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Nikkei smashes 1989 record to enter uncharted territory
NEWS INDUSTRY NEWS FEB 22, 2024
Nikkei smashes 1989 record to enter uncharted territory

Asian tech stocks are rallying and Japan’s equities are on fire.

One of Wall Street's highest-flying women is reportedly quitting
NEWS BROKER DEALERS FEB 22, 2024
One of Wall Street's highest-flying women is reportedly quitting

Goldman Sachs executive had been tipped for CFO and other top roles.

Regulatory change could bring 'thousands' of new ETFs
INVESTING ETFS FEB 21, 2024
Regulatory change could bring 'thousands' of new ETFs

A number of other asset managers have asked the SEC to allow them to replicate the fund model, used exclusively by Vanguard for more than two decades, that lets an ETF be listed as a share class of a broader mutual fund.

Biden administration cancels $1.2B of federal student loans
NEWS INDUSTRY NEWS FEB 21, 2024
Biden administration cancels $1.2B of federal student loans

The move wipes out loans for those who borrowed less than $12,000 for their higher education.

Citi boosts CEO Jane Fraser's pay to $26M
NEWS BROKER DEALERS FEB 21, 2024
Citi boosts CEO Jane Fraser's pay to $26M

The increase comes after Fraser initiated what's billed as the largest reworking of Citigroup in decades.

Emerging-market stocks set to erase losses as valuations entice investors
NEWS INDUSTRY NEWS FEB 21, 2024
Emerging-market stocks set to erase losses as valuations entice investors

After a $1 trillion wipeout, emerging markets are back in favor.

Hedge funds have cut back on Magnificent Seven holdings
INVESTING EQUITIES FEB 21, 2024
Hedge funds have cut back on Magnificent Seven holdings

Funds were net sellers of big tech stocks in the fourth quarter.

'The most important stock on planet Earth,' according to Goldman
INVESTING EQUITIES FEB 21, 2024
'The most important stock on planet Earth,' according to Goldman

Wall Street firm's trading desk says this one stock's earnings could shake up financial markets.

HSBC commits to slashing carbon footprint in capital markets
INVESTING ESG FEB 21, 2024
HSBC commits to slashing carbon footprint in capital markets

The global banking group becomes one of the first to set targets.

Gensler cites risks where banks and non-banks meet
NEWS REGULATION AND LEGISLATION FEB 20, 2024
Gensler cites risks where banks and non-banks meet

The SEC chair talks about the outlook for implementing the rest of his regulatory agenda.