Investors put $538 billion into cash funds over eight weeks, Bank of America says
LONDON, April 14 (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank...
Gold rallies to 1-year peak as economic worries mount
Gold prices just $30 off record highs U.S. weekly jobless claims increase April 13 (Reuters) – Gold surged on Thursday as more weak U.S. economic...
Gold shines as bets for US rate hike pause gather pace
U.S. CPI comes in below estimates, core in line with estimates Dollar down 0.7%, yields skid Market bets on 25 bps Fed hike in May,...
Global dealmaking sinks to lowest level in over a decade
NEW YORK/LONDON, March 31 (Reuters) – Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a decade in the first...
Gold eases but remains on course for quarterly rise
Key U.S. inflation gauge slightly below expectations All precious metals set to gain in March March 31 (Reuters) – Gold prices were on track for...
Banks tumble as SVB ignites capitalization fears
March 9 (Reuters) – The S&P 500 bank index (.SPXBK) tumbled nearly 6% on Thursday in its biggest one-day drop in over two years as...
Wells Fargo lays off mortgage bankers – CNBC
Feb 22 (Reuters) – Wells Fargo & Co (WFC.N) laid off hundreds of mortgage bankers this week as part of its recent strategic shift, CNBC...
Analysis: Wall Street heavyweights warn of pain ahead despite market’s recent reprieve
NEW YORK, Jan 25 (Reuters) – Some of Wall Street’s biggest names are throwing cold water on expectations that the U.S. economy will scrape through...
Exclusive: Morgan Stanley to start layoffs in coming weeks as dealmaking slows
HONG KONG, Nov 3 (Reuters) – Wall Street major Morgan Stanley (MS.N) is expected to start a fresh round of layoffs globally in the coming...
“60/40” portfolios are facing worst returns in 100 years: BofA
LONDON, Oct 14 (Reuters) – Investors with classic “60/40” portfolios are facing the worst returns this year for a century, BofA Global Research said in...