Today
Morgan Stanley’s Ted Pick to succeed CEO James Gorman
The head of investment banking and trading was one of three internal candidates, as James Gorman steps down in January after 14 years at the helm.
- Sridhar Natarajan
This Month
- Opinion
- Chanticleer
How Bill Ackman set off a wild night on markets
The legendary Wall Street hedge fund billionaire announced that he had covered his short in a night of bond market turbulence where the 10-year Treasury yield hit 5 per cent before plunging.
- James Thomson
- Opinion
- Federal Reserve
The Fed pivot that turbulent Treasuries need
At a minimum, US policymakers need to shift from backward-looking data to combining data dependency with a clearly articulated economic vision.
- Mohamed El-Erian
Morgan Stanley’s Wilson says profit estimates are too high
The odds of a year-end rally in US stocks are fading as investors face a multitude of risks, according to Morgan Stanley’s Michael Wilson.
- Sagarika Jaisinghani
- Opinion
- Chanticleer
The ASX 200 has gone nowhere for 16 years
It’s not just bond yields testing levels not seen since just before the GFC. The ASX 200 is back where it was in November 2007, as Wall Street faces a crucial test.
- James Thomson
Nvidia dip-buyers burned by US chip battle with China
What looked like a prescient bet in mid-September – the stock surged 14 per cent over 15 trading days – has turned sour.
- Carmen Reinicke
‘Inflation is still too high’: Federal Reserve chairman
Jerome Powell said the “resilience” of both economic growth and the labour market “could warrant further tightening of monetary policy”.
- Updated
- Matthew Cranston
Musk reveals Cybertruck delivery date
Tesla CEO Elon Musk has revealed Cybertruck electric pickup truck deliveries would begin next month.
- Akash Sriram, Hyunjoo Jin and Joseph White
Can this man reverse Goldman Sachs’ falling profits?
Responsibility for correcting two years of declines at the famed investment bank falls on the head of its funds management division.
- Sridhar Natarajan
More than half of fundies betting on year-end rally: BofA
As higher rates for longer whipsaws market sentiment, global fund managers have edged higher their cash positions, a contrarian buy equities’ signal.
- Timothy Moore
Glen Point trial reveals Morgan Stanley tried to buy back option
Morgan Stanley offered to buy back the option on December 18, 2017, starting at $US9 million. Three hours later, the bank said it was willing to pay $US13 million.
- Chris Dolmetsch and Carter Johnson
Goldman profit slumps 33pc as Solomon pleads patience on pivot
A second straight quarter of real estate writedowns and a continued dealmaking slump dented the Wall Street firm’s profitability.
- Sridhar Natarajan
US retail sales top forecasts in sign of durable consumer demand
The value of retail purchases, unadjusted for inflation, increased 0.7 per cent after an upwardly revised 0.8 per cent gain in August.
- Augusta Saraiva
- Opinion
- Chanticleer
Howard Marks just said the most dangerous words for investors
The Wall Street icon has made one of the biggest calls in his career by predicting those who “confuse brains and a bull market” might be about to suffer.
- James Thomson
- Opinion
- Review
When your fiancée gets that Wall Street hedge fund job you wanted
New Netflix film Fair Play is a gripping battle of the sexes set in a toxic, misogynist corporate world where power and sex are inextricably linked currencies.
- Jake Coyle
How this hedge fund pulled off 2023’s ‘big short’
Ravi Chopra’s Azora Capital successfully shorted all four of the US banks that failed in March and sent financial markets reeling.
- Joshua Peach
Hedge funds get new SEC mandate for reporting short sales
The US regulator finalised rules on Friday that require hedge funds and other big investors to report gross short positions in certain stocks at the end of each month.
- Lydia Beyoud
Wild bond market moves show loss of anchors
The rout in the US government bond market can be attributed to the absence of all of its anchors, according to Mohamed El-Erian.
- Isabelle Lee and Jonathan Ferro
JPMorgan notches another net interest income record, lifts guidance
JPMorgan, Wells Fargo and Citigroup each reported solid third-quarter results, bolstered by higher interest rates.
- Hannah Levitt
Morgan Stanley’s Wilson sees US stocks on ‘boom-bust-boom’ path
The prominent Wall Street equity bear’s target for the S&P 500 Index implies about a 10 per cent drop through the end of December.
- Natalia Kniazhevich
