The $300 Billion FAANG Surge Lives Another Week
June 10, 2018

The world’s favorite stocks fought through to their seventh rally in nine weeks, though not without landing a few blows on traders.

For about 24 hours on Thursday and Friday, losses in the FAANG block looked liable to snowball, bringing Continue reading

Goldman Takes One-Time $5 Billion Hit From New U.S. Tax Law
January 5, 2018

Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.

About two-thirds of the hit comes from the repatriation tax, while writing down Continue reading

Banks Pine for Loan Growth as Clients Wait on Trumps Promises
October 19, 2017

President Donald Trump’s pledges to overhaul taxes, trade, infrastructure and health care may thrill some corporate leaders, but it’s causing many to delay expansions. That’s bad for banks.

Lending growth probably decelerated for a fourth straight quarter in the three Continue reading