Photo: Pablo Martinez Monsivais / AP

Less than a year after leaving the White House, Barack Obama has spoken at Wall Street's Northern Trust Corporation and Carlyle Group LP. Next week, he'll speak at the investment bank Cantor Fitzgerald LP's health care conference. For each speech, Obama has received about $400,000, according to Bloomberg.

Why it matters: During the 2016 campaign, Hillary Clinton was harshly criticized for her own high-paid speeches on Wall Street, with Bernie Sanders and Elizabeth Warren among those most adamant about distancing the Democratic party from Wall Street. However, Obama is certainly not the first POTUS to cash in on speaking fees post-presidency. (How much past Presidents made off speeches, here.)

Obama's relationship with Wall Street hasn't always been friendly. He slammed "fat cat bankers" after the 2008 crash, but did not prosecute anyone on Wall Street over the financial crisis.

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Dan Primack, author of Pro Rata
19 mins ago - Economy & Business

Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Photo illustration: Sarah Grillo/Axios. Photo: Rick Friedman/Corbis/Getty Images

Apollo Global Management CEO Leon Black on Thursday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.

1 hour ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.

U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.