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“#Former Wells Fargo CEO and senior exec hit with new SEC charges” The feds slapped ex-Wells Fargo chief John Stumpf and the bank’s former community banking head Carrie Tolstedt with fresh civil charges and fines over their roles in the fraud scandal that rocked the bank in 2016. The Securities and Exchange Commission said Friday…
“#Stocks slide as Wall Street watches nail-biting vote count” US stocks were set to drop Friday as investors appeared ready to cash out their gains following the market’s dizzying election-fueled rally. Futures contracts tied to the Dow Jones industrial average slid 187 points, or about 0.7 percent, to 28,110 as of 6:51 a.m. after optimism…
“#Marijuana stocks surge as investors bet on a more weed-friendly US” Cannabis stocks are rising to new heights as the smoke begins to clear around the 2020 election. Shares in big weed companies soared on Thursday as investors began to price in a victory for pot-friendly presidential hopeful Joe Biden, even as five US states…
“#Joe Biden and the lure of gridlock” Paul Wells: Wednesday’s market rallies amount to a bet that a Democrat president and a Republican Senate will guarantee nothing changes in America It’s not a lot safer to write a column today than it was on Tuesday night when I chickened out of filing, but the expectation…
“#Dow rallies more than 800 points as ‘blue wave’ fails to materialize” The “blue wave” didn’t happen on Tuesday night — and Wall Street is breathing a sigh of relief. Stocks surged on Wednesday after Republicans dashed Democrats’ hopes of taking both houses of Congress in a so-called “blue wave” — meaning that Joe Biden, even…
“#Wall Street banks rushing to pay fines in case Joe Biden wins election” Fines are in season on Wall Street — and yes, there just might be a connection with election season. Big banks are lately paying record penalties to US regulators, with insiders blaming the trend on bankers looking to settle scores under a…
“#JPMorgan warns of potential fine over ‘historical deficiencies’” JPMorgan Chase said it might be paying another big fine this year as federal regulators have notified Jamie Dimon and his team that there are issues with their internal controls. According to a late-Monday filing, the Wall Street giant could be hit with a penalty from an…
“#Stock market boost from Biden win would likely fade, experts say” Don’t expect a Biden bump to become a Biden boom. While a Democratic victory in Tuesday’s presidential election could give stocks a temporary boost, market strategists say Wall Street will likely be happier with more of what Republicans have delivered. A Joe Biden win…
“#Stocks bounce as Wall Street braces for Election Day” US stocks were set to rebound from a week of deep losses on Monday as investors prepared for Tuesday’s contentious presidential election. Futures contracts tied to the Dow Jones industrial average climbed 445.00 points, or about 1.7 percent, to 26,839.00 as of 6:49 a.m. after fears…
“#Don’t trust banking behemoths’ 2020 election predictions” With Joe Biden up in the polls, pre-election positions should be easy. Load up the truck on shares of any company that can benefit from his embrace of the Green New Deal, like solar-panel companies. Sell Treasuries because Biden’s spending plan looks like President Trump’s — only on…