- REUTERS/Rick Wilking
- REUTERS/Rick Wilking
Finance Insider is Business Insider’s summary of the top stories of the past 24 hours.
To sign up, scroll to the bottom of this page and click “Get updates in your inbox,” or click here.
Donald Trump just made a new mess while walking back his controversial plan for US debt.
The problem, according to Business Insider’s Josh Barro, is that he thinks he is a financial genius.
The CEO of fintech company Lending Club is stepping down, and the stock is crashing.
We’ve been poring over a Valeant document dump from the Senate. Here are the highlights:
We just got insight into what Bill Ackman wants Valeant to do next. Here’s the email Bill Ackman sent to Charlie Munger to complain about Munger’s Valeant comments. “The company is at risk of getting into a death spiral”: Bill Ackman’s emails reveal a wild relationship with Valeant.
In other news, it turns out that a booming Wall Street business is based on guesstimates, and that could be a problem. China’s president may have warned about a potentially ‘deadly’ risk to the economy. And Citigroup has appointed a new team at the top of its equities business – here’s the memo.
Lastly, John McAfee was just named CEO of a small tech company, and the stock is going nuts.
Here are the top Wall Street headlines at midday:
The huge ‘Panama Papers’ data dump just dropped – The International Consortium of Investigative Journalists just published a huge database about how some of the world’s wealthiest and most powerful people hide their cash – dubbed the “Panama Papers.”
The massive spike in the number of apartments built in the US last year was almost entirely because of a single city – It is all because of New York.
Meet the all-woman team disrupting an antiquated financial industry – It’s not often you come across an all-woman management team in business.
Goldman Sachs is going after Main Street – The Wall Street firm has made some significant changes in recent weeks that hint at a strategic shift away from its traditionally elite clients and toward more common investors.
CITI: The 10-year yield is going back toward record lows, but this time is different – Wall Street’s analysts and the futures market are falling into line on when the next hike will be.
Goldman Sachs’ HR chief says this is the key to writing a winning cover letter – If you ever questioned the value of a cover letter in today’s technological age, Goldman Sachs’ HR chief has an important message for you.