wall street
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Opinion
Wall Street woes will hammer NYC — so Eric Adams must cut spending NOW
After a week of tariff-driven ups-and-downs in the financial markets, New York City’s economy may soon start feeling woozy. The…
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Tech
Morgan Stanley set to slash 2,000 jobs in move to improve efficiency
Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter said Tuesday.…
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Tech
JPMorgan credits coding assistant tool for boosting engineers’ efficiency
Tens of thousands of JPMorgan Chase software engineers increased their productivity 10% to 20% by using a coding assistant tool developed by the…
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Tech
Tesla stock drop erases $700B in gains since Trump election
Tesla’s stock continued its weeks-long nosedive on Friday as Elon Musk’s electric vehicle maker erased $700 billion in gains that…
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Tech
Uber surges after Bill Ackman reveals $2B stake in app
Billionaire hedge fund manager Bill Ackman revealed on Friday that his activist investment firm has bought up approximately $2 billion…
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Tech
Blackstone reaffirms big bet on AI data centers despite DeepSeek threat
Blackstone said Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China’s DeepSeek,…
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Tech
DeepSeek hysteria could quickly fade as skepticism grows
The markets want you to think the DeepSeek freak-out is an immediate existential threat to US tech and AI dominance.…
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Tech
Wall Street banks set to sell billions of dollars of X loans
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform…
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Tech
Trump meme coin surges to nearly $11B in value on Inauguration Day
Donald Trump’s newly launched cryptocurrency surged on Monday to nearly $11 billion in market value as billions poured into trading…
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Tech
Apple poised to hit $4T valuation thanks to iPhone sales
Apple is poised to become the first company to cross the $4 trillion threshold — powered by investors cheering progress…
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