Wall Street

Inflation & Prices

Deflation Begins to Hit Durable Goods

Photo by Federal Reserve Board of Governors under Public Domain Mark 1.0

Slowing inflation usually means prices are rising, just not as fast as before. But now there is actual deflation.

2 min read

(Photo by Brad Killen via Unsplash)

Autos

GM Sets Out to Soothe Shareholders with Spending Cuts, Dividend Boost

America’s largest auto manufacturer is trying to regain Wall Street’s favor with buybacks and spending cuts on less promising projects.

2 min read
Photo by Gage Skidmore under CC BY-SA 2.0

OP-ED | Power Corridor

Why Wall Street Is Betting On Nikki Haley

She can beat Biden, but first she has to neutralize Trump.

4 min read
(Photo by lo lo on Unsplash)

Finance

Wall Street is Pricing in Interest Rate Cuts

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 hedge fund Bridgewater Associates, is still in damage-control mode following the release of a book…

2 min read

(Photo by Kanchanara on Unsplash)

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
Photo by Ernie Journeys via Unsplash

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
(Photo by Harry Cunningham on Pexels)

Markets

ESG Funds Shrink for the First Time Ever

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

2 min read

Banking

Wells Fargo Gets Called Out for Lax Crime Prevention

(Photo by Griffin Wooldridge on Unsplash)

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

2 min read

(Photo by Magda Ehlers on Pexels)

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
(Photo Credit: Traxer/Unsplash)

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
(Photo by Donreál Lunkin on Unsplash)

Media & Entertainment

AMC Swung to a Profit, Still Needs More Cash

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

1 min read

OP-ED | Power Corridor

How Executives Navigate the Outrage Treadmill

Earlier this year, the town of Easthampton, Mass., made international headlines over an executive search for a new superintendent.

6 min read

(Photo by Ben White on Unsplash)

Consumer

Starbucks, Coffee Drinkers Don’t Have Time for a Struggling Economy

Shares of Starbucks jumped more than 9% Thursday after the company posted better-than-expected Q4 earnings.

1 min read
(Photo by Edgar on Unsplash)

Banking

Low Deal Flow Means Lower Bonuses for Wall Street

After 10 months of slower-than-anticipated deal flow, bankers are expecting less-than-stellar year-end holiday bonuses.

1 min read
(Photo by Jazz Guy under CC BY 2.0)

M&A

Chevron’s Hess Acquisition Fuels Broader M&A Frenzy

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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