wall street

Sense of Unease Permeates Wall Street With Trump's New Policies

President Donald Trump is starting to worry Wall Street with the major changes in foreign policies. Economic isolation may result in these changes.

Wall Street opens little changed

U.S. stocks opened little changed on Wednesday as investors assessed economic data and the last of big bank earnings, while awaiting Federal Reserve Chair Janet Yellen's speech.

PJT Partners' shares fall deeply following the arrest of former executive

On Monday, Andrew Caspersen, a previous partner of PJT Partners, was arrested for committing a Wall Street fraud. The US prosecutors accused Caspersen of defrauding $95 million from investors.

Wall Street Responded Janet Yellen Remark With Positive Sentiment

Wall Street hits the record high in 2016. The market reacted positively after the Fed chairwoman's speech in the Economic Club Of New York on Tuesday.

Wall Street up, crude oil down

U.S. Stocks closed higher after three straight days of declining, as oil declined further to almost seven-year lows.

Amazon tops the 10 tech stocks in billionaires' trading

Technology stocks have been at the center of attention for billionaire traders on the Wall Street this year so far. Amazon leads the top-traded technology stocks among high net worth traders on the buy list. After recording encouraging gains in 2015, the FANG (Facebook, Amazon, Netflix and Google) stocks may witness reverse trend in 2016, forecast market analysts.

Uber Recruits Three More Bankers to Join The Tech Company

Three bankers are leaving Goldman Sachs to join Uber tech company. They are the latest of Wall Street bankers departed to Silicon Valley.

Stockpiles help US growth beat forecast in Q3

The US economy grew 2.1 percent during the third quarter as against the forecast of 1.15 percent. However, the growth rate slowed down when compared to 3.9 percent in the second quarter.

Pandora's stock tumble wipes out $1.4-bn market cap

The internet radio services provider Pandora's stock plummeted owing to increased competition in the global market. Pandora shares dropped 35 percent on Wall Street in just one session eroding $1.4billion market capitalization of the company. The emerging competition in internet radio services from global majors such as Apple is impacting the Pandora's performance.

First Data prices IPO at $16 per share: Highest for 2015, Lower than expected

First Data went public at $16 per share, the biggest this year, but is lower than the expected $18 to $20 per share.

Ferrari needs better strategy to attract more investors

Ahead of Ferrari initial public offering, analysts are concern that the company will not be able to give a great return in the long run. However, the company's chairman is optimistic that the brand will be able to grow better after its IPO.

Basel-III norms help Morgan Stanley, Goldman regain hedge fund trading business

The US banks including Goldman Sachs and Morgan Stanley are recapturing their lost trding business from hedge fund customers. Thanks to the rules of Basel-III, which sets high capital requirements for trading activity in stocks, bonds, derivatives, etc. European banks like Deutsche Bank are falling short of capital requirements and losing trading business to the US banks.

Liquidity vacuum: GE suffers most since 1987 Black Monday

Global manufacturing giant GE's stock plummeted on Monday and Tuesday on Wall Street in the absence of any major news affecting the company's performance. The plunge of over 20% eroded the stock value by $53billion. Chinese factor after the central bank slashed interest rate, again created fresh bout of fears that dampened that market sentiment and reversing the rebound on Tuesday.

Wall Street Experienced a Staggering 1,200 Unprecedented Emergency Freezes

The dramatic selling on Wall Street Monday triggered 1,200 unprecedented emergency halts on the stocks and exchange-traded funds.

Apple falls, along with other tech giants and the US stock market

Apple’s shares went down by as much as 7 percent last week, as the U.S. stocks also dropped. Other tech giants are also affected by the market volatility. Netflix and Facebook are among the companies that took a hit from the presently volatile days in Wall Street.

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