Wall Street
Before AOC Wore It On A Dress, Occupy Wall Street Called To "Tax The Rich"
Ten years after thousands gathered to protest capitalism, the message and mission of Occupy Wall Street still feels relevant.
The WallStreetBets GameStop Hype Saved This Dog's Life
By getting in and out at just the right time, a Texas man got enough money to pay for his dog's surgery.
These People Have No Clue What's Going On Between Wall Street And Reddit But Are Celebrating Anyway
"Very happy this wall street bets thing is good. I feel like a proud yet confused mother."
Two Wall Street Firms Took Huge GameStop Losses After Admitting Defeat To Redditors
"We have been called boomers many times over the past week," said the head of one hedge fund.
Listen: Here’s What’s Going On With GameStop Stocks
“The fact that this was a troll-y online movement that made a big impact is so 2021.”
Just A Bunch Of Good Memes About How Reddit Successfully Trolled Wall Street Tycoons With GameStop Stocks
Don't worry, I had to learn a bunch about investments and hedge funds to appreciate these jokes too.
An “Angry Mob” On Reddit Is Pushing Up GameStop's Stock Price And Pissing Off A Bunch Of Wall Street Firms
One financial industry expert told BuzzFeed News the redditors were engaged in a “coordinated attack.”
A Leaked Internal Report Reveals The Wall Street Journal Is Struggling With Aging Readers And Covering Race
The report, obtained by BuzzFeed News, was dated the same month that ongoing tensions between news and opinion sections at Rupert Murdoch’s broadsheet spilled into the public.
Opinion: Private Equity Is The Enemy Of Working People Everywhere
My retail job was destroyed by greedy financial executives. There are millions more like me, and we're fighting back.
13 Books For Everyone Who Is Searching For A Career They Actually Love
Say hi to your new boss for me.
A Former Republican Operative With Ties To White Nationalists Has Been Publishing Opinion Pieces In The Wall Street Journal
Marcus Epstein, a former associate of Richard Spencer and a former contributor to white nationalist site VDare, has written for the Wall Street Journal, the Hill, and Forbes under a thinly veiled pen name.
The Wall Street Journal Told People Not To Wear Sweatpants When Working From Home And It Didn't Go Well
Lol imagine even *owning* $3,000 pants.
26 Of The Most Powerful Pictures From The Occupy Wall Street Movement
Seven years ago today, demonstrators occupied New York City's Zuccotti Park to protest a wide range of issues surrounding worldwide economic inequality. By November, the New York City Police Department had forcefully evicted the demonstration.
Apple Just Made History As The Most Valuable Public Company Ever
Apple stock is on fire.
How Wall Street Bought Toys ‘R’ Us And Left 30,000 People Without Jobs
Toys ‘R’ Us's bankruptcy left 30,000 people without jobs — or severance. As Wall Street deals to buy rusty retail companies collapse, minimum-wage workers stand to lose the most.
“Billions” Has Become TV’s Sharpest Critique Of Toxic Masculinity
In its third season, Showtime's Billions has snapped into focus from being a blurry series about power to an infinitely sharper one about gender. Spoilers through last night's episode, "Hell of a Ride," below.
How A Player In The Trump-Russia Scandal Led A Double Life As An American Spy
Felix Sater has been cast as a Russian mafioso, a career criminal, and a key business associate of President Donald Trump's — but he spent more than two decades as an intelligence asset who helped the US government track terrorists and mobsters. “Greed is my go-to weapon.”
The Lefty Democratic Shift On Wall Street Is Happening For Real
This week, the Senate is expected to pass a bill to roll back some Dodd-Frank provisions on smaller banks with bipartisan support — except from virtually every 2020 presidential hopeful.
Which Sad Stock Trader Are You? Find Out By Building A Text, Obviously.
This quiz is highly scientific, and also very sad.
Snap Shows It Ain’t Dead Yet
A positive earnings report sends Snap Inc.'s stock up, up, and away.
People Are Spending Less Time On Facebook, But Investors Are Still Backing The Company
Facebook's stock initially dropped on the news that people were spending 50 million fewer hours on the platform each day. But then the market showed it could stomach it.
The Rich Get Richer: Big Bonuses For Bankers Are Making A Comeback
Except for the poor bond trader.
A Black Jewish Banker Is Accusing Goldman Sachs Of Racial Discrimination
A Goldman Sachs employee claims "segregation is alive and well on Wall Street."
These Are The 11 Most WTF Things Trump Actually Said In A Wall Street Journal Interview
"Number one, they should go after the leakers in intelligence. I don’t mean the White House stuff where they’re fighting over who loves me the most, OK? It’s just stupid people doing that."
