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JPMorgan believes currency carry trades could lose appeal
NEWS INDUSTRY NEWS JUN 14, 2024
JPMorgan believes currency carry trades could lose appeal

Volatility and the Fed's rates policy may weaken potential.

White House unlikely to support SALT cap hikes as tax fight looms
NEWS REGULATION AND LEGISLATION JUN 13, 2024
White House unlikely to support SALT cap hikes as tax fight looms

A second term for President Joe Biden would mean focusing on higher taxes for corporations and billionaires, says top economic advisor.

Wirehouse sacks staff after investigating allegations of faking work
NEWS INDUSTRY NEWS JUN 13, 2024
Wirehouse sacks staff after investigating allegations of faking work

More than a dozen staffers fired over alleged 'simulation of keyboard activity,' according to Finra disclosures.

Bond traders unconvinced the Fed will only cut once
NEWS INDUSTRY NEWS JUN 13, 2024
Bond traders unconvinced the Fed will only cut once

Markets believe data still suggests additional changes.

JPMorgan sees AI early-adopters' advantage for companies
NEWS INDUSTRY NEWS JUN 13, 2024
JPMorgan sees AI early-adopters' advantage for companies

Those that use transformative tech could be see next investment surge.

Musk says shareholders hugely in favor of his $56B Tesla pay
NEWS INDUSTRY NEWS JUN 13, 2024
Musk says shareholders hugely in favor of his $56B Tesla pay

He also said they back the firm's move to Texas.

Federal Reserve reveals June rate decision
NEWS INDUSTRY NEWS JUN 12, 2024
Federal Reserve reveals June rate decision

Central bank signals new speed of cuts as it adjusts language in its post-meeting statement.

Broad cooling of inflation brings more hope for Fed rate cuts
NEWS INDUSTRY NEWS JUN 12, 2024
Broad cooling of inflation brings more hope for Fed rate cuts

May data show second straight monthly slowdown in key CPI metric in positive surprise for policymakers.

Big day for US data, world markets mixed in early trade
NEWS INDUSTRY NEWS JUN 12, 2024
Big day for US data, world markets mixed in early trade

Fed to announce rates decision, CPI data ahead.

Global oil markets headed for major surplus, IEA says
NEWS INDUSTRY NEWS JUN 12, 2024
Global oil markets headed for major surplus, IEA says

Agency says US-led production surge could weigh on prices.