Content Types
- Market
UK Government Tax Cuts Are Credit Negative, Moody’s Says
By Xavier Fontdegloria The series of large tax cuts and increased spending outlined by the U.K. government is fueling a…
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U.S. stock futures point to losing streak hitting seven after Treasury yield hits 4%
U.S. stock futures on Wednesday showed Wall Street in danger of recording a seven-day losing streak as worries about rising…
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Cathie Wood’s ARK dips into private investments
Cathie Wood’s ARK Investment Management on 27 September debuted the ARK Venture Fund, the firm’s first foray into private investments.…
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Wall Street pays $1.8bn in fines after traders use banned messaging apps
Eleven of the world’s largest banks and brokerages will collectively pay $1.8bn in fines to resolve regulatory investigations over their…
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German consumer sentiment expected to hit record low in October
Consumer confidence in Germany is set to fall in October to an all-time low as income expectations plunge due to…
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Stuart Kirk slams coal divestments as ‘immoral’ in latest spat with ex-employer HSBC AM
HSBC Asset Management’s former responsible investing boss Stuart Kirk, who quit in July amid controversial comments he made on climate…
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Oracle to Settle SEC Foreign Bribery Charges For the Second Time
A building housing Oracle’s offices in Hyderabad, India. The company’s $23 million settlement follows a settlement in 2012. Photo: Dhiraj…
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Wall Street’s ‘fear gauge’ might hold the key to the timing of the next market rebound. Here’s why.
Now that the Dow Jones Industrial Average has joined the S&P 500 in bear-market territory, U.S. stocks appear poised for…
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KPMG junior in Carillion forgery case should have questioned orders, tribunal says
Former KPMG accountant Pratik Paw should have questioned the “highly unusual” instructions he received from his superiors to create meeting…
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U.S. home prices fell in July, as mortgage rates approach 7%
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise slowed to 16.1% year-over-year in July, a lower rise…
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Celsius boss Alex Mashinsky quits amid flood of crypto executive resignations
Celsius chief executive Alex Mashinsky has quit his job months after the embattled crypto lender filed for chapter 11 bankruptcy…
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Harley spinoff LiveWire’s stock surges in NYSE debut
The new shares of LiveWire Group Inc. charged higher Tuesday as investors prepped for the debut of electric-motorcycle company on…
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Brands Review Data Privacy Policies After $1.2 Million Sephora Settlement
More marketers are taking notice of California’s data privacy laws after the state said last month that cosmetics retailer Sephora…
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NASA’s successful DART asteroid collision lifts space stocks
The successful collision of a NASA spacecraft with an asteroid lifted space sector stocks before market open Tuesday. The vending-machine…
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Gilt yields fall from four-decade surge as Treasury tries to calm bond markets
UK government bonds rallied strongly on 27 September, forcing yields down from multi-year highs, as the selloff sparked by the…
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Jupiter’s new chief plans restructure to revive struggling asset manager
The incoming chief executive of Jupiter Asset Management has told staff that the FTSE 250-listed group will undergo a restructuring…
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Boutique Qatalyst Partners pays London dealmakers £1.3m after bumper year
A boutique investment bank specialising in big-ticket technology deals paid a handful of London-based dealmakers an average of £1.3m last…
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Qualcomm CFO Focuses on Investing in Budding Automotive Business
Qualcomm Inc.’s finance chief Akash Palkhiwala is weighing how much to allocate toward the company’s growing automotive-chip business as consumer…
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Goldman Sachs’ European ECM and leveraged finance team hit hardest by layoffs
Goldman Sachs’ equity capital markets and leveraged finance teams bore the brunt of its latest cut-backs in its European investment…
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Freetrade turns to crypto for European growth, plans to break even in 2024
Freetrade has set its sights on cryptocurrencies as part of a push into Europe, as the well-known trading app plans…
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FCA COO Emily Shepperd: ‘I’m someone who likes to run towards fires’
Emily Shepperd is one of FN’s 100 Most Influential Women in Finance 2022. The list will be published on 17 October here. The…
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Helena Morrissey to step down as AJ Bell chair over CEO succession
Baroness Helena Morrissey has stepped down as chair of online investment platform AJ Bell after less than a year in…
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FTX wins auction to acquire bankrupt crypto firm Voyager with $1.42bn bid
FTX has won an auction to acquire bankrupt cryptocurrency lender Voyager Digital with a bid valued at $1.42bn. The valuation comprises $1.31bn…
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UK funds industry assets top £10tn, but trade body warns over future growth
The trade body representing UK asset managers has warned that the pace of growth that helped to buoy industry assets under…
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Crédit Agricole subsidiaries to settle alleged US sanctions breaches
Two subsidiaries of French bank Crédit Agricole’s corporate and investment banking arm have agreed to pay more than $1.12m in civil penalties…
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Cyberattack on InterContinental Hotels Disrupts Business at Franchisees
A cyberattack on InterContinental Hotels Group PLC disrupted business at franchisees this month, leaving a trail of angry customers, lost…
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Pfizer and BioNTech seek authorization of omicron-targeted booster for children aged 5 to 11
Pfizer and German partner BioNTech said Monday they’re seeking Food and Drug Administration authorization for their omicron-targeting bivalent vaccine for…
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Stock market ‘on cusp’ of important test: Watch this S&P 500 level if 2022 low gives way, says RBC
The S&P 500 is approaching an important level to watch beyond its 2022 low, as investors anticipate a spike in…
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Are you tempted to buy AMC’s new APEs? Be prepared to lose everything, the company warns
Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the…
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HSBC trims UK investment bankers as layoffs pick up pace
HSBC has trimmed front-line staff from its investment bank in the UK, as a dealmaking slump this year is set…
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Can Liz Truss’ mini-budget really revive UK business?
