Wall Street

Wall Street banks cut more than 5,000 jobs even as they notch record profits

The banks’ willingness to trim headcount shows they are eyeing AI to help them do more with less

Stock-index futures for Wall Street gauges rose more than 2.5%, and European contracts surged 5.3%.

Stocks and bonds jump as oil’s plunge lifts mood

For the cross-asset relief rally to hold, traders will need confirmation that the ceasefire will last, analysts say

The arc of relief, disappointment, panic and relief is the pattern that has defined this war for markets.

Wall Street money managers hunker down as Iran war rages on

[NEW YORK] Five weeks of war with Iran have wiped trillions off global stocks, pushed oil past US$100 and kept it there and repriced wagers on interest rates and inflation. 

The three indices had their biggest weekly rise in four months and the first week of gains in six.

US: Wall Street ends mixed as worries linger before Good Friday break

[NEW YORK] US stocks ended slightly mixed on Thursday (Apr 2) after paring deeper losses, as diplomatic signals from the Middle East helped calm markets rattled earlier by US President Donald Trump’s ...

Since the war in Iran began, the S&P 500 has lost 5.4%, the Nasdaq has declined 4.5% and the Dow is down nearly 7%.

US: Wall Street skids as Middle East turmoil fans inflation fear

[SAN FRANCISCO] Wall Street ended sharply lower on Friday (Mar 20), with the S&P 500 closing at its lowest in six months, as the US-Israeli war against Iran entered its fourth week, deepening worries ...

Shares of BlackRock, a US$14 trillion colossus of retail and institutional money, tumbled to their lowest since May, about two months before CEO Larry Fink (above) and other executives completed the HPS acquisition.  

BlackRock’s retail private-credit hopes run into market’s angst

Eight months after it bought HPS for US$12 billion, the money manager is facing a rush for the exits by some existing clients

AI threatens disruptions on a broader scale than the Internet boom.

Wall Street sees AI’s ‘creative destruction’ coming for entire companies

Economists see AI boosting long-term growth via productivity, but investors fear the interim fallout

The possibility of prolonged turmoil in the Middle East and the ripple effects of higher oil prices are giving money managers fresh reasons to sell equities and shift into safety.

Wall Street turns to ‘haven-first’ strategies amid Iran attacks

All eyes will be on energy markets when trading fully re-opens on Monday