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What you need to know on Wall Street today
Hello. Here's what you need to know on Wall Street today.
President Donald Trump said on Wednesday that former FBI Director James Comey's Senate testimony is "loaded up with lies."
President Donald Trump acknowledged in an interview withThe New York Times published Wednesday that there was a certain red line he thought special counsel Robert Mueller shouldn't cross while carrying out the Russia investigation: digging into his finances.
On Thursday, it emerged that Mueller was expanding his investigation to do just that.
In related news, Trump once called the jobs report "one of the biggest hoaxes in modern politics" —now he accepts "those numbers very proudly." And a Federal Reserve committeeexecuted a brutal takedown of Trump's budget.
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A number ofwarning signs are bubbling up in the US economy, according to David Rosenberg. And tbut only one is good news
Goldman Sachswants to become the Google of Wall Street, and now it is staffing up the unit that could help it achieve that goal. The New York-based financial services giant is hiring for Marquee,
And the CEO of Morgan Stanley took a shot at the startups shaking up investing.
A wave of staffers has left hedge fund Folger Hill as the firm searches for fresh money. A hedge fund set up by Steve Cohen's former chief investment officer is crushing it. And twalked away with $300 million
Billionaire hedge fund manager Bill Ackman's first tweet was a photo of him at Chipotle. The company's stockconfirmed norovirus is behind the recent illness outbreak.
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Bill Gross compared Fed policyto an umpire who died on the field. And Blackstonewhiffed on earnings.
In deal news, Wall Street is making huge bets on healthcare companies you've never heard of. An unprofitable yoga chain is the latest failed IPO. And Blue Apron's VC backers have made gobs of money —while regular investors have taken a bath.
In markets news, there's still a killing to be made this earnings season, according to Goldman Sachs. And US stocks haven't been this unpopular since the financial crisis.
Wall Street is questioning if Home Depot is Amazon-proof. And Sears just dealt a huge blow to its stores — and the company's stock is skyrocketing.
Startups are enjoying a goldrush selling digital coins online — but can you tell the real one from the fakes?
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Elon Musk says he just got '"verbal government approval" to build a Hyperloop between New York and DC.
Alibaba's revenue is going to explode this year, according to Jack Ma.
Lastly, here's what would happen if you broke your arm in 7 countries around the world.
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