Anthropic, the company behind the Claude AI models, has added Citigroup to its IPO banking team, joining Morgan Stanley, Goldman Sachs, and JPMorgan Chase, as it prepares for a potential Nasdaq listin…
US stocks closed lower on Thursday, with the S&P 500 down 0.9%, Nasdaq down 1.0%, and Dow Jones down 1.3%, as rising bond yields and oil prices fueled inflation concerns. The VIX volatility index rose…
ByteDance, the parent company of TikTok, attracted over $30 billion in orders for a $20 billion syndicated loan, its largest-ever offshore facility, with a three-year tenor extendable to five years. T…
OpenAI CEO Sam Altman said he was 'peer pressured and kind of tricked' into applying for a Goldman Sachs internship during his sophomore year, which he turned down, but now Goldman Sachs is helping pr…
QTS Data Centers, a Blackstone portfolio company, is holding exploratory investor calls coordinated by Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley for a potential bond offering, as re…
JPMorgan raised its S&P 500 year-end target to 8,000 from 7,800, citing strong second-quarter earnings and evidence that AI investment is translating into customer demand. The new target implies appro…
Indonesia's second-largest mobile carrier Indosat is seeking around US$2 billion in loans to purchase advanced chips for its local operations, with Citigroup arranging the deal and approaching other b…
Fidelity International, BNP Paribas Asset Management, and other big Asia stock funds are reducing exposure to volatile AI-related markets like South Korea and Taiwan, rotating into laggards such as Ch…
Zhongji Innolight, a Chinese maker of high-speed optical transceivers, is pursuing a Hong Kong listing worth up to $8bn, which would be the city's largest IPO since Alibaba's $12.9bn debut in 2019. Th…
The five largest Wall Street banks — JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley — collectively reported $114 billion in capital markets revenue in the first half of …
Asian stocks tumbled this week even after Taiwan's TSMC reported blockbuster numbers, with Korea's KOSPI plunging 6% on Thursday amid concerns about AI capex durability and unwinding of leveraged posi…
Five major US banks—Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—collectively cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in at least six years, even…
Goldman Sachs booked a record $3.4bn in investment banking fees in the second quarter, up 55% year-on-year, driven by what CEO David Solomon called an AI CapEx super cycle. Equity underwriting rose 13…
Morgan Stanley reported record net income of $5.58 billion, or $3.46 per share, and record revenue of $21.35 billion in the second quarter, driven by an AI-fueled surge in trading and dealmaking. The …
Wall Street's biggest banks reported collective profits of $49 billion in Q2, up 39% year over year, driven by an AI boom that fueled record equity trading and underwriting fees. Goldman Sachs CEO Dav…
Goldman Sachs CEO David Solomon said Wall Street is in the middle of an AI capex 'super cycle' that is driving elevated levels of strategic activity, financing, and capital formation across markets, a…
JPMorgan Chase reported a record quarterly profit of $21.2 billion for the second quarter, the highest ever for a US bank, driven by a 28% revenue increase to $57 billion and a $4.6 billion gain from …
SK Hynix surged 13% in its Nasdaq debut on Thursday, raising $26.5 billion in the largest US IPO by a foreign company. The South Korean chipmaker, a dominant supplier of high-bandwidth memory for Nvid…
SK Hynix, the South Korean memory chipmaker, began trading on the Nasdaq today in the largest-ever U.S. stock listing by a foreign company, offering American depositary shares to investors. The compan…
SK Hynix raised about $26.5 billion in its Nasdaq debut, one of the largest US share sales by a foreign company, giving global investors access to the AI memory leader. The South Korean chipmaker, whi…