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Trump Nominates Kevin Warsh to be Next Fed Chair
Opting for a conventional choice to lead the Federal Reserve, President Trump on Friday nominated former Fed governor Kevin Warsh.
Software Stocks Enter Bear Market On AI Disruption Fear With ServiceNow Plunging 10%
Investors question whether AI competitors and automation tools could erode demand for traditional software licenses and workflows.
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Goldman Warns Against Being ‘Too Early’ in Fading Recession Risk
Investors may be getting overconfident in betting the Federal Reserve may cut interest rates sooner to bolster a flagging US economy.
Credit Suisse Shares Falter on Bleak Ratings News
Shares of Credit Suisse fell more than 6% after ratings agencies Moody's and S&P's "negative" outlook on the Swiss bank.
Silicon Valley Somewhere in 5 Stages of Grief. 'We’re Probably Somewhere Between Anger and Bargaining'
The cofounder of VC firm says bear market has Silicon Valley somewhere in 5 stages of grief. ‘We’re probably somewhere between anger and bargaining’.
Canada's TD Bank Eyes Further U.S. Expansion With $1.3 Billion Cowen Purchase
Canada's Toronto Dominion Bank said it will buy New York-based boutique investment bank Cowen Inc for $1.3 billion in cash.