Wall Street

World News

Wall Street banks Goldman Sachs and JPMorgan Chase are pulling out of Russia

5:23pm March 10, 2022

by Rachel Treisman

Goldman Sachs says it's "winding down its business in Russia in compliance with regulatory and licensing requirements," two weeks after the country first invaded Ukraine.

Traders work on the floor of the New York Stock Exchange on Thursday in New York City. Stocks continued to slump on Monday as the Federal Reserve gears up to raise interest rates in a bid to bring down inflation from 40-year highs.

It's getting uglier in stock markets as fears about inflation spark a brutal drop

4:17pm January 24, 2022

by David Gura

The Federal Reserve is gearing up to raise interest rates after inflation hit a 40-year high, sparking fears in Wall Street about what these steps will mean for the economy.

A trader works on the floor of the New York Stock Exchange on Oct. 4, 2021, in New York City. Stocks and bonds have tumbled this year as a spike in inflation has investors bracing for higher interest rates.

Inflation fears are sparking a big drop in markets. Here are 3 things to know

5:01pm January 18, 2022

by David Gura

Bond and stock markets have tumbled this year as inflation continues to surge. The Federal Reserve has already indicated it will need to raise interest rates. The question is: Will that be enough?

COVID-19 cases across the U.S. are rising in all 50 states as the delta variant of the coronavirus spreads. Here, a teenager receives a COVID-19 vaccine on July 16 at a mobile vaccine clinic hosted by Mothers in Action and operated by the Los Angeles Coun

Stocks Took A Hard Hit Over Delta Fears. Here Are 3 Things To Know

8:12pm July 19, 2021

by David Gura

What to know as markets dropped, sending the Dow Jones Industrial Average down more than 700 points to its worst fall since October.

A house under foreclosure in Las Vegas displays a sign on Oct. 15, 2010, saying that it's now bank-owned. Sen. Sherrod Brown has vowed increased scrutiny of Wall Street banks, in part after a surge in foreclosures in his hometown in Ohio over a decade ago

Politics & Government

Why Democrats Are Angry At Wall Street

4:52pm May 30, 2021

by David Gura

Big banks are facing a new reality in Washington: Democrats control all levers of power and they are not shy about their intentions to ratchet up pressure on the sector.

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Bretto Jackson runs a program called Leaders Become Legends in Portland, Ore. He and a partner mentor people involved in gun violence and help them get jobs in green energy.

National

Startup Helps Those Affected By Gangs And Gun Violence Find A Way Out

7:43am May 29, 2021

by Katia Riddle

One small startup in Portland, Ore., is helping place former gang members and others involved in gun violence into well-paying green energy jobs.

Right out of college Anita Ramaswamy was hired for her dream job as an analyst at a big bank on Wall Street. She frequently worked until midnight, including during the pandemic.

Economy

'Absolute Meltdown': Wall Street's Work Till You Drop Culture Under Attack

9:02am May 07, 2021

by David Gura

Burnout in investment banking has been a problem, but the pandemic has made it worse. A handful of firms are responding by offering extra perks and more pay. But more money may not be the answer.

"The stock market is on fire," says Greg Valliere, chief U.S. policy strategist at AGF Investments. "It has astonished veteran observers, and it may have a ways to go."

Economy

Biden Wants To Go Tough On Wall Street. The Response? The Best Rally Since FDR

12:24pm May 01, 2021

by David Gura

The S&P 500 surged 11% in the president's first 100 days, the best performance since Franklin D. Roosevelt started his first term in 1933.

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An undated photo of President Herbert Hoover, whose term as president ran from 1929 to 1933. He railed against short sellers after the market crash of 1929.

Economy

Wall Street Short Sellers: Hated For Centuries

4:08pm February 15, 2021

by Ryan Kailath

In recent weeks, short sellers were painted as the enemy, when hedge funds bet against stocks like GameStop. It set off a tug of war between small investors and Wall Street shorts. The hate isn't new.

After GameStop, A Better Way To Take On Wall Street?

6:30am February 09, 2021

by Greg Rosalsky

Taxes may lack the razzle dazzle of meme-fueled stock rallies. But they might prove a better way to curb Wall Street excesses.