Wall Street

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

The competition for top talent is pushing firms to reimagine the ways they distribute pay.

Bosses ditch ‘peanut-butter’ pay in favour of giving big raises to top talent

Stiff competition for standout talent is prompting more managers to reward the very best, while ignoring the rest

Stock pickers are finally having a moment after years of failing to keep up with a tech-driven rally.

Smart money is winning as tariff whiplash, AI grip Wall Street

[NEW YORK] A noisy, unsettled Wall Street is doing what years of simply owning the index rarely has: made the smart money look smart again.

The Dow Jones Industrial Average fell 12.4 points, or 0.03 per cent, at the open to 49,439.58.

US: Wall Street muted as markets assess softer-than-expected inflation data

[NEW YORK] Wall Street’s main indexes were muted on Friday (Feb 14), with communication services weighing as markets assessed softer-than-expected inflation data that kept Federal Reserve rate cut hop...

Many Americans struggle to buy homes amid high mortgage rates, rising prices, and a shortage of affordable new construction.

Trump decries a ‘nation of renters’ but his new policy promotes one

Trump’s executive order barring big investors from buying single-family homes exempts build-to-rent

Friday’s rallies in the S&P 500 and the Nasdaq follows three straight days of losses marked by worries about AI.

US: Dow closes above 50,000, Nvidia soars as traders focus on AI spending

[SAN FRANCISCO] The Dow Jones Industrial Average blew past the historic 50,000 mark on Friday (Feb 6) and the S&P 500 ended sharply higher, as Nvidia and other chipmakers soared and Amazon tumbled aft...