Rethinking ‘Trump Trade’
Markets weren’t very concerned about healthcare and seem to have moved on from the Republicans’ failure to overhaul Obamacare. What investors care about is tax reform, and confidence that Trump can keep his campaign promise of overhauling the tax system is starting to waver among market insiders.
Bank stocks among heaviest-hit names in market tumble
Bill Gross-Pimco drama over
After a bitter fight that lasted over two years, Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, the firm he co-founded in 1971.
Losing some luster
Learning to invest on Goldman Sachs’ risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. Not anymore, acoording to Reuters’ Svea Herbst-Bayliss and Lawrence Delevingne.
Sweetening the IPO pill
Saudi Arabia has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to be the world’s largest equity sale.