The Daily Editor
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Something on Wall Street 'Smells Like' 2008, Says Former Goldman Sachs Chief. Here's What It Is.
Key Takeaways
- Lloyd Blankfein, who led Goldman Sachs through the 2008 financial crisis, expressed concern in several recent interviews that hidden risks within private credit may put the U.S. on track for another financial crisis.
- Blankfein is one of several Wall Street veterans warning of impending losses in private credit right as the industry and White House push to make private assets part of the average American’s retirement portfolio.
Wall Street continues to remain under pressure, suffers worst weekly sell-off since October
Wall Street continues to remain under pressure, as the US indices declined further on Friday’s session.
The intensifying conflict in the Middle East sparked worries about rising oil costs and inflation, while an unexpected drop in US employment heightened concerns about growth, causing stocks to have their worst weekly selloff since October.
1 Defense Stock Cathie Wood Is Buying Now as the U.S.-Israel War on Iran Heats Up
Last weekend, the U.S. and Israel launched widespread strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei after his 36-year rule. Iran struck back, hitting U.S. bases in the Middle East and killing five American troops, with the current total at six. President Trump warned the war could go on for four to five weeks,
Dave Ramsey Caller Asks How To Become A Billionaire — But Investing Isn't The Answer. 'You're Not Going To Get To $100M In Your 401(k)'
Most callers dial in asking how to get out of debt. One caller from Little Rock, Arkansas aimed a little higher.
“How do you become a billionaire?”
On “The Ramsey Show,” the caller told personal finance expert Dave Ramsey he had heard that becoming a billionaire was one of Ramsey’s goals.
Investing amid uncertainty: Why volatility can be your 'friend'
Geopolitical uncertainty is making it difficult for investors to get a clear read on which parts of the market (^DJI,
» Read more about: Investing amid uncertainty: Why volatility can be your 'friend' »
Is the Middle East War Decreasing the Chances of Fed Rate Cuts This Year?
Key Points
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The Middle East war has changed the outlook for inflation and interest rates.
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Futures markets now predict just one quarter-point cut this year by the Fed.
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Investors should be aware that this could be a dampener to stock prices.
» Read more about: Is the Middle East War Decreasing the Chances of Fed Rate Cuts This Year? »
The Average Social Security Check Could Reach a Key Milestone in 2026
Key Points
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The average Social Security check is $2,075 per month as of January 2026.
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The average annual benefit may cross $25,000 for the first time later this year.
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There are steps you can take to secure a benefit that’s larger than the average.
» Read more about: The Average Social Security Check Could Reach a Key Milestone in 2026 »
How major US stock indexes fared Thursday, 3/5/2026
The Dow Jones Industrial Average briefly dropped more than 1,000 points after the price of oil spiked to its highest level since the summer of 2024.
The Dow lost as many as 1,160 points Thursday before finishing the day with a drop of 784, or 1.6%. The S&P 500, which is the measure of the U.S.
» Read more about: How major US stock indexes fared Thursday, 3/5/2026 »
Why the Nasdaq Is Holding Up Better Than the Dow and S&P 500 On Friday
Key Points
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Escalating conflict in Iran has blocked shipping lanes at the Strait of Hormuz, sending crude oil prices up about 35% for the week.
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Financial stocks and basic materials producers took the biggest hits on Friday as investors priced in ongoing disruptions to global trade.
» Read more about: Why the Nasdaq Is Holding Up Better Than the Dow and S&P 500 On Friday »