The stock market is currently experiencing a rough patch. The main culprit? A series of tariffs set to take effect soon. These tariffs have investors on edge, leading to a shaky start for the year. The S&P 500 index has taken a hit, down almost 6% so far this year. This is the worst start since 2020. The Dow and Nasdaq haven't fared much better, with both seeing sign...
In 2024, Wall Street's bonus pool reached an unprecedented high of $47. 5 billion. This is a significant jump from the previous year's $35. 4 billion, marking the largest increase since the start of the coronavirus pandemic. On average, each banker took home a hefty $244, 700, a 31% increase from the previous year. This surge in bonuses is a clear sign...
Dover's CEO, Richard Tobin, has been busy reassuring investors about the company's future. He spoke at a recent conference and shared some positive news. He said the company's order rate is still strong and that the company is on track to meet its goals for the quarter. Tobin also highlighted some of Dover's fastest-growing businesses, like thermal connectors for ...
Picture this: a tech giant pouring $100 billion into a single year, all to grab a slice of the artificial intelligence pie. That's Amazon for you, making a bold move into the future. First, let's talk about why this matters. Amazon's plan to spend big on capital expenditures is a big deal, especially in the AI world. They're not shy about it. They've said that most ...
Tariffs have been in the spotlight. The stock market reacted to the news of tariffs on Monday. The S&P 500 dipped 0. 6% during midday trading, while the Dow Jones Industrial Average and Nasdaq composite saw a 0. 1% and 1% loss respectively. Asian and European markets, however, fared worse. The fear was clear: a potential trade war could cau...
Investors worldwide have been feeling the impact on stocks. A recent move has caused a stir and uncertainty on markets. Several key trading partners faced new tariffs over the weekend, including a 25% hit on goods from Mexico and Canada, with China also in the mix. Stock indexes reacted strongly to the news. News of tariffs led to a sharp drop in futures f...
For a long time, Wall Street banks stayed away from owning cryptocurrencies like Bitcoin. This was mainly due to a rule from the U. S. Securities and Exchange Commission (SEC). This rule, called "Staff Accounting Bulletin 121" or SAB 121, forced banks to treat digital assets as a liability on their books. This made it expensive and risky for banks to handle cryptocur...
Just days into Donald Trump's second term, Wall Street's attitude towards crypto has done a 180. Morgan Stanley's CEO, Ted Pick, revealed at the World Economic Forum in Davos that the bank is keen to explore crypto transactions if regulations allow. Trump, once a crypto skeptic, has now embraced digital assets, issuing an executive order to promote their development....
The annual World Economic Forum in Davos, Switzerland, brings together top business leaders to discuss global issues. This year's speakers included Chinese Vice Premier Ding Xuexiang and European Central Bank President Christine Lagarde. U. S. President Donald Trump is set to speak remotely on Thursday. Among the attendees were CEOs from companies like CrowdStrike, G...
Monday was a rough day for tech stocks, with big names like Nvidia, Palantir, and Rigetti Computing seeing significant drops. Nvidia fell by nearly 4%, Palantir by 3. 5%, and Rigetti Computing plummeted by 10%. Even last year's Nasdaq winner, AppLovin, wasn't spared, with a 3% loss. This sell-off happened because investors decided to cash in on their 2024 gains and m...