What you need to know on Wall Street right now

pulse

February 3, 2017 8:29 PM

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

donald trump 2

The wave of Wall Street deregulation is upon us.

With the stroke of a pen, President Trump has potentially started the unwinding of many of the hallmark financial regulations of the Obama administration. directed the Secretary of Labor to review the fiduciary rule, a regulation set to go into effect in April

Snapchat's parent company Snap Inc. on Thursday set in motion what could be the biggest tech flotation in years. Snapchat is pretty confusing, so here's how the company is teaching older investors how to use it. And here's everything else you need to know about Snap from the IPO filing.

In corporate news:

Amazon dropped on revenue miss
GoPro tanked after big misses on revenue and guidance
The maker of Ugg boots crashed after missing on earnings, revenue, and guidance
Macy's has reportedly been approached about a takeover by Canadian retailer Hudson's Bay
Deutsche Bank is reportedly planning job cuts in equities and fixed income
Ford is learning just how risky it is to cut deals with Trump

Lastly, here's what "Made in USA" actually means.

A trader psychologist who consulted on Showtime's "Billions" reveals the biggest mistake traders make - BILLIONS

This chart should terrify stock pickers everywhere - Passive investing is set to overtake active management in US market share in just four to seven years. passively managed funds will have more in assets than active funds by 2024 at the latest.

Vancouver home sales are crashing - Real Estate Board of Greater Vancouver

America's hottest investment product is about to go global -

" rel="noFollow"Fasten your seat belt": There's going to be a dealmaking bonanza in 2017 -

One part of Manhattan's housing market is going bananas - Condo and co-op prices in Northern Manhattan jumped 9.5% year-over-year in the fourth quarter to a median price of $575,000, according to a report released by Douglas Elliman and Miller Samuel on Friday.

Ford is sending its high-performance Raptor pickup to China - The Ford Raptor is a pickup for pickup-truck fans who want just a little bit more.

pulse

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng