Wall Street

Snapchat’s first quarter earnings fell short of expectations on many fronts, and that has investors wondering if Instagram and its owner, Facebook, are beating Snap at its own game. Instagram and Facebook have copied many popular features of Snapchat and its “stories” platform, and they have the bigger user base in place that Snap wants […]

The big banks will start rolling out their first-quarter earnings reports today and expectations are high. But Wall Street will also be looking for clues to a lending mystery: why aren’t banks doing more of it?  Click the audio player above to hear the full story.

Republicans, including President Trump, have been talking about bringing back Glass-Steagall, the 1930s law requiring banks to separate their commercial and investment banking businesses. Gary Cohn, the president’s economic adviser, reportedly told senators he supports that proposal in a private meeting yesterday, according to Bloomberg. If Glass-Steagall were to be reintroduced, what would that mean […]

The Senate Banking Committee is scheduled to hold a confirmation hearing Thursday on Jay Clayton, President Donald Trump’s choice to head the Securities and Exchange Commission. Clayton does not have a track record in Washington, and that makes it difficult to know if he shares Trump’s distaste for government regulation. But we can tell something […]

Markets saw a big bounce today following President Donald Trump’s speech last night. The Dow jumped more than 300 points, closing above 21,000 for the first time today. That follows an upward market trend since the election, which the president noted. But his speech lacked details about a lot of the promises he has made — […]