Art Cashin, a prominent Wall Street figure and UBS director of floor operations at the New York Stock Exchange, has passed away at 83. Known for his insightful market commentary on CNBC for over 25 years and his widely read newsletter, Cashin was a beloved personality in the financial community. His career spanned more than six decades, leaving a lasting impact on investors and traders alike.
Art Cashin, a prominent Wall Street figure and UBS director of floor operations at the NYSE, has passed away at 83. Known for his insightful market commentary on CNBC for over 25 years and his popular newsletter, Cashin was a beloved personality in the financial community, remembered for his humor and expertise. His career spanned more than six decades, beginning in 1959, and he was a fixture at Bobby Van's Steakhouse, where he shared stories and market insights with friends.
U.S. consumers showed resilience in Q3, with solid spending reported by JPMorgan and Wells Fargo, despite inflation concerns affecting lower-income Americans. Both banks increased provisions for potential loan losses, indicating caution amid economic uncertainty, while credit card spending remained robust.
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