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What you need to know on Wall Street today
Benjamin Zhang/Business Insider
Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours.
Does the stock market even need the Trump trade anymore?
In the months right after the presidential election, the sectors seen as most closely tied to President Donald Trump’s proposed policies — most notably financials and industrials — soared. But an interesting wrinkle has formed: Whenever one of the plentiful negative Trump headlines hits news wires, investors are mostly unshaken.
In fact, the stock market’s biggest driver hasn’t been this healthy in years.
Ford Motor Co. announced the departure of CEO Mark Fields on Monday. Here’s what you need to know:
- Ford CEO Mark Fields is out — and it looks “like a coup”
- One brutal chart shows the writing was on the wall for Ford CEO Mark Fields
- Ousted Ford CEO Mark Fields had the impossible job of pleasing two masters
- Ford’s ousted CEO told us he was thinking long term — Wall Street couldn’t wait
- Ford’s shake-up proves Detroit is facing mounting pressure from Silicon Valley
- Ford won’t split into 2 companies to battle Tesla under the new CEO
- Take a closer look at Ford’s $400,000 GT supercar
In deal news, Huntsman and Clariant are joining forces to create a $14 billion chemical behemoth. Trump signed a massive $110 billion deal with Saudi Arabia that focuses on defense. And Blackstone is launching a $40 billion infrastructure fund, with a $20 billion anchor investment from Saudi Arabia’s main sovereign wealth fund.
A “paradigm shift” is taking place in financial technology, according to Morgan Stanley. Only a “handful” of robo-advice startups will survive, according to the US investment bank.
Economists are puzzled about why incomes aren’t rising — but workers have a good hunch. In related news, a millionaire former BlackRock exec slammed McDonald’s over its treatment of workers. And the “gig economy” has broken a fundamental link in capitalism that was good for workers.
Thousands are flocking to a credit card that helps people repair their bad FICO scores and avoid payday loans. And baby boomers are making it harder for millennials to buy homes.
Here’s why hedge fund legend George Soros is a favorite target of the right.
Here are a couple of views on the market:
- BLACKROCK: Here’s what the bond market is telling us about reflation
- JPMORGAN: This cycle is already defying investor logic — and it could go on for a lot longer
There’s an exclusive, invite-only restaurant inside the New York Stock Exchange where only listed companies and employees can eat. And see inside the epic Manhattan party honoring Goldman Sachs and Diddy.
In other news, Sears’ CEO blames the media for the company’s decline — but his obsession with Wall Street set the retailer up for failure. The carnage in retail is good news, but only if you know where to look.
It’s official: SoftBank’s tech fund has become world’s biggest with $93 billion to invest. Panasonic is making a massive bet on electric cars — here’s why the US CEO says it’s a “slam dunk” investment. And here’s how Apple becomes a $1 trillion company, according to RBC Capital Markets.
A small Boston biotech is at the heart of a groundbreaking approach to tackling cancer. And Google Ventures’ life-sciences team has a second job — and it helps them make better investments.
Lastly, we drove the $300,000 McLaren supercar designed to beat Ferrari — and it was incredible.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rtP0AI
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Benjamin Zhang/Business Insider
Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours.
Does the stock market even need the Trump trade anymore?
In the months right after the presidential election, the sectors seen as most closely tied to President Donald Trump’s proposed policies — most notably financials and industrials — soared. But an interesting wrinkle has formed: Whenever one of the plentiful negative Trump headlines hits news wires, investors are mostly unshaken.
In fact, the stock market’s biggest driver hasn’t been this healthy in years.
Ford Motor Co. announced the departure of CEO Mark Fields on Monday. Here’s what you need to know:
- Ford CEO Mark Fields is out — and it looks “like a coup”
- One brutal chart shows the writing was on the wall for Ford CEO Mark Fields
- Ousted Ford CEO Mark Fields had the impossible job of pleasing two masters
- Ford’s ousted CEO told us he was thinking long term — Wall Street couldn’t wait
- Ford’s shake-up proves Detroit is facing mounting pressure from Silicon Valley
- Ford won’t split into 2 companies to battle Tesla under the new CEO
- Take a closer look at Ford’s $400,000 GT supercar
In deal news, Huntsman and Clariant are joining forces to create a $14 billion chemical behemoth. Trump signed a massive $110 billion deal with Saudi Arabia that focuses on defense. And Blackstone is launching a $40 billion infrastructure fund, with a $20 billion anchor investment from Saudi Arabia’s main sovereign wealth fund.
A “paradigm shift” is taking place in financial technology, according to Morgan Stanley. Only a “handful” of robo-advice startups will survive, according to the US investment bank.
Economists are puzzled about why incomes aren’t rising — but workers have a good hunch. In related news, a millionaire former BlackRock exec slammed McDonald’s over its treatment of workers. And the “gig economy” has broken a fundamental link in capitalism that was good for workers.
Thousands are flocking to a credit card that helps people repair their bad FICO scores and avoid payday loans. And baby boomers are making it harder for millennials to buy homes.
Here’s why hedge fund legend George Soros is a favorite target of the right.
Here are a couple of views on the
- BLACKROCK: Here’s what the bond market is telling us about reflation
- JPMORGAN: This cycle is already defying investor logic — and it could go on for a lot longer
There’s an exclusive, invite-only restaurant inside the New York Stock Exchange where only listed companies and employees can eat. And see inside the epic Manhattan party honoring Goldman Sachs and Diddy.
In other news, Sears’ CEO blames the media for the company’s decline — but his obsession with Wall Street set the retailer up for failure. The carnage in retail is good news, but only if you know where to look.
It’s official: SoftBank’s tech fund has become world’s biggest with $93 billion to invest. Panasonic is making a massive bet on electric cars — here’s why the US CEO says it’s a “slam dunk” investment. And here’s how Apple becomes a $1 trillion company, according to RBC Capital Markets.
A small Boston biotech is at the heart of a groundbreaking approach to tackling cancer. And Google Ventures’ life-sciences team has a second job — and it helps them make better investments.
Lastly, we drove the $300,000 McLaren supercar designed to beat Ferrari — and it was incredible.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rtP0AI
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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