The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. “The headwind from higher mortgage rates has already been visible Read more
Tag: security brokering
Top U.S. banking regulator warns of ‘cross-contagion’ between crypto, traditional financial system
The foremost U.S. federal banking regulator put the digital-asset industry on notice Tuesday, warning in a speech that he plans a skeptical stance toward attempts to integrate crypto and the Read more
JPMorgan, Citi, Morgan Stanley and Wells Fargo kick off bank earnings season in choppy waters
JP Morgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Morgan Stanley kick off the third-quarter bank earnings reporting season on Friday, Oct. 14 amid some of the Read more
U.S. companies, including PepsiCo, accused of ‘moralwashing’ in statements about Russia
A host of companies has been accused of making statements about Russia that “look better than their actions,” according to the Moral Rating Agency. The Moral Rating Agency has published Read more
Private companies pivot to conserve cash to await eventual opening up of IPO market
Private equity and venture capital-backed companies are faced with conserving cash and shoring up costs in the choppy stock market of 2022, as capital from initial public offerings and syndicated Read more
Rising interest rates, economic slowdown and higher unemployment will drive U.S. households to sell more stocks in 2023: Goldman Sachs
U.S. households, the largest buyer of stocks since 2020, are expected to sell more equities in 2023 due to slowing growth in the economy and rising unemployment, according to Goldman Read more
Stocks and bonds are ‘discounting for a disaster’ after the worst stretch for investors in 20 years
Things could always get worse. The S&P 500 index SPX, -1.51% on Friday cemented its worst monthly percentage fall since the pandemic lockdowns of March 2020, but also joined the Read more
Robinhood releases crypto wallet with Polygon for select users
Trading app Robinhood Markets Inc. has finally rolled out a noncustodial crypto wallet to 10,000 beta users on its wait list, the company announced on Tuesday morning. The product, called Read more
Goldman Sachs readies $300 million in M&A deals with fresh pool of private capital
Goldman Sachs Group Inc. said Tuesday it raised $9.7 billion in commitments for its private-equity fund West Street Capital Partners VIII LP, its largest buyout fund since 2007. Managed by Read more
Goldman Sachs turns bearish on stocks, while BlackRock says ‘shun most equities’
It’s been raining caution on Wall Street, with Goldman Sachs and BlackRock the latest big names to turn cool on equities. Days after cutting their year-end S&P 500 index target Read more