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Analysis: Swiss policy pivot signals exit for big stock and bond investor

Analysis: Swiss policy pivot signals exit for big stock and bond investor

Central bank no longer sees Swiss franc as “highly valued” Had invested FX bought to weaken the currency May start unwinding its huge stock and bond holdings SNB says would seek to minimise any market impact LONDON, June 24 (Reuters) – From Silicon Valley shares to U.S. and European government bonds, securities that are already … Read more

Wall Street stock trading rules set for overhaul – Reuters

Wall Street stock trading rules set for overhaul - Reuters

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, June 8 (Reuters) – The top U.S. securities regulator … Read more

European stocks slip; markets raise ECB rate hike bets – Reuters

Stocks slip as Australia rate hike heightens policy worries - Reuters

LONDON, June 8 (Reuters) – European stocks slipped on Wednesday and Wall Street futures were in the red as worries that central bank tightening will stifle global growth weighed on markets. The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning of a period of “feeble … Read more

Tech stocks, cryptocurrencies vulnerable as Fed ends liquidity binge: Bloomberg – Mint

FILE PHOTO: Representations of virtual cryptocurrencies are placed on U.S. Dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic (REUTERS)

According to the most popular comments among 687 contributors to the latest MLIV Pulse survey, that is the overall expectation for Wall Street and beyond, as the Fed begins cutting its asset holdings this month in a process known as quantitative tightening. The historic shift is considered as a significant danger to risk-sensitive assets like … Read more

Microsoft warns of forex hit, cuts forecast

Microsoft warns of forex hit, cuts forecast

Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register June 2 (Reuters) – Microsoft Corp (MSFT.O) on Thursday cut its fourth-quarter forecast for profit and revenue, making it … Read more

Elon Musk Asks Jeff Bezos to Make an Important Choice – TheStreet

Elon Musk Asks Jeff Bezos to Make an Important Choice - TheStreet

Elon Musk has advice for Jeff Bezos.  The two tech moguls are respectively the richest man in the world and the second richest man in the world.  At one point they both gave the impression that they did not agree on anything and especially that they were opposed to each other. But for the past … Read more

UK equities record best week since mid-March – Reuters

UK equities record best week since mid-March - Reuters

A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett/File Photo Register now for FREE unlimited access to Reuters.com Register Miners rise as metal prices gain ground Deliveroo down on JPMorgan downgrade Banks, retailers among top weekly performers FTSE 100 up 0.3%, FTSE … Read more

Chipmaker Broadcom to buy VMware in $61 bln deal – Reuters.com

Chipmaker Broadcom to buy VMware in $61 bln deal - Reuters.com

May 26 (Reuters) – Broadcom Inc (AVGO.O) said on Thursday it will acquire cloud computing company VMware Inc (VMW.N) in a $61 billion cash-and stock deal, the chipmaker’s biggest and boldest bid to diversify its business into enterprise software. The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp’s … Read more