Twitter Is Testing A $99-Per-Month Advertising Subscription Service
Twitter sets its sights on recurring revenue with a new test.
The Wall Street Journal Just Fired A Top Correspondent For Ethical Violations
Jay Solomon was sacked just before the Associated Press reported he had been involved in a potential deal with an Iranian-born businessman.
The Beginning Of The End Of Obama's Wall Street Legacy
The Financial CHOICE Act would roll back the Dodd-Frank bank regulations and gut the Consumer Financial Protection Bureau.
The Media's Best-Kept Secret Was A Free Wall Street Journal Login, And Now It's Gone
Username: media. Password: media. Everyone knew about it, but nobody talked about it.
American Airlines Gave Workers A Raise And Wall Street Is Furious
The airline's stock fell Thursday and Friday following a contract that would pay nearly $1 billion to unionized employees over three years.
Do You Have What It Takes To Be A Billionaire? Or Will You Lose It All
Are you the next Wolf of Wall Street?
Some Republicans Really Don’t Want President Trump To Fire The Director Of Wall Street Critic CFPB
Richard Cordray runs the Republican-hated CFPB. But if Trump fires him, Republicans in Ohio worry he’ll return home as a political martyr who lost his job for being too tough on Wall Street and the banking industry — and the top Democratic candidate for governor.
Snap Will Remember Its IPO Day For The Cash It Made And The Expectations It Set
Snap made its money — now the pressure is on.
Trump's Pick For Army Secretary Has Abruptly Withdrawn His Name
Billionaire Vincent Viola said the challenges of separating himself from his organizations have "proven insurmountable."
Trump Says Banking Rules Must Change Because His Friends "Just Can’t Get Any Money"
The Trump administration will get rid of many of the rules that were introduced in the wake of the bank bailouts of 2008.
10 Things We Learned About Snapchat From Its IPO Filing
Snap Inc's filings reveal big losses, a slowdown in growth and founders who will keep total control of the company once it goes public
¿Frase de Rita Barberá o de 'El lobo de Wall Street?
Saca el ritólogo que llevas dentro.
Wall Street Has Convinced Itself That Trump Won't Be Bad (For Now)
Investors are hoping he'll pursue policies that provide short-term stimulus.
Can You Find The Finance Bro Who's Hiding Something?
One of these finance bros is totes not what he seems, brah.
New Trump Finance Chair Has Given Twice As Much To Democrats As To The GOP
Steve Mnuchin, a Wall Street hedge fund manager, has deep ties to the Democratic Party — including working for George Soros.
Here's Another Reminder Of How Rigged The Stock Market Can Be
When it comes to the "buy" and "sell" advice coming from bank analysts, sometimes only hedge funds and other big investors get the true story.
This Is What Our Security State Looks Like In Manhattan
This photo essay by Michael Kirby Smith looks at the security measures in public spaces.
Hillary Clinton Takes On Hedge Funds, High-Frequency Traders
Clinton's plan to rein in modern Wall Street: taxing high-frequency trading, closing a loophole in the "Volcker rule," regulating risk across banks and hedge funds. "I’m going to go after what I think are the real problems, not the problems of the past."
Meet A Woman That Is Still Managing Stock Portfolios At 100-Years-Old
Slaying the stock market since 1973.
Twitter’s Effort To Grow Revenue Is Getting More Aggressive
Have you heard Twitter does advertising?
Startup Student Lender Goes To Wall Street Bearing Securities
CommonBond will sell around $100 million of its student loan assets to investors.
JPMorgan's Stock Falls With Bank's Trading Revenues Amid Big Legal Costs
Despite a little more volatility in the last three months of the year, America's largest bank by assets is in a trading rut. It also had $990 million in legal charges.
Hedge Funds: Magical Places Where The Average Salary Is $368,000
Here's another reminder of how spectacularly well compensated the hedge fund industry is — and the pay doesn't seem closely connected to performance.
Is It Smart To Bring Hedge Fund Strategies To The Middle Class?
That's what Aspiration, a new personal finance startup, is aiming to do. But there's a real chance this could backfire, according to industry experts.
Mike Bloomberg's Proposal For Financial Regulation: Keep Congress Away
"The world adjusts to stupid laws," said the former New York City mayor. "They don't pay any attention to them."
Online Investment Advisor Wealthfront Raises $64 Million
The money, on top of $65.5 million Wealthfront has already raised, gives it $100 million in cash. The war chest will be put to good use in a battle with some of America's financial giants.
Charles Schwab Undercuts Silicon Valley, Offers Online Financial Advice For Free
The service is a howitzer pointed at startups who have tried to steal business from Schwab and other old-school brokerages and advisers.
