Financials

Qualcomm soars after introducing new artificial-intelligence servers meant to compete with Nvidia and AMD, while MP Materials falls as Treasury Secretary Scott Bessent says he expects China to defer its tightened export controls on rare-earth materials.

The company’s digital advice service is gaining traction with customers.

Trian disclosed it was buying shares of Janus Henderson in October 2020, and it currently has two representatives on the Janus Henderson Board.

Switzerland’s largest bank is striving to grow its business in the U.S., where it operates a large wealth management unit serving high-net-worth and ultrahigh-net-worth clients.

Traders are betting on a smooth series of interest-rate cuts, but Fed officials are signaling slower cuts with long pauses in between them.

The acquisition expands the advisor ranks at Equitable, which currently has 4,500 financial professionals.

Concerns about growth have weighed on shares, but they now look like a bargain.

Despite the common moniker, much of the recent success has been built around a boom in private credit as opposed to equity. There are signs that the trend has entered its baroque period.

The private-markets firm, after a stunning rise, has seen its stock tumble this year on concerns over private credit. Goldman and others now call it undervalued.

The shares have recovered on Thursday, but remain far from recouping their large losses.

Peter Orszag spoke with reporters as the firm disclosed its financial results.

Extended trading could change everything from staffing models to market volatility. What happens when a bank collapses at 1 a.m.?

The company’s fiscal fourth-quarter results beat Wall Street estimates, and Raymond James’ client assets under administration reached a record $1.73 trillion.

The stock was on pace for its biggest single-day decline since April 4.

The wealth management and investment banking company said client assets reached a record $544 billion.

The regional lender previously disclosed that it is suing a borrower for alleged fraud.

General Motors rises sharply after posting better-than-expected third-quarter earnings, while Warner Bros. begins a review of strategic alternatives, including a sale of the entertainment company.

Last week, the regional lender disclosed a $50 million charge, which was related to an internal investigation that identified “apparent misrepresentations” by two borrowers.

Apple stock rises after analysts at Loop Capital boost their rating on the iPhone maker to Buy from Hold, while Nvidia unveils the first Blackwell wafer made in the U.S. with a chip produced by Taiwan Semiconductor Manufacturing.

A string of high-profile bankruptcies, including First Brand and Tricolor, have spooked credit markets.

The asset manager raised its stake in the brokerage platform by more than 40%.

A Wall Street trade group says current rules regarding unauthorized messaging platforms are outdated.

Zions Bancorp trades higher following a drop of 13% in the previous session on bank loan worries, while American Express rises after posting better-than-expected earnings.

The investment bank’s exposure to First Brands ‘is in reality very limited,’ say Oppenheimer analysts.