The Federal Reserve finally slashed interest rates, delivering a half-point cut — the high end of consensus expectations.
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Investors are pivoting away from the Magnificent Seven, favoring the rest of the S&P 500.
The S&P 500, having recovered all its losses from earlier this month, sits just less than 2% away from the all-time peak it reached in July.
Like money, artificial intelligence never sleeps. Financial institutions have pulled out all the stops to fit AI into their own operations.
Apple, Amazon, Microsoft and Meta all report earnings this week. Wall Street is dying for any hint that heavy investment in AI is paying off.
Artificial intelligence may be one of the fastest-growing tools in business, but don’t tell that to the compliance department.
Morgan Stanley’s performance was held down by its wealth management division and a Federal Reserve that is stuck in neutral on rate cuts.
CEO Larry Fink attributed the healthy performance to growth in private markets, retail active fixed income, and the company’s ETF business.
KPS Capital Partners sold Eviosys to Sonoco for $3.9 billion after paying $2.7 billion in 2021, a rare buyout windfall in 2024.
Going independent can be daunting, but the majority of advisors say the decision turned out to be the right one, according to the survey.
Wall Street’s biggest banks are increasingly working with mid-sized companies — much to the chagrin of mid-sized and boutique banks.
Two days after Apple unveiled its wave of artificial intelligence systems, the tech giant witnessed a massive share price rally.
Since 2008, funds with a short bias have seen assets decrease to $4.6 billion from around $7.8 billion.
The yield curve has now been inverted for around 400 trading sessions, and there’s no recession in sight. So what gives?
Despite some business “falling off a cliff” the CEO said other operations “should hopefully grow over time.”
But the ramped-up protectionist wave hasn’t extended to investor interest in new shares of Chinese companies.