John Podesta, the Chair of Hillary Clinton’s campaign, talks about the direction of the Democratic Party and how his candidate was able to win key primary states over Bernie Sanders. Photo: Tracy Armstead for The Wall Street Journal
Formerly disgraced FTX CEO and Co-Founder Sam Bankman-Fried was convicted in November of wire fraud, money laundering and conspiracy, and sentenced to 25 years in prison. His high-profile trial marked a significant chapter in the unraveling of FTX, which collapsed under suspicious financial practices, leading to intense scrutiny and legal action. For the first time since his incarceration, Bankman-Fried described his daily life in a detailed interview with journalist William D. Cohan of Puck. Do
“It wouldn’t surprise me if they see an outflow of clients over the next six months,” one user told MarketWatch.
Home prices are overvalued nationally, according to a new report by Fitch Ratings, led by Southern states.
Nvidia is spreading some of its recently amassed wealth by investing in smaller AI companies.
The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job. Junior banker Leo Lukenas III died of an acute coronary artery thrombus, a type of blood clot, the New York Office of the Chief Medical Examiner said last week. Lukenas said in mid-March that he wanted to leave Bank of America because of the grueling hours, Douglas Walters, a managing partner at GrayFox Recruitment, told Reuters in an interview.
Now that we’ve had time to digest the April jobs numbers, some strategists are getting worried about the economy’s mid-term outlook. The jobs report showed 175,000 new jobs added in the month – but that was the lowest gain in the past six months, and was accompanied by an uptick in unemployment, from 3.8% to 3.9%. Along with these topline numbers, the report showed declines in job openings and hires. For Roukaya Ibrahim, watching the US economy from BCA, this job report may indicate a shift towa
STOCKSTOWATCHTODAY BLOG It’s official. 3M cut its dividend significantly. The materials company declared a dividend of 70 cents per share on Tuesday evening. That’s down from the prior quarter’s dividend of $1.
“You could almost argue that the smartphone is becoming a little bit closer to a washing machine than the cutting-edge, rapidly changing device category that it used to be,” says Ben Wood, chief analyst at CCS Insight, a technology research firm. Samsung Electronics and Alphabet Google, which have spent years partnering on mobile phones—and the Android software that powers them—see a silver bullet in the form of artificial intelligence. “This new era of AI is a profound opportunity to make smartphones truly smart,” Sameer Samat, Google’s vice president of product management for Android, said during the Google I/O developers conference on Tuesday.
High-net-worth individuals, those with net worths of $1 million or more and liquid assets, take different approaches to finance than others.
Stocks like Netflix, Inc. (NFLX), Alphabet Inc. (GOOGL), NVIDIA Corporation (NVDA) and Super Micro Computer, Inc. (SMCI) are expected to benefit from the ongoing Nasdaq rally.