#wallstreet

Business | Justice Department drops criminal investigation of Fed chair Powell, likely clearing way for Warsh by Ben Wieder, Gavin J. Quinton AI generated summary, Read the full article for complete information. The Justice Department has closed its criminal probe into Federal Reserve Chairman Jerome Powell, ending the inquiry into whether he misled Congress about a $2.5 billion renovation of the Fed’s headquarters—a case that had become a political sticking point for Republican Sen. Thom Tillis, who said he would block the confirmation of Trump‑favored nominee Kevin Warsh while the investigation lingered. U.S. Attorney Jeanine Pirro announced the drop‑off, noting the probe was abandoned after prosecutors found no evidence of wrongdoing, though she left open the possibility of restarting it if new facts arise. With the investigation out of the way, Warsh’s nomination can move forward; he has pledged not to be a “sock‑puppet” for the president and argues for a pro‑growth, market‑first Fed agenda that includes shrinking the central bank’s $6.6 trillion balance sheet and eliminating forward guidance. The closure also underscores ongoing tension over the Fed’s independence, as President Trump has previously pressured the bank on interest‑rate policy and attempted to fire a Fed governor, highlighting the broader political battles surrounding the nation’s most influential central bank. Read more: https://www.latimes.com/world-nation/story/2026-04-24/justice-department-drops-criminal-probe-of-fed-chair-powell-likely-clearing-way-for-warsh #JeromePowell #KevinWarsh #DonaldTrump #WallStreet #FederalReserve #JeaninePirro #ThomTillis AI generated summary, Read the full article for complete information.

Times of India | Meta's most-popular former employee and father of AI Yann LeCun calls Anthropic's latest model that has everyone scared, as 'Drama' Yann LeCun, Meta's former chief AI scientist and deep learning pioneer, has dismissed the panic around Anthropic's Claude Mythos Preview as "BS from self-delusion." While the model's reported ability to find vulnerabilities in every major operating system and browser spooked Wall Street and triggered an emergency Fed meeting, LeCun and other AI researchers argue the threat is overhyped—though cybersecurity firms using Mythos disagree. Read more: https://timesofindia.indiatimes.com/technology/tech-news/metas-most-popular-former-employee-and-father-of-ai-yann-lecun-calls-anthropics-latest-model-that-has-everyone-scared-as-drama/articleshow/130202341.cms #meta #yannlecun #anthropic #wallstreet

All Content from Business Insider | H-1B petitions fall at Goldman Sachs and JPMorgan and rise at Citi after Trump's visa crackdown by Alex Nicoll,Andy Kiersz David Solomon, Jamie Dimon, and Jane Fraser's banks all have policies in place to monitor bankers' hours.Getty Images Wall Street H-1B filings are down year-over-year following Trump's visa crackdown.While some large visa filers, like Goldman Sachs, are down year over year, others are up.Financial firms often use H-1B hires to boost their technical staff, but AI could complicate that.H-1B visa filings fell at major financial firms like Goldman Sachs and JPMorgan last year, while other major firms, like Citi, increased their petitions compared to the same time the previous year. This is the first data available showing how the financial industry reacted to President Donald Trump's changes to the work visa program, which made new applications more expensive. Read the original article on Business Insider Read more: https://www.businessinsider.com/wall-street-h-1b-petitions-fall-after-trump-visa-crackdown-2026-4 #goldmansachs #h-1b-visa #immigration #jpmorgan #wallstreet

"When a feebleminded lunatic runs the world's most well-funded war machine, it's best to worry and risk being accused of overreaction. The problem is that a significant swath of Americans aren't alarmed enough. ... I am speaking of the 'Trump Always Chickens Out' maxim that has taken root since the beginning of Trump's second term." ~ Jason Linkins #Trump #TACO #WallStreet #EconomicElites #morality #InsiderTrading #StockMarket /1 https://newsletter.tnr.com/index.php?action=social&chash=4c2e5eaae9152079b9e95845750bb9ab.3020&s=cdd6377d8462caad2b4695418c877aea

