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Junior bankers feel left behind in COVID-era banking boom

As top investment bankers orchestrated major deals through Zoom during the coronavirus pandemic, junior staffers say they were often sitting home, bored and alone, discouraged by an industry that has struggled to retain fresh talent.

Dow, S&P 500 sink 1% on Boeing results, short squeeze

The Dow and the S&P 500 slid more than 1% on Wednesday as Boeing slumped on posting a record annual loss, while declines were exacerbated by hedge funds selling off long positions to cover a short squeeze sparked by a sharp rally in GameStop and AMC.

Fed likely to leave support in place for struggling U.S. economy

The Federal Reserve is expected to keep monetary policy locked in crisis-fighting mode on Wednesday as the U.S. central bank assesses an economy still struggling through the shock of a pandemic but looking forward to relief from a vaccination campaign and another government aid package.

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