Tag Archives: street

A correspondent working for the Wall Street Journal (WSJ) in Russia has been detained in the city of Ekaterinburg in the Urals, the FSB security service announced on Thursday. Evan Gershkovich, who covers news from Russia, Ukraine and other parts of the former USSR for the American newspaper, was accused …

Several major US banks have restarted facilitating trades in Russian debt obligations after getting a green light from Washington, Reuters reported on Monday, citing bank documents. According to the report, Wall Street giants JPMorgan Chase, Bank of America, Citigroup, Deutsche Bank, Barclays and Jefferies have so far “cautiously returned to …

JPMorgan Chase and Goldman Sachs are withdrawing from handling trades of Russian debt, Bloomberg reported on Tuesday. The pullout follows Washington’s announcement last week that it was banning US investors from holding such assets. According to the report, which cited market professionals, JPMorgan Chase and Goldman Sachs were still matching …

Billionaire investor and philanthropist Warren Buffett has blasted Wall Street, saying that speculative behavior is largely encouraged and that this is turning the stock market into a “gambling parlor.” “Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism,” Buffett said during …

The Federal Reserve will face a difficult task in tightening monetary policy enough to cool inflation without causing a recession in the United States, Goldman Sachs Chief Economist Jan Hatzius wrote in a research report on Sunday and seen by Bloomberg. The analyst sees the odds of economic contraction at …

JPMorgan Chase says commodities could rise in price by 40% should investors boost their allocation to raw materials at a time of rising inflation. According to Bloomberg, the bank’s strategists said that while allocations appear to be above historical averages on commodities, they are not very overweight. That suggests scope …

Former Goldman Sachs head of investment banking for Malaysia Roger Ng has been convicted of bribery and corruption related to the theft of $4.5 billion from the state investment fund 1MDB. The banker was found guilty on Friday following a two-month trial in Brooklyn federal court.  Despite the participation of …

The combination of inflation, the conflict in Ukraine and Russia sanctions may “dramatically increase risks ahead” for the United States, JPMorgan’s Chief Executive Jamie Dimon said in his annual letter to shareholders on Monday. He has warned of unpredictable consequences for the nation’s economy. According to Dimon, the outbreak of …

The US dollar is dealing with some of the same challenges that the British pound faced in the early 1900s, before it went into decline, Goldman Sachs said in a research note released on Thursday. The Wall Street bank warns that the greenback could lose its global dominance. According to …

The Met Police have confirmed that an investigation has been launched into “a number of events” held at Downing Street over potential breaches of Covid rules. “I can confirm that the Met is now investigating a number of events that took place at Downing Street and Whitehall in the last …