Wall Street’s Secret Client List

Are You on It?

An Inside Look at Wall Street’s Secret Client List

Across the global financial industry, a new class system is emerging. Banks are jettisoning the we-do-everything model to cater to prized clients that generate the most revenue while turning away others. Entire businesses are focusing on the wealth and influence of a new financial elite—what amounts to the one percent of the one percent.

Today's Top Stories

Rockefellers Dump Exxon Holdings That Made Family’s Fortune

Descendants of John D. Rockefeller sold their Exxon stock and plan to dump all other fossil-fuel investments, in the latest move against the industry that made their fortune. The fund singled out Exxon for what it called “morally reprehensible conduct,” a reference to a series of InsideClimate News articles that alleged the oil titan knew about global warming as far back as the 1970s and sought to hide what it knew from investors, policymakers and the public.

Microsoft Removes Racist Comments From AI Bot

The company earlier this week introduced a machine learning experiment named Tay to chat with real humans on Twitter. The bot seemed to learn by parroting and then generating its own phrases based on its interactions with other users. Of course, the Internet quickly taught Tay to spew racist, sexist and offensive messages. Tay has now gone offline to take a break and “absorb it all.” The rest of us should probably do the same.

Wheel of Fortune Cashes in on 2016 Political Ads

The average Wheel viewer is 50 years old, and 70 percent say they always vote, according to Borrell Associates, which follows media trends. This makes the show’s 29 million viewers an ideal target for candidates, super-PACs, and other political groups looking to spread their messages. This will be a Jeopardy! question at some point.

Young, Broke, and Scared of the IRS: The Millennial Tax Trap

Those 18 to 34 are more afraid of filing their taxes than any other generation. The key to dealing with the agency: Don’t ignore it.

The U.S. Population Is Swelling in Almost Every State

Does the subway/freeway/Shake Shack line feel a little more crowded than it did a year ago? It might not be all in your head: The population of the United States grew 0.79 percent in the past year, according to data from the U.S. Census Bureau.

Holy Shrinking Slice, Batman!

Will Batman v Superman Be the Billion-Dollar Blockbuster Warner Bros. Needs?

For Warner, more is riding on the movie than on any other single release this year. It’s important not only for the money it could pull in, but also because it could be a steppingstone to cultivate a dedicated audience for future films from its DC Comics franchise. Unfortunately, the early reviews have been, to put it mildly, harsh.