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What you need to know on Wall Street right now

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.

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A couple of weeks ago, Goldman Sachs CEO Lloyd Blankfein, a Hillary Clinton supporter, was asked whether he wished he had backed Donald Trump.

"So, in hindsight, do you wish you had backed the other horse, then?" Joe Kernen of CNBC asked him in an interview at the World Economic Forum in Davos, Switzerland. "Or do you like more regulation and higher taxes?"

"But there's other things, there's other factors at work here, too," the Goldman Sachs CEO responded.

This weekend's events made that clear. The decision by Donald Trump to sign an executive order barring refugees from entering the US, led to outcry both in Washington and Silicon Valley.

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Starbucks responded by committing to hiring 10,000 refugees over five years. Ford's CEO Mark Fields told Business Insider the company does "not support this policy." And thousands of people have protested at cities and airports around the country.

  • There are a lot of problems with Trump's 20% border tax idea
  • How a Corona gets from Mexico to your local bar, and how Trump could make that trip more complex
  • " Trump's policies towards NAFTA and Mexico will have a negative impact in the borderland"
  • Paul Singer's Elliott: "8 years of growth-repressive and distorted fiscal and monetary policies" are coming to an end
  • Here's why Elon Musk is changing his tune on Trump
  • A top strategist explains who — if anyone — can threaten America's status as the global economic superpower
  • Bill Clinton, Donald Trump, and Jamie Dimon all agree on a little-known tax that pays poor people
  • The rise of Gary Cohn, from Midwestern kid to Goldman Sachs boss — and now adviser to President Trump

Snap will list its shares on the NYSE, and its filing is expected this week. Walgreens and Rite Aid are cutting their deal price — and Rite Aid's stock is plunging.

A key figure in Paul Singer's epic Argentina trade has stepped down - A key portfolio manager behind Elliott Management's famous Argentina bet has stepped down.

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A "visionary in global finance" had 2 simple ideas, and changed investing forever - In 1974, John C. Bogle founded Vanguard Group, which transformed investing forever with the index fund.

Short sellers are cleaning up in Fitbit - Shares of Fitbit are down 15.7% at $6.08 per share on Monday after the company announced preliminary fourth-quarter results that were well below its previous estimate, in addition to slashing its guidance for the crucial holiday quarter.

The maker of Tempur-Pedic mattresses is crashing by more than 25% - Tempur Sealy, the maker of Tempur-Pedic mattresses and other bedding products, is tanking on Monday after failing to reach a deal with a key retailer.

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One of American, Delta, and United's most feared rivals may be in trouble - Since its founding in 2003, Etihad Airways has managed to storm its way to the forefront of the airline industry.

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