Wall Street bankers, lawyers losing out on hundreds of millions after Paramount’s scrapped Skydance merger: sources
Shari Redstone’s last-minute decision this week to back out of a planned merger between Paramount and Skydance Media means Wall Street bankers and top law firms are losing out on hundreds of millions of dollars in fees, according to sources close to the negotiations. Redstone, the 70-year-old media heiresses, on Tuesday called off a deal […]
Wall Street firms part of ‘climate cartel,’ colluded to curb emissions: House report
A U.S. congressional committee is expected to file charges on Tuesday that major Wall Street firms conspired with advocacy groups to force companies to cut greenhouse gas emissions, according to a report seen by Reuters ahead of its release. The report is the first produced by the Republican-led House Judiciary Committee since it began investigating […]
Wall Street Executives Flock to Donald Trump
Wall Street executives, feeling the sting of the Biden administration’s anti-business policies, are flocking to former President Donald Trump. POLITICO report Many Wall Street executives who had previously vowed to abandon Trump have now begun to support the former president’s reelection campaign. “I’m not convinced that anyone really believes he’s a threat to democracy,” said […]
Climate activists try to blockade NYC Citi Bank HQ in ‘Summer of Heat on Wall Street’
Nearly 20 people were in handcuffs by late Monday morning after climate change protesters blocked Citi’s headquarters in Lower Manhattan, police said. Organizers said 150 activists gathered during the morning rush hour in front of the financial giant’s building on Greenwich Street near North Moore Street in TriBeCa. According to an initial tally by the […]
Mayor Says Federal Border Wall Replacing Ducey’s Wall Still Not Built
As the shipping containers serving as a makeshift wall in the Morelos Dam area of the Yuma sector of the border came down, the mayor of Yuma said that the federal government is off to a slow start replacing them. “There’s some areas that the containers went down and there’s no current plan by the […]
Stock market today: Wall Street's momentum cools after its latest record-setting day – The Associated Press
NEW YORK (AP) — U.S. stocks are falling Thursday as momentum on Wall Street cools after a recent record-setting day. The S&P 500 was down 0.1% in midday trading, a day after hitting its 25th all-time high this year. The Dow Jones Industrial Average was up 63 points, or 0.2%, as of 11:30 a.m. Eastern […]
Wall Street has returned to T+1 trading for the first time in a century. How much longer until T+0? – Fortune
A few days into the US securities settlement cycle Back to T+1— Meaning “one trading day plus one business day” — SEC Chairman Gary Gensler It is called He called the switch “historic” and said the transition has gone “smoothly so far.” He added that the move “will benefit investors and remove risk from the […]
Wall Street Journal reporter Siobhan Hughes defends Joe Biden article amid blowback
Wall Street Journal reporter Siobhan Hughes doubled down on a story about President Biden’s mental acuity after receiving pushback from the White House. News outlets The report was released Wednesday’s story, headlined “Behind Closed Doors, Biden Shows Signs of Stalling,” detailed the president’s performance in the closed-door meeting. The report drew immediate criticism from White […]
Colbert mocks Biden’s border shift, joking border will have ‘gluten-free’ wall and ‘pro-choice’ barbed wire
“Late Show” host Stephen Colbert mocked President Biden’s attempts to secure the border just before the 2024 election. The White House on Tuesday announced a long-awaited executive order that would block illegal immigrants from applying for asylum if crossings at the southern border reach certain levels, a move that has angered many progressives within the […]
Nancy Pelosi slams Wall Street Journal article on Joe Biden’s mental acuity
Former House Speaker Nancy Pelosi, D-Calif., on Wednesday joined the chorus of Democrats defending President Biden after The Wall Street Journal published an article questioning Biden’s mental acuity and performance in private meetings. In a statement on social platform X, Pelosi criticized the reports for ignoring accounts of the conversation between Democrats and the president […]