San Fran neighbors in 15-year feud over row of windows and ‘spite wall’
Two San Francisco neighbors have been locked in a bitter legal battle for 15 years over a row of windows with spectacular views of the bay, with one resident claiming the windows encroach on his property. Legal action, mountains of planning documents, restraining orders and even a so-called “bad faith wall” blocking views have engulfed […]
Wall Street CEO Peter Orszag downplays worries about junior bankers’ long hours
Wall Street's top chief executive has rejected concerns that young bankers are suffering from burnout, arguing that junior staff should be able to tolerate long hours in “interesting” work. Lazard CEO Peter Orszag appeared to downplay criticism that newcomers to the banking industry are overworked, even as JPMorgan is limiting the hours of junior team […]
Why Google antitrust breakup fears are spooking Wall Street
Wall Street analysts are increasingly warning about a possible break-up of Google as the tech giant seeks to flee two federal antitrust lawsuits that could devastate its business model. The Justice Department is seeking to force a sale of Google's digital advertising business in an antitrust lawsuit that began in Virginia federal court last week. […]
Tammy Baldwin faces conflict of interest concerns over partner’s Wall Street gig
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S&P soars to best week of 2024 as Wall Street gears up for anticipated interest rate cuts – Seeking Alpha
Friday's S&P 500 (SP500) 4.02% increase It ended the week at 5,626.02 points, rising in all five sessions. The accompanying SPDR S&P 500 ETF Trust (NYSEARCA:Spy) Increased by 4.01% This week. Bulls stormed into Wall Street this week, The benchmark index is Worst week The best week of the year was recorded by the S&PSP500) […]
Vulnerable Dem senator touts border wall in new ad despite previously dismissing it: ‘Waste of money’
Sen. Bob Casey (D-Pennsylvania) has faced criticism from his Republican opponent for including an image of a border wall in a campaign ad touting his efforts to secure the southern border, even though he has previously opposed the wall, calling it a “waste of money.” a Recent Ads “I've voted for border security over and […]
Texas Dem’s Senate ad features border wall he once blasted as ‘racist’
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Wall Street anxious Kamala Harris tax plan will crater corporate earnings: report
Democratic candidate Vice President Kamala Harris has reportedly pledged to raise taxes if she wins the November presidential election, raising concerns on Wall Street that it could hit corporate earnings. Harris has been criticized for taking too long to announce her policy proposals and for avoiding interviews with the press, but she has been clear […]
Federal Reserve Waters Down Plan To Hike Capital Reserves For Big Banks Amid Wall Street Lobbying Efforts
In a speech on Tuesday, Michael Barr, the Federal Reserve's vice chairman for oversight, announced that the Fed was watering down proposed rules that would increase the amount of cash large banks must hold on hand, following intense lobbying from Wall Street. Federal regulators are revising the final version of Basel III, which would boost […]
Apple’s launch of AI-enhanced iPhone 16 sparks Wall Street debate on potential ‘super-cycle’
Apple on Monday unveiled the AI-powered iPhone 16, but Wall Street is divided on whether it can reverse sluggish sales of the tech giant's flagship device. The company's AI push, dubbed “Apple Intelligence,” was also at the forefront during a high-profile presentation at its headquarters in Cupertino, Calif. The latest models feature the A18 chip, […]