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Dow tops 44,000 for the first time as Wall Street fueled by Trump win

While the S&P 500 index briefly topped the $6,000 mark and closed with its biggest weekly gain in over a year, business conditions were favorable due to Donald Trump's election victory and the possibility of a Republican sweep of Congress. Expectations for policy increased, and the Dow Jones Industrial Average exceeded 44,000 for the first […]

Wall Street giddy as Trump expected to okay wave of mergers

Wall Street is salivating as President-elect Donald Trump is expected to usher in a new era of deal expansion in his second term, including an accelerated pace of mergers and acquisitions. Trump, who campaigned on a promise to loosen the reins of the regulatory state, won the White House for a second time, boosting the […]

Trump weighs Wall Street lawyer Richard Farley as SEC chair candidate: sources

A top Wall Street lawyer known for his research on leveraged buyouts has been floated as a candidate to head the Securities and Exchange Commission under the Trump administration, the Post reported. According to people familiar with the matter, Richard Farley, a partner at the blue-chip New York law firm Kramer, Levin, Naftalis & Frankel […]

News Corp posts record Q1 revenue to beat Wall Street estimates

News Corp. posted record first-quarter sales, beating Wall Street expectations, led by growth in its digital real estate services, book publishing and Dow Jones divisions, the company announced Thursday. The media giant, which owns the New York Post and Wall Street Journal, reported a 148% increase in net income for the quarter to $144 million, […]

Goldman Sachs names dozens of bankers to ‘Wall Street’s most exclusive club’

Goldman Sachs named 95 new partners Thursday, adding dozens of bankers to Wall Street's most exclusive club. This is the highest number since former CEO Lloyd Blankfein promoted 115 financiers in 2006. Goldman's latest class of new partners includes 26 female bankers, the largest group to date since David Solomon became CEO in 2018. The […]

Donald Trump Wins Michigan, Completes Red Wall in Rust Belt

President-elect Donald Trump defeated Vice President Kamala Harris in the Electoral College and won Michigan. The Associated Press on Wednesday afternoon called Michigan to support Trump, reporting that he received more than 95% of the vote. As of 1:00 p.m. Eastern Time, new york times Election results show Trump victory had Harris received 48.3 percent […]