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AI darlings prop up Wall Street
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Major financial services firms such as Goldman Sachs, JPMorgan Chase, and Wells Fargo have expanded operations in Dallas, Texas, where the firms have thousands of workers.
Large, Finance and Markets A rare shakeout in Big Tech and chip stocks on Tuesday rippled around world bourses overnight. The fact that it came with few triggers other than growing unease at sky-high valuations left investors wondering if a more prolonged pullback is in store.
Wall Street chief executives said investors should brace for an equity market drop of more than 10% in the next 12 to 24 months, and that such a correction may be a positive development.
Wall Street bonuses are expected to rise for the second year for traders and investment bankers on surging deal volume and market volatility, according to financial compensation consultancy Johnson Associates.
Stocks fell on Wall Street, pulled down by losses in the same big tech companies that have been the main drivers of the market's rally so far this year.
Burry’s hedge fund Scion Asset Management has bought put options on 1 million shares of Nvidia and 5 million shares of Palantir.
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Wall Street braces for NYC mayoral vote; Democrat wins in Virginia offers day's first insight
By Lewis Krauskopf, Davide Barbuscia and Laura Matthews NEW YORK (Reuters) -Wall Street was on edge heading into the New York City mayoral election on Tuesday, with a potential victory for Zohran
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The Wall Street Journal Trashes Trump Plan to Nuke Filibuster: ‘Republicans Would Be Dumb’ to Listen
The Wall Street Journal's editorial board trashed President Donald Trump's call to nuke the filibuster on Monday, arguing the GOP would be "dumb" to heed it.
He says that large holders are distributing, and volatility is stabilizing, before fundamentals drive prices higher.
CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.
Plant-based meat company Beyond Meat ( BYND 4.32%) doesn't have a single buy rating from Wall Street analysts. Instead, a mix of hold, underperform, and sell ratings makes it clear that Wall Street is quite bearish on the stock. Some investors have been much less bearish recently, driving an incredible rally in October that eventually fizzled out.