A Republican congressman asked the CEOs of 7 of America’s largest banks ‘Are you a socialist or are you a capitalist?’

A Republican congressman asked the CEOs of 7 of America’s largest banks ‘Are you...

Republican Rep. Roger Williams wanted to clarify one thing with the CEOs of seven of America's largest banks during a congressional hearing on Wednesday: Were they capitalists or socialists? Williams started off his questioning of the seven CEOs — Michael Corbat of Citigroup, Jamie Dimon of JPMorgan Chase, James Gorman of Morgan Stanley, Brian Moynihan…
Trump’s Fed shakeup could leave US policymakers’ hands tied during a recession

Trump’s Fed shakeup could leave US policymakers’ hands tied during a recession

AP Photo/Mark Lennihan President Donald Trump's latest Fed picks have raised concerns about political interference in monetary policy. Policymakers have also questioned the potential nominees' qualifications to serve on the Board of Governors. Economists say that could hinder the central bank's ability to respond to a recession. President Donald Trump’s plan to nominate political allies…
AI will have a ‘transformative’ effect on Wall Street, according to a new report, putting 1.3 million finance jobs in the US at risk

AI will have a ‘transformative’ effect on Wall Street, according to a new report,...

Artificial intelligence in banking is sure to be big business in the coming years. It will also have a big impact on employees, according to a recent report. Data and technology company IHS Markit published a report Wednesday that estimated the cost savings and efficiencies of introducing AI on Wall Street will be valued at…
Tradeweb just went public at a $7.5 billion valuation. The company’s president told us about the IPO process, electronic markets going mainstream, and what it means to be a public company

Tradeweb just went public at a $7.5 billion valuation. The company’s president told us...

Tradeweb's move to the public market is the latest in what has been an interesting ownership structure for the company over the years. Refinitiv, a venture between Blackstone and Thomson Reuters, are majority owners in Tradeweb, in addition to a minority interest held by a consortium of banks. Billy Hult, president of the company, told…
Elon Musk just trolled Jeff Bezos on Twitter and it could reignite a years old feud between the billionaires

Elon Musk just trolled Jeff Bezos on Twitter and it could reignite a years...

Elon Musk is trolling Jeff Bezos on Twitter. Musk tweeted on Tuesday night about Amazon's plans to launch 3,236 satellites into orbit with the intention of delivering high-speed internet to the globe's more remote regions. The plan is codenamed "Project Kuiper." Musk tweeted under MIT Tech Report's story about Project Kuiper, tagging Amazon CEO Jeff…
Aramco: Here’s everything you need to know about the world’s most profitable company’s debut bond

Aramco: Here’s everything you need to know about the world’s most profitable company’s debut...

The dust has settled on one of the biggest debut issuances in emerging-market history after Saudi Aramco priced $12 billion of bonds amid record demand for the oil and gas giant. Investors piled into the world's most profitable company after it opened up its accounts to the world for the first time ahead of the…
Boeing shareholders are suing the company, claiming it put safety at risk in a reckless pursuit of profits that ended in the 2 fatal 737 Max crashes

Boeing shareholders are suing the company, claiming it put safety at risk in a...

The fallout from Boeing's recent difficulties over a fatal crash in Ethiopia continued when shareholders filed a lawsuit against the company. The filing at a Chicago federal court alleges that the aerospace company defrauded investors over the safety features of Boeing's 737 Max aircraft which was involved in two fatal crashes: one in Ethiopia last…
Airlines have stopped buying Boeing 737 Max planes in the wake of the Ethiopian Airlines crash

Airlines have stopped buying Boeing 737 Max planes in the wake of the Ethiopian...

Airlines have stopped ordering Boeing 737 Max planes, according to company's first quarter sales data, a troubling sign for the future of what was previously its fastest selling airplane. New data released Tuesday pointed to no new orders of the 737 Max in March. The report also pointed to a dip in deliveries of all…
I put this $800 robot vacuum to the test, and it easily cleaned coffee grounds, kitty litter, and 90% of the flour I threw on the ground

I put this $800 robot vacuum to the test, and it easily cleaned coffee...

Insider Picks writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through our links, but our reporting and recommendations are always independent and objective. I love robot vacuums. It's the easiest way to clean my messy house without requiring me…
Facebook’s new Watch Party video-streaming feature is wildly popular with pirates, who use it to run illicit movie marathons

Facebook’s new Watch Party video-streaming feature is wildly popular with pirates, who use it...

Facebook's new video-streaming feature, Watch Party, is a big hit, bringing together users from across the globe. There's just one problem: Some are using it in ways that Facebook didn't intend, and that are almost certainly illegal. Launched to all users in November, Watch Party lets users "host" video-watching events with friends and others on…

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