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David Hollerith
David Hollerith is a senior reporter covering the cryptocurrency and stock markets. He previously earned his master’s degree from Columbia School of Journalism. Before that, he freelanced with Decrypt and worked for Bitcoin Magazine as a reporter and audio producer.
Yahoo FinanceBig bank CEOs urge caution, warn on loan losses after 'interesting' 2023
Key bank executives spoke on Tuesday about the challenging 2023 wrapping up and the caution these firms have towards the year ahead.
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Bank stocks finish November on a hot streak despite fresh warnings about risks
Two major indexes tracking the banking industry closed November with their best monthly returns in some time, despite fresh warnings about the risks ahead.
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The 'punk rocker of Wall Street': Investors react to Charlie Munger's passing
The investment world reflected on the passing of one of its icons, calling Charlie Munger everything from a "Renaissance man" to a "punk rocker of Wall Street."
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Morale at Goldman Sachs 'is pretty good': CEO David Solomon
Goldman's CEO is finishing 2023 talking about the same subject that was front and center for him as the year began — the "noise" surrounding the Wall Street bank.
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Where crypto goes next after the humbling of Binance
Crypto enthusiasts are breathing an audible sigh of relief, saying Binance's $4.3 billion pact with the US government lifts the uncertainty hanging over their industry
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Binance CEO Changpeng Zhao pleads guilty as part of broad pact with US authorities
A $4.3 billion pact between Binance and US authorities represents the most high-profile crypto crackdown since the arrest of FTX founder Sam Bankman-Fried in 2022.
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Citigroup begins layoffs as Wall Street braces for rough end to 2023
The country's third-largest bank began a new round of job cuts Monday, punctuating a challenging year for all of Wall Street.
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Investors are pushing bank stocks higher. Analysts are urging caution.
Bank stocks are on pace for their best month in nearly three years. Analysts caution that a lot of uncertainty still lies ahead for the battered industry.
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Warren Buffett's Berkshire Hathaway is making a new bet on the Atlanta Braves
The Omaha conglomerate made an investment in the company that controls Atlanta's baseball team after the Braves split from Liberty Media, a longtime Berkshire holding.
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Investor Michael Burry of 'Big Short' fame has closed bets against S&P 500, Nasdaq
The investor who famously shorted subprime mortgages during the 2008 financial crisis ended wagers against the S&P 500 and the Nasdaq 100.
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There is a new bank under scrutiny on Wall Street: Morgan Stanley
Morgan Stanley is wrestling with a stock slump, an investment banking slowdown, and regulatory headaches as a new CEO prepares to take over Jan. 1.
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Bitcoin surges above $37,000, hitting highest mark in 18 months
Investors pushed bitcoin to its highest price since May 2022 as they turned more optimistic about mainstream acceptance of the world's largest cryptocurrency.
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Goldman’s consumer retreat isn’t over
The Wall Street giant is now looking to shed its GM credit card as it tries to cut costs and refocus on its core strengths.
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Why some US bank deposits are held up days after 'processing error' delayed 850,000 payments
The private company that processes many bank-to-bank electronic transfers said a 'processing error' last week led to payment delays on roughly 850,000 transactions.
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Private equity wants to be your banker
The hottest names in lending are no longer banks. They’re Wall Street money managers.
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Coinbase trading volumes fall as exchange posts seventh consecutive quarterly loss
Investors pushed Coinbase's stock lower after the exchange said trading volumes dropped as it posted its seventh quarterly loss in a row.
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Dimon: The excess savings amassed by low-income consumers are now gone
JPMorgan Chase CEO Jamie Dimon and execs with other big banks are seeing a divergence between the two ends of their customer bases.
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JPMorgan CEO Jamie Dimon suspects Fed 'may not be done' raising rates amid 'stickier' inflation
JPMorgan CEO Jamie Dimon suspects the Fed might be more inclined to raise rates again than many investors currently expect.
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Student loan rebound lifts SoFi
A surge in new student loans at fintech lender SoFi "was actually much faster than we were expecting," said one analyst.
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Bad loans are becoming a real problem for regional banks
Many regional banks say their troubled loans are on the rise as commercial borrowers show more signs of strain.