Wall Street

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How Wall Street Grabbed $60B&mdash;and Your House
How Wall Street Turned
These Houses Into 'Hell'
longform
Mar 8, 2020 12:28 PM CDT

How Wall Street Turned These Houses Into 'Hell'

Companies snapped up 200K homes nationwide after the financial crisis

(Newser) - Chad Ellingwood's life is pretty much hell, and Wall Street is stoking the flames. That's according to a New York Times Magazine article chronicling his fall from happy homeowner in LA County's San Fernando Valley to miserable, embattled tenant in the same property, now owned by a...

Buoyed by Biden, Dow Takes a Big Jump

Opens up more than 600 points

(Newser) - Global stock markets turned higher Wednesday—and the Dow followed suit—extending days of volatility as investors weighed the economic impact of the coronavirus outbreak and Joe Biden's big gains in the Democratic primaries. "A higher probability of a more centrist Democrat candidate has provided some comfort” for...

Stocks Plunge Amid Uncertainty Over Virus
Dow Falls More Than
600 Points Amid Virus Scare
updated
Jan 31, 2020 3:15 PM CST

Dow Falls More Than 600 Points Amid Virus Scare

Technology stocks lead the losses, with Apple falling 3.9%

(Newser) - Stocks plunged on Wall Street as investors feared that a virus outbreak that originated in China will dent the global economy, the AP reports. Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The...

Stocks Drop Amid US-Iran Clash
US-Iran Clash
Troubles Wall Street
markets
Jan 7, 2020 3:05 PM CST

US-Iran Clash Troubles Wall Street

The Dow, S&P, and Nasdaq all take a dip

(Newser) - Stocks are closing lower on Wall Street as investors wait for the next step in the increasingly tense US-Iran confrontation, the AP reports. Oil prices gave up some of their recent gains after a US drone strike killed Iran's top general on Friday. Banks and makers of consumer products...

Wall Street Picks a Favorite
Wall Street Picks
a 2020 Favorite
Dec 21, 2019 4:00 PM CST

Wall Street Picks a 2020 Favorite

As you can guess, it isn't Elizabeth Warren

(Newser) - The financial sector, blamed by progressives for spawning the 2008 economic collapse, is lining up behind Pete Buttigieg’s presidential campaign. The mayor of South Bend, Indiana, has collected more campaign cash from donors and political action committees tied to the financial, insurance, and real estate sector than any other...

Guru: Exercise Titan Is So Done
Guru: Exercise Titan Is So Done
Dec 11, 2019 4:48 PM CST

Guru: Exercise Titan Is So Done

Andrew Left at Citron Research sees dark days ahead for Peloton

(Newser) - Peloton's month could get worse—we're just not sure how. First, a company commercial was widely panned and inspired a tongue-in-cheek response . Then stock fell, and kept falling this week. Now an esteemed short seller predicts that Peloton shares will plunge to just $5 in 2020, CNN Business...

It's a Down Day for Stocks, Brutal for One Retailer

Urban Outfitters plunges 15.2%

(Newser) - Stocks are closing lower on Wall Street as investors worry that the US and China may not reach a trade deal this year, the AP reports. Technology and communications stocks helped pull the market lower Wednesday. Analog Devices, a chipmaker, fell 2.8%. AT&T lost 2.2%. Several retailers...

Brexit Talks Help Spark a Buying Mood
Dow Edges Up 23
markets
Oct 17, 2019 3:18 PM CDT

Dow Edges Up 23

And the S&P rises 8 points on upbeat day

(Newser) - Stocks are closing broadly higher on Wall Street as some solid corporate earnings and a breakthrough in negotiations over Britain's exit from the European Union put investors in a buying mood, the AP reports. Companies including Netflix, CSX, and Morgan Stanley rose Thursday after reporting surprisingly good profits. Industrial...

Trump Protester Whacked Wall Street Bull on the Horns

Texas man is charged after weird attack

(Newser) - There are people who love President Trump, there are people who don't love President Trump, and then there are the kind of people who decide to protest President Trump by attacking a statue of a bull with what was apparently some kind of a musical instrument. Tevon Varlack, who...

Banks Are Up, Health Care&#39;s Down
Stocks Take a Rocky Ride
markets
Aug 22, 2019 3:20 PM CDT

Stocks Take a Rocky Ride

And remarks by Fed officials leave investors uncertain

(Newser) - Stocks ended an up-and-down day mostly lower as losses for health care and technology companies offset gains in banks and other sectors, the AP reports. UnitedHealth Group gave up 3.1% Thursday and Adobe lost 1.3%. Remarks from two Federal Reserve bank presidents left investors less certain about the...

