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RBC warns US recession risk remains high; equities vulnerable
NEWS INDUSTRY NEWS JAN 02, 2024
RBC warns US recession risk remains high; equities vulnerable

RBC Global Asset Management economist says positive outcome relies on US soft landing.

New Year, same old concerns as markets open
INVESTING EQUITIES JAN 02, 2024
New Year, same old concerns as markets open

China data and oil among key issues making traders cautious.

US consumer debt nearing pre-pandemic levels, says Bernstein
NEWS INDUSTRY NEWS JAN 02, 2024
US consumer debt nearing pre-pandemic levels, says Bernstein

Biden administration economic expert says people's finances are 'in quite good shape' despite cost of debt.

Musk back on top as world's wealthiest gain $1.5T
NEWS INDUSTRY NEWS JAN 02, 2024
Musk back on top as world's wealthiest gain $1.5T

2023 was a good year for the richest on the planet, especially the tech focused.

Markets await US inflation data for rate cut signal
NEWS INDUSTRY NEWS DEC 22, 2023
Markets await US inflation data for rate cut signal

Personal consumption expenditure gauge is expected to decrease.

Why are large investors returning to bank stocks now?
NEWS INDUSTRY NEWS DEC 22, 2023
Why are large investors returning to bank stocks now?

Fidelity, Wilmington among the institutions loading up on financial stocks.

Zero-day options not to blame for sell-off, says Cboe
NEWS INDUSTRY NEWS DEC 22, 2023
Zero-day options not to blame for sell-off, says Cboe

Exchange says hedging activity more likely to be a stabilizer.

Elon Musk slams indexing, regulators in public markets rant
NEWS INDUSTRY NEWS DEC 22, 2023
Elon Musk slams indexing, regulators in public markets rant

Speaking to Cathie Wood, the billionaire also criticized shareholders.

Investors should prepare to buy the dip as rally eases
NEWS INDUSTRY NEWS DEC 21, 2023
Investors should prepare to buy the dip as rally eases

Strategists see potential of 8.5% gain for S&P 500 by end of 2024.

Citigroup to exit distressed debt business
NEWS INDUSTRY NEWS DEC 21, 2023
Citigroup to exit distressed debt business

Wall Street firm is undertaking restructuring to revive investor confidence.