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Monthly Archives: February 2018

Wells Fargo CEO Sloan says bank stable after Fed-imposed restrictions

Aaron P. Bernstein | Reuters Wells Fargo & Company CEO and President Tim Sloan testifies before the Senate Banking Committee on Capitol Hill in Washington, October 3, 2017. Wells Fargo Chief Executive Officer Tim Sloan on Tuesday reiterated that the bank was stable after the U.S. Federal Reserve imposed several …

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Bezos-Buffett-Dimon venture looks to cut out drug distributors

Getty Images (l) | CNBC (c-r) Jeff Bezos, Warren Buffett and Jamie Dimon. The newly announced health-care venture from Jeff Bezos, Warren Buffett, and Jamie Dimon could render any deal between Walgreens Boots Alliance and AmerisourceBergen useless. CNBC’s Jim Cramer said Tuesday, according to sources, that Bezos’ Amazon, Buffett’s Berkshire …

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Powell says Fed will be vigilant for financial stability risks

Ting Shen | Xinhua | Getty Images Jerome Powell, Chairman of the Federal Reserve Federal Reserve Chair Jerome Powell, at a ceremonial swearing-in as head of the central bank, said on Tuesday the Fed would keep watching for financial stability risks and preserve “essential” improvements in financial regulation since the …

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WikiLeaks founder Julian Assange loses bid to halt UK legal action

Matthew Chattle | Barcroft Images | Getty Images Julian Assange speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London, England. WikiLeaks founder Julian Assange lost a legal bid on Tuesday to persuade the British authorities to drop any further action against …

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Blankfein says low volatility last year caught Goldman ‘wrong-footed,’

Adam Galica | CNBC Lloyd Blankfein, Chairman and CEO of Goldman Sachs, at the 2018 WEF in Davos, Switzerland. Goldman Sachs found itself “wrong-footed” last year as it positioned itself for a return of volatility and inflation that didn’t happen, at least not immediately, CEO Lloyd Blankfein said on Tuesday. …

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The importance of looking at the glass ‘half full’ — even when you’re feeling downbeat

Tibrina Hobson | Getty Images Entertainment | Getty Images Actress/producer Goldie Hawn, recipient of the Cinema Icon Award, attends the CinemaCon Big Screen Achievement Awards “So if you look at the potential of that glass half full and think about it for a minute. It would change the way your …

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Drain the ‘swamp’ or lose advertising

Zhang Peng | Getty Images Unilever’s Dove bath foam, seen in a Chinese supermarket Unilever has threatened to boycott Facebook and Google if the tech giants fail to efficiently police extremist and illegal content. “We need to redefine what is responsible business in the digital age because for all of …

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Trump pushes immigration deal, says ‘last chance’ to pass

Jonathan Ernst | Reuters President Donald Trump delivers a speech on tax reform after touring Sheffer Corporation in Blue Ash outside Cincinnati, Ohio February 5, 2018. President Donald Trump is touting his proposals on immigration and infrastructure as they face uncertain prospects in Congress. In a tweet Tuesday, Trump asserts …

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Hospital supplier shares dive on Amazon medical supply report

Daniel Acker | Bloomberg | Getty Images An x-ray machine sits in an exam room at Perry Memorial Hospital in Princeton, Illinois. Amazon is gearing up to launch a larger offering in the medical supplies business, the Wall Street Journal reported on Tuesday. The revamped service will serve hospitals and …

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Junk bond chart points to a looming economic slowdown

A Wall Street veteran is going against the market consensus by sharpening his economic slowdown call. The Economic Cycle Research Institute’s Lakshman Achuthan is citing troublesome activity brewing in the quality spread between junk bonds and corporate debt. It’s suggesting default risks are rising — an ominous signal for the …

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