Wall St Week Ahead: US summer stock rally at risk as September looms
NEW YORK: The 10.7% rally in the S&P 500 from its June lows is stumbling as it runs into what has historically been the toughest month for the U.S. stock…
BofA Securities expects re-ratings for SBI and BoB
BofA Securities expects shares of State Bank of India and Bank of Baroda to see a valuation re-rating, on account of continued improvements in their growth profile. These state-run banks…
Corporate buybacks gain steam with banks poised to boost buying
High stock price valuations may be giving some investors pause, but it hasn’t stopped U.S. corporations from plowing even more cash into their shares. Morgan Stanley and Wells Fargo Inc.…
Does money grow on volcanoes? El Salvador explores Bitcoin mining
El Salvador's President Nayib Bukele said on Wednesday that he has instructed state-owned geothermal electric firm LaGeo to develop a plan to offer bitcoin mining facilities using renewable energy from…
Private equity vows to help the world. Lenders want proof
LONDON: Words can be cheap in the market for loans, now some lenders want to change that. In recent years, borrowers have been able to get a reduction in their…
Caught short strategists are a stealth stock market accelerant
By Lu Wang and Claire Ballentine With bond yields jumping and inflation expectations surging, this would seem like a strange time for optimism to break out among Wall Street’s equities…
Transitory or not, signs of inflation are roiling asset markets
By Liz Capo McCormick and Kriti Gupta Over and over again, Federal Reserve officials have advised that any pickup in inflation this year was bound to be transitory. Traders in…
Copper just smashed past a record. Here’s what you need to know
Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year. The previous copper record was set in 2011, around the…
Brookfield REIT plans $600 mn IPO
MUMBAI: Global asset management major Brookfield will file for a USD 600 million (around Rs 4,440 crore) initial public offering for its real estate investment trust (REIT), merchant banking sources…
Bank of America customer finds an extra $2.45 billion in mobile banking app
At Bank of America, the multibillion-dollar mishap wasn’t the first involving customer accounts. (Reuters photo)Days after Citigroup Inc. made headlines for accidentally sending $900 million to a group of lenders,…