail sales dipped slightly month-over-month in October, falling just 0.1%.

2 min read
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Blockchain

Former FTX Execs Hope You Forget Their Old Employer

A group of former FTX employees, who were key witnesses in Sam Bankman-Fried’s fraud trial, are planning to launch a new crypto exchange.

1 min read

Media & Entertainment

AMC Swung to a Profit, Still Needs More Cash

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AMC, the world’s largest movie theater chain, said Thursday that it filed to offer up to $350 million of stock.

1 min read

M&A

Chevron’s Hess Acquisition Fuels Broader M&A Frenzy

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On Monday, Chevron said it would acquire energy player Hess for $53 billion. It’s the latest megadeal in a wildly active industry this month.

2 min read

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Banking

Goldman Sachs Sees Profits Plummets Amid Consumer Pivot

Goldman Sachs saw its profits slump 33% in its latest quarter, as the bank continues retreating from the consumer banking sector.

2 min read
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Personal Finance

Hiring Slowdowns Have MBA Grads Scrambling for a Plan B

With economic uncertainty looming over the finance industry, a handful of the most popular firms have cut back their MBA hiring efforts.

2 min read
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Finance

Carl Icahn’s Big Bet Against Shopping Malls Hasn’t Exactly Worked Out

Wall Street legend Carl Icahn bet big and — so far — has lost big on a wager against US shopping malls by way of a risky derivative strategy.

2 min read

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