Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at...
Tag: Street
Wall Street Traders And Institutions At War With Each Other Over Bitcoin (BTC), Who Will Win?
The world’s largest cryptocurrency Bitcoin (BTC) continues to face the heat of the sell-off in the U.S. equity market. With Dow Jones (INDEXDJX: .DJI) crashing more than 2.7% on Friday, the Bitcoin (B...
Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto
Goldman Sachs has offered its first Bitcoin- (BTC)-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall Street. A spokeswoman from Goldman told Bloomberg that the mu...
Wall Street Giant Goldman Sachs Makes History, Offers First Bitcoin-Backed Loan
In the latest hint that Wall Street is pushing farther into crypto, Goldman Sachs has offered its first bitcoin-backed loan. Goldman Sachs Makes History In order to aid to the institutional adoption o...
Wall Street Powerhouse Goldman Sachs Offers Its First Bitcoin-Backed Loan
Wall Street powerhouse Goldman Sachs has offered its first ever Bitcoin-backed loan to a client. According to a Bloomberg report on Thursday, the banking giant’s secure lending facility allowed a borr...
Apple beats Wall Street estimates despite supply chain disruptions
Apple (AAPL) reported its Q2 2022 earnings after the bell Thursday, beating analysts expectations on the top and bottom line and recording record revenue despite continued supply chain disruptions. He...
Crypto Market Enters Strong Correction Following the Wall Street Rout
Bitcoin and the broader cryptocurrency market have once again entered a sharp correction after a brutal sell-off on Wall Street on Tuesday, April 26. The world’s largest cryptocurrency has failed to h...
PayPal has been cut in half by Wall Street, but ‘uncertainty’ still looms as earnings approach
After losing more than half its value so far this year, PayPal Holdings Inc. still faces ‘uncertainty’ from Wall Street. PayPal PYPL, +2.03% was an investor darling in the early days of the COVID-19 c...
Coca-Cola Posts Q1 2022 Results, Beats Wall Street Estimates
Coca-Cola released its Q1 2022 results which surpassed analysts’ expectations despite the pandemic and suspending operations in Russia. Coca-Cola (NYSE: KO) recently posted its Q1 earnings and revenue...
Stock futures fall on Sunday as Wall Street braces for a busy earnings week
Traders on the floor of the NYSE, April 14, 2022. Source: NYSE U.S. stock futures fell on Sunday night amid a four-week losing streak for the Dow Jones Industrial Average as investors weighed the like...
Top Wall Street analysts say buy Alphabet and Carvana
Earnings season is yet again upon us, with prominent names reporting this week. Volatility remains a focus for investors, and inflation has been continuing to compound pressure across all industries. ...
Dow falls 900 points amid Wall Street sell-off
US stocks closed lower on Friday afternoon as investors continued to digest hawkish remarks from Federal Reserve Chair Jerome Powell. On Thursday, the Fed Chair said the possibility of a 50 basis poin...
Crypto Billionaire Rankles Wall Street Titans With Derivatives Plan
(Bloomberg) — At a posh financial-industry gathering known for swaying palm trees and late-night yacht parties, this year’s main attraction was a face-off between a crypto billionaire and a futu...
Russian Bank Finds Novel Way to Pay Lenders and Bypass Wall Street, Sanctions
(Bloomberg) — Sovcombank PJSC will offer a bond swap to its Eurobond holders to bypass the foreign banking web that has been blocking payments of Russian borrowers after sanctions were imposed f...
Predictions from Wall Street, Goldman Sachs, Citi, SocGen
As French voters head to the polls Sunday, Wall Street is forecasting market upset if far-right candidate Marine Le Pen proves victorious. Timothy A. Clary | Afp | Getty Images French voters head to t...
Russia Faces New Urgency to Dodge Default, Avoid Wall Street
(Bloomberg) — Russia’s race to avoid default just escalated. Most Read from Bloomberg The country has been inching closer after JPMorgan Chase & Co., under orders from the U.S. Department of...
Wall Street questions Lululemon 2026 financial targets
A woman jogs past a Lululemon retail store. Bloomberg | Getty Images Lululemon is setting lofty goals for growth in the next five years and laying out for analysts exactly how it plans to get there. B...
Carl Icahn McDonald’s shareholders letter calls out Wall Street ESG ‘hypocrisy’
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn released his letter to McDonald’s shareholders on Thursday, calling out compensation amon...
Starbucks’ union battle pushes Wall Street away
Michelle Eisen, a barista at the Buffalo, NY, Elmwood Starbucks location, the first Starbuck location to unionize, helps out the local Starbucks Workers United, employees of a local Starbucks, as they...
Citi and State Street Participate in FundGuard’s $40 Million Funding
FundGuard, an AI-powered SaaS investment management and asset servicing enterprise platform, has recently secured funding worth $40 million in its Series B investment round. Through the funding, the c...
US Dollar Holds Ground Against JPY and CHN While Wall Street Rises
The global market changes have put the greenback on the right track in the forex market. The USD has outrun several currencies from the Asia-Pacific in the last 24 hours alone. Specifically, the curre...
Bitcoin climbs above $41K on Wall Street open as gold dives, dollar cements highs
Bitcoin (BTC) reclaimed $41,000 on April 14 as the first day of Western stock market trading after Easter painted a more bullish picture. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView An...
Wolf of Wall Street inspiration Jordan Belfort offers ‘crypto course’ for 1 BTC
Jordan Belfort, the real-life inspiration for “The Wolf of Wall Street,” presented his first cryptocurrency course called the “mastermind workshop” at his Miami Beach villa for a price of one Bitcoin ...
IBM Reports Earnings Tuesday. Wall Street Is Watching for Software Growth.
Text size Wall Street projects IBM will post revenue of $13.8 billion for its first quarter. MIGUEL MEDINA/AFP via Getty Images When IBM reports first-quarter earnings on Tuesday, Wall Street will be ...
Wall Street bullish on Coinbase stock
When looking at the broader market, as well as both the medium and short term, Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) is in a negative position as it continues on its downward traj...
U.S. Bond Market Gives Notice It’s No Longer a One-Way Street
(Bloomberg) — Traders of U.S. government debt were dealt a stern reminder last week not to sleep on a market that’s been headed in one direction for a long time. Most Read from Bloomberg Yields ...
Bitcoin dives on Wall Street open, DOGE price jumps on Elon Musk’s Twitter offer
Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin follows stocks d...
Street Earnings Understated For These S&P 500 Companies In 2021
Financial data analysis graph showing stock market trends on a trading board. Horizontal composition … [+] with copy space and selective focus. getty While Street Earnings (based on Zacks Earnin...
BlackRock’s Newest Investment Paves The Way For Digital Assets On Wall Street
Larry Fink thinks Russia-Ukraine war could accelerate the use of digital currencies © 2020 Bloomberg Finance LP Five years ago, BlackRock’s chairman Larry Fink famously called bitcoin an “index of mon...