Bank CEOs meet Obama
October 2nd, 2013
12:19 PM ET
7 months ago

Bank CEOs meet Obama

Washington (CNNMoney) - On the second day of the federal shutdown, more than a dozen Wall Street bank chiefs met with President Obama at the White House and urged him to find resolution to the shutdown.

J.P. Morgan Chase CEO Jamie Dimon said he "would love to see a resolution" to the government shutdown, while walking into the White House before the meeting.

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If Wall Street's right, Obama may nix Keystone
August 2nd, 2013
07:08 AM ET
9 months ago

If Wall Street's right, Obama may nix Keystone

New York (CNNMoney) - President Obama hasn't decided whether he will approve the expansion of the controversial Keystone oils sands pipeline just yet. But in a strange turn of events, some opponents of the plan are finding support for their position from an unlikely source: Wall Street.

Obama has long said that he will only approve the project if it doesn't significantly contribute to climate change. He reiterated that in a recent interview with The New York Times. The State Department has said it won't because it thinks the oil sands, which are dirtier than conventional oil, will get developed no matter what happens to Keystone. In other words, that oil is going to leave Canada somehow ... so it might as well be through the United States.

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Filed under: Energy • Wall Street
Fiscal cliff deal boosts world markets
January 2nd, 2013
07:09 AM ET
1 year ago

Fiscal cliff deal boosts world markets

Hong Kong (CNNMoney) – World markets advanced Wednesday as lawmakers in the United States completed legislation that will mute much but not all of the fiscal cliff.

Asian and European stocks post strong gains, while government bonds in weaker eurozone economies rally as investor appetite for riskier assets rise on the diminished threat of an immediate hit to growth in the world's largest economy.

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Filed under: Fiscal Cliff • Wall Street
Stocks: Investors brace for the cliff
December 31st, 2012
09:42 AM ET
10 months ago

Stocks: Investors brace for the cliff

New York (CNNMoney) - Monday is New Year's Eve, but it may feel more like Groundhog Day, as investors spend yet another day awaiting news out of the fiscal cliff negotiations in Washington.

U.S. stocks opened lower Monday as investors continue to dial back expectations that officials in Washington will prevent tax hikes and spending cuts from kicking in on Tuesday.

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Filed under: Fiscal Cliff • Wall Street
Stocks set to fall as fiscal cliff looms
December 21st, 2012
07:41 AM ET
1 year ago

Stocks set to fall as fiscal cliff looms

New York (CNNMoney) – It's not the end of the world - literally or for the fiscal cliff talks - but the latest signs of gridlock on Washington have struck fear into investors.

Lawmakers in the House failed to support the so-called "Plan B", a proposal backed by House Speaker John Boehner, late Thursday. The White House had already threatened to veto that plan, saying it would bring only "minimal" changes in projected budget deficits, but its failure underscored the lack of progress on Capitol Hill as the cliff draws nearer.

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Filed under: CNNMoney.com • Economy • Fiscal Cliff • Wall Street
Wall Street critic Warren to join Banking Committee
December 12th, 2012
05:43 PM ET
1 year ago

Wall Street critic Warren to join Banking Committee

New York (CNNMoney) – One of the toughest critics of Wall Street will soon be policing it.

Massachusetts Senator-elect Elizabeth Warren has been tapped to take a seat on the Senate Banking Committee, the Senate Democrats' steering committee announced Wednesday.

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Filed under: 2012 • Elizabeth Warren • Senate • Wall Street
Sanders assails Wall Street CEOs for entitlement cuts
November 29th, 2012
08:48 PM ET
1 year ago

Sanders assails Wall Street CEOs for entitlement cuts

(CNN) – Sen. Bernie Sanders, an independent from Vermont who caucuses with the Democrats, derided Goldman Sachs CEO Lloyd Blankfein, along with other Wall Street leaders, for pushing for cuts to entitlement programs as a part of the nation's budget negotiations.

"I do have a problem with wealthy CEOs from Wall Street who caused the recession now coming to Washington and saying, if you're old, if you're sick, or if you're poor, we're going to cut your benefits," the outspoken senator said Thursday on CNN's "The Situation Room with Wolf Blitzer."
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Filed under: 2012 • Bernie Sanders • Wall Street
Wall Street to Washington: Avoid the fiscal cliff!
October 18th, 2012
10:00 AM ET
2 years ago

Wall Street to Washington: Avoid the fiscal cliff!

New York (CNNMoney) – Several big Wall Street bank CEOs on Thursday urged Congress and President Obama to avoid the "fiscal cliff."

In an urgent letter dated Oct. 18, the Financial Services Forum pressed leaders to "reach a bipartisan deal to avoid" massive tax hikes and across-the-board program cuts that could lead to recession. If Congress doesn't act by Jan. 1, the United States will go over the fiscal cliff, triggering about $1.2 trillion worth of spending cuts over a decade.

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Filed under: Congress • Wall Street
Dow closes at 5 year high
September 11th, 2012
04:16 PM ET
2 years ago

Dow closes at 5 year high

(CNN) – The Dow Jones industrial average closed up 70 points Tuesday, a 5-year high. The S&P gained 0.3%, and the Nasdaq ended flat.


Filed under: Wall Street
Wall Street set to break spending records this election
September 5th, 2012
09:45 AM ET
2 years ago

Wall Street set to break spending records this election

WASHINGTON (CNNMoney) – Wall Street is on track to spend more on this election than it ever has during a campaign season.

With two months to go before Nov. 6, Wall Street firms have so far spent $164 million on campaigns and donations to political groups designed to influence the elections, according to the Center for Responsive Politics. That puts the industry on pace to surpass the spending record of $170 million that it set during the 2008 race.

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Filed under: Fundraising • Wall Street
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