Wall Street

Markets

ESG Funds Shrink for the First Time Ever

(Photo by Harry Cunningham on Pexels)

This year’s third quarter marked the first time that more sustainable funds either liquidated or shed their ESG criteria than were added.

2 min read

(Photo by Griffin Wooldridge on Unsplash)

Banking

Wells Fargo Gets Called Out for Lax Crime Prevention

Watchdogs have been badgering Wells Fargo about its lackadaisical approach to monitoring and preventing financial crimes.

2 min read
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Indicators

US Retail Sales Dip in October, But It Could’ve Been Worse

According to the US Commerce Department released Wednesday, retail sales dipped slightly month-over-month in October, falling just 0.1%.

2 min read
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Blockchain

Former FTX Execs Hope You Forget Their Old Employer

A group of former FTX employees, who were key witnesses in Sam Bankman-Fried’s fraud trial, are planning to launch a new crypto exchange.

1 min read

Media & Entertainment

AMC Swung to a Profit, Still Needs More Cash

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AMC, the world’s largest movie theater chain, said Thursday that it filed to offer up to $350 million of stock.

1 min read

M&A

Chevron’s Hess Acquisition Fuels Broader M&A Frenzy

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On Monday, Chevron said it would acquire energy player Hess for $53 billion. It’s the latest megadeal in a wildly active industry this month.

2 min read

(Photo by Connor Lin/The Daily Upside)

Banking

Goldman Sachs Sees Profits Plummets Amid Consumer Pivot

Goldman Sachs saw its profits slump 33% in its latest quarter, as the bank continues retreating from the consumer banking sector.

2 min read
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Personal Finance

Hiring Slowdowns Have MBA Grads Scrambling for a Plan B

With economic uncertainty looming over the finance industry, a handful of the most popular firms have cut back their MBA hiring efforts.

2 min read
(Photo Credit: Viktor Bystrov/Unsplash)

Finance

Carl Icahn’s Big Bet Against Shopping Malls Hasn’t Exactly Worked Out

Wall Street legend Carl Icahn bet big and — so far — has lost big on a wager against US shopping malls by way of a risky derivative strategy.

2 min read

Indicators

Recession Increasingly Unlikely, WSJ Economist Survey Finds

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In The Wall Street Journal’s quarterly survey of economists respondents pegged the chance of a recession in the next year at just 48%.

2 min read

Photo by Pavel Danilyuk on Pexels

OP-ED | Power Corridor

SBF’s Adventures in Wonderland

Experts weigh in on how the crypto king, Sam Bankman-Fried, got lost in the casino.

6 min read
SBF trial, Caroline Ellison

OP-ED | Power Corridor

Multibillion-Dollar Trial Not Going So Well for Sam Bankman-Fried

Star witness and Sam Bankman-Fried’s former girlfriend of Sam Bankman-Fried, Caroline Ellison, says he directed the crimes.

2 min read
(Photo by National Cancer Institute on Unsplash)

Artificial Intelligence

Google Launches Search Engine for Medical Records

Google’s cloud division says it’s launching a new AI-powered tool designed to rifle through and compile patients’ medical records.

1 min read

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