yahoo news | Wall Street’s Two Most Powerful Men Endorse CZ’s Prison Memoir Binance founder Changpeng Zhao (CZ) unveiled his 366‑page memoir “Freedom of Money” on April 8, 2026. Written largely during his four‑month U.S. prison sentence in 2024, the book traces his journey from a modest upbringing in rural China to building the world’s largest cryptocurrency exchange and navigating a $4.3 billion settlement with the U.S. Department of Justice. The memoir is backed by two of Wall Street’s most influential figures: BlackRock chief Larry Fink, who praised CZ as an early mover in blockchain adoption, and Bridgewater founder Ray Dalio, who highlighted CZ’s rise from poverty to global impact and urged readers to learn from his story. Fink’s endorsement frames the narrative around the transformative potential of digital assets, emphasizing that “digital assets and blockchain technology can unlock real opportunities for nations willing to embrace the future.” Dalio takes a more personal angle, calling CZ “a great admirer… for his bold contributions to making alternative monies accessible to almost everyone in the world.” The book also features a foreword by Binance co‑founder and co‑CEO Yi He, as well as endorsements from Bhutan’s king, Haidilao founder Zhang Yong, and early Bitcoin investor Matt Roszak. Their support arrives at a strategic moment: BlackRock’s iShares Bitcoin Trust now handles $16‑$18 billion of daily trading volume, directly competing with Binance for crypto liquidity, and BlackRock’s tokenized BUIDL fund was integrated as collateral on Binance in late 2025. The launch, however, is shadowed by fresh compliance concerns. Bloomberg reported that Binance’s chief compliance officer Noah Perlman, a former federal prosecutor hired after the 2023 plea‑deal reforms, is discussing his departure, and Fortune revealed that Binance dismissed at least five compliance investigators who had uncovered $1 billion in transfers to Iran‑linked entities between March 2024 and August 2025. Senator Richard Blumenthal has opened a Senate inquiry, and nine Senate Democrats have called on the DOJ and Treasury to investigate. While Binance denies any sanctions‑law violations and found “no evidence” of wrongdoing, all royalties from the memoir will be donated to CZ’s education nonprofit Giggle Academy, underscoring the contrast between charitable pledges and the high‑profile backing from the world’s most powerful asset managers. Read more: https://finance.yahoo.com/markets/crypto/articles/wall-street-two-most-powerful-144455396.html?fr=sycsrp_catchall #wallstreet #changpengzhao #binance #blackrock #raydalio

Wall Street cerró en un claro ascenso. https://yle.fi/a/74-20219566?origin=rss #ÍndicePromedioIndustrialdeDowJones #NuevaYorkStockExchange #Accionesyvalores #ReservaFederal #EstadosUnidos #WallStreet #NuevaYork #Economía #Cambio

undefined | Delta CEO says airline will 'meaningfully' cut growth plans, sees $300 million boost from its refinery Delta Air Lines said it will “meaningfully reduce” its capacity‑growth plans in the near term as jet‑fuel prices surge, joining United and JetBlue in hiking checked‑bag fees. The announcement helped the stock jump more than 11 % in pre‑market trading after oil prices fell, and the carrier signaled that overall capacity is likely to stay flat for the year. For the first quarter, Delta beat Wall Street expectations, reporting adjusted earnings of 64 cents per share versus the 57‑cent forecast and revenue of $14.2 billion versus the $14‑billion estimate. The airline warned that its fuel bill will be about $2 billion higher this quarter, but it forecast second‑quarter adjusted earnings of $1.00‑$1.50 per share (analysts saw $1.41) and revenue growth in the low‑teens percent. A key tailwind is its refinery near Philadelphia, which is expected to contribute a $300 million benefit and help Delta post roughly $1 billion in pre‑tax profit in Q2. Premium‑ticket revenue rose 14 % year‑over‑year, driven by stronger demand for first‑class and other higher‑priced seats, while main‑cabin revenue increased for the first time since late 2024. Although a brief slowdown in business travel was noted during a TSA line disruption, overall demand remains robust. Delta expects all‑in fuel costs of about $4.30 per gallon in the second quarter and is holding off on revising its full‑year outlook until fuel‑price volatility eases. Read more: undefined #deltaairlines #ceo #jetblue #wallstreet #business-travel

