+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

What you need to know on Wall Street today

Aug 26, 2024, 14:16 IST

Advertisement
Lucas Jackson/Reuters
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.

If stock traders truly believed the Federal Reserve's assertion that the economy is strong enough to withstand higher interest rates, they would be fleeing from stocks offering high yields. It's doing the opposite.

In other words, the stock market is sending a crucial message to Janet Yellen.

Elsewhere in markets news, ETFs are being unfairly blamed for one of the market's biggest problems. The tech stock Illuminati are getting too much credit. And there are "cracks emerging" in the calmest market in years.

Things could get messy if oil drops below $40, according to UBS. And US Federal Reserve Chair Janet Yellen said that she does not believe that there will be a run on the banking system at least as long as she lives.

Advertisement

In Wall Street news, the hedge funder who had long hoped to work for Trump finally got a job. An activist investor called out 50 stocks, and then most of them tanked. Britain's financial regulator hits the "nuclear button" in its crackdown on the £7 trillion asset management industry.

And potential jurors in Martin Shkreli's trial have called him "evil" and a "snake" - and it's becoming a problem

In deal news, Blue Apron slashed its IPO range. The deal is supposed to price tonight, and start trading on Thursday.

In healthcare news:

And in tech news:

Advertisement

Lastly, the new king of New York power lunching has arrived - here's what it's like to eat there.

NOW WATCH: Barclays strategist: You can expect a major department store to fail in the next 18 months

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article