Wall Street Journal defends Powell from Trump attacks
The Wall Street Journal editorial board has the back of Jerome Powell this week, following President Trump’s fierce social media criticism after Trump provided negative economic forecasts for Trump’s tariffs. “The problem with Trump is that Powell told the truth.” I wrote it in an editorial Released on Friday. “The main lesson from Trump vs. […]
Why top Wall Street attorney Jay Clayton’s ‘proven track record’ makes him perfect pick for vital role
Jay Clayton is one of the best trading lawyers on Wall Street and, if you know anything about tracking sophisticated crimes, he is perfect for running the country’s most well-known law enforcement agency. On Wednesday, Trump named Clayton the “interim” US lawyer for the Southern District. The reason the Southern District is so important in […]
Howard Lutnick is the Trump adviser Wall Street loves to hate
Wall Street is venting anger at Howard Lutnick over the tariffs. The president’s controversial secretary of commerce looks like a simple target, but it’s worth asking if he’s the right one. As someone in the White House recently reminded me, “Many people on Wall Street don’t like Howard, but they behave like this. Certainly, in […]
Netflix quarterly results beat Wall Street targets
Netflix’s streaming advantage helped the company provide a bullish quarterly revenue outlook on Thursday. The company rose 2.7% in out-of-hour trading as it surpassed Wall Street revenue expectations in a quarter, including hits such as the limited series “Pubescent,” the drama thriller “Zero Day,” and the unscripted series “Isle of Temptation.” Stocks have risen 9% […]
Asia markets rise after Wall Street slides overnight – CNBC
anek s | 500px plus | Getty Images The Asia-Pacific market rose on Thursday, breaking the ranks on Wall Street after U.S. Federal Reserve Chairman Jerome Powell warned that ongoing trade tensions could challenge the central bank’s goals of controlling inflation and driving growth. Hong KongThe Hang Seng index ended the day at 21,395.14, up […]
Missing Wall Street banker’s body washes ashore after beach vacation
A family of a New York banker who disappeared on vacation in Spain more than a month ago confirmed that the washed ashore belongs to the age of 37. “It’s a deep sadness to talk about the passing of my youngest son, Grant Barr,” wrote Michael Barr, who wrote in a post on his Facebook […]
Ferrari’s NYC showroom is moving just across the street
Ferrari Prancing Horse quickly hoofed it from the showroom 410 Park Avenue In 425 Park Avenue across the street On East 55th Avenue. It’s not just another retail transfer. A 7,629 square feet of Ferrari North America Inc. deal at two levels at the Tower of L&L Holding Co., bringing 670,000 square feet of office […]
Goldman Sachs’ first-quarter results beat Wall Street estimates
Angie Newman, UBS Global Wealth Management Manager, discusses market responses amid trade tensions and advises clients and investors. Goldman Sachs reported a 15% increase in first quarter profits as market volatility led to record revenues from stock trading and boosted bond results. Wall Street lenders joined rivals JPMorgan Chase and Morgan Stanley to report higher […]
What Wall Street bigwigs think about stocks now that tariffs are paused
Hours before President Trump suspends the global tariff war on Wednesday, he had a message to investors on social media. He was right – news of a suspension on mutual tariffs soared the Dow that day nearly 3,000 points. But a day later, a third of these profits were wiped out, with 10% levied remaining […]
Wall Street Journal asks if Trump has China trade strategy
The Wall Street Journal editorial board questioned whether President Trump has a clear trade agenda as the tariff war with China heats up. “The reality is that Trump is making up for it as he goes, and it would be useful if he had a real strategy to deal with China, especially.” I wrote it […]