Page 6 - Wall Street

Wall Street T+1 switch is causing more pain than we thought: Citigroup

The T+1 shift was a global event for the financial industry because it affected every institution and investor with cash in the US capital markets

Palo Alto forecasts earnings above estimates on cybersecurity demand

Beginning this quarter, the company will give next-generation security annual recurring revenue as the key financial metric for revenue projections both quarterly and annually, CFO Dipak Golechha said

WSJ reporter Gershkovich's closed trial for espionage to begin in Russia

Fifteen months after Wall Street Journal reporter Evan Gershkovich was arrested in the Russian city of Yekaterinburg on espionage charges, he returns there for his trial starting Wednesday behind closed doors. The 32-year-old Gershkovich, the American-born son of immigrants from the USSR, is the first Western journalist to be arrested on espionage in post-Soviet Russia. Both his employer and the US government vigorously deny the allegations; the State Department has declared him wrongfully detained, thereby committing the government to assertively seek his release. The newspaper has worked diligently to keep the case in the public eye and it has become an issue in the combative months leading up to the US presidential election. Since his arrest on March 29, 2023, Gershkovich has been held in Moscow's notoriously dismal Lefortovo Prison. He has appeared healthy during court hearings in which his appeals for release have been rejected. Evan has displayed remarkable resilience and ..

Wall Street mixed, dollar rises ahead of CPI data, Fed policy meeting

NEW YORK (Reuters) -The S&P 500 backed down from the previous day's record closing high while the dollar gained strength on Tuesday, as investors turned a cautious eye to upcoming inflation data and the U.S. Federal Reserve's policy meeting.

Wall Street's faster trade settlement sees some temporary processing bumps

The shift in the world's largest financial market is aimed at making market infrastructure more resilient, but investors and regulators braced for increased trade failures and other hiccups

Wall Street moves to fastest settlement of trades with T+1 system

Two big, immediate tests also loom for the T+1 system: First, Wednesday's so-called double settlement day, where T+2 trades from Friday come due at the same time as Tuesday's T+1 transactions

Wall Street returns to T+1 stock trading after nearly a hundred years

The switch to the system known as T+1 - abandoned in the earlier era as volumes became unwieldy - is ultimately intended to reduce risk in the financial system

EQT to acquire digital consultancy firm Perficient for nearly $3 bn

Perficient's shares will no longer trade on the Nasdaq stock exchange after the deal closes, the companies said

Gold price climbs Rs 10 to Rs 69,390, silver rises Rs 100 to Rs 78,700

The price of 22-carat gold declined Rs 10 with the yellow metal selling at Rs 63,610

US banks to see modest hit from deal to lower swipe fee by Visa, Mastercard

The antitrust settlement announced on Tuesday is one of the largest in U.S. history. If approved by court, it would resolve most claims in a nationwide litigation that began nearly two decades ago

Reasonable valuations, potential US rate cuts bode well for tech funds

Mitigate inherent volatility with limited exposure and a long horizon

In his annual letter, Buffett tells investors to ignore Wall Street pundits

Warren Buffett credited his longtime partner the late Charlie Munger with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how Berkshire's insurance businesses thrived last year, but its massive utilities and BNSF railroad disappointed. He also told shareholders how he never plans to sell its stakes in nearly 30 per cent of Occidental Petroleum and 9 per cent of five large Japanese trading houses, but he reiterated that he has no plans to buy the oil producer outright. Berkshire's eclectic mix of businesses, combined with the strong performance of its investments, delivered a profit of USD 37.57 billion, or USD 26,043 per Class A share, in the fourth quarter. That's more than double the USD 18.08 billion profit, or USD 12,355 per Class A share, that Berkshire reported a year ...

Wall street analysts racing to boost targets of Nvidia after $560 bn rally

The chip giant's shares have surged 46% this year and added about $560 billion in market value as of Monday, when they closed at a record around $722

Goldman, Morgan Stanley bet on India stocks as Wall St shifts from China

Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination

Regulatory nod for US spot bitcoin ETF options may take months: Report

The Securities and Exchange Commission (SEC) last month approved spot bitcoin ETFs, in a watershed for the crypto industry

Top investment banker pay sinks below $1 million in Asia as bonuses vanish

Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million or more they have typically earned since the turn of the millennium

AT&T's equipment writedown hurts annual profit view, shares decline

The writedown of Nokia equipment will reduce annual earnings per share by nearly 17 cents and comes as AT&T shifts to new lower-cost ORAN technology, or open radio access network

Stock market crash: Here's what sent Sensex, Nifty into free fall on Jan 17

Stock market crash today: HDFC Bank's disappointing Q3 performance abetted profit booking in Sensex and Nifty along with a global market rout as rate cuts-related optimism waned

'Everyone got burned': Wall Street missed great stock rally of 2023

Blended together, these three calls - sell US stocks, buy Treasuries, buy Chinese stocks - formed the consensus view on Wall Street

Challenging for Apple to live up to $1 trn rally performance in 2024

Such gains in 2024 will be harder to come by. As it looks to arrest four consecutive quarters of declining revenue, the world's most valuable publicly-traded company faces uncertainty in China