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What you need to know on Wall Street today
Hello. Here's what you need to know on Wall Street today.
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Cohn says he faced "enormous pressure" to resign — and he came extremely close.
In Wall Street news, a portfolio manager at Izzy Englander's $35 billion hedge fund is setting off on her own. And a fresh San Francisco hedge fund is aiming to raise as much as $600 million.
Traders are dumpingUS stocksto a degree not seen in 13 years. The most important pillar of the bull market is starting to crumble. pointing to a 5% drop in the market over the next month
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Gary Shilling sat down with Business Insider CEO Henry Blodget on camera this week, andsaid stocks are expensive, and that a "shock" could send them plunging. You can watch the latest episode of The Bottom Line in full here.
Amazon announced Thursday that Prime members will get special discounts at Whole Foods, once again flashing its ability to destroy the competition. Still, the top Walmart analyst says the company has one big advantage over the tech giant.
Facebook's most successful alum hopes to help ordinary investors make money on startups. WeWork just raised another $4.4 billion from SoftBank. And Meg Whitman is at the center of Uber's boardroom battle.
An entrepreneur who quit private equity to move to a beach in Brazil described the lightbulb moment that made up his mind. A rare Malibu vineyard with ties to liquor royalty has hit the market for $12.5 million.
And 700 Goldman Sachs bankers duked it out in a whiffle ball tournament for charity — see the photos.
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