Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
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Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Volatility soars and shares slide after Beijing imposes tariffs on imports of agricultural goods from America. Analysts at investment bank Jefferies remain optimistic about the prospects for the ...The Guardian - 14h -
FirstFT: Wall Street loses hope for a ‘Trump put’
Also in today’s newsletter, US-backed miner seeks to develop Ukraine lithium site and Pimco’s 17% instant profit on Thames Water loanFinancial Times - 1h -
Wall Street Sinks as Recession Fears Loom
Last week’s steep sell-off resumed, with all three major U.S. indexes suffering sharp declines.Inc. - 11h -
Fed chief Jay Powell plays down growth worries after jobs report disappoints
Chair says US central bank in no ‘hurry’ to cut interest rates at end of turbulent week for Wall StreetFinancial Times - 3d -
Chipmakers are finding that good earnings aren't enough to please Wall Street
After investors poured into semiconductor stocks last year, expectations are high, and companies are having trouble making Wall Street happy.CNBC - 3d -
Trump Wants to Kill Carried Interest. Wall Street Will Fight to Keep It.
President Trump has been trying to eliminate the tax loophole, which benefits Wall Street, but Congressional Republicans may stand in the way.The New York Times - 2d -
Wall Street Journal: 'Someone should sue' Trump over tariffs
The Wall Street Journal editorial board took a swipe at President Trump's recent tariff threats, alleging the administration is using a 48-year-old law to start a trade war. In a recent op-ed, the ...The Hill - 2d -
A Bad Day on Wall Street
Also, Rubio said Ukraine must cede territory in exchange for peace. Here’s the latest at the end of Monday.The New York Times - 9h -
Wipeouts on Wall Street
Plus, Perella Weinberg’s decade-long legal fight finally nears its end and Britain’s biggest grocers waver under private equityFinancial Times - 2h -
China’s Geely sells Saxo Bank stake to Swiss private bank
Eight-year joint venture was a bet on Chinese capital markets opening up to the westFinancial Times - 17h -
Top Wall Street analysts are bullish on these dividend stocks
TipRanks' analyst ranking service highlights three dividend-paying stocks, including Coterra Energy and Walmart.CNBC - 1d -
When It Comes to the Economy, Does Trump Have Musk’s Pain Tolerance?
Wall Street’s slide puts pressure on Musk and Trump, for different reasons.The New York Times - 8h -
Disney Teases Theme Park Integration With Disney X Fortnite Project
One year ago, Disney invested $1.5 billion into Epic Games to create a massive Disney x Fortnite experience that has yet to come to fruition. But at South by Southwest, one of Disney's Imagineers ...GameSpot - 14h -
Wall Street stocks drop as investors fret over US economic slowdown
Tech shares hit as Tesla gives up all its post-election gainsFinancial Times - 15h -
Fintech stocks plummet as Wall Street worries about consumer spending, credit
Fintech stocks were some of the biggest decliners on Monday as the Nasdaq suffered its steepest drop since 2022.CNBC - 9h -
Wall Street hopes dim that a ‘Trump put’ will prop up sliding markets
The US president’s tolerance for tariff-induced stock slides may be higher than anticipated, investors sayFinancial Times - 3h -
Trump Signs Order to Create a ‘Crypto Reserve’
The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.The New York Times - 1d -
UN to rent Bangladesh property owned by former regime associate
Sobhan family under scrutiny amid efforts to claw back billions of dollars allegedly lost under Sheikh Hasina’s ruleFinancial Times - 2h -
Jim Cramer explains what Apple investors should do with the sinking stock
Shares dropped over 5% after Wall Street analysts revised down iPhone sales estimates.CNBC - 14h -
Global markets extend losses on US slowdown fears
Asian stocks follow Wall Street lower as investors grapple with implications of erratic Trump tariff regimeFinancial Times - 58m -
Bannon: DOGE 'waste, fraud, abuse’ cuts not enough to curb inflation
Steve Bannon said the Department of Government Efficiency (DOGE) should adjust their goal of cutting trillions of dollars in federal waste and lower the proposed amount to the billion dollar ...The Hill - 2d -
U.S. stock futures fall after a rough week on Wall Street, as Trump won’t rule out recession
U.S. stock futures fell Sunday, as President Donald Trump offered little reassurance after the S&P 500 had its worst week since September.MarketWatch - 1d -
One of Wall Street’s biggest bulls now says a flash crash can’t be ruled out
Ed Yardeni says a bear market for stocks may already be underway, and a “flash crash” can’t be ruled out.MarketWatch - 18h -
I fled our $2.2M home due to domestic abuse. I’m on the loan, but we’re both on the title. My husband won’t sell. What now?
