The Wall Street donor class is rapidly losing control over the Republican Party heading into the 2016 presidential primary process, all while Sen. Jeff Sessions (R-AL) moves into a key kingmaker role on the trail with messaging while most candidates are searching for a sweet spot with conservative economic populism.
Sen. Marco Rubio (R-FL), a 2016 presidential candidate, seems to be misleading voters following a New York Times report that details how Rubio’s longtime donor, billionaire Norman Braman, has used his access to the senator.
15 years after the Dot-Com Bubble burst, the Nasdaq Composite Index leapt by 20.89 points, or 0.4%, to close at 5056.06 on Thursday, a record high. The strength of the index is being driven by the Silicon Valley 150 tech companies that have provided the juice to lift the NASDAQ by 6.8%, despite U.S. stock performance trailing major world markets.
The first fundraising numbers for Hillary Clinton’s White House bid will not be posted until July, but Wall Street took leadership roles in fundraising for both of her New York Senate campaigns, and nine of Mrs. Clinton’s top 20 donor organizations in her 2008 presidential bid were financial services firms. But after six years of a Wall Street donation boycott in retaliation for passing Dodd-Frank, Clinton is the Democrats’ best hope for reviving access to $100s of millions from Wall Street’s firehose of political donations.
CNN Senior Washington Correspondent Jeff Zeleny reported that Wall Street believes Hillary Clinton is “kind of one of them” and that one of the Wall Street donors he spoke to told him “she’s not scary to us yet, because we
Senator Elizabeth Warren (D-Mass) has not commanded much public attention since Hillary Clinton started channeling Warren’s book, Fighting Chance, which claims the “system is rigged” against the middle class because it is controlled by and for the elites who tilt the game in their favor. But in a bold effort to take all the oxygen out of the Clinton campaign, Senator Warren (D-Mass.) laid out a bare-knuckles legislative road map on Wednesday to kick Wall Street in the teeth.
Multiple conservative groups rebelled right out of the gate to Senator John McCain’s announcement that he will indeed seek re-election in what is expected to be a historic 2016 election cycle.
From Venture Beat: Presidential candidates like to treat Silicon Valley like an ATM, simply a money machine to support their massive national campaign expenses. They tour company headquarters with stump speeches, praising the tech industry as an engine of growth,
Marissa Mayer appears to be gaining traction in a turnaround of an Internet pioneer that most of Wall Street thought would be impossible.
In the wake of yet another flop and hundreds of layoffs, DreamWorks Animation CEO Jeffrey Katzenberg announced a dramatic restructuring and refocus of his teetering company (and legacy). Seeking to reassure Wall Street, Katzenberg said DWA will reduce its annual
An intern at a prestigious Wall Street asset management firm reportedly left her position to pursue a career in porn, because she “can’t stop masturbating at work.”
Elizabeth Warren’s latest victory over Wall Street arrived in the form of a letter. Over the weekend, Antonio Weiss, a top investment banker at Lazard, sent President Obama a note withdrawing from consideration to be under secretary of domestic finance, the third-ranking position in the Treasury.
On Wednesday, 44 House Democrats surprised Republicans by flipping their votes to upend a fast-track vote on a Wall Street deregulation bill that was similar to one those same Democrats voted for as recently as September.
In his weekly investors newsletter, investment guru John P. Hussman says that he’s in the camp that believes that “the likelihood of a market loss on the order of 40%, 50% or even 60% in the next few years is quite high.”
Anyone old enough to recall the Bush presidency might remember that the media used to be very, very concerned about “burger-flipper jobs,” median wages, and career quality. Bush’s fantastic unemployment rates were supposed to be marred with a big fat asterisk because too much job growth was occurring in low-wage, dead-end service industry jobs.
