Wall Street

New York City’s controversial plan to charge $15 for congestion pricing to enter Manhattan has been stalled. What Happened: New York Governor Kathy Hochul announced an indefinite pause on Wednesday. "Let's be real: a $15 charge may not mean a lot to someone who has the means, but it can...

The United States government is currently paying an unprecedented $2 million per minute in interest on its national debt, a figure that is expected to continue rising. This development has sparked a debate on Wall Street about the impact of higher interest rates on the economy. What Happened: The U...

The ongoing surge in Bitcoin (CRYPTO: BTC) prices is proving to be a boon for cryptocurrency miners. Their revenues have soared to unprecedented levels, thanks to a perfect storm of factors including the upcoming halving event and the growing interest from Wall Street, Deutsche Bank said in a...

The U.S. economy is currently experiencing a peculiar situation. A crucial recession indicator has been flashing for over a year, yet the other vital component of a downturn is nowhere to be found, DataTrek Research wrote in a note. What Happened: The spread between the 10-year and three-month...

Wall Street saw a muted trading session as major indices dipped into the red by midday in New York. Traders are currently anticipating further insights into monetary policy from the forthcoming Federal Reserve meeting minutes. Investors are also poised for another significant event, as Nvidia Corp...

As the 2024 elections approach, Wall Street traders are showing a surge of unease, as demonstrated by the Cboe Volatility Index, Wall Street’s so-called “fear gauge,” which reveals an alarmingly high level of anxiety among traders. What Happened: The Cboe Volatility Index, has...

Notorious for guiding the world’s most volatile IPOs in 2022, brokerage firm Network 1 Financial Securities Inc. is gearing up to usher a new group of microcap companies into the U.S. exchanges. What Happened: The Red Bank, New Jersey-based firm is set to underwrite for Epsium Enterprise Ltd...

In a recent public webcast, Jeffrey Gundlach, CEO of DoubleLine Capital and billionaire investor, expressed concerns about a potential recession and a downturn in the S&P 500. What Happened: Gundlach held a bearish stance on the market, indicating the S&P 500 is a less-than-ideal investment...

As the new year began, Wall Street had high expectations after a spirited holiday rally. However, investors have faced unexpected hurdles, including renewed concerns about the Federal Reserve's policies. This has led to a turbulent start to 2024, with significant market declines. What...

U.S. chip stocks have begun 2024 with a decline, following a remarkable performance in the previous year, which marked the best surge since 2009. What Happened: Major chip companies such as Advanced Micro Devices Inc (NASDAQ:AMD), Qualcomm Inc (NASDAQ:QCOM), and Broadcom Inc (NASDAQ:AVGO) saw a...

The CBOE Vix Volatility Index was up more than 12% Tuesday morning as stocks opened lower on Wall Street. In the first few minutes of trade, the S&P 500 index was down 0.8%, while the NASDAQ, which has been the best-performing of the major U.S. indices over 2023, lost 1.6%. After a strong...

Wall Street rebounded on Thursday, with the S&P 500 recovering from its worst day since September. The Dow gained 0.87%, the Nasdaq rose 1.26%, and the S&P 500 added 1.03%, bringing it within 1% of its closing high and 1.5% of its intraday record. What Happened: The year-end surge that...

Wall Street is recalibrating its 2024 interest rate forecasts following a significant dovish pivot from the Federal Reserve. This change in stance, indicating potential rate cuts, has led to a notable shift in market dynamics, with investors and forecasters adjusting their expectations for the...

Blockchain companies, including Animoca Brands and Chainalysis, are now in the crosshairs of a $500 million fund aimed at acquiring secondary shares in crypto firms at significant discounts. This fund, C1, established by ex-Coinbase (NASDAQ: COIN) legal and investment professionals,...

Nikki Haley, former U.S. ambassador to the United Nations, has collected over half a million dollars at a recent fundraising event in New York. The event, attended by Wall Street’s most influential financiers, marks a significant step in her campaign’s financial viability...