Bank Stocks Unravel in Worst Rout Since 2020
A combination of higher inflation and higher rates has caught up with bank stocks, now on course for worst monthly performance in more than two years.
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Hedge Fund Cuts China Stocks to Zero in Year Worse Than 2008
Shanghai Banxia Investment Management Center has cut its stock exposure to zero in anticipation of worsening economy and further declines in equities.
S&P 500 Ready to Join Bear Market, Says Morgan Stanley
S&P 500 about to drop sharply, Morgan Stanley’s Michael Wilson warned, investors struggle to find havens amid fears of recession and Fed tightening.
Ackman's Fund Likely Feeling the Netflix Pain as Shares Plunge
Billionaire investor's hedge fund, Pershing Square Capital Management, was likely nursing losses as Netflix shares tumbled 26% in after-hours trading.
U.S. Stocks See Biggest Outflows of Year as Recession Fears Bite
Investors are rapidly exiting stocks, with U.S. equities seeing their biggest weekly outflows of the year as recession fears take hold.
Commodity Stocks Oust Financials as Canadian Market Heavyweights
Canada’s resources sectors have overtaken financials as the heavyweights of its main equity index for the first time since August 2020.
U.S. Banks' Commodity Trading Exposures Rise on Russia Conflict
Wall Street banks' commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values.
