The two-month sell-off in U.S. stocks threatens to intensify as options dealers on Wall Street and fast-money traders both turn against the market. Such is the warning from Goldman Sachs Group Inc.’s Scott Rubner, who has studied the flow of funds for two decades. With indexes such as the S&P 500 breaking...
Citigroup Inc. is in talks to sell its China onshore retail wealth business to HSBC Holdings Plc, as the latter continues to build out its presence in the mainland, according to people familiar with the matter. Citi’s China retail wealth business has about $4 billion of assets and deposits and...
Foreign investors sold the largest amount of Japanese stocks since March last week amid signs of risk aversion. They dumped ¥913 billion ($6.1 billion) of equities, more than three times as much as the previous week, data from Japan Exchange Group Inc. showed. It was the biggest sales on a...