Wall Street

CEO of private credit giant Ares says his firm is benefitting from rising rates

With the S&P 500 on pace for its worst monthly performance since December of last year, investors are increasingly turning…

Investors see 2023 gain as a bear market bounce and expect a recession next year, CNBC survey shows

A majority of Wall Street investors haven’t taken solace in stocks’ 2023 gains, thinking the market could retreat further as…

Gensler is testifying before Congress and facing increasing lawsuits over his many rule changes

Securities and Exchange Commission Chair Gary Gensler is testifying before the House Financial Services Committee today. It will be very much…

‘We have dealt with recessions before’: Jamie Dimon says geopolitics is the world’s biggest risk

JPMorgan Chase CEO Jamie Dimon says geopolitics after Russia’s invasion in Ukraine is the biggest risk, larger than high inflation…

The ‘Great IPO Reopening’ may be on hold: rising rates and weaker stocks are a killer

The Great IPO Reopening may be on hold: rising rates and lower stocks are an IPO killer.  A combination of…