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NEWS ABOUT: Wall Street

Wall Street Will Lose 10K Jobs

New York comptroller predicts blow to economy

(Newser) - It looks like a lot of Wall Street denizens will be joining the ranks of the unemployed soon, New York’s state comptroller warns in a report released today, predicting that the securities industry will shed nearly 10,000 jobs by the end of 2012. The industry has already cut... More »

Romney Calls Occupy Wall Street 'Class Warfare'

And other tales from the front...

(Newser) - Occupy Wall Street protesters are unlikely to find a friend in Mitt Romney. While speaking to a retirement community in Florida last night, the presidential candidate responded to a question about the anti-Wall Street protests with a brief but decidedly unsupportive comment, as reported by the National Journal : "I... More »

Anonymous Threatens to 'Erase' NY Stock Exchange

But threat is a hoax, separate Anonymous faction claims

(Newser) - Is Anonymous planning an attack on the New York Stock Exchange? A video supposedly from the hacking collective threatens to "erase" the NYSE next Monday, CNBC reports. "NYSE shall be erased from the Internet. On October 10, expect a day that will never, ever be forgotten," warns... More »

Marines Head to Wall Street—to Protect Protesters

Veteran issues call to pals to shield demonstrators

(Newser) - NYPD cops better watch it when they get tough with Occupy Wall Street protesters from now on, because the Marines are coming—to help protect the demonstrators. "I'm heading up there tonight in my dress blues," announced a Marine veteran in a message reposted by another anti-war... More »

Bankers? Off With Their Heads: Roseanne

Comedian advocates the guillotine for Wall Street justice

(Newser) - Roseanne Barr really wants heads to roll on Wall Street, Real Clear Politics reports. Not only does the comedian, author, and Wall Street protester say guilty bankers should pay back earnings over $100 million, she wants a very sharp blade hanging over their heads: "If they are unable to... More »

Wall Street Protest Snarls Brooklyn Bridge; 700 Arrested

Occupy Wall Street demonstrators have biggest clash yet

(AP) - New York City police say about 700 Occupy Wall Street protesters were arrested after they swarmed the Brooklyn Bridge and shut down a lane of traffic for several hours. Police say some demonstrators spilled onto the roadway after being told to stay on the pedestrian pathway. The majority of those... More »

Wall St. Protesters Charge Pepper Spray Abuse

Four women corralled by cops sprayed in face

(Newser) - You just can't Mace people discreetly these days, given the ever-ready video cams and cells phones everywhere. Now Wall Street protesters are screaming pepper-spray abuse by New York cops, and emerging videos and photos of the weekend's confrontation between police and demonstrators appear to be backing them up.... More »

80 Busted in 'Occupy Wall St.'

NYPD cracks down on week-old protest

(Newser) - The NYPD was busily busting protesters yesterday, notching at least 80 arrests on the seventh day of protests known as "Occupy Wall Street," reports the Wall Street Journal . "On our march from Union Square the cops proceeded to use nets to round up people," said one... More »

Dow Tanks at Open

Follows yesterday's trend, down more than 300 points

(Newser) - Should you need another reason to pack it in and go back to bed: After falling 284 points yesterday following the Fed's announcement of Operation Twist , which investors interpreted as yet another gloomy assessment of the economy, the Dow kicked off today by plunging even more—a lot more.... More »

Protesters Descend on Wall Street—and Don't Leave

Inspired by global demonstrations, they plan to stick around

(Newser) - Some 5,000 people gathered in New York's Financial District for a "Day of Rage" on Saturday, and though just a few hundred remain, those still protesting say they're planning to stick around, reports ABC News . The group, calling itself Occupy Wall Street , fell well short of... More »

Dow Opens Below 11K

Drops 270 points following European turmoil

(Newser) - While Americans ate corn on the cob and readied themselves for the premiere of the Real Housewives of Beverly Hills yesterday, Europeans took a beating, with stocks plunging . Investors came face-to-face with that turmoil on their return from the holiday weekend, and the results weren't pretty: The Dow opened... More »

Layoffs Rain Down on Wall Street

Financial industry victim of excessive boom-bust cycle: analysts

(Newser) - Wall Street's typical boom-bust excess means that the current round of cuts sweeping the banks and financial companies is even rougher than in other industries, trashing morale and harming client relationships just when those financial institutions can least afford it, reports Reuters . So far this year, Wall Street has... More »

Stocks Open Down on Gloomy Germany News

Dow down 105 points at open

(Newser) - Germany is bringing everyone down with it this morning: Stocks opened lower at the bell on news that Germany's GDP grew just 0.1% in Q2, sharply down from estimates of 0.5%. The Dow is down 105 points to 11,378, and the Nasdaq and S&P 500... More »

Stocks Bounce Back, Dow Up 250+ Points

Pre-market trading was ... all over the place

(Newser) - What goes way, way down must come up? Stocks continued their climb throughout the morning, with the Dow gaining as much as 309 points on the news that jobless claims, which were expected to rise, decreased by 7,000 to 395,000, reports MarketWatch . The Dow is currently up 251... More »

Forget Yesterday's Gains: Dow Down 400+

Underlying fears about the global economy weigh heavily

(Newser) - Moan. Here we go again. Yesterday's big gain was largely erased at the opening bell today—and was pretty much entirely erased by 11am EST—over fears about the global economy. The Dow fell as much as 446 points, and is currently down around 400 points. Nasdaq and the... More »

Stock Rally Stutters

Falling futures mean we're not out of the woods

(Newser) - Global stocks were up early today following an uptick on Wall Street in the wake of the Fed's pledge to keep interest rates low. But it wasn't clear if the rebound would hold. Asia rates climbed and modest hikes marked Britain's FTSE 100 index (up .2%) and... More »

Three Busted in Naked Wall Street Flash Mob

Performance art intended to call for more transparent finance

(Newser) - For five surreal minutes yesterday morning, Wall Street looked like a nudist colony. At 7am, people all along the street whipped off their clothing, as part of a performance art piece called “Ocularpation: Wall Street.” Artist Zefrey Throwell tells the New York Times that the piece was intended... More »

Stocks Fall on Debt Fears

Dow was down 101 points at open

(AP) - Stocks are falling after congressional leaders failed to agree on a deal to raise the nation's debt limit to avoid default. At the opening bell today, the Dow Jones industrial average fell 101 points, or 0.8%, to 12,575. The Standard & Poor's 500 was down 12,... More »

Halliburton Earnings Shoot Up 54%

Oil giant credits strong demand

(AP) - Halliburton says the expansion of oil and natural gas drilling in North America helped boost company earnings by nearly 54% in the second quarter. Revenue also hit a company record for the period. The Houston oil services giant reported earnings of $739 million, or 80 cents per share today, with... More »

Bernanke Clarifies Stimulus Talk, Markets Tumble

Fed isn't ready to take action soon

(Newser) - Wall Street semantics: Yesterday, Ben Bernanke appeared before Congress and mentioned the word "stimulus." His remarks were widely interpreted to mean that the Fed was poised to take action to bolster the economy, and the markets rose in response. Today, Bernanke resumed testimony and made clear the Fed... More »

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