Stephen A. Schwarzman, Chairman and CEO of a hedge fund in New York City, is said to have chosen the members of Trump's Business Advisory Panel, not Trump.Read more
This morning, I began sharing details with you about my Black Friday holiday shopping saga. I wish I could say that the ordeal ended with the initial observations I expressed while sitting in the car in the mall parking lot, but it didn't.
Here's part two of that experience...
In Donald Trump’s victory speech after the presidential election, he vowed to rebuild our highways, bridges, tunnels, airports, schools, and hospitals. It sounds great; but as usual, the devil is in the details.Read more
Yesterday, CNBC announced that anonymous sources had told the cable business news outlet that Trump’s advisers were considering JPMorgan CEO Jamie Dimon for U.S. Treasury Secretary. The rumor nugget was quickly spread by other media outlets. The likelihood is that the rumor is coming from Jamie Dimon’s hyper-charged public relations machine rather than from Trump’s closest advisers.Read more
After news of its phony accounts scandal broke in August, Wells Fargo’s stock got a long drag through the mud. But with expectations of a presidency that will be much friendlier to the financial industry, investors are finally beginning to show a little forgiveness.Read more
President-elect Trump said throughout his campaign he would oppose financial regulations and in May said he would repeal the 2010 Dodd-Frank Wall Street reform law, which was passed in the wake of the financial crisis and empowered federal regulatory agencies to restrict banks' ability to make risky investments. Felix Hufeld, Germany’s financial watchdog, warned that loosening or scrapping of existing laws would lead to a new financial crisis.Read more