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Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City.

US House votes to expel George Santos from Congress

US House votes to expel George Santos from Congress
Dec 1,2023 2:01 pm

... The New York Times published an investigation in December that revealed Mr Santos had lied about a Wall Street career, a college degree and having Jewish ancestry...

George Santos faces expulsion in historic House vote

George Santos faces expulsion in historic House vote
Dec 1,2023 10:40 am

... After he won election in November 2022, reports emerged that Mr Santos had lied about a Wall Street career, a college degree and having Jewish ancestry...

Will Tesla's truck recover from its shattering start?

Will Tesla's truck recover from its shattering start?
Nov 30,2023 2:21 pm

... But speaking to Wall Street analysts last month he also said he wanted to " temper expectations" warning there would be " enormous challenges" before the company was producing the vehicle in big numbers and turning a profit...

Xi Jinping arrives in the US as his Chinese Dream sputters

Xi Jinping arrives in the US as his Chinese Dream sputters
Nov 14,2023 11:21 pm

... In what could be a sign of his true priorities, Chinese officials had initially demanded the dinner take place before Mr Xi s meeting with Mr Biden, according to a Wall Street Journal report...

Donald Trump Jr praises 'genius' father in New York fraud trial

Donald Trump Jr praises 'genius' father in New York fraud trial
Nov 13,2023 4:21 pm

... As lawyers flicked through various Trump properties, Mr Trump Jr expounded on each one, from 40 Wall Street to Seven Springs...

Donald Trump: Legal experts see uphill battle in fraud case

Donald Trump: Legal experts see uphill battle in fraud case
Nov 11,2023 8:11 pm

... On the stand, Mr Trump boasted that his properties like Mar-a-Lago and 40 Wall Street were in fact worth more than their value on paper, but acknowledged he believed at least one of his properties may have been overvalued...

How WeWork's founder flew too close to the sun

How WeWork's founder flew too close to the sun
Nov 7,2023 8:51 pm

... In 2017 the Wall Street Journal said the company was " fuelled by Silicon Valley pixie dust"...

'Blowing the whistle on Meta means I won't work again'

'Blowing the whistle on Meta means I won't work again'
Nov 7,2023 9:31 am

... Ms Haugen s testimony followed a 2021 Wall Street Journal report leaking internal studies from the firm which it said...

Michael Bloomberg joins 2020 US presidential race

Nov 6,2023 10:51 am

Billionaire former New York Mayor Michael Bloomberg has officially announced he is standing to be the Democratic Party presidential nominee.

In a statement,

"The stakes could not be higher. We must win this election," Mr Bloomberg wrote.

He joins 17 other candidates vying for the Democratic nomination to take on Mr Trump in 2020.

As things stand, former Vice-President Joe Biden , Senators Elizabeth Warren and Bernie Sanders are The Party 's front-runners.

Mr Bloomberg is said to be concerned the current field is not strong enough to challenge The President .

He enters the race after months of debate over wealth inequality in the US, with Mr Sanders and Ms Warren announcing plans for steep tax rises for billionaires. Unveiling his tax proposals in September,

President Trump taunted Mr Bloomberg earlier in November, saying there was "nobody I'd rather run against than little Michael".

The same day, Mr Bloomberg filed paperwork for the Democratic Primary Election in Alabama.

Who is Mr Bloomberg?

Michael Bloomberg is The Eighth richest American with a net-worth of $54. 4bn (£42bn), according to Forbes.

Born in Massachusetts, he started out in business as a Wall Street banker before going on to create the financial publishing empire that bears his name.

Over The Years he has given millions of dollars to educational, medical and other causes - including political ones.

He staged a successful campaign to become New York mayor in 2001 and remained in office for three consecutive terms until 2013.

Rumours of presidential ambitions have surrounded him for More Than a decade.

Why is Bloomberg running?

Mr Bloomberg is a very data-driven businessman. But it doesn't take an advanced degree in quantitative analysis to realise that the Democratic field, even at this (relatively) late date is still in flux.

There are four candidates at or near The Top of early state and national primary polls - All with their strengths, of course, but also obvious weaknesses. His strategy appears to be To Let The Other candidates fight it out in the early voting states, then take on a diminished field later in The Process , where his near unlimited resources will allow him to compete in the dozens of states that vote in March.

It's a risky play that only someone of Mr Bloomberg's vast wealth can afford to make.

Even so, it takes quite a leap of faith to Imagine That Democrats these days are ready to jump over to a New York City plutocrat ex-Republican with a smorgasbord of a record that's business friendly, fiscally conservative and includes opposition to government-run Health Insurance and legalised marijuana, and past support for aggressive policing measures.

At the very least, however, his entry will provide him a means to push a party that he sees drifting dangerous leftward back to the pro-business Centre .



us election 2020, united states, michael bloomberg

Source of news: bbc.com

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