Wall Street’s main indexes advanced on Monday following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over renewed U.S.-China trade tensions. Aiding sentiment, U.S. Treasury Secretary Scott Bessent said in an interview with Fox Business Network on Monday that Trump was on track to meet his Chinese counterpart in […]
JPMorgan Chase announced plans on Monday to hire bankers and invest up to $10 billion in U.S. companies considered critical to national security and economic resilience as part of a broader $1.5 trillion pledge. The 10-year initiative aims to facilitate, finance and invest in industries central to the growth of the U.S. economy, including defense, energy and manufacturing. Shares […]
The block trades were well bought by overseas investors, according to bankers. They marked the highest monthly total in almost a year and a huge jump from only $220mln in April Foreign investors are starting to head back into Indian stocks after a major exodus, attracted by $5.5 billion worth of big ticket block trades […]
Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators, but initial steps will be tentative, centering on pilot programs, partnerships or limited crypto trading, according to four industry executives. Wall Street giants that had been largely blocked from many crypto activities by strict regulations are poised to grow […]