Retailers: We Have Good News
Retailers: We Have Good News
markets
Aug 21, 2019 3:22 PM CDT

Retailers: We Have Good News

Target jumps 20%, Lowe's 10% on an upbeat day

(Newser) - Stocks closed higher on Wall Street as investors applauded encouraging quarterly results from major retailers, the AP reports. Target soared 20% Wednesday after releasing earnings that blew past analysts' expectations. Lowe's also jumped 10% after its results beat forecasts. Technology companies accounted for a big share of the gains....

A Messy #MeToo Case May Be a First for Wall Street
A Messy #MeToo Case
May Be a First for Wall Street
IN CASE YOU MISSED IT
Aug 18, 2019 6:42 AM CDT

A Messy #MeToo Case May Be a First for Wall Street

Sara Tirschwell's fight against TCW could be the first one to go to trial

(Newser) - Wall Street is on track to have its first sexual harassment case in the #MeToo era reach the courtroom. And while most cases of this nature are messy legal affairs, this one involving Sara Tirschwell's allegations against a supervisor at TCW is especially so, writes Anna Silman at the...

Wall Street&#39;s 2-Week Slide Continues
Dow Falls Nearly 400 Points
MARKETS
Aug 12, 2019 3:18 PM CDT

Dow Falls Nearly 400 Points

Wall Street's 2-week slide continues

(Newser) - Banks and technology companies led stocks broadly lower on Wall Street, extending a two-week slide brought on by escalations of the trade conflict between the US and China that investors fear will slow down the global economy, reports the AP . The Dow Jones Industrial Average fell almost 400 points Monday....

Dow Down 98 Over Trade Worries
Dow Down 98
Over Trade Worries
MARKETS
Aug 2, 2019 3:15 PM CDT

Dow Down 98 Over Trade Worries

S&P 500 loses 3.1% for the week

(Newser) - Stocks are closing out their worst week of the year as traders worry that President Trump's escalating trade war with China could damage the economy. Technology stocks came under the heaviest selling pressure Friday. Apple lost 2.2% and Broadcom gave back 2.4%. Safe-play stocks did relatively well...

It&#39;s a Bad Day for Netflix
It's a Bad Day for Netflix
markets
Jul 18, 2019 3:21 PM CDT

It's a Bad Day for Netflix

But overall, stocks closed mostly higher

(Newser) - Stocks shook off early losses and closed mostly higher on Wall Street as technology and bank stocks rallied Thursday, the AP reports. IBM rose 4.5% Thursday after reporting solid results. The company, along with Apple, helped lift the technology sector to lead the broader gains. Banks led financial stocks...

In Rare #MeToo Case, One Side Is Lying

Sara Tirschwell sues her old boss at TCW Group Inc

(Newser) - Sara Tirschwell says she feels used, and is willing to fight back—to the tune of at least $30 million. The investor worked at a powerful Wall Street asset management firm called TCW Group Inc, where she claims her boss pressured her into sex and abandoned her to the wolves...

Amazon Revenue Dampens the Party
Amazon Revenue
Dampens the Party
markets
Feb 1, 2019 3:20 PM CST

Amazon Revenue Dampens the Party

But on the bright side, US hiring was good

(Newser) - Stocks held on to tiny gains at the end of an up-and-down day of trading on Wall Street, the AP reports. Major indexes were higher for much of the morning as investors applauded the latest burst of hiring by US employers. The enthusiasm was tempered, however, by a disappointing revenue...

Report: Ride-Hailing Firm Plans a Huge Change

Uber could issue IPO in early 2019

(Newser) - Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public, the AP reports. That's according to a report late Friday in the Wall Street Journal . Citing people familiar with the matter whom it did not identify, the Journal says San Francisco-based Uber Technologies Inc. filed...

Wall Street Pay Seems to Have Long Forgotten Recession

Average salary for those in the NYC securities industry in NYC: $422,500, highest in a decade

(Newser) - If you've been fretting over how the folks on Wall Street are doing lately, rest easy: The New York state comptroller says they're fine. Better than fine, actually, per Thomas DiNapoli, who notes the average securities-industry salary in New York last year rose 13%, to $422,500 (with...

Trump Just Proposed a Huge Change for Corporate America

He asks the SEC to do away with quarterly earnings reports, move to twice a year

(Newser) - Amid another busy morning on Twitter, President Trump proposed what would be a historic shift for corporate America. He asked the SEC to do away with the requirement that publicly traded businesses file quarterly earnings reports, per the Wall Street Journal . Instead, Trump floated the idea of twice-yearly reports. "...

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