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Stock selloff accelerates following jobs-fuelled "growth scare"
NEWS INDUSTRY NEWS AUG 02, 2024
Stock selloff accelerates following jobs-fuelled "growth scare"

Nasdaq enters correction territory as jobs report adds to fears that the Federal Reserve is behind on rate cuts.

Wall Street unimpressed by big tech's AI gamble
NEWS INDUSTRY NEWS AUG 02, 2024
Wall Street unimpressed by big tech's AI gamble

Billions are being invested but when will there be ROI?

Jump for Treasuries as traders await payroll data
NEWS INDUSTRY NEWS AUG 02, 2024
Jump for Treasuries as traders await payroll data

Stats could strengthen the case for a September Fed cut.

BNP in talks to create asset management titan
NEWS INDUSTRY NEWS AUG 02, 2024
BNP in talks to create asset management titan

It's the latest proposed big tie up in the investment industry.

Intel could be headed for worst share slump in 24 years
NEWS INDUSTRY NEWS AUG 02, 2024
Intel could be headed for worst share slump in 24 years

Chipmaker's results suggest it may struggle in AI race.

Apollo stands behind alts as profit miss provokes concerns
INVESTING ALTERNATIVES AUG 01, 2024
Apollo stands behind alts as profit miss provokes concerns

CEO offers investors reassurance as the firm's Athene annuities business weighs on second quarter earnings.

Fed rate cut trajectory is a hot topic on earnings calls
NEWS INDUSTRY NEWS AUG 01, 2024
Fed rate cut trajectory is a hot topic on earnings calls

Corporate America is trying to figure out the path after September.

Oil traders weigh price hikes amid rising tensions
NEWS INDUSTRY NEWS AUG 01, 2024
Oil traders weigh price hikes amid rising tensions

Call options contracts have seen a spike in trading.

Homeowner wealth posts uptick in second quarter
NEWS INDUSTRY NEWS AUG 01, 2024
Homeowner wealth posts uptick in second quarter

Home equity boost sees underwater US mortgages at 5-year low.

Fed keeps focus on risks as it holds rates steady
NEWS INDUSTRY NEWS JUL 31, 2024
Fed keeps focus on risks as it holds rates steady

Unanimous decision to leave benchmark rates at 5.25% comes as policymakers acknowledged "further progress" on inflation.