Wallstreet

For $25 Million, the Gilded Manhattan Townhomes of a Wall Street Heavyweight


On New York’s Upper East Side, a pair of Georgian-style townhomes built around 1930 by the family of one of the world’s richest men—and more recently owned by the late investment banker and preservationist Richard H. Jenrette—is coming on the market for $25 million.

Designed by Delano & Aldrich, an architecture firm known for building houses for the Rockefellers, Vanderbilts, Astors and Whitneys, the houses consist of a larger main home that is connected in several places to an adjacent smaller home with a large garage. Both are perfectly preserved with all original architectural details, fixtures and fittings, said listing

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Andrew Cuomo Investigation Expands as State Attorney General Looks at Aide’s Calls

ALBANY, N.Y.—The state attorney general’s office has expanded its investigation of sexual-harassment allegations against

Gov. Andrew Cuomo

to look at whether one of his top advisers linked access to Covid-19 vaccines to support for the governor, according to people familiar with the matter.

Investigators have interviewed at least three Democratic county executives who said they were surprised to receive calls from Larry Schwartz, a volunteer adviser who oversaw vaccine distribution for the state, asking whether they would be calling for Mr. Cuomo’s resignation, the people said.

Mr. Schwartz contacted more than a half-dozen executives in early March, executives said, as

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Elon Musk’s SpaceX Is Buying Up a Texas Village. Homeowners Cry Foul.

BOCA CHICA VILLAGE, Texas—In autumn 2019, Celia Johnson began resisting efforts by billionaire

Elon Musk’s

SpaceX to buy two modest houses she owns near the company’s rocket-launch facility.

Then she discovered that a 1,600-gallon water tank had gone missing at one of her houses, a rental property. Ms. Johnson said she and her neighbors quickly concluded SpaceX workers were the culprits. SpaceX denied responsibility but reimbursed her, she said, as it did when she accused its workers of later breaking into the vacant rental house and sleeping there.

“SpaceX bullied us from the beginning,” she said. “SpaceX employees did what

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With Earnings Soaring, Wall Street Banks See Economic Boom Ahead

Strength in the banks’ investing, lending and trading businesses added to the euphoria. All three reported robust revenues across multiple lines of business, driven by a combination of active and rising markets, a flurry of new mortgage activity and the boom in special-purpose acquisition companies, or SPACs. Corporate merger and acquisition activity also marked an all-time high by dollar value.

Goldman — a dominant player in corporate advisory services and in markets — reported a doubling of revenue to $17.7 billion, from $8.7 billion, thanks to double-digit percentage gains in

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God and Man Collide in Bill Hwang’s Dueling Lives on Wall Street

With the sun rising outside their conference room in Midtown Manhattan, the visitors to a secretive investment empire bent their heads in prayerful meditation.

It was another Friday morning, 7 o’clock, and a familiar scene was unfolding again inside Archegos Capital Management, an obscure family office that would go on to shake the financial world.

In the days before the pandemic, 20 or 30 people would squeeze together around the long table and, over coffee and Danishes, listen to recordings of the Bible, according to people who were there.

First might come the Old Testament, perhaps Isaiah or Lamentations. Then

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Dividend stocks are out of favor, but here are 19 that Wall Street loves

With the S&P 500 Index hitting another record high April 9, there’s a lot of concern among investors that stock valuations relative to earnings have gotten too rich. Even stocks with high dividend yields are out of favor with analysts, for the most part.

But there’s a handful that stand out. Nineteen stocks with high yields and majority support among analysts are listed below.

Wall…

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Stocks week ahead: Wall Street just showed the Reddit crowd how to really make money

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.
As spectacular gains triggered huge losses for hedge funds that bet the shares would fall, a David versus Goliath narrative took hold. Finally, the little guy was triumphing against The Man, which had been cashing in on a rigged system for decades.

In the end, however, it turns out Goliath did pretty well.

Global hedge funds reporting data to Eurekahedge, a research group, saw returns of nearly 5% in the first quarter, roughly on par with … Read More

Wall Street pick stocks for a potential $1 trillion energy opportunity

Technicians inspect the direct air capture system at the Carbon Engineering Ltd. pilot facility in Squamish, British Columbia, Canada, on Monday, Nov. 4, 2019.

James MacDonald | Bloomberg | Getty Images

Analysts on Wall Street believe a “hidden” investment opportunity in the energy sector could be instrumental as the world attempts to transition away from fossil fuels.

Carbon capture and storage — known as CCS — capacity could grow nearly 100-fold by 2050, according to Bank of America. Analysts at the bank said cumulative investment in the industry could hit $1 trillion by 2050, according to its more optimistic estimates.

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China’s CICC Fends Off Wall Street With Hiring, Takeovers

(Bloomberg) — As global banks make inroads into China’s $15 trillion asset management market, China International Capital Corp. is launching a counter-offensive spanning from overseas acquisitions to hiring.

CICC is searching for potential targets among medium-sized, Asia-focused managers including stock houses and hedge funds, said Frank Xu, head of asset management. Without takeovers, the size of his business line is already expected to jump at least tenfold in the coming decade from a relatively low base, as mandates from commercial banks drive asset growth.

The Chinese broker is also looking for acquisitions in the wealth business as part of a

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Major Wall Street analysts on Apple’s second quarter earnings

Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California, June 22, 2020.

Brooks Kraft | Apple, Inc. | via Reuters

Wall Street analysts are largely focusing on the iPhone ahead of Apple’s second quarter earnings report on Wednesday after the bell.

The tech giant has largely done well during the pandemic driven by high demand of products like the Mac and iPad. In addition, the company debuted several updated products last week.

But now supply chain questions are emerging over the iPhone as well as sales

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