AI Investment Boom Faces Rising Credit Risks as Default Protection Hits Record Highs
The cost of insuring against defaults by US technology companies hit record highs on Thursday, signalling growing credit stress in the artificial intelligence (AI) investment boom. Rising US inflation and expectations of higher interest...
JPMorgan Misses Profit Estimates as IPO Market Slows
JPMorgan Chase reported its first quarterly profit miss in nearly three years on October 13, as market volatility, economic uncertainty and slowing dealmaking weighed on its investment banking and trading businesses. The banking giant...
US Securities Industry Profits Surge to $45.9 Billion in First Half of 2026
Profits across the US securities industry reached $45.9 billion in the first half of 2026, putting Wall Street on track to set a new annual record, according to a report released by New York...
Prediction Markets’ Expansion Into US Stocks Sparks Regulatory Concerns
Prediction markets are rapidly expanding into US stocks and corporate events, raising concerns over investor protection and regulatory oversight, according to independent data and legal experts. Platforms such as Polymarket and Kalshi, initially known...
Hedge Funds Pull Back from Treasury Basis Trade as Profitability Declines
Hedge funds are scaling back their leveraged Treasury basis trades as declining profitability and improved market conditions reduce the appeal of the strategy. Funds committed to the trades have fallen 20% this year to...
Asian Stocks Slide as Yen Surges and Iran Tensions Lift Oil Prices
Asian stocks fell on Tuesday as a sharp surge in the yen, mixed economic data and rising geopolitical tensions weighed on investor sentiment. The yen climbed as much as 1% to 152.89 per dollar,...
U.S. Treasury Doubles Size of Longer-Dated Bond Buybacks
The U.S. Treasury Department will double the size of its liquidity-support buyback operations for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation. The increase will cover the 10-...
German Bond Yields Hit Two-Year High as Oil Surge Fuels ECB Rate Hike Expectations
German two-year government bond yields climbed to their highest level in two years on Monday as rising oil prices, driven by escalating tensions involving Iran, strengthened expectations that the European Central Bank (ECB) will...
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....
Citadel Securities Invests $400 Million in Crypto.com at $20 Billion Valuation
Crypto.com has secured a $400 million investment from global market maker Citadel Securities in its first-ever institutional fundraising round, valuing the cryptocurrency exchange at $20 billion. The investment reflects the increasing convergence of traditional...