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Billionaire Branson's SPAC deals have cost him dearly
NEWS INDUSTRY NEWS APR 09, 2024
Billionaire Branson's SPAC deals have cost him dearly

British entrepreneur's net worth has tumbled around $5 billion.

Bonds drop as traders ease expectations for rate cuts
NEWS INDUSTRY NEWS APR 08, 2024
Bonds drop as traders ease expectations for rate cuts

Two cuts now seen as the most likely Fed action.

Another new high for gold ahead of US inflation data
INVESTING ALTERNATIVES APR 08, 2024
Another new high for gold ahead of US inflation data

Stats will be revealed later this week.

Up to 26M Americans could get student debt relief under new plan
NEWS INDUSTRY NEWS APR 08, 2024
Up to 26M Americans could get student debt relief under new plan

President Biden hopes his alternative plan will pass scrutiny.

Wall Street looks to Europe for outperforming equities
INVESTING EQUITIES APR 08, 2024
Wall Street looks to Europe for outperforming equities

Goldman, Citi among those suggesting cyclical stocks will deliver.

Treasury yields rise as jobs report trims rate-cut expectations
INVESTING FIXED INCOME APR 05, 2024
Treasury yields rise as jobs report trims rate-cut expectations

Traders pushed back when they foresee the Fed cutting rates after a stronger-than-expected March payrolls report.

Morgan Stanley economist says Fed will cut in June
NEWS INDUSTRY NEWS APR 05, 2024
Morgan Stanley economist says Fed will cut in June

Ellen Zentner says May will be too soon but June should be right.

Cash fund flows won't ease until one year after rate cuts: BofA
NEWS INDUSTRY NEWS APR 05, 2024
Cash fund flows won't ease until one year after rate cuts: BofA

Strategist Michael Hartnett says history suggests a 12-month lag.

Boom and bust for oil? Crude set for $100
NEWS INDUSTRY NEWS APR 05, 2024
Boom and bust for oil? Crude set for $100

OPEC+ may be risking a repeat of 2023's narrative.

Just say no to Goldman’s executive comp plan, investors urged
NEWS BROKER DEALERS APR 04, 2024
Just say no to Goldman’s executive comp plan, investors urged

Proxy voting firm cites ‘significant disconnect between pay and performance’ following CEO Solomon’s $31 million payday.