Joseph C. Sternberg is a member of the Wall Street Journal’s editorial board and the political economics columnist The UK’s…
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Fund managers urge BoE action as potential rates announcement imminent
Fund managers are concerned about the high level of borrowing needed to fund the UK government’s multi-billion pound tax cut…
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Credit Suisse set to roll out new retention bonuses for UK dealmakers
Credit Suisse is set to extend retention bonuses to a select band of senior dealmakers in London in a bid…
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U.K. gilt yields surge, with 10-year moving past 4%, as investors bet on aggressive Bank of England action to tame tax cuts
U.K. bond yields surged on Monday for a second day, as investors bet the Bank of England will have to…
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Treasury yields rise to new cycle highs as U.K. gilts slump
U.S. benchmark bond yields rose to fresh cycle highs on Monday, as worries about more debt supply sparked a rout…
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Pound hits record low after tax-cut plan sparks sell-off
The British pound fell to a record low against the dollar in early Asian trade on 26 September as selling continued…
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British pound hits record low, then pares losses, as investors react to tax-cut plan
The British pound hit new lows of $1.0349 against the U.S. dollar in the early hours of Monday but has…
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Fidelity investors to choose between robo advisor and human-cyborg hybrid
Fidelity Investments has offered investors two distinct flavours of robo-advice: a purely digital investment management service called Fidelity Go; and…
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Banker bonus cap scrapped as Kwarteng reveals ‘growth plan’
Chancellor Kwasi Kwarteng has confirmed the government will scrap the cap on banker bonuses. “A strong UK economy has always…
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10,000 Black Interns picks former Great Britain swimmer as new CEO
Former professional swimmer Rebecca Achieng Ajulu-Bushell has been named chief executive of 10,000 Black Interns, an organisation that is striving to…
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Truss’s energy plan could take the pound to breaking point
Gene Frieda, a global strategist at PIMCO, is a senior visiting fellow at the London School of Economics Thirty years…
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U.S. stock futures dip, dollar rises as Italian election results add to uncertainty
U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added…
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Here’s what Italy’s elections will mean for bonds, the euro and banks
As if Europe hasn’t got enough on its plate — war in the East, rampant inflation and an energy crisis…
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Goldman to cut poor performers in annual cull
In a return to pre-pandemic practice of hiving off low-performing staffers from the bank, Goldman Sachs is set for a…
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Why Liz Truss’s brutal sacking of Tom Scholar could further alienate an angry civil service
It is hard to overstate the anger in the senior ranks of the civil service at the summary sacking of…
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JPMorgan’s Daniel Pinto says banks need to be ‘very careful’ about cutting dealmaker jobs
The head of JPMorgan’s investment bank said banks need to be “very careful” about making deep cuts to dealmakers, even…
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Why the City needs a refresh on its relationship with the EU
Nicolas Mackel is the CEO of Luxembourg for Finance, the development body for the country’s financial centre. All over the…
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Barclays CEO Venkat sees trading boom fading next year
Barclays’ chief executive warned that the boom in trading revenue that has helped banks offset a slump in dealmaking fees…
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Why EY’s split of audit and consulting arms will be messy
Ernst & Young’s tax experts bring in lots of cash and are highly valued by the firm’s clients. Many members…
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Brooks Macdonald hikes pay for low earners to combat cost-of-living crisis
Wealth manager Brooks Macdonald has given its lowest earners a £1,000 pay rise, as pressure ramps up on the City…
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