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UBS plans cost cuts after $29B Credit Suisse windfall
NEWS WIREHOUSES AUG 31, 2023
UBS plans cost cuts after $29B Credit Suisse windfall

The firm is targeting 3,000 domestic job cuts and more than $10 billion in cost savings.

Stocks gain as investors take 'bad news is good news' approach
NEWS INDUSTRY NEWS AUG 31, 2023
Stocks gain as investors take 'bad news is good news' approach

Traders are hoping weaker data will stall the Fed's aggressive monetary policy.

Wall Street says these stocks are better than AI right now
INVESTING EQUITIES AUG 31, 2023
Wall Street says these stocks are better than AI right now

Analysts highlight expected return of 16% for the most traditional of industries.

Why traders are ditching the euro
NEWS INDUSTRY NEWS AUG 31, 2023
Why traders are ditching the euro

The eurozone economy continues to struggle with inflationary pressures.

Citigroup to pay $2.9M to settle SEC underwriting probe
NEWS REGULATION AND LEGISLATION AUG 30, 2023
Citigroup to pay $2.9M to settle SEC underwriting probe

The regulator alleged the firm's global markets unit had flawed underwriting processes for securities offerings.

Bitcoin fund behemoth surges after ETF court ruling
INVESTING ALTERNATIVES AUG 30, 2023
Bitcoin fund behemoth surges after ETF court ruling

Grayscale's win against the SEC has boosted the prospect of spot Bitcoin ETFs.

History suggests the dollar is about to rise
NEWS INDUSTRY NEWS AUG 30, 2023
History suggests the dollar is about to rise

The greenback has strengthened in each of the past 6 Septembers.

Hedge funds are expanding basis trades, data suggests
NEWS INDUSTRY NEWS AUG 30, 2023
Hedge funds are expanding basis trades, data suggests

Surge in short sales of US Treasury futures hints at a return of the tactic.

More low-income Americans are skipping meals, missing rent
NEWS INDUSTRY NEWS AUG 30, 2023
More low-income Americans are skipping meals, missing rent

The cost-of-living crisis is biting hard in America's poorest households.

Countering the counterfeits: How to spot a fake Prada
NEWS INDUSTRY NEWS AUG 30, 2023
Countering the counterfeits: How to spot a fake Prada

Blockchain tech is being used in the battle against fake luxury products.