Yen Extends Gains as Traders Price In Faster BOJ Rate Hikes
The yen extended its gains on Thursday after a sharp rally in the previous session, reaching 157.545 per dollar in Asian trading, its strongest level in nearly a month. The currency rose 0.9% overnight,...
Polymarket Steps Up Market Surveillance Ahead of U.S. Midterms
Prediction market company Polymarket is strengthening its market-integrity controls ahead of the 2026 U.S. midterm elections, as regulators and lawmakers raise concerns about insider trading, election integrity and national security risks. Shana Bautista, the...
U.S. Equity Funds See Biggest Outflow in Five Months
U.S. equity funds suffered their largest weekly outflow in five months in the week ended August 26, as investors reassessed the outlook for artificial intelligence ahead of Nvidia’s earnings and awaited potentially important comments...
AI Debt Boom Tests Investor Appetite
The surge in debt issuance by technology giants to finance the artificial-intelligence buildout is beginning to test investor appetite, with bond buyers demanding higher yields as the market absorbs record supply. While investors remain...
Banks Agree to $86.4 Million Settlement in Mexican Bond-Rigging Lawsuit
Mexican banking affiliates of Bank of America, Banco Santander, BBVA, Citigroup, Deutsche Bank and HSBC have agreed to pay $86.4 million to settle a long-running antitrust lawsuit accusing them of manipulating the market for...
Berkshire Hathaway Steps Up Investments as Cash Hoard Shrinks
Berkshire Hathaway began drawing down its massive cash reserves in the second quarter, investing billions of dollars in stocks while accelerating share buybacks. The conglomerate repurchased $4.5 billion of its own shares during the...
Italy to Exit MPS Stake Without Affecting Merger Plans
Italy will manage the sale of its remaining 4.86% stake in Monte dei Paschi di Siena (MPS) in a manner that does not interfere with ongoing merger and acquisition activities involving the bank, Economy...
Lazard Q2 Profit Plunges 91% as Advisory Revenue Weakens
Investment bank Lazard reported a sharp 91% decline in second-quarter profit, as a significantly higher tax rate and weaker performance in its financial advisory business weighed on earnings. Net income dropped to $5 million,...
Jersey Mike’s Targets Nearly $8 Billion Valuation in U.S. IPO
Sandwich chain Jersey Mike’s Subs is aiming for a valuation of up to $7.94 billion in its U.S. initial public offering (IPO), testing investor demand for restaurant stocks amid a recovering market for new...
EU Pushes to Ease Cross-Border Bank Mergers to Boost Global Competitiveness
The European Commission plans to reduce political interference in banking mergers and remove barriers to cross-border consolidation within the European Union, aiming to help European banks compete more effectively with larger U.S. financial institutions....