Convicted insider trader Ivan Boesky, inspiration for Gordon Gekko in ‘Wall Street,’ dead at 87
Ivan F. Boesky, the flamboyant stock trader who worked with the government to uncover one of Wall Street’s biggest insider trading scandals, has died at the age of 87. His daughter Marianne Boesky said: monday new york times Boesky’s wife confirmed Boesky’s death to the Washington Post, saying he died in his sleep. His cause […]
Inside Wall Street’s brutal work culture
The tragic death of former Green Beret and Bank of America employee Leo Lukenas III has become a flashpoint for anger over unrealistic job expectations on Wall Street. Partly because some bankers say Lukenas’ experience is very similar to their own. There is no evidence that the blood clot that killed 35-year-old Lukenas on May […]
Biden’s Climate Agenda Is Running Headfirst Into A Wall Of His Own Making
President Joe Biden’s administration unveiled tariffs this week aimed at boosting domestic production of green energy technology, but the move could end up hamstringing his larger climate goals. The tariffs announced on Tuesday quadruple levies for Chinese electric vehicles (EVs) to 100% and raise rates for certain Chinese green energy and EV components like minerals […]
Dow Jones Industrial Average passes 40,000 as Wall Street cheers slowing inflation
On Thursday, the Dow Jones Industrial Average topped 40,000 points for the first time in history as Wall Street cheered the prospect of slower inflation and lower interest rates. The iconic stock index rose about 111 points to about 40,020 points just before 11 a.m. Thursday. The Dow was founded in 1895 and includes the […]
Terrifying video: 9-year-old boy relaxes in his home before dinner when drive-by bullets pierce wall, fly inside
Video shows the moment a drive-by bullet ripped through the wall of a Fort Worth apartment earlier this month, terrorizing a 9-year-old boy who had just been relaxing before dinner. Provided home security video KXAS-TV Errol Hill, dated May 1, shows kids doing the same thing many kids do in the evening: just sitting on […]
Stock futures are little changed as Wall Street readies for key inflation report: Live updates – CNBC
27 minutes ago AMC slides after announcing stock issuance AMC stock price rose 1% in pre-market after the movie theater chain announced it would issue more than 23 million shares in exchange for $163.85 million in cash/PIK with an aggregate principal amount of 10%/12% due in 2026. It fell more than that. . ” Stocks […]
Archegos’ Bill Hwang lied to become Wall Street legend, causing $36B fund to collapse: prosecutors
Hwang Sung-kook “Bill” Hwang tried to defraud all of Wall Street, federal prosecutors told a federal jury in Manhattan after the 2021 collapse of Hwang’s $36 billion fund, Archegos Capital Management. The trial on charges stemming from the incident began on Monday. Prosecutors allege that Mr. Hwang and Mr. Archegos lied to Wall Street banks […]
Wall Street banker’s death ignites anger at long workweeks, could prompt walkout
The death of a Bank of America employee last week prompted some bankers to decry a toxic work culture that may have contributed to his death, including reports of complaints about his 100-hour workweeks. , which caused a huge uproar on Wall Street. Leo Lukenas III, a former Green Beret and member of the bank’s […]
Wall Street bonuses expected to surge as markets rebound
Wall Street firms are expected to hand out larger bonuses this year amid a strong recovery in investment banking, stock markets and bond trading, according to the survey. As companies sell record amounts of debt, investment bankers who help companies issue debt have seen their bonuses increase from 15% to 25% this year, the highest […]
Fast-growing Boca Raton is luring business away from Wall Street
While New York’s volatile office market is reeling from a record 20% vacancy rate and losing some tenants to lower-tax South Florida, there is additional competition to worry about. That’s Boca Raton. The Sunshine State city of 100,000 people between Fort Lauderdale and West Palm Beach was once a sleepy city, but it’s seeing a […]