Wall Street

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial services industry (even if financial firms are not physically located there), or New York–based financial interests.

(source: en.wikipedia.org)

AI Firms Seek Big Tech Rescues as Enthusiasm Wanes
AI Firms Seek Big Tech Rescues as Enthusiasm Wanes
August 06, 2024  |  artificial intelligence

Character.AI and Google. Adept AI and Amazon. Microsoft and Inflection. What do these companies have in common? As The Wall Street Journal (WSJ) reported Tuesday (Aug. 6), they’re all part of a new trend in...

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Meta’s AI Spending Plans Leave Investors Unnerved
Meta’s AI Spending Plans Leave Investors Unnerved
April 25, 2024  |  Meta

Wall Street investors are reportedly uneasy about Meta’s multi-billion-dollar artificial intelligence (AI) plans. The company’s stock fell 15% in early trading Thursday (April 25), Bloomberg News reported,...

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Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
April 15, 2024  |  Earnings

Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking...

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Wall Street Banks Regaining Share of Financing Deals
Wall Street Banks Regaining Share of Financing Deals
April 10, 2024  |  Loans

Wall Street banks are reporting gaining back some of the share of financing deals they had lost to alternative-asset fund managers, insurers and other private credit....

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Consumers Cool on Spending Even as Inflation Slows
Consumers Cool on Spending Even as Inflation Slows
February 29, 2024  |  Economy

The headlines Thursday (Feb. 29) trumpet the fact that inflation rose in January at the rate most people expected — by 3% month on month....

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Goldman’s Net Charge-Off Rate on Consumer Loans Stands at 7%
Goldman’s Net Charge-Off Rate on Consumer Loans Stands at 7%
January 16, 2024  |  Earnings

For Goldman Sachs, the narrowing of focus continues. And in the latest earnings report, released Tuesday (Jan. 16), the Wall Street firm detailed its progress...

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Alphabet Sheds Entire Stake in Trading App Robinhood
Alphabet Sheds Entire Stake in Trading App Robinhood
November 13, 2023  |  Business

Google parent Alphabet has sold off all of its shares in trading app Robinhood. The tech giant in August had sold about 90% of its stake in...

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Apple Stock Falls 3% After Forecast for Weak Holiday Quarter
Apple Stock Falls 3% After Forecast for Weak Holiday Quarter
November 03, 2023  |  Apple

Apple shares reportedly experienced a decline after the company issued a warning Thursday (Nov. 2) about a lackluster holiday quarter. The stock initially fell more than...

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Report: Twitter Debt Could Come Back to Bite Banks
Report: Twitter Debt Could Come Back to Bite Banks
October 25, 2023  |  Debt

It’s been nearly a year since seven banking giants helped Elon Musk buy Twitter. Now, those lenders are dealing with the impact of that decision on...

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