Finance

Finance

Ken Griffin’s Citadel Securities Has Some Tips for SEC

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Top of the list is a warning over the rise of 24-hour trading, just as the Nasdaq and the New York Stock Exchange pursue it.

1 min read

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Banking

UBS Quarterly Profit Doubles Market Forecast

UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.

2 min read
Photo by Ryan Sharpe via CC BY-SA 4.0

Banking

Canada’s Scotiabank Stakes Out $2.8 Billion in US Lender KeyCorp

Canada’s Scotiabank, one of the country’s big six lenders, announced Monday that it bought a 14.9% stake in US regional lender KeyCorp.

1 min read
Photo by Jason Briscoe via Unsplash

Markets

Growth is No Longer Just for Tech Megacaps

S&P 500 stocks — excluding the Magnificent Seven — are on pace to deliver their first profit growth since the fourth quarter of 2022.

1 min read

Finance

Buffett’s $300B Cash Pile, Fed by Apple, Spurs Investment Guessing Game

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Buffett acolytes are primed to be receptive to new ideas after Berkshire’s more contrarian bets over the last decade have proven prescient.

2 min read

Finance

Why Stock Exchanges Want a Piece of Texas, ‘The Wall Street of the South’

Photo illustration by Connor Lin / The Daily Upside, Photos by Andrey Krav via iStock and Muhammad Abdullah via Freepik

5 min read

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Markets

Key Indicators Send Markets Into ‘Recession’ Chatter

Friday ended with the main indices in Asia, Europe, and New York pointing down in unison, the Nasdaq even entering correction.

2 min read
(Photo Credit: Serba Sembilan/Flickr)

Finance

Berkshire Hathaway Takes a Steps Back from Apple, Builds Cash Pile

Berkshire Hathaway slashed its stake in Apple by nearly 40%, helping grow the Omaha company’s cash pile to more than $270 billion.

1 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

Finance

How Will Wall Street’s AI Experiment End?

Like money, artificial intelligence never sleeps. Financial institutions have pulled out all the stops to fit AI into their own operations.

5 min read

Economics

Dollar Takes a Bruising From Trump’s Jabs at Fed Chair

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The US dollar hit a three year low against a basket of currencies Monday, highlighting investor concerns about US assets.

2 min read

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