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News Articles: Wall Street

A house under foreclosure in Las Vegas displays a sign on Oct. 15, 2010, saying that it's now bank-owned. Sen. Sherrod Brown has vowed increased scrutiny of Wall Street banks, in part after a surge in foreclosures in his hometown in Ohio over a decade ago.

Tagged as: 

  • Business

Why Democrats Are Angry At Wall Street

Big banks are facing a new reality in Washington: Democrats control all levers of power and they are not shy about their intentions to ratchet up pressure on the sector.

May 30, 2021
|
By:
  • David Gura
Bretto Jackson runs a program called Leaders Become Legends in Portland, Ore. He and a partner mentor people involved in gun violence and help them get jobs in green energy.

Tagged as: 

  • National

Startup Helps Those Affected By Gangs And Gun Violence Find A Way Out

One small startup in Portland, Ore., is helping place former gang members and others involved in gun violence into well-paying green energy jobs.

May 29, 2021
|
By:
  • Katia Riddle
Right out of college Anita Ramaswamy was hired for her dream job as an analyst at a big bank on Wall Street. She frequently worked until midnight, including during the pandemic.

Tagged as: 

  • Business

'Absolute Meltdown': Wall Street's Work Till You Drop Culture Under Attack

Burnout in investment banking has been a problem, but the pandemic has made it worse. A handful of firms are responding by offering extra perks and more pay. But more money may not be the answer.

May 07, 2021
|
By:
  • David Gura
"The stock market is on fire," says Greg Valliere, chief U.S. policy strategist at AGF Investments.<strong> </strong>"It has astonished veteran observers, and it may have a ways to go."

Tagged as: 

  • Business

Biden Wants To Go Tough On Wall Street. The Response? The Best Rally Since FDR

The S&P 500 surged 11% in the president's first 100 days, the best performance since Franklin D. Roosevelt started his first term in 1933.

May 01, 2021
|
By:
  • David Gura
An undated photo of President Herbert Hoover, whose term as president ran from 1929 to 1933. He railed against short sellers after the market crash of 1929.

Tagged as: 

  • Business

Wall Street Short Sellers: Hated For Centuries

In recent weeks, short sellers were painted as the enemy, when hedge funds bet against stocks like GameStop. It set off a tug of war between small investors and Wall Street shorts. The hate isn't new.

February 15, 2021
|
By:
  • Ryan Kailath

Tagged as: 

  • Economy

After GameStop, A Better Way To Take On Wall Street?

Taxes may lack the razzle dazzle of meme-fueled stock rallies. But they might prove a better way to curb Wall Street excesses.

February 09, 2021
|
By:
  • Greg Rosalsky
Day traders on the Reddit community r/WallStreetBets, founded by Jaime Rogozinski, drove up the price of GameStop and other stocks, setting up a standoff with Wall Street.

Tagged as: 

  • Business

Reddit WallStreetBets Founder Calls GameStop Stock Frenzy A 'Symbolic Movement'

Jaime Rogozinski, a former moderator of the now-famous Reddit forum that sent GameStop stock soaring, saw the chaos coming. For too long, Wall Street has been "an invite-only club," he says.

February 01, 2021
|
By:
  • Emma Bowman

Tagged as: 

  • Business

So What Is Short Selling? An Explainer

A primer on what you need to know about short selling as an army of amateur investors battles it out against hedge funds.

January 29, 2021
|
By:
  • Rafael Nam
The SPAC, or special purpose acquisition company, has become the hottest trend on Wall Street this year. It allows a company to go public without all the paperwork of a traditional initial public offering. Above, the <em>Charging Bull</em> statue in New York City's Financial District.

Tagged as: 

  • Business

The Spectacular Rise Of SPACs: The Backwards IPO That's Taking Over Wall Street

Special purpose acquisition companies, or SPACs, are exploding in popularity. They allow companies to go public without all the hoops of an initial public offering.

December 29, 2020
|
By:
  • Camila Domonoske
The Charging Bull statue is shown in New York's financial district. The Dow surpassed 30,000 points for the first time after President Trump allowed the transition process to begin.

Tagged as: 

  • Business

Dow Surges Past 30,000 Points For 1st Time In Historic Milestone

Markets welcomed President Trump's recommendation the transition process begin, which will provide critical resources and information to President-elect Joe Biden's team.

November 24, 2020
|
By:
  • Jim Zarroli
Stocks rallied after Moderna said its experimental COVID-19 vaccine was nearly 95% effective in a clinical trial.

Tagged as: 

  • Business

Stocks Hit Record High On Moderna's Vaccine News; Dow Nears 30,000

Investors were also reassured by comments from two Biden advisers that no nationwide COVID-19 lockdowns are being contemplated.

November 16, 2020
|
By:
  • Jim Zarroli
The exterior of the New York Stock Exchange last week. Stocks surged after Pfizer said its experimental COVID-19 vaccine was more than 90% effective and after former Vice President Joe Biden was elected president.

Tagged as: 

  • Business

Stocks Soar To Record Highs On Vaccine Hopes

Stocks surged after Pfizer said its experimental vaccine was more than 90% effective and after former Vice President Joe Biden was elected president.

November 09, 2020
|
By:
  • Jim Zarroli
A woman walks by the New York Stock Exchange on Oct. 5. Stock markets are rallying at the prospect that this week's elections will result in a divided government.

Tagged as: 

  • Business

Wall Street Bet On A 'Blue Wave,' But Divided Government Suits It Just Fine Too

Stocks have traditionally done well with a Democrat in the White House and Congress under Republican control.

November 05, 2020
|
By:
  • Jim Zarroli
The U.S. flag hangs outside the New York Stock Exchange earlier this month. Investors have been grappling with a wave of uncertainty that's sent the market lower in recent weeks.

Tagged as: 

  • Business

Dow Plunges 943 Points; Steep Sell-Off Is Triggered By Fears Of More Lockdowns

The Dow tumbled more than 900 points as COVID-19 cases surge in the United States and Europe, while next week's election is only adding to the uncertainty over the economy.

October 28, 2020
|
By:
  • Jim Zarroli
Electric carmaker Tesla has seen its stock values soar in recent months.

Tagged as: 

  • Business

Tesla Stock Is Soaring. It's Controversial. And Soon, It Could Be In Your Portfolio

If the electric carmaker enters the S&P 500 index, as is widely expected, Wall Street's most controversial stock would start appearing in even the most mainstream investment accounts.

July 21, 2020
|
By:
  • Camila Domonoske

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