Wall Street

Artificial Intelligence

Anthropic’s IPO Stares Down a Wobbly AI Trade

Photo via Andrew Leyden/ZUMAPRESS/Newscom

Reports surfaced earlier this month that the frontier AI lab may lower its target valuation, from $2 trillion to $1.5 trillion.

2 min read

Photo via Andrej Sokolow/dpa/picture-alliance/Newscom

Big Tech

Meta’s Muse Is Everywhere and Nowhere in Latest Earnings Result

Deutsche Bank analyst Benjamin Black recently predicted that Muse’s 2030 revenue could range anywhere from $2.4 billion to $36 billion.

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

Banking

Morgan Stanley’s Wealth Management Focus Is Paying Off

Morgan Stanley’s wealth management business had a record third quarter, boosted by IPOs and the rising stock market.

2 min read
Photo via Thomas Imo/picture alliance / photothek.de/Newscom

Inflation & Prices

As Soaring Energy Prices Boost Inflation, Refiners Have Become Money Machines

A 9.1% jump in gasoline prices from a month earlier accounted for more than half of the 0.6% monthly increase in all prices from August.

2 min read

Banking

Wall Street’s Big Gains Met with Muted Reception

Photo via Gina M Randazzo/ZUMAPRESS/Newscom

JPMorgan, Citi Wells Fargo and Goldman Sachs reported that their collective profits were up 14% year over year to $32 billion.

2 min read

Finance

Ackman’s Pershing Touts Value Investing Amid Bid to Stir Demand for Funds

Photo via Lev Radin/ZUMAPRESS/Newscom

Pershing took on six new holdings in the second quarter including Netflix, Mastercard and Visa, eye care firm Alcon, and S&P Global.

1 min read

Industrials

Bulls Dominate Wall Street’s Analysis of SpaceX

Photo by SpaceX via Unsplash

Opinions ranged from “bullish” to “extremely bullish” among the four big banks that led the SpaceX IPO, as each initiated coverage on Tuesday.

2 min read

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