Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Is Wall Street ready to stay up all night?

The New York Stock Exchange is looking to trade for 22 hours a day — raising thorny questions about how equity markets function

Financial Times - 10h

Maine’s Billion-Dollar Lobster Economy Is in Trouble. Kelp Could Help

As the gulf of Maine heats up, lobsters are migrating north.

Inc. - 1d

Why more Wall Street firms are growing worried

The stock market is extremely overvalued

MarketWatch - 3d

Why China's DeepSeek shocked Wall Street

News of DeepSeek, a Chinese artificial intelligence company, have impacted tech stocks in the U.S. as fears emerge that it could rival OpenAI's ChatGPT. CBS MoneyWatch correspondent Kelly O'Grady ...

CBS News - 3d

A $35 Billion Loan Project, Led by World Bank, Aims to Expand Electricity in Africa

Some $35 billion is aimed at building small solar sites in rural areas and other improvements. The World Bank chief called the project “foundational to everything.”

The New York Times - 3d

Big tech is spending billions on AI. How much time will Wall Street allow for the payoff?

Earnings Watch: Meta, Apple, Microsoft and Tesla report quarterly results, as analysts start to focus more on AI results. Earnings are also due from Starbucks and Boeing.

MarketWatch - 5d

Wall Street Banks Set to Sell $3 Billion in X Loans, Sources Say

The sale will reportedly take place next week.

Inc. - 5d

WH Smith in talks to sell high street stores

The business says it is exploring a possible sale as its travel retail business arm accounts for most of its profits.

BBC News - 5d

SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto

SEC rescinds controversial rule in latest pro-crypto measure taken by new Trump administration.

CNBC - 6d

US securities regulator opens door for Wall Street banks to hold crypto

Securities and Exchange Commission overturns guidance that made it costly to hold digital assets for clients

Financial Times - 6d

With Trump digital coins, billions of dollars — and crypto's credibility — are at stake

The creation of billions of dollars of digital wealth for the Trump Organization started with a social media post Friday.

NBC News - Jan. 21

Charles Schwab hints at stock buybacks after beating Wall Street estimates

Charles Schwab also beat Wall Street’s fourth-quarter earnings estimate and reversed a revenue decline from the year-ago quarter.

MarketWatch - Jan. 21

‘Animal spirits alive’ as Wall Street bankers anticipate Trump boom

US president is expected to slash financial controls and prompt wave of dealmaking. Wall Street bankers say they are at the beginning of “go mode” as they expect Donald Trump’s return to the White ...

The Guardian - Jan. 21

The Dodgers Won the World Series. Then They Spent Nearly Half a Billion Dollars.

It’s been 25 years since an M.L.B. team won back-to-back titles, but Los Angeles is unfazed.

The New York Times - Jan. 21

‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics

Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch. It all started in spring 2019, in a secret office on the seventh floor of ...

The Guardian - Jan. 21

Musk complains about China ban on X as Trump prepares TikTok reprieve

Tesla chief criticises ‘unbalanced’ tech relationship in rare criticism of Beijing

Financial Times - Jan. 20

Lofty expectations pose tough earnings test for Wall Street

Strong results from $25tn worth of companies needed to help drive rally after shaky few weeks for S&P 500

Financial Times - Jan. 18

How the bonus season now unfolds on Wall Street

The past dramas of ‘comp days’ have given way to more sanitised procedures

Financial Times - Jan. 17

Wall Street Has No Clue What the Fed Will Do in 2025

Big banks and economists can’t agree on the monetary policy outlook.

Inc. - Jan. 17

Wall Street banks had a great quarter, and the boom times are just starting

JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.

CNBC - Jan. 16

Canada Readies Billions of Dollars in Retaliatory Moves to Trump Tariff Threat

The government is preparing for the possibility that the incoming U.S. administration will impose high tariffs on Canadian goods, setting the close allies up for a showdown.

The New York Times - Jan. 16

Billion-dollar video game: is this the most expensive piece of entertainment ever made?

How player-funded development launched a multiplayer game of galactic proportions – and costs – in Star Citizen. How much does it cost to make a video game? The development expenses of blockbuster ...

The Guardian - Jan. 16

Wall Street stocks post biggest rally since Trump’s election victory

Easing underlying US inflation and strong bank earnings boost equities

Financial Times - Jan. 15

Retailers post early holiday results — and Wall Street isn’t impressed

Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie's growth is slowing.

CNBC - Jan. 13

Big US banks set for $31bn quarterly profit as Wall Street business booms

Trading activity boosted in final quarter of 2024 by Donald Trump’s election win

Financial Times - Jan. 13

Wall Street looks forward to a bonfire of capital and climate rules under Trump

Profits are poised to dominate in a new era shorn of years of hard-won regulatory restrictions. When some of the biggest banks on Wall Street reveal their full-year earnings this week, they will ...

The Guardian - Jan. 11

Wall Street gets off to a bumpy start to 2025. How investors can prepare for more volatility ahead.

A sharp selloff in the world’s largest bond market sent shockwaves through the U.S. financial markets this week, leaving investors to ponder if that choppiness will persist throughout the new year.

MarketWatch - Jan. 10

A $28 Trillion Corner of Wall Street Is Flashing a Warning About the U.S. Economy

Bond yields have surged since the Fed began cutting interest rates.

Inc. - Jan. 9

China steps up defence of renminbi against Wall Street bets

Currency softens over weakness in world’s second-largest economy and fear of Trump tariffs

Financial Times - Jan. 9

Asia's central banks face a formidable challenge: An ascendant U.S. dollar

A surge in the dollar has sent Asian currencies reeling, stoking worries over imported inflation and prompting some central banks to intervene in the currency market.

CNBC - Jan. 9

What a Wall Street analyst gets wrong about Apple in rare sell call on the stock

MoffettNathanson downgraded shares of the iPhone maker to sell from hold Tuesday.

CNBC - Jan. 7

Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator

With Barr's resignation, a more precise image of incoming bank deregulation is forming.

CNBC - Jan. 7

Exodus by Wall Street Banks From Climate Group Worries Advocates

The end of the year saw five of the six largest U.S. banks leave the Net-Zero Banking Alliance, as conservative pressures discouraged their climate change policies.

Inc. - Jan. 6