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Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.
GameStop’s stock soared over 1,500% in less than a month,driven by a Reddit-fueled frenzy. The irony is clear: memecoins like the TRUMP token face heavy criticism for speculative hype, yet they mirror the very behavior seen in traditional finance markets.
The charges even have an added advantage of driving a wedge between Trump’s new SEC chair, Paul ­Atkins, and his enforcement staff that investigated the matter if ­Atkins raises these issues and looks to dismiss or impose a slap-on-the-wrist penalty.
Wall Street started higher ahead of Trump's inauguration on Monday. Investors expect a flurry of executive orders, including on crypto and TikTok.
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In the euphoric markets of 2024, the biggest sin was skepticism. A white-hot runup in risky assets made life miserable for anyone buying into the frenzy of fresh products that Wall Street was hawking to hedge and diversify.
Emboldened by a friendlier incoming Trump administration and their success last year in weakening draft capital hikes, big U.S. banks plan to push to overhaul other U.S. capital rules, according to industry executives.
Hindenburg Research founder Nate Anderson, a foe of Carl Icahn and the Adani family, cites the stress of his job as he shuts down the firm.
The Wall Street Pepe presale crossed the $50 million mark on Friday, and now there are only 30 days left to grab a piece of the next Pepe.