Wall Street

Consumer

Macy’s Says Accounting Worker Hid $154 Million in Expenses

Photo by Phillip Pessar via CC BY 2.0

Macy’s shocked markets Monday when it discovered a single worker hid up to $154 million in delivery expenses over the last three years.

2 min read

Photo via Connor Lin / The Daily Upside

Hedge Funds

Archegos’ Hwang Sentenced to 18 Years For Gargantuan Fraud That Walloped Wall Street

Hwang’s sentencing bookends a dramatic saga that began with the shock implosion of his firm that cost Wall Street billions.

2 min read
Photo by Chenyu Guan via Unsplash

Banking

Wall Street’s Trading Assets Cross $1 Trillion

It’s got to be at least a yellow flag whenever 2008 — the height of the Great Recession — is your point of reference, no?

2 min read
Photo by Lucky Photographer via iStock

Advisor Upside

Wall Street Bonuses Surge for First Time Since 2021

The past two years haven’t been too kind to Wall Street comp plans, but that might be changing as bonuses make a comeback.

2 min read

Markets

The NYSE Wants to Go 22/5 on Its Arca Exchange

Photo by David Vives via Unsplash

The NYSE said Friday that it plans to extend trading hours for equities on its electronic Arca exchange to 22 hours on weekdays.

2 min read

Economics

The Fed Finally Delivers on Promise to Slash Interest Rates

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The Federal Reserve finally slashed interest rates, delivering a half-point cut — the high end of consensus expectations.

2 min read

Photo by Jason Briscoe via Unsplash

Big Tech

Wall Street Spreads More Love Outside of Big Tech

Investors are pivoting away from the Magnificent Seven, favoring the rest of the S&P 500.

2 min read
Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Finance

What’s Fueling the Market Rebound?

The S&P 500, having recovered all its losses from earlier this month, sits just less than 2% away from the all-time peak it reached in July.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

Finance

How Will Wall Street’s AI Experiment End?

Like money, artificial intelligence never sleeps. Financial institutions have pulled out all the stops to fit AI into their own operations.

5 min read

Big Tech

Silicon Valley Gears Up for Crucial Earnings Week

Photo by Anthony Quintano via CC BY 2.0

Apple, Amazon, Microsoft and Meta all report earnings this week. Wall Street is dying for any hint that heavy investment in AI is paying off.

2 min read

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