Finance
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Alexandria Ocasio-Cortez fought off a Wall Street-backed election challenge. Here are some of the titans of finance who backed her opponent, Michelle Caruso-Cabrera.
Representative Alexandria Ocasio-Cortez won her bid to remain the Democratic candidate in her New York district this week in a primary election,...
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SoftBank’s Masayoshi Son is stepping down from Alibaba’s board as he focuses on shoring up SoftBank’s shaky finances
SoftBank’s Masayoshi Son is stepping down from the board of Alibaba, he announced in a shareholder call on Wednesday. Son was one...
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Here’s who’s most at risk as Wall Street kicks off the tidal wave of layoffs many banks promised would never come
Many banks had pledged they wouldn’t slash jobs during the coronavirus pandemic. Europe’s biggest bank, HSBC, has restarted plans to slash 35,000...
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Simon Property is at the center of 3 big legal battles as stores finally begin to reopen. Here’s what the future holds for the biggest US mall REIT.
Simon Property Group is suing Taubman Properties to back out of its $3.6 billion deal to acquire the mall company. It’s also...
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At a virtual town hall, a top UBS Americas wealth exec shed light on how white the firm’s adviser force is and promised to hire hundreds of Black FAs (UBS)
1% of the nearly 6,500 financial advisers in UBS’s wealth management business in the Americas are Black or African American, division co-head...
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The 6 biggest US banks granted over 5,000 H-1B visas last year. Here’s how firms like Goldman Sachs and Wells Fargo are reacting to Trump’s shutdown.
President US Donald Trump suspended a variety of visa programs, one of which big banks use for hiring, particularly on tech teams....
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408Morgan Stanley sees Tesla falling 35% from current levels, says rally to $1,000 ignores a host of risks (TSLA)
Rebecca Cook/Reuters Tesla at more than $1,000 per share is plausible but ignores a host of market and execution risks, Adam Jonas...
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360Oil plummets 8% on 2-pronged threat from COVID resurgence and inventory increase
Spencer Platt/Getty Images Oil prices slumped on Wednesday as investors stared down a larger-than-expected jump in US crude inventories and surging COVID-19...
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443Dow slips 510 points as spiking virus cases revive economic-recovery worries
Bryan R Smith US equities slid on Wednesday as rising coronavirus case counts around the world fueled fresh fears of a slow...
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Warren Buffett’s $90 billion Apple stake represents a ridiculous 20% of Berkshire Hathaway’s market value
Warren Buffett’s Berkshire Hathaway owns Apple shares valued at almost $90 billion. Berkshire’s market capitalization is $440 billion, meaning its Apple stake...