Wells Fargo equity analyst Ohsung Kwon said nearly $20 billion should come in from the accounts.
Klarna seeks U.S. bank charter in latest push beyond buy now, pay later
Klarna joins a wave of fintech and crypto firms seeking entry to the traditional banking system.
Stocks making the biggest moves premarket: Lam Research, Intel, DataDog & more
These are the stocks posting the largest moves premarket.
Macquarie says now is the ‘best time’ to buy Chinese AI chip stocks. This one’s its favorite
Macquarie began research coverage of five Chinese companies making chips for artificial intelligence applications.
The World Cup sends prediction market volumes soaring to record highs
Trading volumes on Kalshi and Polymarket both hit record highs in June. Rothera, a new prediction market platform, was also able to manage $2 billion in volume.
Don’t throw away your shot to speak to an AI Alexander Hamilton at Boston’s new finance museum
Nearly a decade after leaving its former home, the Museum of American Finance is opening its new doors to the public.
Manhattan luxury real estate sales hold firm despite fears of a ‘Mamdani effect’
A month after the passage of a tax on second homes in New York City, brokers and analysts said sales of luxury real estate remain strong.
Christine Lagarde leaves door open to early ECB exit, as she mulls French politics
The European Central Bank’s Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics.
Citadel’s hedge funds post broad first-half gains, top performing strategy sidesteps quant selloff
The hedge fund firm’s tactical trading fund, which combines discretionary equity investing with quantitative strategies, climbed 14.3% through the end of June.
Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era
A drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.