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China disappoints but Wall Street banks should delight
NEWS INDUSTRY NEWS JUL 17, 2023
China disappoints but Wall Street banks should delight

Investors are awaiting US big banks' earnings which have benefitted from rising rates.

Make or break earnings season for $10 trillion global stocks rally
YOUR PRACTICE FINTECH JUL 17, 2023
Make or break earnings season for $10 trillion global stocks rally

Will companies live up to the expectations of investors or will the rally screech to a halt as results are revealed?

Investors want Musk to focus on Tesla as EV competition grows
NEWS INDUSTRY NEWS JUL 17, 2023
Investors want Musk to focus on Tesla as EV competition grows

The eccentric billionaire is seen a risk to Tesla's share price as he often appears focused elsewhere.

AI can expose 'very real' ESG risks, says UBS exec
YOUR PRACTICE FINTECH JUL 14, 2023
AI can expose 'very real' ESG risks, says UBS exec

For example, artificial intelligence could help with the threat of deforestation by tracking 'land use change and geospatial mapping.'

Wells Fargo shares jump after Q2 results exceed estimates
NEWS WIREHOUSES JUL 14, 2023
Wells Fargo shares jump after Q2 results exceed estimates

Bank's net interest income soars on back of Fed rate hikes.

JPMorgan posts record revenue on interest rates, First Republic deal
NEWS INDUSTRY NEWS JUL 14, 2023
JPMorgan posts record revenue on interest rates, First Republic deal

The firm's $41.3 billion in revenue beat analysts' expectations, fueled by $21.8 billion in net interest income as well as a $2.7 billion gain on its purchase of First Republic.

Equities have performed their best since March this week
NEWS INDUSTRY NEWS JUL 14, 2023
Equities have performed their best since March this week

Despite a pause in the rally Friday, stocks are on course for a strong week

Fed's Waller calls for two more rate hikes likely by year-end
NEWS INDUSTRY NEWS JUL 14, 2023
Fed's Waller calls for two more rate hikes likely by year-end

The Fed chair says increasing by another 50 basis points will be necessary to bring inflation down to the central bank’s target

Equities rally does not signal end of risk, warns Goldman Sachs
NEWS INDUSTRY NEWS JUL 14, 2023
Equities rally does not signal end of risk, warns Goldman Sachs

The bank's strategists say risk of recession, rates, and central bank surprises all remain elevated

Former Celsius CEO charged with fraud in latest DOJ crypto case
INVESTING ALTERNATIVES JUL 13, 2023
Former Celsius CEO charged with fraud in latest DOJ crypto case

The SEC, the CFTC and the FTC also filed lawsuits against Alex Mashinsky and his crypto lending company.