“He contributed a $1 million down payment. I mortgaged the rest in my name.”MarketWatch - 1d -
Justice Department is looking into egg prices in antitrust probe, report says
A report in The Wall Street Journal says DOJ investigators are looking into whether egg producers are working together to keep egg prices high.CNBC - 3d -
Tesla shares plunge 15%, steepest drop in five years
Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020.NBC News - 12h -
Prison labor, an invisible workforce of the U.S. economy
Incarcerated workers produce $2 billion in goods and $9 billion in services every year. But not all of the incarcerated are paid for their labor, which can benefit people inside and outside a ...CBS News - 1d -
Trump to sign executive order limiting Public Service Loan Forgiveness program
President Donald Trump is expected to sign an executive order excluding certain student loan borrowers from the Public Service Loan Forgiveness program.CNBC - 3d -
The etiquette of digital debts among friends
A recent article in the Wall Street Journal looked at the "unspoken rules" of digital payment apps like Venmo and tried to decipher the proper etiquette for requesting money back from friends. The ...CBS News - 17h -
Banks and fintechs join ‘stablecoin gold rush’
Bank of America and Stripe target market for payments in cryptocurrenciesFinancial Times - 1d -
When you should get a home equity loan from a different lender
Should you use a new lender to get your home equity loan? Here's when it may be worth doing.CBS News - 14h -
Elon Musk’s X suffers multiple outages
Elon Musk's social media platform X experienced several outages on MondayCNBC - 13h -
X users report a series of outages
Hours after a series of outages that left X unavailable to thousands of users, Elon Musk is claiming that the social media platform is being targeted in a “massive cyberattack."ABC News - 13h -
Musk blames 'massive cyberattack' for X outage
Elon Musk said his social media platform X was targeted in a "massive cyberattack" on Monday, prompting outages for thousands of users. "There was (still is) a massive cyberattack against X," Musk ...The Hill - 13h -
Aid operations in Gaza imperiled as millions of promised USAID dollars do not arrive
The Trump administration’s cuts to USAID have frozen hundreds of millions of dollars in contractual payments to aid groups, leaving them paying out of pocket to preserve the fragile Gaza ceasefire, ...ABC News - 3d -
Musk blames Ukraine for X outage
Presented by Ericsson — Elon Musk said his social media platform X was targeted in a “massive cyberattack” on Monday and later claimed the attack was traced back to Ukraine. {beacon} Technology ...The Hill - 8h -
Elon Musk Claims X Targeted in ‘Massive Cyberattack’
X (formerly Twitter) went down for thousands of users on Monday. Musk blamed a cyberattack.Inc. - 12h -
Trump addresses economy concerns amid shifting policy on tariffs
President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some ...NBC News - 2d -
X outage affects thousands of users
An outage on the social media platform X appeared to impact thousands of users on Monday morning. According to outage-tracking website Downdetector.com, more than 37,000 users reported problems ...The Hill - 16h -
Elon Musk says "massive cyberattack" is causing outages at X
Elon Musk's social media site X wasn't working for thousands of users on Monday, with the billionaire claiming a cyberattack.CBS News - 11h