Goldman Sachs Group Inc. agreed to pay $5.5 million to settle a U.S. regulator’s allegations that it failed to fully record and retain thousands of phone calls. The Commodity Futures Trading Commission alleged Tuesday that two separate outside systems the Wall Street giant relied on to record some audio conversations, as...
European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies. Miners and real estate led the advance in the Stoxx Europe 600 index after China pledged further measures to support its economy....
China’s economic outlook is showing no signs of improvement, with forecasters broadly trimming their expectations for growth, prices and trade and predicting more monetary policy easing. Economists now see gross domestic product expanding 5.1% in 2023 from the prior year, according to the median estimate in the latest Bloomberg survey....
A London-based money manager has just attached an ESG label to a bitcoin exchange-traded fund, in a move that has environmental experts doing a double take. Jacobi Asset Management says its Jacobi FT Wilshire Bitcoin ETF (BCOIN NA) is an Article 8 fund, which under EU regulations means it has to...
A Richard Mille Co. watch is a powerful symbol of wealth for anyone who’s in-the-know enough to recognize its familiar contours. The French company produces only about 5,300 a year, which cost an average of $250,000. Designed to withstand high gravitational forces, they’re worn by athletes at Formula One races, golf...
European stocks started the week on a positive note, tracking Friday’s gains on Wall Street following cautious comments from central bankers at Jackson Hole. China’s support measures for its equities market helped lift sentiment. The rate-sensitive technology sector led the advance in Europe after Federal Reserve Chair Jerome Powell and...
Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike. Friday’s U.S. jobs report is forecast to show employers boosted their payrolls by nearly 170,000 in August, while...
Hedge funds’ bullish bets in emerging-market equity futures have risen to the highest since the gauge’s pandemic low three years ago, signaling budding optimism for the asset class. Net long leveraged fund positions on futures linked to the MSCI Emerging Markets Index have been positive every week since the start...
Nvidia Corp. shares were set to hit a record high in early trading after the chipmaker at the forefront of an industrywide artificial intelligence race delivered a third-straight sales forecast that surpassed Wall Street estimate. Shares rose 8.7% to $512 before markets in New York opened on Thursday after Nvidia...
Republican presidential candidate Nikki Haley backed an increase in the retirement age that would be tied to life expectancy as a way to counter rising U.S. government debt a day after her standout performance in the first GOP debate. “We change retirement age to reflect life expectancy instead of cost-of-living...