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News Articles: Wall Street

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Monday. Stocks continued a recent sell-off over economic and earnings fears.

Tagged as: 

  • Business

Shares continue to slump as fears about the economy and earnings grip Wall Street

The Dow dropped by more than 800 points as investors deal with a slew of concerns, including disappointing earnings and the prospect of sharply higher interest rates.

April 27, 2022
|
By:
  • David Gura
Goldman Sachs says it's winding down its operations in Russia, Wall Street's first major departure from the country.

Tagged as: 

  • Business

Wall Street banks Goldman Sachs and JPMorgan Chase are pulling out of Russia

Goldman Sachs says it's "winding down its business in Russia in compliance with regulatory and licensing requirements," two weeks after the country first invaded Ukraine.

March 10, 2022
|
By:
  • Rachel Treisman
Traders work on the floor of the New York Stock Exchange in New York City on March 4. The Dow Jones Industrial Average slumped nearly 800 points on Monday, entering what's called a correction.

Tagged as: 

  • Business

It keeps getting worse for stocks. Dow sinks and enters what's called a correction

Fear of higher energy prices led to a sharp sell-off on Wall Street, with the Nasdaq now in what's known as a bear market.

March 07, 2022
|
By:
  • David Gura
Trading on the New York Stock Exchange and elsewhere suffered an incredibly volatile week as the Federal Reserve gears up to raise interest rates.

Tagged as: 

  • Business

It was a wild week for stocks. Should you worry? Here are 4 things to keep in mind

Markets went on such a roller-coaster ride this week that it even stumped the most veteran investors. The Federal Reserve plans to start raising interest rates to tackle inflation.

January 31, 2022
|
By:
  • David Gura and
  • Scott Horsley
Traders work on the floor of the New York Stock Exchange on Thursday in New York City. Stocks continued to slump on Monday as the Federal Reserve gears up to raise interest rates in a bid to bring down inflation from 40-year highs.

Tagged as: 

  • Business

Stocks are in the midst of a wild ride as the U.S. gets ready to fight inflation

The Federal Reserve is gearing up to raise interest rates after inflation hit a 40-year high, sparking fears in Wall Street about what these steps will mean for the economy.

January 24, 2022
|
By:
  • David Gura
A trader works on the floor of the New York Stock Exchange on Oct. 4, 2021, in New York City. Stocks and bonds have tumbled this year as a spike in inflation has investors bracing for higher interest rates.

Tagged as: 

  • Business

Inflation fears are sparking a big drop in markets. Here are 3 things to know

Bond and stock markets have tumbled this year as inflation continues to surge. The Federal Reserve has already indicated it will need to raise interest rates. The question is: Will that be enough?

January 18, 2022
|
By:
  • David Gura
A trader works on the floor of the New York Stock Exchange at the start of trading on Monday. Stocks around the world tumbled over fears of the omicron variant.

Tagged as: 

  • Business

Stocks around the world were hit hard by omicron fears. Here are 3 things to know

The Dow Jones Industrial Average closed down 433 points and other exchanges around the world tumbled on Monday over fears about the omicron variant.

December 21, 2021
|
By:
  • David Gura
U.S. Securities and Exchange Commission Chairman Gary Gensler testifies before the Senate Banking Committee on Sept. 14 in Washington, D.C. Gensler discussed his approach to the job in a recent interview with NPR.

Tagged as: 

  • Business

Why Wall Street's top cop thinks it's time to get tough

In a recent interview with NPR, S.E.C. Chairman Gary Gensler says one of his top priorities is protecting amateur investors as his agency unveils a number of tough new rules and investigations.

December 19, 2021
|
By:
  • David Gura
Wall Streeters are not only back at their offices, but they are also heading to the airports again, even as many companies continue to keep their workers at home.

Tagged as: 

  • Business

Only 'wimps' phone it in: Why Wall Street bankers are hitting the road again

The pandemic forced Wall Street dealmaking into the digital age, but many bankers want to get back to the way things were — and that includes traveling again.

October 01, 2021
|
By:
  • David Gura
A sign for the China Evergrande Centre, the Hong Kong home for China Evergrande Group, is shown last week. Fears of a debt default at the property developer sparked a global stock market sell-off on Monday.

Tagged as: 

  • Business

A Chinese Real Estate Company Is Walloping Your Stocks. Here's Why

The Dow Jones slumped over 600 points as financial troubles at property developer China Evergrande Group became the latest in a growing list of concerns for Wall Street.

September 21, 2021
|
By:
  • David Gura
People walk near the sight of Ground Zero and the One World Trade Center on Aug. 30. The Wall Street neighborhood changed drastically after the 9/11 attacks as banks moved out of what had long been their home.

Tagged as: 

  • Business

Wall Street Was Once The Home Of The Big Banks. 9/11 Led To A Radical Reinvention

For centuries, Wall Street was where some of the biggest banks in the world were based. Today, it's home to Uber and Spotify, and new residents have poured in.

September 11, 2021
|
By:
  • David Gura
This illustration photograph taken on July 19 in Istanbul shows a physical banknote and coin imitations of the Bitcoin cryptocurrency. Regulators such as Securities and Exchange Commission Chairman Gary Gensler are promising tougher action for cryptocurrencies.

Tagged as: 

  • Business

Tougher Rules Are Coming For Bitcoin And Other Cryptocurrencies. Here's What To Know

The country's top market watchdog has promised tougher scrutiny of virtual currencies, but we still don't know what will be unveiled.

August 20, 2021
|
By:
  • David Gura
Tashrima Hossain, who used to work in Wall Street but quit to join Facebook, is part of a growing number of young people who are no longer attracted by the allure of Wall Street despite the rising salaries. She poses for a portrait at Alamo Square in San Francisco, Calif. on Wednesday, August 11, 2021.

Tagged as: 

  • Business

Wall Street Is Paying Over $100,000 To Junior Bankers. For Many, That's Not Enough

Wall Street has a big problem on its hands: Many of the young people it needs to fill its talent pool are having doubts about working in the industry.

August 15, 2021
|
By:
  • David Gura
COVID-19 cases across the U.S. are rising in all 50 states as the delta variant of the coronavirus spreads. Here, a teenager receives a COVID-19 vaccine on July 16 at a mobile vaccine clinic hosted by Mothers in Action and operated by the Los Angeles County Department of Public Health.

Tagged as: 

  • Business

Stocks Took A Hard Hit Over Delta Fears. Here Are 3 Things To Know

What to know as markets dropped, sending the Dow Jones Industrial Average down more than 700 points to its worst fall since October.

July 19, 2021
|
By:
  • David Gura
David Shadaha, who operates a cart called King of Falafel & Shawarma, takes an order from a customer in Midtown Manhattan, N.Y. Shadaha is back selling food after taking a job as a GrubHub deliveryman during the pandemic.

Tagged as: 

  • Business

Wall Street Bosses Want Their Workers Back. That's Good For The King Of Falafel

Wall Street executives are pushing vaccinated workers to return to work, and that's good news for vendors and other small businesses in New York that depend on workers from finance.

June 29, 2021
|
By:
  • David Gura
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