Advertisement

Wall Street Roundup: Seeking Plan B. Wall Street’s lobbyist.

Share

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 $1,589 per ounce, down 0.1% from Thursday. Dow Jones industrial average: Trading now at 12,432.50, down 0.1% from Thursday.

Another surprise. Citigroup is the second bank to post surprisingly good second-quarter results, but the numbers haven’t been enough to lift the stock market this morning.

Seeking Plan B. The White House has been quietly reaching out to Wall Street to see if there is a way to avoid financial panic if the debt ceiling is not raised -- the answers have not been promising.

Advertisement

Wall Street’s lobbyist. A profile of the aggressive lobbyist who has been leading Wall Street’s charge to soften the Dodd-Frank financial reform legislation.

Watching Whitney. Last December, star analyst Meredith Whitney called for a wave of municipal defaults, spooking the markets -- so far, her prediction has not been borne out.

-- Nathaniel Popper in New York

Advertisement