A dramatic yen rally is harnessing market momentum, prompting investors to quickly adjust as trend-followers reverse course. The yen has risen 8% against the dollar in…
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Major European equity markets fell Thursday after corporate earnings reports, while upcoming U.S. policy easing boosted global bonds. The Federal Reserve kept rates steady but hinted…
HSBC Holdings pledged a $3 billion share buyback to boost its stock, following stable first-half profits and improved real estate losses. Europe’s largest bank aims for…
Disappointing Microsoft results wiped $340 billion in value from AI competitors, while Nvidia rallied after AMD’s results. Chipmaker gains and customer losses highlight an AI landscape…
Nasdaq fell 1% Tuesday; chip and megacap shares dropped pre-Big Tech earnings; financial stocks kept Dow steady pre-Fed decision. Microsoft, a leading AI frontrunner, will release…
FIMA 2024 is the world’s leading data and analytics event for investment banks and asset managers. Connect with data and analytics leaders from T1 banks, for…
European shares dropped on Friday amid economic uncertainties and a global outage affecting airlines, banks, and financial services. This turbulent market week saw a tech sell-off…
Asian equities fell Thursday, driven by chip stocks, as U.S.-China trade tensions rose. Meanwhile, the yen remained firm. The U.S. dollar hovered near a four-month low,…
Morgan Stanley’s Q2 profit exceeded expectations due to a surge in investment banking and trading revenues, despite muted wealth management. The bank, like Bank of America…
Apple’s stock hit a record high as Morgan Stanley’s increased price target and “top pick” status highlighted AI’s potential sales impact. To compete with Google and…