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You may have heard about problems in the bond market.
Barely a day goes by without someone adding to the chorus complaining about difficult trading conditions. And according to new research, there may be problems with the new issue market too.
There are “numerous conflicts of interest in the placement process for corporate bonds,” according to Fideres, a firm staffed by former bankers. According to their research, companies may have paid $18 billion more in interest than they needed to in the period from 2010 to 2015.
Tesla just unveiled a prototype for the Model 3:
- Here is everything you need to know about the car itself.
- Tesla booked $7.5 billion in future sales in 24 hours.
- Here is why the Model 3 is Tesla’s biggest gamble yet.
- March auto sales aren’t looking great so far
Business Insider sat down with Hillary Clinton on Thursday. She dismissed Bernie Sanders’ Wall Street attacks, said Donald Trump shouldn’t lead the US military, and that Trump’s recent comments about abortion were “outrageous.”
Lastly, given it is April 1, here are 25 old-school pranks that Wall Streeters used to pull on the trading floor.
Here are the top Wall Street headlines at midday:
The world’s richest banker has been charged with corruption – Brazilian prosecutors on Thursday charged Joseph Safra, the world’s richest banker, in connection with an alleged scheme to pay bribes to government officials in return for waiving tax debts.
There are signs of life from the most beat-up part of the US economy – American manufacturing has been taking it on the chin lately.
Congratulations! You just witnessed one of the greatest comebacks in stock market history – This is the first time in over 80 years that the stock market finished green for a quarter after being down by more than 10%.
American companies have released a mountain of bad news lately – The news coming out of American corporations has been dismal over the past three months according to FactSet’s John Butters.
A former undocumented immigrant who rose to a $340,000 position at Goldman Sachs shares her career advice – Julissa Arce was an undocumented immigrant from Mexico when she worked her way up from an intern to a vice president at Goldman Sachs.
Take a look inside the Goldman Sachs gym, where membership works like a progressive tax – The Goldman Sachs office in London has all the amenities you’d expect of a five-star hotel.