The rally in equities is set to grind to a halt as investors come to grips with slowing U.S. growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management. Tighter lending standards and fledgling signs of slack in the labor market suggest that...
Bankers, money managers and other financial market participants are starting to loathe the label “ESG” — but they’re also sticking with the strategy, according to a Bloomberg survey. About two-thirds of respondents in a survey of roughly 300 Bloomberg terminal users said the anti-ESG movement that started in the U.S. last...
The Securities and Exchange Commission has not yet come to a decision on whether to approve the ARK 21Shares bitcoin ETF application, delivering another delay for the long-awaited product. The issuer had originally filed in April, and regulators had until Aug. 13 to say whether they would approve, reject or...
Fines tied to unauthorized communications on Wall Street have topped $2.5 billion, and that’s probably not the last of it. Filings and media reports show that regulators have quizzed more than a dozen other firms about the use of unofficial channels like WhatsApp, personal texts and email to conduct business....
S&P Global Inc. will no longer publish ESG scores along with its credit ratings, as the company adjusts its approach in response to investor feedback. The update, which took place last Friday, was triggered by expressions of confusion from investors who use S&P’s corporate credit ratings, according to a person...
Bitcoin may be closer to bursting out of a period of unusually low volatility if chart patterns and the token’s history are any guide. Some gauges of how much the largest digital asset swings around dropped toward a record low in the past month as bitcoin hovered around $30,000. The...
Wells Fargo & Co. and BNP Paribas are among firms that will pay hundreds of millions of dollars total in penalties for employees using unofficial communications like WhatsApp to conduct business — the latest salvo in U.S. regulators’ crackdown on how Wall Street keeps records. Wells Fargo units agreed to...
Bulging sales of Treasuries are about to deliver a major test of investor demand and determine whether a sell-off has room to run as the market braces for the biggest round of refunding auctions since last year. Yields have surged since late July, and climbed again Monday, amid evidence of a resilient...
Cathie Wood said that the Securities and Exchange Commission may approve multiple spot-bitcoin ETFs at the same time, reversing an earlier view that her firm would be first in line to get potential approval for the long-awaited product. “I think the SEC, if it’s going to approve a bitcoin ETF,...
Warning bells are ringing for U.S. stocks given signs that high fiscal spending, which underpinned economic growth this year, is unsustainable, according to Morgan Stanley’s Michael Wilson. The strategist — one of the most bearish voices on Wall Street — said Fitch Ratings’ downgrade of U.S. government debt last week...