Morning Bid: Disinflation, rotation and a bruised dollar
A violent rotation from Big Tech into small cap stocks followed the surprisingly benign June U.S. inflation report, while U.S. borrowing rates and the dollar plunged […]
US FTC to delay decision on Chevron-Hess deal during Exxon arbitration, Bloomberg reports
The U.S. Federal Trade Commission plans to delay its decision on whether to block Chevron’s (CVX.N), opens new tab $53 billion takeover of Hess (HES.N), […]
Archegos Founder Bill Hwang Found Guilty on Fraud Charges
Bill Hwang, the founder of Archegos Capital Management, was convicted Wednesday of manipulating stock prices and defrauding banks in a scheme that […]
Japanese stocks log biggest weekly foreign inflow in nearly six months
Foreign investors made hefty investments in Japanese stocks in the week ended July 5, driven by a market rally and optimism over […]
Why does China’s central bank have a new cash management tool?
China’s central bank introduced a new cash management tool this week in the form of temporary bond repurchase (repo) agreements and reverse […]
JPMorgan aims to amass 15% of US consumer deposits, boost credit card share
The biggest U.S. bank wants to get even bigger. JPMorgan Chase (JPM.N), opens new tab has set an ambitious goal of attracting 15% of […]
Elon Musk beats $500 million severance lawsuit by fired Twitter workers
July 10 (Reuters) – Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance […]
Judge trims First Citizens claims that HSBC poached Silicon Valley Bank workers
July 10 (Reuters) – A federal judge in California has dismissed most of First Citizens BancShares’ (FCNCA.O), opens new tab $1 billion lawsuit accusing […]
India’s equity mutual fund inflows hit record high in June, data shows
BENGALURU, July 9 (Reuters) – Inflows into India’s equity mutual funds rose 17% sequentially to a record high of 406.08 billion rupees […]
Barclays aims to triple staff across key Asia wealth markets, Bloomberg News reports
July 10 (Reuters) – UK’s Barclays (BARC.L), opens new tab plans a major hiring spree in Asia to expand client assets over the next […]
Fed’s Powell defends central bank independence as challenges loom
NEW YORK, July 9 (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday central bank independence is a proven and politically […]
Australia auto parts retailer Bapcor rejects Bain Capital’s $1.2 bln bid
SYDNEY, July 9 (Reuters) – Australian auto parts retailer Bapcor (BAP.AX), opens new tab rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout offer […]