SICK BURN: Amazon Takes $170 Million Charge On Fire Phone Flameout
The company's investors are selling off after another large quarterly loss. This time, its failed smartphone helped Amazon lose more than half a billion dollars in three months.
Federal Reserve Officials Scold Bankers, Again
The New York Fed's president tells bankers: reform your culture or get broken up.
Investors Love Morgan Stanley As It Beats Earnings On Better Trading Results
The investment bank finished megabank earnings week by exceeding analysts' expectations for profit and revenue.
An "Avalanche" Of Selling Broke Records At Goldman
A Goldman executive familiar with the matter said that the strange, violent market movements on Wednesday led to the most activity ever on some desks with Goldman's clients.
Low Oil Prices: A $660 Billion Stimulus Package
Crude prices have plunged by more than 20% in recent months. The fall means cheaper gas, cheaper flights, and generally good news for American consumers.
Goldman Sachs' Revenue And Profit Up And Above Expectations In A Volatile Market
The investment bank's revenue grew 25% while its profits jumped 48% amidst markets finally starting to become more volatile (and dangerous).
JPMorgan Is Back To Profits As Trading Slump Abates
But the bank is still paying an extra $1 billion for legal expenses.
Goldman Bans Employee Stock Trading Following "This American Life" Broadcast
Investment bankers will no longer be able to trade individual stock and bonds.
Thousands Of Climate Activists Stage Protest On Wall Street
Crowds gathered in downtown Manhattan on Monday to stage a protest to draw attention to climate change. Sunday's march in New York drew hundreds of thousands of people and was one of 2,646 events in 156 countries calling for action.
Investment Bank Executives Mildly Optimistic On Trading Activity Finally Picking Up
With volatilty at record lows and fixed income revenue dropping across Wall Street, bank executives say there may be some light at the end of the tunnel.
Treasury Secretary Says Department Will Make A Decision Soon On Preventing Corporate Inversions
The Treasury Department will "make a decision in the very near future" on adminstrative action to "to make these deals less economically appealing."
Americans View Banks, Real Estate Market Positively For First Time Since Recession
But they don't like them that much, either.
Eric Cantor Is Going To An Investment Bank, Not A Bank
Cantor's new job at Moelis and the rise of the boutiques.
How One "Sack Of Shit" Mortgage-Backed Security Came To Define The Financial Crisis
The history of SACO 2006-8, as told through court documents dating back more than six years, provides a view into how the mortgage-backed security industry was built up and spectacularly collapsed. For JPMorgan, it has become the mortgage-backed security from hell.
Wall Street Is Not Happy With The Makers Of Candy Crush Saga
King.com's daily active user count actually fell compared to the last quarter, and the company is now more in need of a hit than ever.
Bank Regulators Say That Largest Banks Must Take "Meaningful Action" To Improve Living Wills
The Federal Reserve and FDIC said today that plans submitted by large banks showing how they could be dismantled in the case of failure were "unrealistic."
Borrowing Advantage Of Big Banks Declines Along With Investor Belief In Government Bailout Support
A new study by the Government Accountability Office said that large banks were able to borrow money for less during the financial crisis because investors thought the government would support them, but that the funding advantage "may have declined or reversed."
Finance Elite Mourn A Banker, And A Vanished Wall Street
Ace Greenberg's thrifty and magical career, down to the cheap casket. "Ride winners, take losses."
Goldman: We're Too Big To Sue
The giant bank points to the huge scope of its business as a defense against a pay discrimination suit. Goldman lawyers said there was no evidence of a company-wide policy that disadvantaged women in pay and promotion
Citi Settles For $5 Million For Not Protecting Consumer Data In Off-Exchange Trades
Yet another ding for big banks from regulators and law enforcement for their off-exchange trading venues.
Read These 18 New Yorker Business Stories While You Still Can
The New Yorker is open for business.
Morgan Stanley's Tax Benefit Drives Profit Up 97% To $1.9 Billion
But besides a big one-off benefit, the quarter was similar to its peers, with declines in fixed income and equity trading revenues and an increase in wealth management and investment banking revenues.
Goldman Sachs Reverses Wall Street Trend, Sees Profits And Revenues Increase
But the bank's core trading and sales business still shrank in revenue, fulfilling a warning made by the firm in May.
JPMorgan's Profits Decline 8% From Last Year, But Less Than Expected
Despite declines in revenues from mortgages and trading, the largest bank in the country beat out analysts' expectations with $6 billion in profits. In his first public comments since being diagnosed with throat cancer, CEO Jamie Dimon said he was "feeling great."
