Wall

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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Asia markets mixed after Wall Street decline | Business

BEIJING — Asian stock markets were mixed Wednesday in light trading while China and Japan were closed for holidays.

Hong Kong declined while Sydney and India advanced following Wall Street’s overnight fall. New Zealand and Southeast Asian markets retreated.

Wall Street’s benchmark S&P 500 index lost 0.7%, dragged down by more declines for tech stocks including Apple and Microsoft.

The Hang Seng in Hong Kong lost 0.6% to 28,397.29 while the S&P-ASX 200 in Sydney rose 0.4% to 7,094.90.

India’s Sensex opened up 0.4% at 48,454.09. New Zealand’s benchmark lost 0.4%, Singapore shed 1% and Bangkok tumbled 1.8%.

“With relatively

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Peloton Treadmill Recall Sank the Stock. What Wall Street Is Saying.

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Peloton Tread


Courtesy of Peloton


Peloton Interactive

‘s treadmill recalls hammered the company’s stock price, sending shares to their lowest levels since September. Not every analyst sees it as a buying opportunity.

Peloton stock (ticker: PTON) sank nearly 15% to $82.62 on Wednesday. That’s the stock’s lowest close since Sept. 16. Peloton shares are down more than 50% from their closing high of $167.42 on Jan. 13. It was the worst performer in the Nasdaq 100, according to Dow Jones Market Data.

The company announced voluntary recalls for its Tread and Tread+. The U.S. Consumer Product Safety Commission

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Wall Street embraces bitcoin and ethereum with the launch of new crypto indexes | Currency News | Financial and Business News




Investors can add bitcoin and ethereum to their portfolios through new cryptocurrency indexes available on Wall Street trading floors.

S&P Dow Jones on Tuesday announced the launch of three new indices tracking the performance of the two digital currencies – the S&P Bitcoin Index, S&P Ethereum Index, as well as its S&P Cryptocurrency MegaCap Index.

Additional cryptocurrencies will be added in the future, S&P Dow Jones said in a statement. The listed crypto indexes will track data from New-York based virtual-currency company Lukka.

The S&P Global division first announced

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Wall Street can’t keep up with the market: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Tuesday, May 4, 2021

Price targets and economic forecasts fall behind

Readers of the Morning Brief know investor expectations were high ahead of earnings season, that companies have topped expectations at a record rate, and that the economy is firing on all cylinders. 

And these events have pushed Wall Street strategists back into another theme we’ve written about in this space for the last few months — trying to keep up with the market. 

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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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Wall Street slides after Biden undermines Covid jab patents

Wall Street gave away its early gains on Wednesday after the White House triggered a late sell-off in some of the largest pharmaceutical companies by announcing it would support a suspension of intellectual property rights for Covid-19 vaccines.

The S&P 500 closed just 0.1 per cent higher for the day, having traded up by as much as 0.6 per cent earlier in the session. The Nasdaq Composite gave up its gains after it had battled back from a near 2 per cent loss on Tuesday, finishing the day down 0.4 per cent.

The sell-off was led by some of the

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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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