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The Dow dropped more than 450 points to close at the lowest level since November 2020.
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The Dow dropped by more than 800 points as investors deal with a slew of concerns, including disappointing earnings and the prospect of sharply higher interest rates.
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The investment bank says it's "winding down its business in Russia in compliance with regulatory and licensing requirements," two weeks after the country first invaded Ukraine.
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Lawmakers are wrapping things up in Tallahassee this week. He’s what you need to know about that. Plus, big finance companies from New York and beyond are starting to look to Palm Beach County and South Florida as the ideal place to expand.
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The pandemic forced Wall Street dealmaking into the digital age, but many bankers want to get back to the way things were — and that includes traveling again.
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Jaime Rogozinski, a former moderator of the now-infamous Reddit forum that sent GameStop stock soaring, saw the chaos coming. For too long, Wall Street has been "an invite-only club," he says.
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GameStop has seen its stock soar, driven higher by a group of amateur day traders on Reddit, who are taking on Wall Street hedge funds. The frenzy has gotten the attention of regulators and lawmakers.
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The Dow Jones Industrial Average fell 879 points. That's on top of Monday's drop, when the Dow tumbled more than 1,000 points.
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Fearless Girl appeared across from the Charging Bull on the eve of International Women's Day in 2017. It has now been removed and will be placed in front of the New York Stock Exchange.
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Arturo Di Modica is not happy that the Fearless Girl now staring down his Charging Bull has effectively turned it into a villain. He and his lawyer are now asking that the new statue be removed.
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The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made.
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The SEC pursued civil charges against Fabrice Tourre, meaning that his punishment could range from a fine to a lifetime ban from trading in securities. A federal jury in New York City found that Tourre misled investors in a mortgage securities deal.