Morgan Stanley Profits Shoot Up As It Dodges Wall Street Trading Slump
The bank's profits were up 56% from a year ago. It is the only bank so far this quarter to report higher fixed income, commodities, and currencies trading revenue.
The "Dog Kill" Index Is The Most Tragic Chart On Wall Street
A graph on the Bloomberg terminal shows the number of pets lost, injured, or killed each month on U.S. airlines.
College Nihilist Vs. Real World Nihilist
"I'm gonna make as much money as I can, and spend it on money."
Goldman Sachs Is Harder To Get Into Than Harvard, Yale, Or Princeton
"About four percent" of applicants who want to be analysts at Goldman Sachs got the job in 2013.
Felonies For Financial Firms?
Wall Street's chief enforcement agent, Preet Bharara, said in a speech before the Security Industry and Financial Markets Association (SIFMA) that it won't be too long before "a significant financial institution will be charged with a felony or be made to plead guilty to a felony." Bharara has been a leading advocate for holding institutions themselves, and not just people, accountable for crimes and has aggressively been going after financial firms and white-collar criminals in particular.
New York's Wall Street Regulator Looks To Shift To More Punishments Of Individuals
"If you don't hold them accountable, it's Groundhog Day, you're going to get a big settlement and they're going to do it again in a couple years," Ben Lawsky told BuzzFeed.
Meet The Wall Street Trader Who Walked Away From Millions To Start A Nonprofit
Why hedge-fund millionaire Sam Polk finally decided to call it quits.
Wall Street Bankers Finally See Payout From Financial Crisis
The vesting of deferred stock paid out to bankers five years ago helped swell Wall Street's bonus pool to $26.7 billion, the highest since 2007. The average bonus grew 15% to $164,530 in 2013.
22 Truly Unglamorous Facts About Life As A Junior Banker On Wall Street
Seamless is your only true friend.
Which Billionaire Tycoon Are You?
A million dollars isn't cool.
Meet The Most Photographed Trader On Wall Street
Peter Tuchman has been on the floor of the New York Stock Exchange for almost 30 years. He's seen it all, and if you've read a Wall Street-related story over that time, you've probably seen him.
Goldman Sachs's Quarter Was So Bad Its Traders Lost Money On 15 Days
This quarter last year, they lost money on just two days. All of last year, it was just 14. Ouch.
Facebook Executive Comments Just Erased Its Share Price Gains
Facebook's stock rose 15% just after the report came out, but it gave back most of those gains during the earnings call. Still, it's the second quarter in which Facebook has delivered a blowout report, and the stock has more than doubled in the past year.
Why Twitter Needs A War Chest
Twitter is finally going public. But why would Twitter go public?
Pickup Truck Sales Are Poised To Pick Up After Years Of Struggling
Ford stands to benefit, and the other of Detroit's Big Three should see growth as well, contrary to Wall Street's prevailing opinions of the sector.
The Dating Perils Of The Modern Finance Bro
BuzzFeed conducted a highly unscientific, informal survey in the bars of Stone Street to find out what goes on in a finance bro's heart. Based on a random sample of fellows from Citigroup, Deutsche Bank, and Goldman Sachs, we found that for the bros of Wall Street, the line between feeling objectified and doing the objectifying is blurry.
How An Overconfident Billionaire Brought A 111-Year-Old Retailer To Its Knees
The actions of hedge fund manager Bill Ackman have sent J.C. Penney into a three-year tailspin. Now that he is gone, the question everyone is asking is if the damage he inflicted is permanent.
How A Democrat Dodges A Question About Wall Street Donations In One Easy Step
A great question from Daily Show's John Oliver is masterfully avoided by Democratic Senator Kirsten Gillibrand.
21 Miserable Wall Street Guys Who Had To Wear Suits Today
When it hits 98 degrees at lunch on Wall Street, you almost have to feel sorry for these guys. Almost.
20 Signs You're Dating A Banker
A helpful guide to Wall Street relationships.
You Know You're A Finance Intern When...
Did I say "intern"? I meant Wall Street's little bitch summer analyst.
Regulator Explains Complex Financial Reform Entirely Through Movie References
Bart Chilton, the commissioner of the Commodities Futures Trading Commission, wants stronger financial regulations. He also loves movies. On Thursday, he combined those two things into the best financial reform speech ever.
Exclusive: Secrets From The Sexist Pitchbook Of One Of Wall Street's More Notorious Firms
BuzzFeed has obtained the "Golden Pitchbook" used by top brokers at John Thomas Financial. In its pages: How cold-calling brokers pressure prospects to buy stocks from the troubled firm.