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Stock rally loses steam as AI darling Nvidia enters correction territory
NEWS INDUSTRY NEWS JUN 24, 2024
Stock rally loses steam as AI darling Nvidia enters correction territory

After a Cinderella run to become the most-expensive S&P 500 stock, the chipmaking colossus plunged nearly $400B.

Could high rates last forever? Bond markets think so
NEWS INDUSTRY NEWS JUN 24, 2024
Could high rates last forever? Bond markets think so

While the Fed is expected to cut once this year, the future is less certain.

Is a dairy cabinet product about to spark surge for makers?
NEWS INDUSTRY NEWS JUN 24, 2024
Is a dairy cabinet product about to spark surge for makers?

Ozempic-led obesity-treatment craze boosting demand for other products.

Crypto cracks emerge as Bitcoin suffers second-worst week of 2024
NEWS INDUSTRY NEWS JUN 24, 2024
Crypto cracks emerge as Bitcoin suffers second-worst week of 2024

Fed rates speculation is weakening cryptocurrency market sentiment.

Fed finds chinks in Wall Street banks' living wills
NEWS REGULATION AND LEGISLATION JUN 21, 2024
Fed finds chinks in Wall Street banks' living wills

BofA, Citi, Goldman, and JPMorgan must take remedial action on "shortcomings" in wind-down plans, finds regulators.

SEC actions hint at looming "AI washing" crackdown
INVESTING ESG JUN 21, 2024
SEC actions hint at looming "AI washing" crackdown

Recent moves against issuing firms and money managers show some parallels to the regulator's early crypto focus.

BofA says Nvidia drove $8.7B inflows to tech funds
NEWS INDUSTRY NEWS JUN 21, 2024
BofA says Nvidia drove $8.7B inflows to tech funds

But asset allocators are concerned about concentration.

Boost for bonds as European data suggests rate cuts
NEWS INDUSTRY NEWS JUN 21, 2024
Boost for bonds as European data suggests rate cuts

Traders are expecting the ECB to ease monetary policy.

Former Fed president Bullard is bullish on rate cuts
NEWS INDUSTRY NEWS JUN 21, 2024
Former Fed president Bullard is bullish on rate cuts

James Bullard says CPI data supports September easing.

Citi's wind-down plan doesn’t make the grade, says FDIC
NEWS INDUSTRY NEWS JUN 21, 2024
Citi's wind-down plan doesn’t make the grade, says FDIC

Regulator's board voted that the bank’s plan is deficient.