Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: What Bank C.E.O.s Said to Congress Advertisement DealBook Supported by April 11, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Bank chiefs talk regulation, Russia and recession The C.E.O.s of seven huge American banks testified on Capitol Hill yesterday — the first time since 2009 that top Wall Street C.E.O.s have appeared en masse before Congress. Here’s how they responded to a grilling by House Democrats on a variety of issues. Banking rules: The C.E.O.s argued that the financial system is much safer today than it was a decade ago, despite recent easing of regulations. Russia: Brian Moynihan of Bank of America, James Gorman of Morgan Stanley and Mike Corbat of Citigroup all said they had reviewed their account holders for potential Russian … [Read more...] about DealBook Briefing: What Bank C.E.O.s Said to Congress
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Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: What the State of the Union Means for Business DealBook Supported by Feb. 6, 2019 Good Wednesday morning. (Was this email forwarded to you? Sign up here .) Breaking down the speech In his 82-minute address last night, President Trump cited U.S. economic growth and his efforts to keep it up, while attacking opponents in a speech that ostensibly called for unity in Washington. Here are the highlights for the business world: Mr. Trump defended his economic record. He took credit for America’s robust economic health — a key message for his 2020 re-election campaign — and assailed critiques of his administration’s efforts, including tax cuts and loosened regulations. “An economic miracle is taking place in the United States — and the only thing that can stop … [Read more...] about DealBook Briefing: What the State of the Union Means for Business
By: John Stepek 20/12/2018 Will we live long enough to see Brexit? Is the US dollar heading for a bear market? Will wages take off in 2019? John Stepek asks the experts at our Christmas Roundtable. John Stepek: How will Brexit affect markets next year? Jim Leaviss: Since the 2016 referendum, sterling has already weakened substantially. On the Big Mac index, it’s one of the world’s cheaper currencies. And we don’t have that doom loop that existed in the US in 2008 after the Lehman Brothers crash, whereby falling asset prices created more panic. Now if sterling falls a bit… Tim Price: …it just boosts FTSE 100 earnings. Jim L: Exactly. If anything, weaker sterling helps. So I don’t think we have that to worry about. Even so, I think next year will be very difficult for sterling assets. Bank of England governor Mark Carney’s worst-case scenario for commercial property was the one that Jim Mellon: Yes, but how good has … [Read more...] about What to invest in as the bear market in shares kicks in
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | The Market’s Been Falling. I’m Putting My Money in Stocks Anyway. Supported by Strategies ByJeff Sommer Nov. 16, 2018 The stock market has been plummeting and my own retirement portfolio has been shrinking. Am I worried? Sure. But I’m still buying stocks. Week after week lately, I’ve been stubbornly funneling part of my paycheck into diversified equity mutual funds in the hope of long-term gains, knowing full well that I’ve been losing money. It’s not because I’m confident the market will start a big rally soon. I’m sticking with stocks precisely because I have no idea where the market is heading, and the statistics show that mistiming market rallies is excruciatingly costly. And I’m doing it out of faith in the future. Over the long run, the … [Read more...] about The Market’s Been Falling. I’m Putting My Money in Stocks Anyway.
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook Supported by Nov. 5, 2018 Good Monday morning. (Was this email forwarded to you? Sign up here .) Masa Son justifies doing business with Saudi Arabia Masayoshi Son, SoftBank’s C.E.O., finally spoke out today against the killing of the Saudi dissident Jamal Khashoggi. But he added that his company wouldn’t distance itself from Saudi Arabia — the biggest investor in its nearly $100 billion Vision Fund. From the FT’s write-up of SoftBank’s earnings call: “We have accepted funds from the people of Saudi Arabia that will be critical to diversifying the economy so that it will not be dependent only on oil,” Mr. Son said at the beginning of an earning briefing in Tokyo. “It is true that this was a tragic case, but we also have a responsibility that we must uphold for the future of the … [Read more...] about DealBook Briefing: SoftBank’s Chief Stands by the Saudis