Dow futures jump over 300 points on bets market is oversold after blue-chip gauge falls into bear market

U.S. stock-index futures on Tuesday pointed to Wall Street bouncing off a 21-month low and snapping a five-day losing streak as recent volatility in global bond and currency markets subsided. How are stock-index futures trading Futures on the Dow Jones Industrial Average YM00, +1.06% climbed 321 points, or 1.1%, to 29,664. S&P 500 futures ES00, … Read more

Will This Be Another ‘Lost Decade’ for the Stock Market?

Text size Investors are staring at a ‘lost decade.” NYSE After four decades of incredible performance, the stock market could be at the beginning of a lost decade. Yes, the S&P 500 has dropped 2.5% on Friday, and is down 23% in 2022. But it’s impossible to overstate just how good stock market returns have … Read more

Buying the Stock-Market Dip Is Backfiring. Investors Keep Piling In Anyway.

Updated Sept. 25, 2022 1:25 pm ET Listen to article (2 minutes) It is the worst year for buying the stock-market dip since the 1930s.   Instead of rebounding after a tumble, stocks have continued to fall, burning investors who stepped in to buy shares on sale. The S&P 500 has dropped 1.2% on average this … Read more

HSBC trims UK investment bankers as layoffs pick up pace

HSBC has trimmed front-line staff from its investment bank in the UK, as a dealmaking slump this year is set to prompt a fresh round of layoffs across the sector. The UK lender, which is in the midst of an ongoing cost-cutting exercise unveiled in February 2020, has axed a handful of roles within its global … Read more

Credit Suisse set to roll out new retention bonuses for UK dealmakers

Credit Suisse is set to extend retention bonuses to a select band of senior dealmakers in London in a bid to stem defections as it embarks on a fresh cost-cutting programme. The Swiss bank will pay dealmakers in Europe and the UK additional bonuses in the coming weeks, according to people familiar with the matter, after … Read more

Credit Suisse draws up plans to split investment bank in three

Credit Suisse could split its struggling investment bank into three parts, a move that would involve thousands of job cuts as the Swiss bank reshapes its business. The bank has drawn up plans to split its beleaguered investment banking unit, including creating a so-called ‘bad bank’ to hive off unwanted assets, the Financial Times reported … Read more

Stocks crashing? No, but here’s why this bear market feels so painful — and what you can do about it.

Hashtags about a stock-market crash may be trending on Twitter, but the selloff that has sent U.S. equities into a bear market has been relatively orderly, say market professionals. But it’s likely to get more volatile — and painful — before the market stabilizes. It was indeed a white-knuckle ride for investors Friday as the … Read more

Metaverse funds top $2bn as Fidelity, LGIM, Franklin chase ‘theme du jour’

Funds investing in the metaverse are now managing more than $2bn globally, as a flurry of launches from some of Europe’s biggest asset managers look to take advantage of a hot investment trend. Data from Morningstar, provided to Financial News, shows a sharp increase in assets managed by funds focused on immersive virtual worlds, as well as in the … Read more

Tumbling Markets Imperil Tech, the Dollar, and Private Equity

Text size Japan has had to intervene to support the sliding yen for the first time since 1998, even as it tries to keep its interest rates low. Akio Kon/Bloomberg The world has been hooked on cheap money for years. Now we’re witnessing what withdrawal looks like. Lifting interest rates from nil has produced a … Read more

Hedge fund Millennium’s €126m Porsche short signals bearish bet on IPO

Ahead of Volkswagen’s IPO of Porsche AG in a few weeks, hedge fund Millennium International Management has built a large short position in Porsche SE. According to data from research firm Breakout Point, Millennium disclosed a position representing 0.6% of the company’s shares on 14 September. A rough estimate based on current market capitalisation would … Read more