“He’s not somebody that the industry is particularly afraid of,” Bryner says. “So I think that we would see them kind of hopeful that he would be a more moderating influence, whereas Trump can be quite unpredictable.” [Emphasis added] … [Read more...] about Joe Biden Says ‘Wall Street Did Not Build’ U.S. While Wall Street Donors Build His Campaign
It wasn’t Biden’s call for spending $2 trillion in four years on climate projects, or his endorsement of turning Section 8 housing vouchers into an entitlement, or plans for paid family leave and child care that his campaign had to disavow in private conversations with its favorite Wall Street rentiers — it was his apparent embrace of postal banking, a policy that would enable the public sector to perform some functions currently reserved for private finance. By providing America’s poor with basic financial services, postal banking could theoretically impinge on the business models of payday lenders in the near term. Perhaps more significantly, if successful, such a program could invite further incursions into private financial capital’s prerogatives in the long run. Thus, this was the idea that raised Wall Street’s hackles. Similarly, Silicon Valley’s mindful megamillionaires don’t begrudge the working-class some social support … [Read more...] about Biden 2020: Change That Wall Street Liberals Can Believe In?
When Joe Biden released economic recommendations two months ago, they included a few ideas that worried some powerful bankers: allowing banking at the post office, for example, and having the Federal Reserve guarantee all Americans a bank account. [Emphasis added] … [Read more...] about Report: Joe Biden Promises Wall Street Donors the Status Quo in Private Calls
Every major index in Asia Pacific was lower. China's Shanghai Composite (SHCOMP) lost 1.3%. Japan's Nikkei 225 (N225) dropped 1.6%, while Hong Kong's Hang Seng Index (HSI) — which this week added big tech stocks Alibaba and Xiaomi to its list of components — fell 1.1%. South Korea's Kospi (KOSPI) shed 1%. Australia's S&P/ASX 200 was the region's worst performer, dropping 2.6%. … [Read more...] about Asian markets track Wall Street losses again while SoftBank tumbles
In response to repeated and detailed requests for comment, Lee did not address any of the specific claims in his August 11th note, sent by email to clients. Instead, he referred CNN Business to an article that cited Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, saying that it is "conceivable" that common cold T cells "could have some degree of protection." … [Read more...] about A new front in coronavirus disinformation: Wall Street research