Bloomberg

Bloomberg
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Equities heading to fifth weekly gain following Fed comments
INVESTING EQUITIES DEC 15, 2023
Equities heading to fifth weekly gain following Fed comments

Likelihood of a soft landing for the US economy sparked a market frenzy.

Citi shuts once-envied muni business
NEWS BROKER DEALERS DEC 15, 2023
Citi shuts once-envied muni business

Wall Street firm says the unit is no longer viable.

Key European economy looks set for recession
NEWS INDUSTRY NEWS DEC 15, 2023
Key European economy looks set for recession

Euro zone stats are defying hopes of recovery.

China's growth outlook is not looking good
NEWS INDUSTRY NEWS DEC 15, 2023
China's growth outlook is not looking good

Beijing may be forced to increase stimulus for the world's second largest economy.

B. Riley faces investors after deals, profits, stock go sour
NEWS BROKER DEALERS DEC 14, 2023
B. Riley faces investors after deals, profits, stock go sour

Its shares have plunged by more than half since mid-July, driven by the falling value of its investment holdings and weak M&A markets that led to a $75.8M quarterly loss.

Envestnet exploring sale of Yodlee
YOUR PRACTICE FINTECH DEC 14, 2023
Envestnet exploring sale of Yodlee

The data aggregation firm was purchased by Envestnet in 2015 for about $590 million.

Wall Street traders agree that policy pivot is ahead in 2024
INVESTING FIXED INCOME DEC 14, 2023
Wall Street traders agree that policy pivot is ahead in 2024

Broad consensus expects soft landing for US economy.

Goldman now expects faster and deeper Fed rate cuts
NEWS BROKER DEALERS DEC 14, 2023
Goldman now expects faster and deeper Fed rate cuts

Economists believe core inflation will return to target by end of 2024.

IEA says oil demand is slowing sharply
NEWS INDUSTRY NEWS DEC 14, 2023
IEA says oil demand is slowing sharply

Agency says key countries are showing signs of economic slowdown.

Apple's market value almost as big as France's stock market
INVESTING EQUITIES DEC 14, 2023
Apple's market value almost as big as France's stock market

The firm's rally continues seemingly unabated.