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Warren accuses AI firms of trying to curb oversight in trade accordSenator Elizabeth Warren criticizes major AI firms for lobbying against transparency rules. These companies want to hide AI algorithms and ...
Global Market: BNP Paribas Q2 profit jumps 33% on strong trading, retail rebound; beats estimatesBNP Paribas reported a better-than-expected 33% rise in second-quarter net profit to €4.35 billion, driven by strong equity trading, a reco...
Global Market: Wellington, Vanguard, Blackstone launch hybrid public-private investment funds for wealthy clientsWellington Management, Vanguard and Blackstone have launched two investment funds combining public and private market assets, aimed at high...
Global Market: Ant International raises $1.2 billion to fuel global expansionAnt International has raised $1.2 billion in a fresh funding round backed by Ant Group and Alibaba to accelerate its global expansion acros...
Ant International raises $1.2 billion in global expansion pushAffiliates Ant Group and Alibaba Group participated in the private funding round, the company said on Tuesday, without disclosing the siz...
How Korean stocks turned from trusty bellwether to AI frenzyThat volatility, felt on dealing desks from Tokyo to New York, has not only wreaked havoc with portfolios - it has also dramatically distor...
Wall Street banks are having their best trading year since 2009. Does that mean a crash is coming?Wall Street banks are on track for record trading revenue, driven by AI investing, dealmaking and active markets rather than crisis conditi...
US Stock Market: Healthy loan growth and stable credit trends boost outlook for US bank stocksMajor Wall Street banks say the U.S. consumer remains resilient, with strong spending, rising loan balances and stable credit quality backe...
Fed's Kevin Warsh says interested in probe of Bowman bank meeting, won't prejudge outcomeFederal Reserve Chairman Kevin Warsh has shown keen interest in probing a discussion that took place between a top regulator and participan...
Morgan Stanley beats profit estimates on dealmaking boost, strong tradingMorgan Stanley has showcased an impressive performance for the second quarter, surpassing Wall Street's earnings expectations. The surge in...
US Stock Market: Citigroup shares slide after upbeat results fail to ease worries over higher costsCitigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank's net income jumped 45%, sur...
US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earningsU.S. stocks ended higher as softer June inflation data and strong bank earnings lifted sentiment despite escalating Middle East tensions. N...
Wall Street banks see AI 'super cycle' set to boost deals, financingInvestment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 bil...
Goldman Sachs profit tops estimates on trading boom, corporate deal spreeGoldman Sachs has reported robust profits for the second quarter, surpassing analysts' predictions. The firm's equities revenue soared to u...
JPMorgan posts record profit on big gains from dealmaking, stock tradingIn a remarkable feat, JPMorgan Chase announced its record profits for the second quarter, driven by impressive growth in investment banking...
Wells Fargo tops profit estimates on interest income boost, trading boomWells Fargo reported a significant profit increase in the second quarter. Strong trading desks and robust loan growth fueled this positive ...
Bank of America Q2 net income rises on higher trading activitiesBank of America reported a boost in its second-quarter net income, largely driven by a significant uptick in its trading activities. This s...
Wall Street banks rule on staff betting on prediction markets, sources sayIn a significant move, major Wall Street banks have revised their employee conduct guidelines. The updated policies impose restrictions on ...
SK Hynix advisors win big fee windfall after modest SpaceX paydayThe fees equate to about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal...
BofA cuts 2026 average gold forecast, sees long-term upsideDespite a generally positive long-term outlook on gold, brokerages are adjusting their near-term expectations downward. Bank of America has...