Wall Street, Zohran Mamdani and NY
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AI darlings prop up Wall Street
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Wall Street's optimism going into 2025 looks like it was right on the money. Most everyone's year-end bonuses, which will be doled out early next year, are going up. That's according to projections published Wednesday from compensation consulting firm Johnson Associates.
Major financial services firms such as Goldman Sachs, JPMorgan Chase, and Wells Fargo have expanded operations in Dallas, Texas, where the firms have thousands of workers.
Wall Street chief executives said investors should brace for an equity market drop of more than 10% in the next 12 to 24 months, and that such a correction may be a positive development.
AMD reported revenue of $9.25 billion for the latest quarter, ahead of analysts’ expectations for $8.76 billion.
Government shutdown becomes longest ever; odds say the end is near. Google wins DOJ approval for $32B Wiz acquisition. Bear market? Bitcoin hovers near $100,000, ether erases YTD gains.
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The Wall Street Journal Trashes Trump Plan to Nuke Filibuster: ‘Republicans Would Be Dumb’ to Listen
The Wall Street Journal's editorial board trashed President Donald Trump's call to nuke the filibuster on Monday, arguing the GOP would be "dumb" to heed it.
Stocks fell on Wall Street, pulled down by losses in the same big tech companies that have been the main drivers of the market's rally so far this year.
CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.
He says that large holders are distributing, and volatility is stabilizing, before fundamentals drive prices higher.
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Wall Street execs say the AI stocks dominating the market will soon be split into winners and losers
Stock valuations — seen by many as flying too close to the sun — took a hit on Tuesday after a chorus of bank execs spoke up to throw their weight behind that view. Chief among them were Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon.