(Bloomberg) -- Chinese investors dumped a record amount of US securities, both stocks and bonds, in May as diplomatic tensions remained elevated between the world’s largest economies.Most Read from BloombergFunds in the Asian nation offloaded a net $42.6 billion worth...
NEW YORK (Reuters) - A former Citigroup (C) managing director who said she was fired because she refused to mislead a federal regulator about the bank's risk management accused Citigroup's chief operating officer of intentional deception, according to an amended...
AndreyKrav/iStock, Michael M. Santiago/Getty, Tyler Le/BINvidia plans to reveal examples of how its end customers make money on AI chips, Goldman Sachs says.The reveal is set to come in Nvidia's earnings call, and it could silence AI skeptics.Goldman Sachs expects...
(Bloomberg) -- Texas’ largest public pension fund has decided to shift almost $10 billion out of private equity investments, a blow to an asset class that has faced heightened scrutiny amid dwindling returns and a slowdown in exits for portfolio...
Tech is overstretched and waning enthusiasm could spark a big correction, SocGen's Albert Edwards said. OsakaWayne Studios/Getty ImagesThe hype for tech stocks could be approaching an end, according to Albert Edwards.The SocGen strategist has been warning of a recession and...
Netflix (NFLX) said Thursday that it will phase out its lowest-priced ad-free streaming plan in the US and France after removing that sign-up option in the UK and Canada last year.The "Basic" plan had been offered to US consumers for...
(Bloomberg) -- Hawaiian Electric Industries Inc. is among the companies that have tentatively agreed to pay more than $4 billion to resolve hundreds of lawsuits over the wildfires that ripped through Maui last year, according to people familiar with the...
Netflix (NFLX) reported second quarter earnings on Thursday that initially sent the stock 6% lower in after hours trading after the streaming giant's revenue outlook missed Wall Street's expectations for the current quarter. But shares recovered during the earnings call...
One of Wall Street's favorite calls to start 2024 has finally joined the stock market rally.After significantly underperforming the broader market for the first six months of the year, small caps have been soaring in the past week following a...
Netflix (NFLX) reported second quarter earnings that beat expectations on Thursday but the stock fell as much as 6% in after hours trading after the streaming giant's revenue outlook missed Wall Street's expectations for the current quarter.Revenue hit $9.56 billion...
