Ken Griffin, the big boss of Citadel, recently shared his thoughts on AI at a big finance conference. While many on Wall Street are excited about using AI to pick stocks, Griffin isn't convinced it's the magic solution. He said AI can help with some tasks, but it's not great at finding those special stock picks that beat the market. Griffin's own investment firm, Ci...
Warner Bros. Discovery's stock has been on a wild ride. It recently hit a three-year high, and not just because of a single bidder. Multiple parties are now showing interest in buying all or part of the company. This news has investors excited, especially after a rough few years. Paramount has been the most vocal bidder, and their interest has already given the stoc...
The 1929 Wall Street crash was a big mess. It all started with too much easy money and people betting crazy on stocks. On Black Thursday, things went downhill fast. Panic spread, and soon, the whole world felt the pain. It wasn't just about numbers; real people lost jobs and homes. The crash wasn't the only problem. Bad policies, like high tariffs, made things worse...
Wall Street has been quick to jump on the crypto bandwagon, especially when prices were soaring. They rushed to create and sell ETFs linked to altcoins, which are known for their wild price swings and low trading volumes. But the recent crypto crash has shown just how risky these investments can be. The crash wiped out billions of dollars in value, with some altcoin...
In a move that shows the power of investor skepticism, a group of major banks, including Banco Santander SA, has decided to shrink the size of a loan meant to finance the acquisition of Verint Systems Inc. by Thoma Bravo. This isn't just a small tweak—we're talking a big cut, from around $2. 7 billion down to $1. 7 billion. Why the change? It turns out some investor...
Ethereum's privacy features might get a big boost from an unexpected source: Wall Street. As big financial players dive into crypto, they're asking for more privacy. This isn't just good news for banks—it could help regular users too. Right now, when you make a transaction on a public blockchain, everyone can see it. That's a problem for big companies. They don't wa...
The stock market has always been shaped by big winners. They set the rules, create expectations, and move markets. But not every stock makes it. Some fade away, while others pivot and become giants. Take Apple, for example. In the late 1990s, it was struggling. But then it pivoted with products like the iPod and iPhone, becoming one of the most valuable companies tod...
The Trump family is making waves in the banking world. President Trump is working on big changes for Fannie Mae and Freddie Mac, aiming to take them out of government hands. Meanwhile, he's also been teasing Goldman Sachs CEO David Solomon about the bank's predictions on tariffs. But it's not just the president making moves. His sons, Donald Trump Jr. and Eric Trump...
A heated exchange unfolded online when President Donald Trump took to his Truth Social platform to criticize the Wall Street Journal's editorial board. The board had been vocal about their disapproval of Trump's tariff policies, even nicknaming him "Tariff Man" in their opinion pieces. Trump fired back, claiming the board's negativity stemmed from their globalist lea...
Spotify, the popular music streaming service, recently had a rough day on the stock market. The company's shares dropped over 11%, marking their worst performance since July 2023. The main issue? They didn't meet the financial goals set by Wall Street analysts. Let's break it down. Spotify's revenue for the quarter was about 4. 19 billion euros. That's a 10% increas...