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“#Dow closes above 30,000 mark for first time in history” The Dow Jones Industrial Average closed above the 30,000 mark for the first time ever Tuesday as Wall Street cheered good news on coronavirus vaccines and a key step toward a peaceful transfer of power in Washington. The blue-chip index surged 454.97 points, or 1.5…
“#Joe Biden to nominate Janet Yellen as Treasury Secretary” President-Elect Joe Biden plans to nominate former Federal Reserve chairwoman Janet Yellen to become the next Treasury Secretary, sources told The Post. If confirmed, the 74-year-old Yellen will be the first woman to run the Treasury Department, and also the first person ever to hold the…
“#Stocks jump as investors cheer AstraZeneca’s COVID-19 vaccine” US stocks were set to climb Monday as investors cheered a third promising coronavirus vaccine that could help the global economy return to normal. Futures contracts tied to the Dow Jones Industrial Average jumped 156 points, or about 0.5 percent, to 29,368 as of 7:13 a.m. after…
“#Larry Fink has faith in America’s comeback” Investors have a way of sniffing out the truth, and what they’re sniffing now in terms of COVID-19 is far from the doom-and-gloom, long-dark-winter scenario we keep hearing from many politicians, most notably those in New York. Instead, there’s a fair amount of sunshine on Wall Street these…
“#This ‘soak the rich’ tax would destroy New York, New Jersey economies” Lawmakers in New York and New Jersey just won’t be happy until they drive Wall Street firms clear out of the area, taking their jobs — and tax revenue — with them. Proposed stock-transfer taxes in both states have already prompted the New…
“#Jamie Dimon takes jab at Trump’s refusal to concede the election” Jamie Dimon took shots at the outgoing Trump administration, even as he made it clear he won’t be joining the Biden White House. In a Wednesday interview, the JPMorgan Chase chief took thinly veiled jabs at President Trump for refusing to concede the election,…
“#Top dealmaker leaves Goldman Sachs to run Michael Dell’s investment firm” A top Goldman Sachs dealmaker is leaving the megabank after almost three decades to run Texas computer tycoon Michael Dell’s investment firm. In a move that shocked Wall Street insiders, Gregg Lemkau, Goldman’s co-head of global investment banking, is stepping down to become chief…
“#Dow hits new record, nears 30,000 mark on Moderna vaccine hopes” The Dow hit a fresh record — rising to within spitting distance of the 30,000 mark — amid fresh optimism on Wall Street about a COVID-19 vaccine with the potential to end the deadly pandemic. The Dow Jones industrial average surged as much as…
“#SEC Chairman Jay Clayton intends to step down at end of 2020” Wall Street’s sheriff is hanging up his spurs. Securities and Exchange Commission Chairman Jay Clayton announced Monday morning that he will be stepping down at the end of 2020, ending a three-and-half year term that saw the SEC collect $14 billion in fines…
“# ‘Stealth phase’ over? Why Wall Street FOMO will make $20K Bitcoin look cheap ” The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date, making it once again the best-performing asset just as it has been for the past decade. Strangely…