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What did Zions Bancorp & Western Alliance do, and why is Wall Street so volatile?

Zions Bancorp announced a $50 million charge-off on two troubled loans at its California Bank & Trust unit, while Western Alliance Bancorp…
Stock

Japan’s megabanks unite on digital yen and dollar stablecoin initiative

Japan’s three largest financial groups — Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC), and Mizuho Financial Group — are…
Stock

TSMC profit surge shows how AI demand reshapes global chip supply chains

Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a sharp rise in quarterly profit, underscoring how artificial intelligence (AI) is rewriting the dynamics…
Stock

Barclays share price to soar as US investment banking growth soars

Barclays share price has moved sideways this week as investors focus on the ongoing earnings by its biggest American peers like JPMorgan,…
Stock

Asian stocks end higher: Nikkei climbs 1.27%, Kospi surges over 2%

Asian equities advanced on Thursday, extending gains from the previous session as investors grew increasingly confident that the US Federal Reserve would…
Stock

World Gold Council says gold’s run not out of steam yet

Even as gold prices continue to hit new record highs every trading day, the rally might still have some legs, according to…
Stock

Dow futures surge 150 points on Thursday: 5 things to know before Wall Street opens

Dow futures rose nearly 150 points on Thursday, reflecting cautious optimism among investors following strong earnings from major banks. A similar pattern…
Stock

What’s behind Credit Suisse’s $440 million lawsuit against SoftBank and why it failed

A UK court has dismissed a $440 million lawsuit against Japan’s SoftBank group filed by Credit Suisse over losses from the collapse…
Stock

Nscale secures $14B Microsoft AI chip deal to power global data centres

London-based Nscale, backed by Nvidia, has struck a deal worth up to $14 billion with Microsoft to deploy roughly 200,000 Nvidia GB300…
Stock

Dow futures climb 200 points on Wednesday: 5 things to know before Wall Street opens

Dow futures edged higher on Wednesday as investors look optimistic over a potential Federal Reserve rate cut and strong performance in chip…
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