Bank of America's Michael Hartnett is advising investors to reduce exposure to risk assets, citing a Federal Reserve he sees as lacking credibility and a brewing currency crisis in Asia that could trigger market contagion.
Global wealth manager UBS advises investors to move excess cash into diversified portfolios, arguing that waiting for risks to subside could lead to underinvested capital and missed opportunities.
Investing.com's AI-driven stock selection service reported significant gains for several of its July picks, including multiple returns over 50%, during a month characterized by a market rotation away from mega-cap technology stocks.
A plan by FIFA to sell a 20% stake in its World Cup commercial rights has reportedly collapsed following a senior adviser's resignation and widespread opposition from global soccer confederations.
Citadel has acquired a portion of the public equities portfolio from hedge fund Situational Awareness after it sustained heavy losses from a selloff in artificial intelligence stocks. The move is a familiar one for founder Ken Griffin, who has a history of capitalizing on market dislocations.
Alphabet's Google has suspended a new generative AI feature in Google Earth just one day after its debut, following user-generated content that violated company policies and raised concerns about misinformation.
Bank of America strategists have identified three major hurdles for Japanese equities in August: rising oil prices, a hawkish U.S. Federal Reserve, and the potential unwinding of crowded market positions.
World soccer's governing body has reversed course on selling a stake in the World Cup to private investors, with President Gianni Infantino citing divisions created by the proposal.
A Russian missile attack on Ukraine's capital early Saturday resulted in at least three deaths and caused a residential building to partially collapse, according to city officials. The strike highlights ongoing geopolitical risks in the region as Russia intensifies its aerial assaults.
