Cramer explains why the tragic events in Afghanistan are not really impacting Wall Street

CNBC’s Jim Cramer on Thursday tried to explain why the deteriorating situation in Afghanistan, including the two suicide bombings that killed U.S. service members, has yet to significantly impact Wall Street trading.

The “Mad Money” host said many people have asked him why the stock market seemingly hasn’t reacted to “the increasingly tragic events in Kabul,” which is under the Taliban’s control after the insurgency toppled the U.S.-backed Afghan government earlier this month. The Taliban reclaimed power in the country as the U.S. sought to withdraw its troops after a roughly two-decade presence there.

Cramer pointed to history to demonstrate

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Opinion | My Years on Wall Street Showed Me Why You Can’t Make a Deal on Zoom

For all the endless bravado and gobs of money sloshing through Wall Street, at their core, banking and trading are apprenticeship businesses. They are akin to the Florentine guilds of the Renaissance, in which the subtleties and intricacies of art and science were absorbed over many years through careful observation.

In my 17 years on Wall Street advising corporate executives on restructurings, leveraged buyouts and mergers and acquisitions, I was far from God’s gift to the profession. But watching and learning from Wall Street giants such as Felix Rohatyn at Lazard and Ray McGuire at Merrill Lynch were invaluable. Sitting

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Cramer sees chance to buy the dip as Wall Street delta worries persist

CNBC’s Jim Cramer on Wednesday urged investors to pounce on stocks that pull back due to Wall Street’s concern about the Covid delta variant and its potential to inhibit economic growth.

The “Mad Money” host’s comments came after all three major U.S. equity indexes closed in the red for the second-straight session. Only one of the S&P 500’s 11 sectors, consumer discretionary, finished in positive territory Wednesday, advancing 0.15%. Energy was the biggest laggard, declining 2.4%.

“This is day two of a larger sell-off. All I ask is that as the market gets more hideous, you get more interest in

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Wall Street Is the Most Bullish on Stocks in Almost Two Decades

(Bloomberg) — It’s been two decades since Wall Street analysts were this upbeat.

About 56% of all recommendations on S&P 500 firms are listed as buys, the most since 2002. It’s one more data point that shows the extent of the euphoria sweeping markets after a blockbuster earnings season.

While analysts are historically a bullish bunch, they’re turning even more optimistic in the face of relentless stock-market gains and corporate earnings that topped even the highest expectations. For all the concerns about the delta variant, China’s regulatory crackdown or waning Federal Reserve stimulus, it hasn’t made much of a dent

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Top Wall Street analysts are underwhelmed by Robinhood. Here are their concerns

People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City.

Spencer Platt | Getty Images News | Getty Images

Robinhood has proven popular with young traders, but it still has work to do to earn the approval of some of the top Wall Street analysts.

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Wall Street Is Boosting Pay To Junior Bankers. It’s Still Not Enough : NPR

Tashrima Hossain, who used to work on Wall Street, but quit to join Facebook, is part of a growing number of young people who are no longer attracted to investment banking despite surging salaries. She posed for a portrait at Alamo Square in San Francisco on Aug. 11.

Preston Gannaway for NPR

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Preston Gannaway for NPR

Tashrima Hossain, who used to work on Wall Street, but quit to join Facebook, is part of a growing number of young people who are no longer attracted to investment banking despite surging salaries. She posed for a portrait at

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Zeta Global Hones Its Martech Pitch To Wall Street

Zeta Global has had a rocky first two months as a public company. Its stock is down by a little more than a third since IPOing on the New York Stock Exchange in June.

But the whims of Wall Street investors don’t always align with the true value of a business.

Zeta CEO David Steinberg defended the company’s balance sheet. For one thing, Zeta started off with a net loss of $95 million in Q2 2021, after a net loss of $15 million a year ago. But that’s because Zeta paid off a one-time $119 million fee on pre-IPO shares

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Why college graduates still flock to Wall Street jobs, despite worries

The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City.

Spencer Platt | Getty Images

When junior bankers at Goldman Sachs complained about what they called “inhumane” working conditions in an internal survey that made waves across the industry this March, one incoming analyst wasn’t fazed.

He knew about the industry’s reputation for hazing its recruits with 90-hour work weeks. But for him and many others, tough conditions created by a boom in deals combined with

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Buyer Beware! Wall Street Discovers Quantum Computing

Wall Street and most investors will never be up to the task.

It’s a maxim that sexy sells on Wall Street. This year we have seen tons of coverage on bitcoin, space travel, blockchain, gentech, meme stocks—even the prospect of human drone transport. New shiny objects tend to attract a certain breed of investors and that’s not necessarily a bad thing. Wall Street’s sell side is eager to profit from nascent investment ideas by throwing lots of analytic and sales horsepower behind the new exciting industries. “Early adopter” clients are quick to follow and the word

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Wall Street has reason to worry about working from home

Financial services updates

The big bankers on Wall Street like to play it cool in public. As we say in New York, it’s their shtick — the technique they employ to win the trust of other participants in the financial markets.

So it has been discombobulating in recent months to see so many masters of the universe — JPMorgan Chase’s Jamie Dimon, David Solomon of Goldman Sachs, Morgan Stanley’s James Gorman — fretting so openly about the need for their employees to return to

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