He was chairman of the New York Stock Exchange and rose to lead the venerable securities firm Kidder, Peabody, but stepped down after it was caught up in a 1980s insider-trading scandal.
Category: Stocks and Bonds
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Stock Markets Bounce After a Week of Whiplash
The S&P 500 rose sharply in on Monday after resilient earnings at Bank of America and news of a radically revised tax plan in Britain.
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The Week in Business: Prices Keep Climbing
But there will be some relief for the millions of people dependent on Social Security. And a report on how much the housing market is slowing.
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With So Much Riding on the Fed’s Moves, It’s Hard to Know How to Invest
Where the markets go from here depends on whether and how deftly the Federal Reserve pivots from its hawkish stance.
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After Trading Scandal, a Fed President Corrects His Financial Reports
The Federal Reserve was rocked by scandal over trading by three of its officials. Now, the head of the Atlanta Fed is reporting undisclosed transactions.
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S&P 500 Slides as Inflation Worries Rise Again
The S&P 500 ended the week lower, erasing a short-lived rally.
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U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.
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Lucid Increases Electric Vehicle Production but Still Faces Challenges
The maker of electric sedans said it would hit its scaled-back production targets for 2022 after facing supply hurdles.
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Turmoil Returns to the U.K. Bond Market
The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous.
