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Year: 2018

Goldman back in the 1MDB swamp after Leissner and Ng charges

The charges unsealed by the US Department of Justice (DoJ) around the 1MDB scandal on Thursday drag Goldman Sachs right back into the mire it has spent the past few years deftly escaping. It’s not just the fact that two former Goldman Sachs bankers, Tim Leissner and Roger Ng, face charges. These charges were expected, …

Goldman back in the 1MDB swamp after Leissner and Ng chargesRead More

How rough of a week did Wall Street have? The Dow saw 22,000 points worth of whipsaw trading

With another volatile plunge Friday, the Dow Jones industrial average has traveled more than 22,000 points this week. The stock index closed more than 1 percent higher, bringing its weekly losses to the worst since January 2016. Earlier in the session, the Dow was tracking for its worst week since October 2008, during the financial …

How rough of a week did Wall Street have? The Dow saw 22,000 points worth of whipsaw tradingRead More

Fidelity is trying to save investors from blowing up their accounts in another wacky fund

Retail brokerage Fidelity said Friday it has temporarily blocked customers from buying some volatility-related products that caught hedge funds and individual investors on the wrong foot this week. Fidelity halted buy orders for three exchange-traded products linked to a popular trade on market volatility “to protect customers from outsized risk during the current market environment,” …

Fidelity is trying to save investors from blowing up their accounts in another wacky fundRead More

Dow travels more than 22,000 points in one of the wildest weeks since the financial crisis

With another volatile plunge Friday, the Dow Jones industrial average has traveled more than 22,000 points this week. The stock index closed more than 1 percent higher, bringing its weekly losses to the worst since January 2016. Earlier in the session, the Dow was tracking for its worst week since October 2008, during the financial …

Dow travels more than 22,000 points in one of the wildest weeks since the financial crisisRead More

Dow travels 20,000 points in one of the wildest weeks since the financial crisis

With another volatile plunge on Friday, the Dow Jones industrial average has traveled about 20,000 points this week. The stock index is also tracking for a weekly loss of about 6 percent, its worst since October 2008, during the financial crisis. CNBC tracked the volatile moves of the Dow this week to calculate the number …

Dow travels 20,000 points in one of the wildest weeks since the financial crisisRead More