Wall Street Roundup: Cohen under scrutiny. ‘Fountainhead’ fortune.
This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.
Gold: Trading now at $1,489 per ounce, up 0.5% from Thursday. Dow Jones industrial average: Trading now at 12707.10, up 1.0% from Thursday.
A break in the clouds. The economy saw its biggest one-month jump in jobs in two years, sending stocks soaring this morning.
A year on. One year after the Wall Street Flash Crash, two senators write about how little has changed -- but neither have people’s worst fears come true.
Cohen under scrutiny. The Wall Street Journal discovered that prosecutors in the government’s sweeping insider trading investigation are looking at the trade book of hedge fund magnate Steven Cohen.
Goldman’s shareholders. Lloyd Blankfein is facing his Goldman Sachs shareholders at a meeting in New Jersey Friday morning -- follow the proceedings here.
‘Fountainhead’ fortune. A former bank chairman is offering millions of dollars to any schools that will offer courses on capitalism and make Ayn Rand required reading.
-- Nathaniel Popper