#Jittery Wall Street banks brace for election-fueled uncertainty

#Jittery Wall Street banks brace for election-fueled uncertainty

“#Jittery Wall Street banks brace for election-fueled uncertainty” Large Wall Street banks have been running “war game” drills in their trading businesses and preparing clients for unexpected scenarios around next week’s elections, hoping to avoid liquidity crunches or technical errors as markets react to news of who will be running the White House and Congress,…

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#Stocks plunge again as COVID-19 surge continues across US

#Stocks plunge again as COVID-19 surge continues across US

“#Stocks plunge again as COVID-19 surge continues across US” US stocks took another nosedive Wednesday amid a continued surge in coronavirus infections that has rattled investors and sparked fears of further damage to the struggling economy. The Dow Jones industrial average plunged 943.24 points, or 3.4 percent, to 26,519.95 with both COVID-19 cases and hospitalizations on the…

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#Private equity firms fear Joe Biden in the Oval Office

#Private equity firms fear Joe Biden in the Oval Office

“#Private equity firms fear Joe Biden in the Oval Office” The prospect of Joe Biden becoming president has large swaths of corporate America scared, and none more so than the whipping boys who run the private equity business. Private equity is mainly in the business of buying public companies — many of them hurting from…

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