Piper Sandler believes S&P 500 vulnerable to a correction, dumps Nvidia from its model portfolio
The Wall Street firm anticipates a 5% to 10% pullback in the broad market index in the coming weeks, citing extended valuations.
European markets close slightly higher; H&M up 15% after profit beat; Sweden holds rates
European stocks closed slightly higher on Wednesday, regaining steam after a subdued start to the session. H&M leapt to the top of the Stoxx 600 index.
Boeing needs to be led by engineers, time is not on its side, Emirates Airline president says
Aviation analysts and former Boeing employees have criticized the company’s reported sidelining of engineers in its senior management ranks.
‘Too early to judge’: Global carmakers contend with closure at busiest U.S. auto port
“The situation is still developing and we will do our best to make sure we find ways to distribute vehicles out into the market,” Volkswagen USA CEO told CNBC.
UK Libor trader Hayes loses appeal against rate-rigging conviction
Tom Hayes, the first trader jailed worldwide for interest rate rigging, lost his appeal against his conviction in a London court on Wednesday.
Russia claimed the West, Kyiv ordered the Moscow terror attack. Now it has the problem of proving it
Accusations against Ukraine and the West give Moscow a problem: It now has to find the evidence to back up its unsubstantiated claims.
The UK is regulating memes about crypto and other investments to curb scams from ‘finfluencers’
The Financial Conduct Authority said marketing for financial products — including those expressed in memes — should be fair, clear, and not misleading.
Japan’s yen hits 34-year-low, heating talk of intervention
The Japanese yen on Wednesday hit its weakest level since 1990, fueling debates about whether policymakers will intervene to prop up the currency.
U.S. stocks have ‘limited upside’ from here, says Goldman Sachs Asset Management
U.S. stocks have “limited upside” from here and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset Management.
China’s Xi meets U.S. executives as businesses navigate bilateral tensions
U.S. business leaders met with Chinese President Xi Jinping, the latest of Beijing’s efforts to bolster foreign investment in China amid tensions with the U.S.
