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wall street

Brad Gerstner says AI will be bigger than internet, bigger than mobile

by Adrian Jhonsan
Brad Gerstner says AI will be bigger than internet, bigger than mobile

Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in NYC, Sept. 28, 2023. Adam Jeffery | CNBC Altimeter Capital Chair and CEO Brad Gerstner is massively …

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Bill Ackman believes 10-year Treasury yield could approach 5% soon

by Adrian Jhonsan
Bill Ackman believes 10-year Treasury yield could approach 5% soon

Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation. “I would not be shocked to see …

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House Speaker McCarthy criticizes Senate measure, says House will get bill done to avoid shutdown

by Adrian Jhonsan
House Speaker McCarthy criticizes Senate measure, says House will get bill done to avoid shutdown

Speaker of the House Kevin McCarthy, R-Calif., talks with reporters about a possible government shutdown, border security, and other issues, outside his U.S. Capitol office on Tuesday, September 26, 2023. …

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SEC Chair Gensler facing increasing lawsuits over his rule changes

by Adrian Jhonsan
SEC Chair Gensler facing increasing lawsuits over his rule changes

Securities and Exchange Commission Chair Gary Gensler is testifying before the House Financial Services Committee today. It will be very much like his testimony two weeks ago to the Senate Banking …

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Jamie Dimon says geopolitics is the world’s biggest risk

by Adrian Jhonsan
Jamie Dimon says geopolitics is the world’s biggest risk

Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, …

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Morgan Stanley (MS) and Wells Fargo (WFC) have more room to run

by Adrian Jhonsan
Morgan Stanley (MS) and Wells Fargo (WFC) have more room to run

The financial sector is making a comeback, and it looks to stay there. Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently. Still, we …

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Arm IPO to help jump-start IPO market: Airbnb investor Rick Heitzmann

by Adrian Jhonsan
Arm IPO to help jump-start IPO market: Airbnb investor Rick Heitzmann

Arm Holdings will help jump-start the IPO market, according to the venture capitalist behind Airbnb and Pinterest. FirstMark Capital’s Rick Heitzmann believes real fundamental demand for IPOs is returning. “People …

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Wall Street execs host DeSantis fundraising events in bid versus Trump

by James Odonell
Wall Street execs host DeSantis fundraising events in bid versus Trump

Republican U.S. presidential candidate and Florida Governor Ron DeSantis speaks during his “Never Back Down” tour ahead of his appearance at the Iowa State Fair, in Atlantic, Iowa, August 11, …

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Categories Politics

Bond yield jump is not death to equities: BofA’s Savita Subramanian

by Adrian Jhonsan
Bond yield jump is not death to equities: BofA’s Savita Subramanian

The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a …

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Giuliani loses financial support of billionaires Langone, Cooperman

by James Odonell
Giuliani loses financial support of billionaires Langone, Cooperman

Former New York City Mayor Rudy Giuliani, an attorney for former U.S. President Donald Trump during challenges to the 2020 election results, exits U.S. District Court after attending a hearing …

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