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Bear market hits Wall Street as stocks, bonds, crypto dive
Wall Street tumbled into what’s called a bear market after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20% below its record set early this year.
Stocks end rocky week with their 5th straight weekly decline
NEW YORK — A turbulent week on Wall Street ended Friday with more losses and the stock market’s fifth straight weekly decline. The latest pullback came as investors balanced a strong U.S. jobs report against worries the Federal Reserve may cause a recession in its drive to halt inflation. The S&P 500 ended with a […]
Worried about inflation? Check paystubs, not just pump price
In terms of inflation, a big and sustained gain in wages would be even more dangerous than the price spikes already seen for oil and other commodities.
Big bank CEOs return to Congress at time of deep partisan divide
The CEOs of the biggest banks went before Congress on Wednesday with plans to discuss how helpful Wall Street was for borrowers and businesses during the pandemic.
Born out of the financial crisis, bull market nears record
The bull market in U.S. stocks is about to become the longest in history. If stocks don’t drop significantly by the close of trading Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days, a record that few would have predicted when the market struggled to […]
Washington leak culture meets Wall Street’s insider cops
The federal prosecutors who sent Wall Streeters to prison for trading on insider information are taking on Washington’s culture of leaks in a first-of-its-kind trial next week.
Wall Street’s average bonus in 2017 more than $184K
NEW YORK — Wall Street bonuses are climbing toward record highs again, according to government data released Monday showing that in 2017, the average bonus payout reached $184,220. That is an 17 percent increase compared to the previous year and the closest Wall Street has come in more than a decade to its all-time high […]
A new entry into the legal ad pantheon
Plus news on a long-awaited Sept. 11 trial and Chicago's gun-control law in this week's roundup.
Stocks slump; Dow briefly plunges 1,000 points
U.S. stocks slumped again Monday, with the Dow Jones industrial average plunging more than 1,000 points at one point in a sell-off that sent a shiver of fear from Wall Street to Main Street. Stocks regained some of that ground as the day wore on, but the Dow Jones industrial average finished the day down […]
Los Angeles considers stricter gun control
Los Angeles gun-control proposal heads news summary that includes a Wall Street lawsuit, gay rights in Asia and child-abuse policy debate in Montgomery County.
Appeals court deals blow to U.S. in insider trading cases
A federal appeals court dealt a blow to the government's success in insider trading prosecutions Wednesday by reversing two convictions with a decision that also jeopardizes a third — and attempts to further define how far prosecutors can push the law in their quest to clean up Wall Street.
Noah Smith: Why Wall Street hate for Fed’s low rates?
The Federal Reserve is hurting savers by keeping interest rates low. Low rates cause inflation. Low rates cause financial instability.
