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Tag Archives: Wall Street

Big banks accept Opec was right as they embrace oil near $80

Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices. Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co. have all issued a flurry of bullish forecasts in the past fortnight. They’ve abandoned their scepticism and are accepting that Opec’s output cuts are …

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Hillary Clinton: Wall Street’s favorite enemy

By Amanda Becker  for REUTERS| WASHINGTON — Hillary Clinton began her presidential campaign by promising to do what it takes to rein in Wall Street. Boosted by Wall Street’s toughest critics, U.S. senators Bernie Sanders and Elizabeth Warren, the Democratic candidate has declared “the deck is still stacked in favor of …

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Wall St. opens with slight gains but energy down again

Reuters – U.S. stocks were modestly higher on Wednesday, putting major indexes on track to end 2014 near record levels, though energy shares once again fell alongside crude oil prices. While the market’s seasonal trend of modest moves and low volume continued, there was heavier action in the energy space. …

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