
Why the financial markets are the only real check on Trump
With Congress acquiescing to all of Trump’s wishes and the courts stacked in his favor, many are concerned about an unbridled president. To the rescue comes the market.
With Congress acquiescing to all of Trump’s wishes and the courts stacked in his favor, many are concerned about an unbridled president. To the rescue comes the market.
SpaceX President Gwynne Shotwell echoed CEO Elon Musk’s past criticisms of government regulation, calling for faster launch approvals as the company ramps up test flights for its Starship rocket.
With $1 trillion in assets and unrivaled returns, the private equity giant has conquered Wall Street, but its 76-year old founder, Steve Schwarzman, isn’t finished. He wants total domination overseas as well— and the firm’s crown prince, Jonathan Gray, has built an ingenious weapon targeting vast amounts of global wealth.
The famed value investor thinks stocks have come down to attractive valuations after a selloff this year.
The famed stockpicker is doubling down on her favorite “disruptive innovation” stocks despite market drubbing.
Analysts at Deutsche Bank and KBW have recently estimated Credit Suisse’s restructuring plans would cost roughly US$4 billion.