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Finance News — Page 59
AI Stocks Drop While Wall Street Holds Steady
AI stocks led declines while broader Wall Street held steadier, with oil prices retreating from an early jump, as industry chiefs publicly called for slowing AI development.
Broadcom CEO addresses Anthropic's slowdown push, says AI revenue targets haven't changed
Broadcom CEO Hock Tan pushed back against investor fears that Anthropic's call to slow frontier AI development would dent chip demand, reaffirming the chipmaker's $115 billion fiscal 2027 and $230 bil
BofA CEO Warning Sends Bank Stocks Falling
Bank of America's CEO warned of a more-than-10% drop in third-quarter investment banking fees and softer trading revenue, triggering a broad selloff across bank stocks.
Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide
Bank of America CEO Brian Moynihan warned analysts that third-quarter investment banking fees will fall more than 10% year-over-year with trading revenue roughly flat, a sharp reversal after a 50% Q2
Stocks Could Rally on Fed Rate Hike as Long-End Yields Steer
The Fed is widely expected to deliver a 25 bps rate hike Wednesday, but in an unusual setup, stocks could rally if the move helps anchor the long end of the bond market, where the 10-year yield just t
Fed's Warsh Faces Close Vote on First Rate Hike
Federal Reserve Chair Kevin Warsh heads into Wednesday's FOMC meeting with futures markets pricing in a better than 92% probability of a quarter-point rate hike, but the closely watched question is ho
Burry Flags AI Stock Signal as Tech Splits on AI Slowdown
Michael Burry flagged a troubling signal for AI stocks as an AI slowdown reshuffles tech winners and losers, with major companies and AI lab leaders publicly weighing in on the pace of development.
Strive adds 469 Bitcoin to reach 25,000 BTC treasury
Strive added 469 Bitcoin to reach a 25,000 BTC corporate treasury, a milestone that pushed its shares above a key warrant strike price and could unlock more than $700 million in new capital.
Chip Stocks Fall as Bitcoin Climbs on AI Slowdown Calls
AI slowdown calls from Anthropic's Dario Amodei, backed by OpenAI's Sam Altman and xAI's Elon Musk, triggered a sharp selloff in chip stocks while Bitcoin climbed to $78,280 on separate momentum aroun
Warsh's credibility is on the line this week as Trump policies put pressure on Fed to hike
The Federal Reserve is poised for its first rate hike since 2023, driven by Trump's tariffs and an Iran war that has kept oil near $100 a barrel. Fed Chair Kevin Warsh — Trump's own handpicked pick —
Bernstein: Clarity Act Concessions Not Priced In
Crypto markets are underpricing the chances of progress on the Clarity Act, according to Bernstein, as Republicans rolled out 126 Democratic-requested changes ahead of a key Senate procedural vote.
Khouw: SLB Tops Refiners as Oil Surge Continues
With refining margins at record highs and refiners' shares already at all-time highs, trader Mike Khouw argues the remaining upside sits in oil service companies like SLB, which benefit from the multi
Germany Sets Terms for UniCredit's Commerzbank Takeover
German authorities are imposing conditions on UniCredit’s proposed takeover of Commerzbank, including keeping its headquarters in Frankfurt and maintaining its stock listing, as talks advance.
Amodei's 3,800-Word AI Warning Hits Stocks
Anthropic CEO Dario Amodei published a 3,800-word essay titled 'We Must Pace the Frontier' urging the AI industry to slow down, triggering a selloff in AI stocks before they partially recovered, per m
Africa's biggest oil refinery opens to public ownership, sparking excitement among retail investors - AP News
Aliko Dangote, Africa's richest man, launched a 'people's IPO' for the continent's largest oil refinery, aiming to raise $23 billion — what outlets are calling the biggest-ever public offering on the
Warsh Gets Fed Media Do-Over After July Selloff
Fed official Warsh gets a second chance Wednesday to explain the central bank's latest interest rate decision after his last media appearance triggered a market selloff, with investors finding him vag
Strategy Buys Back $139 Million of STRC, Bitcoin Stack Frozen for Second Week
Strategy repurchased $139.3 million of its STRC preferred stock in the week to September 13 while making no Bitcoin purchases for a second straight week, as the company awaits an MSCI index decision d
HYPE price could suffer as Binance takes its revenue: Alice Liu
Alice Liu says HYPE token's 47.50% monthly surge is propped up by over $400 million in Hyperliquid-led buybacks, but warns the price depends on sustained network revenue and is bearish on utility-less
Tech Stocks Fall on AI Slowdown Warnings
Tech stocks declined sharply as warnings from AI executives and rising bond yields spooked investors, dragging down major indices and hitting chipmakers particularly hard.
New York private equity fund Quadrangle says its long-running legal battle with Ottawa is a warning to foreign investors
Quadrangle Group is fighting the Canadian federal government in Ontario court to collect a $500-million-plus judgment from a 2008 Mobilicity investment dispute, with the appeal hearing coinciding with
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