Wall Street

Under consideration in the House of Representatives today: a big Republican platform item. Specifically, the rollback of Dodd-Frank financial regulations. This comes in the form of a bill called the Financial Choice Act. Here’s what’s in the bill and what could become law. Click the audio player above to hear the full story.

Shares of Google parent Alphabet flirted with $1,000 today, and Amazon finished up at $1,011. In the past, when a company thought its stock was getting a little too expensive, it would do a split. That would reduce the price of each share by raising the number outstanding. That basically made the stock more accessible […]

Some of the nation’s biggest banks, JPMorgan Chase, Bank of America and Citigroup, are warning that trading revenue in the second quarter will be down at least 10 percent compared to a year ago. Goldman Sachs also flagged a drop in trading revenue. One of the reasons they’re pointing to? A lack of market volatility. That may […]

Snapchat’s first quarter earnings fell short of expectations on many fronts, and that has investors wondering if Instagram and its owner, Facebook, are beating Snap at its own game. Instagram and Facebook have copied many popular features of Snapchat and its “stories” platform, and they have the bigger user base in place that Snap wants […]

The big banks will start rolling out their first-quarter earnings reports today and expectations are high. But Wall Street will also be looking for clues to a lending mystery: why aren’t banks doing more of it?  Click the audio player above to hear the full story.

Republicans, including President Trump, have been talking about bringing back Glass-Steagall, the 1930s law requiring banks to separate their commercial and investment banking businesses. Gary Cohn, the president’s economic adviser, reportedly told senators he supports that proposal in a private meeting yesterday, according to Bloomberg. If Glass-Steagall were to be reintroduced, what would that mean […]