Here's What Losing ‘Security Blanket’ Cohn Means for U.S. Stocks [Bloomberg Business News]
Solidion Technology, Inc. (STI)
Last solidion technology, inc. earnings: 10/17 06:00 am
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Source: Bloomberg Business News
The loss of Gary Cohn as a stabilizing force in the White House administration and the rise of protectionist hawks poses a risk to U.S. bank stocks and other equities tied to the housing market, analysts say. Strategists are assessing who may replace Cohn as Donald Trump’s top economic adviser and who else may depart, as well as the potential for policy changes that may hurt lenders, affect interest rates and housing trends, and lead to a more hard-line approach in trade talks. The KBW Bank index has gained 50 percent since Trump’s 2016 election victory on tax cuts and prospects for lighter regulation, both championed by Cohn. The index fell 0.5 percent in early Wednesday trading, with Cohn’s former employer Goldman Sachs Group Inc. sinking as much as 1.8 percent. Bank of America Corp. lost 1.7 percent, and JPMorgan Chase & Co. fell 1.6 percent. Cowen, Chris Krueger and Jaret Seiberg Cohn’s departure means “Wall Street just lost its security blanket,” K
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STI
Sec Filings
- 4/19/24 - Form 8-K
- 4/15/24 - Form S-1
- 4/12/24 - Form 10-K
- STI's page on the SEC website