Wall Street

Mike Groll / AP

Wall Street profits are up by one-third over the same period last year, says the New York State comptroller. Comptroller Tom DiNapoli says the gain of $12.3 billion is good news for New Yorkers with retirement accounts invested in the market, as well as the state’s pension fund.

Shizuo Kambayashi / AP

Global markets continued the sell-off that started on Wall Street on Wednesday. Europe, the UK, and Asia are all down one percent or more. In the U.S., Dow futures are also down.

Pablo Martinez Monsivais / AP

The Securities and Exchange Commission has continued its aggressive enforcement approach toward Wall Street traders. That’s according to an analysis of data that includes the first three months of the Trump administration.

David Karp / AP

A bill before the Connecticut General Assembly's Finance, Revenue and Bonding Committee would place a tax on hedge funds. For some Democrats in Connecticut, the idea is simple: hedge funds have the money and they already get a tax break, so the state could plug budget holes with a 19 percent surcharge on investment companies.

Supporters of the bill, including Committee Vice Chair Rep. Josh Elliott of Hamden, say it would raise $535 million a year, and effectively close the tax loopholes investment managers get from the federal government.

Richard Drew / AP

New York regulators fined errant banks a total of $650 million in 2016, but that number could increase in the new year when new rules take effect.

Pages