Mortgage Market Upheaval Spurs $17 Billion in Paper Losses for Banks
Rising rates buoy revenue for the country’s largest banks, in the short term they also force them to write down the value of assets they hold.
Recent
Quants Forced to Shed $225 Billion of Short Bets in Big Squeeze
(Bloomberg) - Fast-money quants were effectively forced to buy an estimated $225 billion of stocks and bonds over just two trading sessions, as one of Wall Street’s hottest strategies in th
Elon Musk Bans Twitter Employees From Working Remotely
Musk banned Twitter employees from working remotely, saying they need to spend 40 hrs. a week in office unless he gives express permission otherwise.
Robinhood Gave Its Customers Access to IPOs That All Flopped
Robinhood Markets Inc. CEO Vlad Tenev was fielding questions on the company’s latest earnings call when one person asked about a dormant project.
Morgan Stanley’s Wilson Says US Midterms Set to Fuel Stock Rally
Investors should stay bullish on equities ahead of this week’s US midterm elections, according to Morgan Stanley’s Michael Wilson.
The Fintech Layoffs Just Keep on Coming
Sadly, it felt like we got news of layoff after layoff.
Goldman Wealth Strategist Sees Buying Opportunity in Stock Slump
Stocks are worth buying because they’ve fallen so far that further dramatic declines are unlikely.