Yahoo Finance | Jeff Bezos Delayed Launching Amazon Because He Realized He'd Probably 'Know Nothing' By The Time He Turned 70: Here's What He Did Instead Before building one of the world's most valuable companies, Jeff Bezos chose patience over impulse—delaying entrepreneurship to better understand business and the world. After graduating from Princeton in 1986, Bezos briefly considered launching a startup with friends. But he ultimately stepped back, believing he lacked the experience needed to succeed. Speaking at the Academy of Achievement in 2016, Bezos said he decided it would be "smarter to wait and learn a little bit more about business and the way the world works." Bezos believed that young people often overestimate their understanding. "It's very hard to believe when you're 22 or 23 years old that you don't already know everything," he said. He added that he could only imagine that by the time he turned 70, he would realize he knew nothing—a perspective that pushed him to prioritize learning over rushing into entrepreneurship. This mindset of humility and continuous learning became a cornerstone of his approach to business and innovation. Instead of founding a company right away, Bezos joined a New York startup focused on financial networks and later worked at firms including Bankers Trust. He spent years working at the intersection of computing and finance, eventually entering the world of quantitative trading, where algorithms executed stock trades. While working on Wall Street, Bezos discovered that internet usage was growing at an astonishing rate—about 2,300% annually. That insight led him to launch Amazon in 1994 as an online bookstore. Amazon went public in 1997 at $18 per share and has since grown into a company with a market capitalization of over $2 trillion. Bezos stepped down as CEO in 2021 and currently has a net worth of $232 billion, according to the Bloomberg Billionaire Index. Read more: https://finance.yahoo.com/markets/stocks/articles/jeff-bezos-delayed-launching-amazon-123108731.html #jeffbezos #amazon #princeton #wallstreet #onlinebookstore

yahoo news | Here’s the most overlooked part of Larry Fink’s yearly letter to shareholders — ... Larry Fink’s 2026 annual letter to shareholders, while filled with the usual market cautions, ends on a surprisingly upbeat note: “people need to get on the investment train or be run over by it.” As the head of the world’s largest asset manager—$14 trillion across every asset class—Fink uses that metaphor to stress that ordinary investors now have the tools to participate in the economy’s upside, just as Wall Street has traditionally served Main Street. The letter also flags two emerging risks. First, Fink warns that artificial‑intelligence breakthroughs could widen wealth inequality if ownership of the technology’s gains does not broaden, echoing growing concerns about AI’s societal impact. Second, he skirts overt criticism of the Trump administration’s tariff‑heavy trade policy and offers a measured take on ESG investing, noting that BlackRock tailors its products to diverse client needs—from a Texas retirement fund to New York pension plans—rather than pushing a one‑size‑fits‑all green agenda. Finally, Fink underscores how market access has been democratized. Exchange‑traded funds, a core BlackRock offering, let the “average Joe or Jane” assemble diversified portfolios that include everything from the S‑P 500 to crypto, with liquidity far superior to private‑equity holdings. This focus on broad‑based investing has helped BlackRock grow assets under management and lift its share price nearly 30 % over the past five years, positioning the firm as a key bridge between Wall Street and the emerging middle class. Read more: https://nypost.com/2026/03/27/business/heres-the-most-overlooked-part-of-larry-finks-yearly-letter-to-shareholders-and-why-it-could-be-good-news/ #larryfink #blackrock #wallstreet #s-p500 #exchange-tradedfunds

S&P 500 on track for fifth straight losing week as U.S. stocks have worst day since start of Iran war. @AssociatedPress@flipboard.com reports: https://flip.it/y9SyVj #News #WallStreet #S&P500 #IranWar #Business

Why Bitcoin Could Hit $0 https://www.youtube.com/shorts/IXNUM4FMqNs We're watching the worst crypto crash since the FTX scandal. Ben McKenzie explains what's driving the crash, and why this one could take down the rest of the economy with it... #Bitcoin #Crash #WallStreet #Blackrock #0Floor #NoRevenueStream #NoProduct #MoneyLaundering #ETF #Gambling #PonziScheme #Fraud

Uh-oh, Reality is knocking at the door, asking why it has been ignored for so long.... #AIBubble #Economy #JPMorgan #WallStreet #DanielPinto #TechBros #SiliconValley