Wall Street
Citadel’s Ken Griffin warns Trump about tarnishing the ‘brand’ of U.S. Treasurys
Key Points President Donald Trump’s global trade fight risks spoiling the reputation of the U.S. and its government bond market, according to Ken Griffin, founder and CEO of Citadel. Treasury yields have risen and the dollar has weakened against its global counterparts this month in a sign that investors may be moving away from the U.S. […]
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Third Point’s Dan Loeb says he’s sold out of nearly all of his ‘Magnificent 7’ holdings
Third Point’s Dan Loeb revealed that he has dumped almost all of his positions in the so-called Magnificent 7 stocks after their huge run-up that’s been dented this year from the stock market tariff turmoil. “What we have done in the last few months is number one shifted away from those easy sale candidates of […]
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Wall Street’s iconic charging bull statue vandalized by climate activists wielding neon green paint
Climate activists hold a protest at the Charging Bull statue in Bowling Green near the New York Stock Exchange on April 22, 2025. Michael M. Santiago | Getty Images Wall Street’s iconic Charging Bull statue on Tuesday was vandalized by a group of environmental activists who sprayed the bronze sculpture with neon green paint. The […]
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About half of Americans have a negative view on Tesla and Elon Musk, CNBC survey finds
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025. Win McNamee | Getty Images The broad public and investors have something in common these days: They don’t have a lot of love for either Tesla or CEO Elon Musk. Tesla’s stock has […]
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The bottom is likely not in — and a retest of the lows is coming, chart analysts say
The stock market has yet to find a bottom in the midst of tariff chaos and challenges to the Federal Reserve’s independence, leaving it susceptible to retesting its recent lows, according to chart analysts. Wall Street is off to another dismal start this trading week. The Dow Jones Industrial Average at one point on Monday […]
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What the Discover merger approval means for Capital One and 2 other financials
Capital One secured approvals from banking regulators Friday for its $35 billion acquisition of Discover Financial — a deal that analysts believe could have far-reaching benefits beyond just the Club holding. The news Wells Fargo research analysts said the greenlights from the Federal Reserve and the Office of the Comptroller of the Currency highlight a […]
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Chicago Fed’s Goolsbee says Fed independence is ‘critically important’ for its inflation fight
Chicago Federal Reserve President Austan Goolsbee. Kate Rooney | CNBC Federal Reserve Bank of Chicago President Austan Goolsbee on Monday urged against reducing the central bank’s independence as President Donald Trump amped up criticism of Chair Jerome Powell. “The long run expectations that the Fed would get inflation back down to the 2% target were critically […]
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This fund is designed to help investors withstand wild market swings
ETF Edge This fund is designed to help investors withstand wild market swings Published Sat, Apr 19 202511:00 AM EDT Krysta Escobar WATCH LIVE Source
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Capital One and Discover merger approved by Federal Reserve
Key Points Capital One Financial’s application to acquire Discover Financial Services has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency. Capital One announced plans to acquire Discover in an all-stock transaction valued at $35.3 billion in February 2024. It will also indirectly acquire Discover Bank through the transaction. Source
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American Express’s wealthy cardholders are mostly untouched by tariff jitters
American Express‘s affluent cardmembers are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of leap year, the company reported Thursday, which shows that the […]
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