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Wall Street Roundup: Watch out, Buffett. Wall Street's wizard.

August 22, 2011 |  8:43 am

Fed  andrew harrer bloomberg
Gold: Trading now at $1,891 an ounce, up 2.1% from Friday. Dow Jones industrial average: Trading now at 10,906.46, up 0.8% from Friday.

Fed bounce. Investors are looking toward this Friday's Federal Reserve meeting -- the anticipation, along with the victory of rebels in Libya -- is sending stocks up this morning.

Foreclosure settlement stuck. The settlement talks between the big banks and state attorneys general continue to be stuck on the issue of whether the banks will have complete immunity once they sign a deal. Meanwhile, the Obama administration is pushing New York's attorney general to go along with the settlement.

Watch out, Buffett. American Express' former chief executive, Harvey Golub, shoots back against Warren Buffett's call last week for taxes to be raised on the super wealthy.

New star. Forget Lloyd Blankfein and Jamie Dimon, the bank chief executive du jour is U.S. Bancorp's Richard Davis.

Wall Street's wizened wizard. Meet Wall Street's oldest executive, 105-year-old Irving Kahn, who says the current financial turmoil is nothing.

--Nathaniel Popper

Photo: Federal Reserve. Credit: Andrew Harrer/Bloomberg