Nvidia hit $2 trillion in market value on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom.
Middle East sovereign funds spent almost $89 billion globally last year, with deal makers using their wealth to diversify their economies and win geopolitical influence
In a retrenchment expected to be followed by other leading Wall Street firms, Salomon Inc. said yesterday that it would dismiss 12 percent of its work force, close its municipal bond department and re-examine its space needs in New York City and arou
A new article in The Guardian details the enthusiasm among the masters of Wall Street for the wars in Gaza (and Ukraine), issuing "buy" orders all around for US weapons manufacturer stocks.
American investors have been taken for a trillion-dollar ride by naked short sellers, in what could turn out to be the biggest financial regulatory scandal in North American history.
Rates are expected to stay higher for longer, an idea Fed officials have tried to get the market to accept and which investors are only now beginning to absorb.
The trend of higher-for-longer yields remained intact on Monday, despite the fact that traders still expect the U.S. central bank to be approaching the end of its rate-hike campaign and reaching its so-called terminal level for interest rates.
Michael Burry, the investor who predicted the 2008 housing crash and was the subject of the "Big Short" movie, has bet more than $1.6 billion on a Wall Street crash.
More companies are defaulting on their debt. So traders at banks and hedge funds are jumping back into the market for individual companies' credit-default swaps, or CDS, to insure against default.
Last week, Fitch Ratings downgraded the US's long-term credit rating from AAA to AA+. While the downgrade won't significantly impact the US government's ability to borrow, it should serve as a wake-up call because there is a much bigger problem
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