Wall Street

Vantage | Will Israel-Hamas war lead to a global recession?

Normalising conflict can lead to its spread with dire consequences for the global economy

AI will lead to an unavoidable market crash, cause 'massive' financial crisis warns Wall Street watchdog

Gary Gensler, the Chairman of the US SEC has warned that using AI in the financial markets in an unregulated manner will lead to a massive stock market crash, which in turn will lead to a gargantuan, one of the worst financial crashes

The Power of AI: Why Nvidia became the first chipmaking company to enter $1 trillion club

Nvidia, a company known for making graphics processing units favoured by hardcore gamers, is benefitting from the hype surrounding Artificial Intelligence on Wall Street. Its GPUs have become a go-to for researchers looking to train and run such programmes

Goldman Sachs to pay $215m for sex discrimination: The case explained

The lawsuit against Goldman Sachs has finally reached a settlement after more than a decade, with the Wall Street bank paying Rs 17.63 billion to over 2,800 female employees. The lawsuit alleged the bank underpaid women compared to men, and denied them promotions

Trouble for Elon Musk: Tesla lost over $140 billion in market value in less than a month

Things aren't going well for Tesla and Elon Musk. The EV giant has lost over $140 billion in its market value in less than a month. Tesla's investors have accused Musk of ignoring Tesla and focusing completely on Twitter.

Silicon Valley Bank collapse concerns founders of color

While Wall Street struggles to contain the banking crisis after the swift demise of SVB industry experts predict it could become even harder for people of colour to secure funding or a financial home supporting their startups

Credit Suisse down 11% as share price plunge increases

Markets had rebounded after several Wall Street titans including JP Morgan, Bank of America and Citigroup stumped up $30 billion on Thursday to deposit into troubled US lender First Republic

Credit Suisse Troubles: What's happening at the Swiss bank and how has it renewed banking crisis fears?

Credit Suisse shares plunged to record lows of 30 per cent, prompting it to borrow $54 billion from the Swiss central bank. This plummet comes just days after the collapse of Silicon Valley Bank and Signature Bank in the US, sparking concerns about the health of the global financial system

Goldman Sachs plans to reduce asset management investments; details to be revealed on 28 February

Goldman's fourth-quarter performance was extremely disappointing. It missed Wall Street profit targets by a huge margin

S&P 500 closes out dismal year with worst loss since 2008

Stocks struggled all year as inflation put increasing pressure on consumers and raised concerns about economies slipping into recession. Central banks raised interest rates to fight high prices