Citi’s Montagu Warns US Tech Rally at Risk From Profit Taking

US technology stocks face growing risks as investors seek to cash in on this year’s record-breaking rally, according to Citigroup Inc. strategists. The Nasdaq 100 is most vulnerable to the threat, after soaring 46% from its April lows thanks to resurgent enthusiasm...

Hamas Agrees to Release Israeli Hostages But Sets Conditions

Hamas agreed to release the last of the hostages from its 2023 attack on Israel but said the rest of a US peace plan would be subject to negotiation, a stance that offered uncertain hopes for an end to the conflict in Gaza. President Donald Trump responded favorably...

OpenAI Valuation Reaches $500 Billion, Topping Musk’s SpaceX

The rally in tech stocks took a breather Friday, pulling back from this week’s record highs. AI optimism was countered by President Donald Trump’s warning to Hamas and signs of a weakening economy as a US government shutdown extended into its third day. The dollar...

Understanding Private Credit’s Rapid Growth

Private credit, which can offer floating interest rates that increase in tandem with benchmark rates, has seen significant growth in recent years and could become a $5 trillion market by 2029. Demand for private credit—which refers to lending to companies by...

US Services Gauge Falls on Weakest Business Activity Since 2020

The US service sector stalled in September as business activity shrank for the first time since the pandemic and orders barely expanded. The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said...

Apple Adds a Bear as Jefferies Downgrades, Sees 20% Downside

Apple Inc. received a relatively rare bearish analyst rating on Friday, as Jefferies warned that expectations surrounding how fast customers will upgrade their iPhones had become excessive. Analyst Edison Lee cut his rating on the stock to underperform from hold,...

Merz Urges Germans to Accept Change or Suffer Economic Slide

German Chancellor Friedrich Merz on Friday implored Germans to either embrace uncomfortable reforms or watch their economy fade. “Our nation is in the midst of an important, perhaps decisive phase in its modern history,” Merz said in a speech in Saarbruecken marking...

Citizens CEO Says Capital Markets, Wealth Driving Results

Citizens Financial Group Inc.’s results are being driven by growth of the bank’s wealth business and a revival in capital markets, including a comeback for mergers and acquisitions, Chief Executive Officer Bruce Van Saun said. “There’s now a tick-up in deal flow,...

US Family Offices Dominate Pay Race With $1 Million CIO Salaries

US family offices are paying their top money managers the most competitive salaries globally as the number of private investment firms for the ultra-rich proliferate and they become increasingly professionalized. Almost one of every five chief investment officers at...

Magnificent 7 Is Passe. This Group of AI Stocks Can Replace It

Wall Street’s most powerful collection of stocks, the Magnificent Seven, is looking a tad dated. Make way for the Great Eight. Or maybe the Golden Dozen. Or the TenAI of GenAI. It has been almost three years since OpenAI’s ChatGPT made artificial intelligence the...

Investors Pile Into Funds Betting on Elusive Market Volatility

Investors are piling in to exchange-traded products, betting that stock-market volatility will increase from rock-bottom levels. But while they wait to cash in on a big spike, their returns are dwindling due to a quirk of the market. The largest product that follows...

Crypto’s $300 Billion Wipeout Marks Harshest Selloff in Months

Cryptocurrencies shed roughly $300 billion in value this week as a wave of leveraged bets unraveled, battering the sector’s biggest tokens and dragging market sentiment to its weakest point since early summer. Ether, the world’s second-largest cryptocurrency, led the...

Goldman Warns of Stock Volatility, Finds Catalysts to Play

The market is on tenterhooks waiting for the Federal Reserve’s next interest-rate move, a crucial earnings season looms large and the threat of a US government shutdown is growing more severe. Add the specter of rising volatility to a list of worries investors need to...