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Lewis Wallace

Reporter

SHORT BIO

Lewis Wallace is a former reporter for Marketplace based in the New York Bureau.

Latest Stories (125)

When your landlord is on the other side of the world

by Lewis Wallace
Oct 5, 2016
In Detroit, international investors buy low-cost homes, then rent them to locals.
Houses line a Detroit street. In the city, the median price for an existing home is below $40,000.
JEFF HAYNES/AFP/Getty Images
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Too big to be monitored? Wells Fargo says false accounts were just a small slice of business

by Lewis Wallace
Sep 30, 2016
Not disclosing 'material' information to investors could violate securities law. The question is, what is 'material'?
Wells Fargo CEO John Stumpf testifies before the House Financial Services Committee on Thursday in Washington, D.C. 
Mark Wilson/Getty Images
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Wells Fargo CEO grilled by angry House committee

by Lewis Wallace
Sep 29, 2016
Stumpf now says sales quotas will go away this week, rather than next year.
Mark Wilson/Getty Images
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OPEC agrees to agree on oil limits, but outlook still shaky

by Lewis Wallace
Sep 29, 2016
We might have to say goodbye to cheaper gas.
The sun sets behind a oil derrick near the Saudi Arabian border with Kuwait. 
Joe Raedle/Getty Images
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Wells Fargo to claw back $41 million over false account scandal

by Lewis Wallace
Sep 28, 2016
The bank's executive heads are going to the House on Thursday for another grilling.
Wells Fargo CEO John Stumpf is sworn in prior to testifying before the Senate Banking, Housing and Urban Affairs Committee in Washington, D.C. on Sept. 20. 
Win McNamee/Getty Images
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Reality TV, uncut: Trump’s tropes on a national stage

by Lewis Wallace
Sep 27, 2016
A TV critic names Trump's rhetorical moves.
Republican presidential nominee Donald Trump speaks during the presidential debate at Hofstra University on Monday.
Win McNamee/Getty Images
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Rolling Stone sells almost half of magazine business to Singapore-based startup

by Lewis Wallace
Sep 26, 2016
The company is looking to diversify its business model.
A vendor in Singapore pulls out an issue of Rolling Stone. A Singapore firm linked to one of Asia's richest families has bought a 49 percent stake in Rolling Stone to expand the U.S. magazine's business in new markets.
ROSLAN RAHMAN/AFP/Getty Images
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Clinton tweaks estate tax proposal to raise rates at the top

by Lewis Wallace
Sep 23, 2016
Trump would repeal this tax on the very wealthy, while Clinton would increase it.
Democratic presidential nominee Hillary Clinton speaks during a campaign rally at UNC Greensboro on Thursday. 
Justin Sullivan/Getty Images
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Facebook’s Zuckerberg announces $3 billion investment in disease prevention

by Lewis Wallace
Sep 22, 2016
Facebook CEO Mark Zuckerberg and his wife Dr. Priscilla Chan will invest this money over a period of 10 years.
Mark Zuckerberg and Priscilla Chan's $3 billion investment is part of a larger initiative in which they plan to donate 99 percent of their Facebook stock to social causes. 
Adam Berry/Getty Images
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Is Wells Fargo digging itself into a PR hole?

by Lewis Wallace
Sep 21, 2016
Senators want to see some higher-ups go down after the company's false account scandal.
John Stumpf, chairman and CEO of Wells Fargo, testifies before the Senate Banking, Housing and Urban Affairs Committee on Tuesday in Washington, D.C. 
Win McNamee/Getty Images
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