(Bloomberg) — Some of Wall Street’s biggest banks aren’t buying this stock-market rally. Most Read from Bloomberg Firms from HSBC Holdings Plc to Credit Suisse Group AG are skeptical that the S&...
Tag: Street
Wall Street Capitulation Calls Get Ever Harder as Stocks Bounce
(Bloomberg) — After a furious spate of retail selling unseen since December 2018 and beaten-down risk appetite, all the ingredients were in place heading into the big stock rebound Monday. Most ...
Stocks surge as Wall Street crawls out of a brutal September
U.S. stocks kicked October off on a strong note Monday after the S&P 500 and Nasdaq Composite closed out their first three-quarter losing streak since the 2008 Global Financial Crisis and the Dow ...
BofA’s Subramanian Says Wall Street Hasn’t Fully Capitulated Yet
(Bloomberg) — US equity sentiment held steady in September even as the S&P 500 Index suffered its worst monthly drop since the depths of the coronavirus pandemic in March 2020, according to ...
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up ef...
BofA Strategists See Wall Street Rout Forcing Asset Sales
(Bloomberg) — Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America Corp. strategists. Most Read from Bloomberg The NYSE Composite Index...
Wall Street hit with $1.8 billion in fines over staffers texting on personal devices
Bankers texting away on their personal phones are costing the biggest banks on Wall Street a chunk of money. On Tuesday, two U.S. regulators announced $1.8 billion in penalties to be paid by financial...
China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start
(Bloomberg) — The latest high-stakes drama between the world’s biggest superpowers is unfolding in the unlikeliest of places: a Hong Kong office tower full of accountants. Most Read from Bloombe...
Wall Street Says Ignore the Treasury Rally. Fed Hikes Won’t Stop
(Bloomberg) — Some big bond investors say don’t be deceived by the Treasury market’s torrid rally Wednesday. Most Read from Bloomberg The hawkish signals still coming out of the Federal Reserve ...
Netflix stock surges on double upgrade as Wall Street cheers on ad tier
Netflix (NFLX) shares soared on Wednesday after Atlantic Equities upgraded the stock from Neutral to Overweight, citing upside potential in the streaming giant’s upcoming ad-supported tier. Anal...
Strong Rally For Bitcoin And Crypto As Wall Street Melts Down
There’s a correlation between macroeconomic factors and crypto assets like Bitcoin. Harsh and stricter factors increase the volatility of virtual tokens negatively. This is also the case for equity st...
The Romanians “closed” Wall Street for the Crypto.ro Academy, the project that puts Romania on the world map of crypto education
Crypto.ro managed to film for 60 minutes in front of the New York Stock Exchange on Wall Street. The Romanian team from Crypto.ro filmed near the famous Bull in front of the New York Stock Exchange, c...
Wall Street Selling Pressure Doesn’t Impact Bitcoin and Crypto
Wall Street started the week in a correction mode with all three top U.S. indices correcting 1% on Monday, September 26. However, Bitcoin and the broader crypto market have made a surprising move nort...
Everything-Selloff on Wall Street Deepens on 98% Recession Odds
(Bloomberg) — Monday brought a stark warning for Wall Street daredevils: Stocks are still in free fall and bearish sentiment is far from getting exhausted — especially with hawkish central...
Wall Street Risks a Breaking Point After Week of Monetary Mania
(Bloomberg) — Central bankers are hellbent on tightening the monetary spigots even if something in financial markets breaks. After haywire cross-asset moves this week, that tipping point looks d...
Coinbase Responds to Wall Street Journal Proprietary Trading Allegations in New Blog Post
Crypto exchange Coinbase says it does not engage in proprietary trading, a speculative investment practice that the federal regulation known as the Volcker Rule restricts because of its role in the 20...
Coinbase Hired Wall Street Traders to Test Proprietary Trading (Report)
The California-based cryptocurrency exchange – Coinbase – reportedly appointed at least four Wall Street traders and established a group to use the company’s own funds to trade cryptocurrencies. Undis...
The Era of Inflation Has Ended — for Asset Prices on Wall Street
(Bloomberg) — As the Federal Reserve’s intensifying fight against inflation sinks every asset on Wall Street, investors are asking: Why buy now when things could get cheaper still? Most Read fro...
Coinbase denies The Wall Street Journal’s proprietary trading allegations
Coinbase has denied allegations from The Wall Street Journal that it engaged in proprietary trading. The exchange said Sept. 22 that the WSJ had confused its client-driven activities with proprietary...
The Street Is Sleeping on Nvidia Stock, Says Top Analyst
Nvidia (NVDA) stock has been through the wringer this year and even the latest announcements made by the chip giant at its fall GTC gathering didn’t really help to move the needle on the shares....
A Post-Fed Rally Should Sow ‘Deep Suspicion’: Wall Street Reacts
(Bloomberg) — US stocks swung wildly and the rout in Treasuries eased after investors speculated that the Federal Reserve may have become as hawkish as it will be during its battle against infla...
What the Fed’s big interest rate hikes mean for Main Street economy
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Re...
Wall Street rates Amazon (AMZN) a ‘strong buy’ as firm plans over 70 renewable energy projects
Amazon (NASDAQ: AMZN) is looking to expand its renewable energy projects to target 50,000 gigawatt-hours (GWh) of green energy, an amount that can power 4.6 million US homes annually. The 71 new rene...
Why investors fear a full-percentage-point Fed rate hike would ‘unnerve’ Wall Street
The Fed has delivered two 75 basis point interest-rate hikes so far this year. A previous version of this story said it had delivered three. With both U.S. stocks and bonds under pressure on Tuesday, ...
Ford shocked investors just like FedEx — here’s what Wall Street is saying
FedEx has found a friend in the camp of big, ugly third-quarter financial pre-announcements. The auto giant Ford warned of a whopping $1 billion profit hit late Monday in the form of higher parts cost...
Ford’s Big Earnings Warning Is Really Good News. Just Ask Wall Street.
Text size There is a silver lining in Ford’s ugly update for the third quarter of 2022. Leon Neal/Getty Images Ford Motor said a lack of parts and inflation would leave it with a third- quarter ...
Stocks close higher as Wall Street braces for Fed meeting
U.S. stocks found their footing in the final hour of back-and-forth trading Monday after all three major indexes logged their worst week in three months. The S&P 500 climbed about 0.7%, while the ...
Dow Futures Fall as Wall Street Anticipates Another Big Rate Hike From the Fed
Text size AFP via Getty Images Stock futures traded lower Monday in a week that is expected to see the Federal Reserve raise interest rates by another three-quarters of a point in its effort to stamp ...
Wall Street Rush Into Single-Stock ETFs Takes Risky Foreign Turn
(Bloomberg) — Wall Street watchdogs already concerned about the risks of single-stock ETFs won’t like what’s coming next: funds offering exposure to individual foreign shares unbound by US listi...
Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects
Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip...