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Banking

Bank of America names new crypto and AI leaders

Bank of America named Sonali Theisen and Kevin Milsom to run digital-assets and AI work in markets, formalizing both as bank infrastructure.

By Naomi Voss
Earnings

Morgan Stanley Q2 earnings: equities revenue jumps 69%

Morgan Stanley Q2 earnings delivered record revenue and a 69 per cent equities-trading surge, extending Wall Street's capital-markets boom.

By Sloane Carrington
Earnings

JPMorgan (JPM) Q2 earnings beat as trading revenue surges

JPMorgan Q2 earnings showed EPS of $7.70 on $57.35 billion of revenue, a higher NII outlook and a 1.9 per cent premarket share drop.

By Naomi Voss
Earnings

SpaceX's IPO gives Wall Street banks an earnings tailwind

Bank earnings on July 14 may get a lift from 15 per cent market-revenue growth, stronger trading and fees tied to SpaceX's IPO.

By Naomi Voss
Markets

Hong Kong's IPO revival meets its first supply test

Hong Kong IPO lock-ups are releasing a record wave of insider shares, giving investors an early test of whether 2026 listing momentum can hold.

By Sloane Carrington
Commodities

OPEC+ raises August quotas as Hormuz flows recover, crude slips

OPEC+ raises August quotas by 188,000 barrels a day as Brent returns near prewar levels and Hormuz shipping improves after the Iran war.

By Reza Najjar
Commodities

Brent oil forecast: Citi sees $60 as Hormuz risk fades

Brent oil forecast turns lower as Citi says Hormuz shipping is normalizing, China demand is soft and the war premium is fading from crude.

By Reza Najjar
Markets

Prediction markets are becoming real market infrastructure

Prediction market volume hit $44.8 billion in June as Kalshi and Polymarket turned World Cup flow into a test of liquidity, compliance and regulation.

By Sloane Carrington
Analysis

AI hiring 2026: heavy spenders add staff faster than peers

AI hiring stayed stronger at the heaviest corporate spenders, suggesting the first wave of generative AI is boosting expansion more than cutting jobs.

By Sloane Carrington
Banking

Robinhood (HOOD) raises $2.2bn in 0% convert, funds buyback

Robinhood convertible notes raised $2.2bn at a 0.00 per cent coupon, with $290mn used the same day to repurchase shares.

By Naomi Voss
Deals

Reformation IPO filing tests broader 2026 new-issue demand

Reformation IPO filing showed $507.1 million in 2025 revenue and 30.4 per cent first-quarter growth, widening the test for U.S. new-issue demand.

By Naomi Voss
Banking

Fed stress test 2026 clears big banks for higher payouts

Fed stress test 2026 results let big U.S. banks raise dividends and buybacks, giving lenders fresh leverage as capital rules are rewritten.

By Naomi Voss
Deals

SpaceX bond sale 2026: $25bn deal draws $89bn orders

SpaceX drew about $89 billion of orders for a $25 billion post-IPO bond sale, offering a first hard read on how credit investors price its AI-and-space buildout.

By Naomi Voss
Commodities

Goldman’s gold cut puts the Fed back in charge of bullion

Gold price outlook 2026 shifted lower after Goldman cut its year-end target to $4,900 as the Fed’s hawkish reset pushed yields and the dollar higher.

By Sloane Carrington
Banking

JPMorgan blocks Anthropic access for Hong Kong staff

JPMorgan blocked Anthropic access for Hong Kong staff, pushing Washington's AI curbs into bank compliance and workflow decisions in Asia.

By Naomi Voss
Analysis

Nvidia’s $25 billion bond sale shows AI’s cash king joining the borrowing spree

Nvidia raised $25bn in June, upsized from an initial $20bn, as investors piled in — a sign the AI winners are financing expansion with debt not just cash.

By Avery Lin
Commodities

China oil refiners cut output as imports plunge

China oil refiners cut output to a near four-year low after May crude imports fell 29 per cent, testing Asia's demand outlook.

By Reza Najjar
Commodities

Oil inventories thin out, raising Hormuz shock risk

Oil inventories are thin enough that another Hormuz setback could hit fuel prices, inflation and risk assets harder than futures imply.

By Reza Najjar
Markets

Hedge fund crowding raises forced-unwind risk after rout

Hedge fund crowding may turn Friday’s Nasdaq rout into a forced unwind as AI share supply tests Wall Street’s capacity for risk.

By Sloane Carrington
Stocks

Alphabet (GOOGL) $84.75bn AI stock raise goes live

Alphabet $84.75bn AI stock raise moved from plan to transaction, with a $40bn ATM, stock offering and Berkshire placement.

By Avery Lin
Banking

Ramp's $44B fintech multiple widens gap with public markets

Ramp's $44 billion valuation at 29-times revenue runs far ahead of public fintech peers. The Series F round signals private capital is betting AI-linked financial software belongs in a different valuation category — and the IPO window will test that thesis.

By Sloane Carrington
Markets

China AI trade drains Hong Kong stocks’ flow lifeline

Hong Kong stocks are losing mainland capital as China’s AI trade pulls investors onshore and policy narrows offshore routes.

By Sloane Carrington
Crypto

Ondo Finance CEO Nathan Allman dies; ONDO falls 2.9%

Ondo Finance said founder Nathan Allman died unexpectedly, naming Ian De Bode chief executive as the ONDO token fell 2.9 per cent.

By Caleb Mwangi
Banking

US regulators clear large-bank living wills after 2024 flaws

The Federal Reserve and FDIC found no shortcomings in 64 living-will plans, saying the biggest banks had fixed previously flagged resolution weaknesses.

By Tomás Iglesias
Markets

Japanese retail traders hit 25% as AI rally feeds dark pools

Japan AI rally is pushing retail traders into dark pools as their share of stock turnover hits 25 per cent, complicating Tokyo price discovery.

By Sloane Carrington