Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Will Wall Street Lose Faith in the Fed? Advertisement Supported by ByConrad De Aenlle April 12, 2019 The Federal Reserve gave Wall Street just about everything it wanted, helping to make the first three months of 2019 a great time to be in stocks and bonds. Yet Fed policy may be partly responsible for problems in the markets, too, raising the prospect of a reversal later this year. For the quarter, the average domestic stock fund tracked by Morningstar gained 13.5 percent, led by specialists in technology, energy and consumer issues. Bond funds were up 3.8 percent, and international stocks rose 11.1 percent, with funds that focus on China and other emerging markets doing best. But some market strategists worry that the Fed has been trying too hard to please investors. “Central banks feel … [Read more...] about Will Wall Street Lose Faith in the Fed?
Screwing wall street
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Philip Bump The Washington Post January 10, 2019 Back in April 2015 — an era so distant in American history that it barely shimmers in and out of view, cloaked in the haze of everything that’s happened since — Donald John Trump promised the United States that he would build a wall on the border with Mexico and that Mexico would cover the cost.It was at an event in New Hampshire covered by Paul Steinhauser of NH1 News, targeting the state which, as it turns out, would provide Trump with his first victory in electoral politics. But at the time — despite Steinhauser’s accurate assessment that it wasn’t — it seemed like a joke. The TV guy was going to build a wall for free, huh? Okay. Good luck.The point, though, is that Trump’s insistence that Mexico would pay for the wall is, in fact, older than his campaign itself. … [Read more...] about Trump claims he never said Mexico would cut a check for the wall. Let’s go to the tape
Tory Newmyer, The Washington Post Published 7:45 am CST, Friday, November 9, 2018 Sen. Sherrod Brown, D-Ohio, at a hearing in Washington, D.C., on July 19, 2018. Sen. Sherrod Brown, D-Ohio, at a hearing in Washington, D.C., on July 19, 2018. Photo: Bloomberg Photo By Andrew Harrer Photo: Bloomberg Photo By Andrew Harrer Image 1 of / 1 Caption Close Image 1 of 1 Sen. Sherrod Brown, D-Ohio, at a hearing in Washington, D.C., on July 19, 2018. Sen. Sherrod Brown, D-Ohio, at a hearing in Washington, D.C., on July 19, 2018. Photo: Bloomberg Photo By Andrew Harrer The Finance 202: Voters send mixed messages on Wall Street regulation 1 / 1 Back to Gallery WASHINGTON - As the midterm dust settles, this much is clear: The message … [Read more...] about The Finance 202: Voters send mixed messages on Wall Street regulation
Looking for news you can trust?Subscribe to our free newsletters. Was I too tough on President Trump yesterday? After all, his new Medicare policy on pharmaceuticals will lower prices if he follows through with it. But will he? And will it really make much of a difference even if he does? Well, there’s one group of experts who don’t seem too worried: Wall Street investors. Here’s how the stock market reacted over the past few days: On Wednesday, when the White House announced Trump’s speech, investors were nervous and pharmaceutical stocks dropped. But on Thursday they started hearing soothing rumors, and a little after 2 pm they heard the speech itself. Pharmaceutical stocks spiked up as everyone realized that nothing bad was happening. Then they drifted down a bit until the market closed and drifted up after the opening bell today. None of these movements were huge. But that’s the point: it’s pretty obvious that investors and analysts … [Read more...] about Health Care Roundup: Drug Companies Are Happy, Consumers Are Screwed
Lourenco Goncalves, CEO of iron-ore producer Cleveland-Cliffs, was in no mood to mince words Friday during a conference call with Wall Street analysts to discuss the company's latest earnings. "You guys should resign for your lack of knowledge of things," the CEO said. "You are a disaster. You are an embarrassment to your parents." Then he got personal. "We are going to screw this guy so badly that I don't believe that they will be able to only resign. They will have to commit suicide," said Goncalves, Cleveland-Cliffs' CEO since 2014, in an apparent reference to analysts who cover his company. The harsh words are reminiscent of a confrontational performance in May by Elon Musk, when the Tesla CEO blasted what he call "boring, bonehead" questions about the electric car maker during a conference call with stock analysts. Goncalves's rant came after the mining company reported a third-quarter profit of nearly $438 million, slightly below expectations. … [Read more...] about Cleveland-Cliffs stock dips as CEO rips Wall Street analysts