Stalled-Out Tech Stocks Leave ‘Other 493’ to Drive Market Gains

Jan 17, 2025 | Markets, Private Markets

New year kicks off with broadening beyond Magnificent 7 shares Energy, materials, utilities are winning sectors to start 2025 Some less-loved sectors of US equities are taking the lead in driving the market higher to start 2025, as lofty valuations and slowing profit...

Goldman Gives CEO Solomon $80 Million to Stay Put, Raises Pay by 26%

Jan 17, 2025 | Markets

Retention bonuses are second such awards given in recent years Bank boosts Solomon’s annual pay by 26% to $39 million Goldman Sachs Group Inc. handed its top two executives retention awards valued at $80 million each and launched a program to give its leaders a slice...

Bond Bust Spurs Debate About Whether Fed Cuts Were a Blunder

Jan 17, 2025 | Markets

Some on Wall Street claim the central bank went too far Fed’s defenders point to stability of inflation expectations When Federal Reserve officials gather in two weeks they’re likely to ponder a puzzling trend in markets: Since September, as they lowered short-term...

Chinese Tycoon’s Luxury Hong Kong Mansion Cuts Price by 60%

Jan 17, 2025 | Markets

The house was one of the most expensive transactions in Asia The property saw five failed tenders due to market downturn A bank trying to unload a luxury mansion in Hong Kong formerly owned by a Chinese property tycoon has slashed its price by about 60%, reflecting...

How Scott Bessent Made His Way Into Trump’s Inner Circle

Jan 16, 2025 | Markets

Today on the Big Take: To get the nomination for Treasury Secretary, Scott Bessent had to win over MAGA, Wall Street and Trump himself. Scott Bessent is President-Elect Trump’s pick to be the treasury secretary, a role that spans oversight of the $28 trillion market...