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What you need to know on Wall Street today
Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.
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After a brutal beatdown on Wednesday, investors are wasting no time picking themselves up off the mat.
There are three big reasons why Wall Street shouldn't freak out too much about the Trump-Comey bombshell, according to Business Insider's Bob Bryan. In related news, the Trump administration formally launched NAFTA renegotiations, and
Brazilian markets are getting rocked amid another growing political scandal. Wall Street firms are likely getting hit.
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On Wall Street, big ambitions in trading, has made a key hire New York Stock Exchange is ferociously defending its territory. And Lloyd Blankfein was given two bits of advice when he became a partner at Goldman Sachs, and they sum up the company culture.
Traders fear these 15 nightmare stocks, according to Goldman Sachs. Walmart just proved it's immune to the retail apocalypse. And a $25 billion biotech's stock is popping on its promising cancer data.
Tesla factory employees described grueling work conditions where people pass out "like a pancake." And Elon Musk just admitted that Tesla's stock is out of control.
In tech news:
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- Japan's SoftBank has raised $1 billion from Sharp for its colossal $100 billion tech fund
- Amazon has several hurdles to jump before it could enter pharmaceuticals
- Cisco beat on profit for its third-quarter earnings, but offered gloomy guidance
- Alibaba revealed a $6 billion share buyback as it missed EPS forecasts
Lastly, Bentley created a super luxe SUV specifically designed for falconry — and it looks awesome.
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