Wall Street’s powerful year-long rally hit a sharp setback on Thursday, as investors punished mega-cap tech leaders and recalibrated expectations for how aggressively the Federal Reserve may cut rates heading into 2026. The sell-off, led by Nvidia and other AI…
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When UBS absorbed Credit Suisse in March 2023, the historic state-engineered rescue was framed as the only viable path to prevent a broader banking crisis. More than two years later, the Swiss National Bank (SNB) says the aftershocks are still…
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European financial officials are quietly debating whether to pool dollar reserves across multiple central banks in an attempt to reduce their exposure to the U.S. Federal Reserve’s liquidity backstops — a foundational piece of the global financial system that has…
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In a deal that underscores the accelerating race to build the backbone of artificial intelligence, Nebius Group has signed a $3 billion, five-year agreement with Meta to supply advanced AI infrastructure — marking a major moment for one of the…
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Private-sector payroll data indicate that American employers were cutting jobs at an accelerating pace through late October, with new figures suggesting more than 11,000 positions lost each week, a trend that could strengthen the case for further interest rate cuts by…
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