Steven Cohen’s Point72 Is Accused of Sexism in Workplace

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Just as billionaire Steven Cohen stages a comeback as a hedge fund manager, a current work litigated his Point7 2 Asset Management accusing it of discriminating against women and promoting a culture of sexism. Lauren Bonner, an associate director at the firm, too accused President Doug Haynes of using an improper term on a grey […]

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Ten Years After the Crisis, Banks Win Big in Trumps Washington

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In early February, with the Treasury secretary testifying about mad gyrations in the stock market and the Federal Reserve leveling unprecedented sanctions against American Bankers Association. Things” are glancing up for “the consumers ” of the banks, appearing up for their own economies, and for the banks as well ,” he says. Some of those […]

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GEs $31 Billion Problem

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John Flannery scarcely needs any more headaches. But at a time when General Electric Co . is facing what amounts to an existential crisis, a $31 billion inadequacy in its pension plan may involve any turnaround that involves a breakup of the 126 -year-old icon of American capitalism. Divvying up the obligations won’t be easy. […]

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Shut Up and Let Me Trade: The Week That Rocked Stock Markets

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One of the wildest scampers in U.S. stock-market biography began with the collapse of arcane stakes on volatility and ended with a sober actualization: The easy ride is over. After heart-stopping changes in the Dow( Down 1,000 pitches! Up 500 qualities !), a market amendment is lastly here. But why–and why now? Inflation, interest rates, […]

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What on Earth Happened to Stocks? Here’s Where to Cast the Blame

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Not widely accepted, but arguably overdue? The sharp-witted sell-off in stocks that started last week and gathered steam this week shortfall a particular trigger — wage amplifications are picking up — potentially improving inflation. Blended with a changing of the ward in Fed leadership, everything there is raised the question of whether surely policy makers […]

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Snap Revenue Surges on User Growth, Advertising Gains

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Don’t count Snap Inc . out just yet. The company gave marketings that blew past specialists’ expectations, its first upbeat quarterly report since going public, as advertisers start to get more comfy spend money on its Snapchat app. The broth pranced as much as 31 percent in extended trading. Snap’s first time as a public […]

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Inside Wall Street’s $8 Billion VIX Time Bomb

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It was the hot swap on Wall st., a seemingly sure thing that lulled everyone from hedge fund management to small-time investors. Now newfangled investments linked to volatility in the stock market — until only a few years ago, obscure niche commodities — have explosion in spectacular pattern. The shock wave have only just begun. […]

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Wells Fargo Hit With Rare Growth Ban in Yellen’s Final Act

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After markets shut on her final workday in department, Federal Reserve Chair Janet Yellen handed a punch to one of the nation’s largest banks: Wells Fargo& Co . won’t be allowed to grow until it empties up. Fed bureaucrats said the San Francisco-based lender’s blueprint of shopper abuses and compliance missteps called for an unprecedented […]

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What’s a Ping Pool? A VIP Lounge for Dark Trading

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There are casinoes that greet everyone, by the busload. Then there are casinoes the hell is by summon exclusively, designed for big rollers. In world markets, stock exchanges are the first style. Ping pools are the second. And like anything else with a velvet line, they’re making intense affair among the persons left outside. 1. […]

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Wells Fargo Hit With Unusual Ban on Growth in Yellen’s Final Act

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After sells shut on her final workday in power, Federal Reserve Chair Janet Yellen delivered a gale to one of the nation’s largest banks: Wells Fargo& Co. won’t be allowed to grow until it cleans up. Fed representatives said the San Francisco-based lender’s structure of consumer abuses and conformity missteps called for an remarkable sanction. […]

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