Wall Street firms hit with $81M in fines in latest WhatsApp, texting crackdown
A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to resolve Securities and Exchange Commission charges that they failed to meet record-keeping obligations, regulators announced Friday. Settlements with broker-dealers and investment advisers such as Oppenheimer and U.S. Bancorp are part of an SEC investigation into how […]
Our Drunken Sailors’ Credit Card Balances, Burden, Delinquencies, and Available Credit – WOLF STREET
Credit cards are the primary payment method for everything from business travel reimbursements to e-commerce and bar tabs. And some people borrow it and use it. Written by Wolf Richter of Wolf Street. Credit cards are a measure of spending, not borrowing. They are the primary payment method for consumers in the United States and […]
Identity of Wall Street ‘meme-lord’ behind Litquidity account revealed
Wall Street’s “meme king” behind the social media account Litquidity (famous for airing young Goldman Sachs bankers’ complaints about 100-hour work weeks during the pandemic) is a 32-year-old former Deutsche Bank employee. It turned out that he was an investment banker. Miami-born Henry “Hank” Medina described himself as an “observer” in an office full of […]
What Wall Street experts are saying about Alibaba ahead of earnings – TipRanks.com – TipRanks
Alibaba Group (Baba) plans to report its third quarter fiscal 2024 results before U.S. markets open on Wednesday, February 7, and will hold a conference call to discuss the results at 7:30 a.m. ET that same day. Things to note: Analysts give a calm assessment of Alibaba: Last quarter, Alibaba reported second-quarter adjusted EPS of […]
Illegal immigrants on moped drag woman on NYC street after stealing her phone, video reportedly shows
An illegal immigrant was reportedly caught on surveillance camera dragging a woman on a New York City street after stealing her cell phone. of Daily Mail reported Horrifying footage of a woman slipping on a sidewalk, crashing into a telephone pole, and then lying motionless on the road until the moped that was dragging her […]
NY Community Bancorp Has Some Defenders on Wall Street – Barron's
New York Community Bancorp has found some defenders on Wall Street, even though its stock price has fallen by nearly half in the first two days of this week. Shares fell after the bank reported an unexpected loss, cut its quarterly dividend and increased its loan loss reserves by $500 million. JPMorgan analyst Stephen Alexopoulos […]
Wall Street bets on lower gold prices, Main Street sees gains next week – Kitco NEWS
(Kitco News) – Last week, traders experienced one of the least eventful weeks for precious metals markets in months, but drama returned to the gold market this week, with big moves following important data and comments from the Federal Reserve. . Gold prices opened near $2,024 per ounce in the spot market on Sunday, moving […]
IRS has again failed Main Street with handling of pandemic-era program
Gil Bonifaz has been through a lot. A fourth-generation restaurateur, his family restaurant has employed dozens of Texans and served delicious fajitas since 1971 at Herrera’s Tex-Mex in the heart of Texas’ 24th District. After pandemic-era restrictions reduced the restaurant’s revenue, it was unable to keep up with rising rent, accountant’s fees and medical costs […]
Wall Street donors favor GOP Senate candidate Dave McCormick
Former hedge fund executive Dave McCormick is the clear favorite for a Pennsylvania Senate seat among deep-pocketed Wall Street donors. McCormick is a Republican who is seeking to unseat Democratic Sen. Bob Casey in the state after losing the 2022 Republican primary to Donald Trump-backed celebrity surgeon Dr. Oz. It has an impressive list of […]
Meta stuns Wall Street with its first dividend. Amazon and Alphabet may be next. – MarketWatch
Published: February 1, 2024 at 6:41 PM ET Meta Platforms Inc. surprised Wall Street on Thursday by paying its first-ever dividend. This is perhaps Silicon Valley’s most monumental dividend decision since Apple reinstated its dividend more than a decade ago, and could light a fire under other tech giants. Meta Inc.’s META will pay a […]