Finance

Markets

But Wait, There’s More: IPOs Notch Standout Quarter as Giant Debuts Loom

Photo via San Antonio Express-News/ZUMAPRESS/Newscom

SpaceX’s IPO, which is gearing up to be one of largest-ever public listings, could ignite an explosion of other listings in its plume.

2 min read

Photo via Richard B. Levine/Newscom

Finance

Why Loosening Rules for Day Traders Is a Victory for Brokers

Traders with less than $25,000 in assets in their margin accounts had been banned from making more than four trades across a five-day period.

1 min read
Photo via Vernon Yuen/ZUMA Press/Newscom

Banking

Rising Market Risk Drives Wealth Management Windfalls for Morgan Stanley, BofA

Revenue at Morgan Stanley’s wealth business grew 16% year-over-year to $8.5 billion, and net income rose 34% to $2.1 billion.

1 min read
Photo via Dickson Lee/SCMP/Newscom

Banking

Citigroup Surges as Fraser’s Overhaul Yields 42% Profit Growth

CEO Jane Fraser, who took over in 2021, has won plaudits for executing a multi-year reordering of the bank’s sprawling global structure.

2 min read

M&A

United Airlines Floats Marriage of Giants with American amid Skyrocketing Jet Fuel Costs

Photo via Edna Leshowitz/ZUMAPRESS/Newscom

American Airlines, United, Delta and Southwest represent a whopping 75% share of the US aviation market, according to aviation data firm OAG.

1 min read

Photo via IMAGO/Nicolo Campo/Newscom

Banking

Lackluster Fixed-Income Revenue Dulls Bright Quarter for Goldman Sachs

The fixed-income, currencies and commodities business generated revenue of just $4 billion in Q1, a 10% decrease from a year ago.

2 min read
Photo via Richard B. Levine/Newscom

Banking

Wall Street Predicts Record Trading Revenue amid Market Jitters

The upbeat earnings reports Wall Street expects from the largest US banks are once again being overshadowed — this year, by the Iran War.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Ljupco and Frentusha via iStock and Freepik

Real Estate

Wall Street Bonus Bonanza Flows Into US Real Estate Markets

A record year for Wall Street bonuses is driving real estate investment, from luxury coastal property to workforce housing in the heartland.

5 min read

Big Tech

Goldman Sachs Spots Buying Opportunity in Bruised Big Tech

Photo via JOHN ANGELILLO/UPI/Newscom

The Roundhill Magnificent Seven ETF, which tracks Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, has slid roughly 11% this year.

2 min read

Finance

Blue Owl Slams Brakes on Redemptions at Two Funds as Private Credit Worries Mount

Photo via Richard B. Levine/Newscom

Investors asked to yank 21.9% from Blue Owl’s $20 billion Credit Income Corp. fund between January and March.

2 min read

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