Politico writer, Ben White, says Washington went to war against Wall Street after the financial crisis and he says, quote: "Washington won in a blowout". White also writes that “Goldman Sachs is a shell of its former self”. In our poll today we want to know what you think. Do you agree that Washington beat Wall Street? Cast your vote on the right side of the Hot Stock Minute page and post your comments below as well.
In corporate news, General Electric (GE) met earnings per share estimates and reported a rise in revenue, but shares were lower in pre-market trading. Yahoo Finance Senior Columnist Michael Santoli offers his view of why the stock was under pressure.
Apple (AAPL) iPhones went on sale in China today through China Mobile, the world's biggest phone carrier. The two companies said they already received more than 1 million pre-orders.
And Bitcoin goes mainstream. The Sacramento Kings basketball team will become the first major professional sports franchise to accept Bitcoin in return for its products.