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UBS shares surge on Morgan Stanley upgrade
NEWS WIREHOUSES MAR 08, 2024
UBS shares surge on Morgan Stanley upgrade

The wirehouse's stock hit its highest level since 2008 after an analyst upgraded it to overweight, predicting a revival in deal-making.

US jobs report likely to mask cooling
NEWS INDUSTRY NEWS MAR 08, 2024
US jobs report likely to mask cooling

Bureau of Labor Statistics data expected to show concentration in limited sectors.

BofA data shows record weekly outflows for tech stocks
INVESTING EQUITIES MAR 08, 2024
BofA data shows record weekly outflows for tech stocks

Investors pulled $4.4 billion from the sector through March 6.

JPMorgan says one market is 'irreplaceable' for asset managers
NEWS INDUSTRY NEWS MAR 08, 2024
JPMorgan says one market is 'irreplaceable' for asset managers

The Wall Street stalwart sees 'great certainty for growth'

Higher taxes for the rich, corporations
NEWS INDUSTRY NEWS MAR 07, 2024
Higher taxes for the rich, corporations

White House to propose higher taxes, including quadrupling share buyback tax.

Goldman predicts $1T in S&P 500 share buybacks
INVESTING EQUITIES MAR 07, 2024
Goldman predicts $1T in S&P 500 share buybacks

Companies will move close to the milestone this year before surpassing it in 2025.

US bitcoin ETFs face demand test as volatility spikes
INVESTING ALTERNATIVES MAR 07, 2024
US bitcoin ETFs face demand test as volatility spikes

The cryptocurrency is swinging sharply, but will investors hold on?

UBS scraps Credit Suisse coal financing rollback
INVESTING ESG MAR 07, 2024
UBS scraps Credit Suisse coal financing rollback

Global asset manager will instead detail its own plan for climate change.

Fed can't cut until it's sure of inflation win, Powell says
NEWS INDUSTRY NEWS MAR 06, 2024
Fed can't cut until it's sure of inflation win, Powell says

The chair of the Federal Reserve tells lawmakers the central bank will lower rates 'at some point this year.'

Treasuries retreat as market awaits Fed, labor data
NEWS INDUSTRY NEWS MAR 06, 2024
Treasuries retreat as market awaits Fed, labor data

Investors will be watching the Fed chair's congressional testimony and the latest jobs data this week for clues about interest-rate cuts.