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Microsoft Shares Slide as Cloud Forecast, AI Spending Disappoint
Despite beating quarterly overall sales estimates, investors want better results from the hundreds of billions of dollars that Wall Street heavyweights have been spending to build AI data centers and infuse their products with the emerging technology.
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US Investment Banker, 28, Found Dead In Apartment In "Unexplained" Circumstances
The young banker's death comes amid renewed scrutiny of Wall Street's demanding work environment.
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Billionaire Financier Scott Bessent Confirmed As Donald Trump's Treasury Chief
Scott Bessent, a Wall Street veteran who was born and raised in South Carolina, has defended the Republican president Donald Trump's tax-cutting and tariff proposals while urging efforts to secure supply chains and the dollar's global status.
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Nvidia Loses Nearly $600 Billion As China's DeepSeek Jolts Tech Shares
Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.
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Wall Street's Big Hope Is Trump Pulls His Punches on Immigration
President Donald Trump's immigration policies would likely have devastating effects on Corporate America's growth and earnings, but investors haven't been perturbed yet.
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Netflix Added A Record 19 Million Subscribers In Holiday Quarter
Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers, company said.
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Meta's 'Community Notes' Model Said to Not Apply to Paid Ads
Facebook parent Meta's 'Community Notes' will not apply to paid ads when they arrive later this year, a person familiar with the matter told Reuters on Thursday. Aspects of the program remain subject to change, according to the Wall Street Journal that first reported the development.
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Wall Street Might Cut 2,00,000 Jobs As AI Replaces Roles
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.
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Young Bankers In US Snorting ADHD Drugs To Get Through Gruelling 22-Hour Workdays
The use of stimulants, including medications like Adderall and Vyvanse, as well as high-caffeine energy drinks, is prevalent among young bankers.
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Tesla, Google, Amazon: How Much They Are Spending For Their CEOs' Safety
The murder of UnitedHealthcare CEO Brian Thompson has cast a spotlight on the extensive security measures employed by Wall Street's elite to ensure their safety.
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TikTok CEO Sought Elon Musk's Input Ahead Of Donald Trump Administration: Report
ByteDance-owned TikTok Chief Executive Officer Shou Zi Chew has sought input on US matters from Elon Musk, a close adviser to President-elect Donald Trump, the Wall Street Journal reported on Saturday.
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Elon Musk Is The Richest Person In History. His Net Worth Has Surged To...
Elon Musk is officially the wealthiest person in history with a net worth of $347.8 billion, according to CNN. The dramatic rise follows a rally in Tesla stock, driven by Wall Street optimism about the pro-business stance of Donald Trump.
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Wall Street Top Regulator To Quit After Trump Takes Office. Here's Why
US Securities and Exchange Commission (SEC) Chairman Gary Gensler will step down as Wall Street's top regulator at the end of the Joe Biden administration, he said.
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Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday.
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Here's Who Could Join Donald Trump's New Administration Team
Donald Trump is expected to draw top advisers and cabinet secretaries from a pool of Wall Street and business executives including officials from his first term - at least the ones who stuck by him.
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Microsoft Shares Slide as Cloud Forecast, AI Spending Disappoint
Despite beating quarterly overall sales estimates, investors want better results from the hundreds of billions of dollars that Wall Street heavyweights have been spending to build AI data centers and infuse their products with the emerging technology.
-
US Investment Banker, 28, Found Dead In Apartment In "Unexplained" Circumstances
The young banker's death comes amid renewed scrutiny of Wall Street's demanding work environment.
-
Billionaire Financier Scott Bessent Confirmed As Donald Trump's Treasury Chief
Scott Bessent, a Wall Street veteran who was born and raised in South Carolina, has defended the Republican president Donald Trump's tax-cutting and tariff proposals while urging efforts to secure supply chains and the dollar's global status.
-
Nvidia Loses Nearly $600 Billion As China's DeepSeek Jolts Tech Shares
Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.
-
Wall Street's Big Hope Is Trump Pulls His Punches on Immigration
President Donald Trump's immigration policies would likely have devastating effects on Corporate America's growth and earnings, but investors haven't been perturbed yet.
-
Netflix Added A Record 19 Million Subscribers In Holiday Quarter
Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers, company said.
-
Meta's 'Community Notes' Model Said to Not Apply to Paid Ads
Facebook parent Meta's 'Community Notes' will not apply to paid ads when they arrive later this year, a person familiar with the matter told Reuters on Thursday. Aspects of the program remain subject to change, according to the Wall Street Journal that first reported the development.
-
Wall Street Might Cut 2,00,000 Jobs As AI Replaces Roles
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.
-
Young Bankers In US Snorting ADHD Drugs To Get Through Gruelling 22-Hour Workdays
The use of stimulants, including medications like Adderall and Vyvanse, as well as high-caffeine energy drinks, is prevalent among young bankers.
-
Tesla, Google, Amazon: How Much They Are Spending For Their CEOs' Safety
The murder of UnitedHealthcare CEO Brian Thompson has cast a spotlight on the extensive security measures employed by Wall Street's elite to ensure their safety.
-
TikTok CEO Sought Elon Musk's Input Ahead Of Donald Trump Administration: Report
ByteDance-owned TikTok Chief Executive Officer Shou Zi Chew has sought input on US matters from Elon Musk, a close adviser to President-elect Donald Trump, the Wall Street Journal reported on Saturday.
-
Elon Musk Is The Richest Person In History. His Net Worth Has Surged To...
Elon Musk is officially the wealthiest person in history with a net worth of $347.8 billion, according to CNN. The dramatic rise follows a rally in Tesla stock, driven by Wall Street optimism about the pro-business stance of Donald Trump.
-
Wall Street Top Regulator To Quit After Trump Takes Office. Here's Why
US Securities and Exchange Commission (SEC) Chairman Gary Gensler will step down as Wall Street's top regulator at the end of the Joe Biden administration, he said.
-
Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says
Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump's administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday.
-
Here's Who Could Join Donald Trump's New Administration Team
Donald Trump is expected to draw top advisers and cabinet secretaries from a pool of Wall Street and business executives including officials from his first term - at least the ones who stuck by him.
