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Goldman sees gains ahead as "pain trade" shoots higher for equities
NEWS INDUSTRY NEWS AUG 19, 2024
Goldman sees gains ahead as "pain trade" shoots higher for equities

Strategist who correctly called late-summer correction in US stocks is making a tactically bullish turn.

Stocks pause ahead of Jackson Hole symposium
NEWS INDUSTRY NEWS AUG 19, 2024
Stocks pause ahead of Jackson Hole symposium

This week's meeting should give further signals on rates.

Corporate America overestimating sales, warns Goldman Sachs
NEWS INDUSTRY NEWS AUG 19, 2024
Corporate America overestimating sales, warns Goldman Sachs

Strategists say firms are downplaying softer US economy, dollar.

Asia currencies at seven-month high amid US 'Goldilocks' scenario
NEWS INDUSTRY NEWS AUG 19, 2024
Asia currencies at seven-month high amid US 'Goldilocks' scenario

Further gains for currencies could be ahead.

Bitcoin fails to capitalize on rising global risk sentiment
NEWS INDUSTRY NEWS AUG 19, 2024
Bitcoin fails to capitalize on rising global risk sentiment

Cryptocurrency continuing lower despite improved optimism.

Harris pitches new tax credits, subsidies in sweeping "opportunity economy" pledge
NEWS INDUSTRY NEWS AUG 16, 2024
Harris pitches new tax credits, subsidies in sweeping "opportunity economy" pledge

The Democratic presidential nominee is courting votes with expanded aid for first-time homebuyers, parental tax perks, and drug price caps.

Wall Street widens liquidity channels for wealthy art lovers
NEWS INDUSTRY NEWS AUG 16, 2024
Wall Street widens liquidity channels for wealthy art lovers

Cooling sales in the rarefied world of art collectibles is creating an opportunity for JPMorgan, Bank of America, and other big names in banking.

Stock rally falters as traders weigh "conflicting" economic signals
NEWS INDUSTRY NEWS AUG 16, 2024
Stock rally falters as traders weigh "conflicting" economic signals

Continued Fed speculation on Wall Street has halted a six-day advance in the S&P 500.

Strong US economy pushes equities towards best week of 2024
NEWS INDUSTRY NEWS AUG 16, 2024
Strong US economy pushes equities towards best week of 2024

Recession fears are easing amid positive data releases.

Equity funds rebound as investors shrug off August selloff
NEWS INDUSTRY NEWS AUG 16, 2024
Equity funds rebound as investors shrug off August selloff

BofA note says funds are seeing inflows across asset classes.