Dear Fellow Investor, Thank you for subscribing to Financial Wealthy Daily. You can access your free report here: Top 5 Artificial Intelligence Stocks Poised to Soar Over the Next 12 Months Since the first mainstream media coverage on the growth of Artificial Intelligence (AI), investors have paid close attention to this rapidly growing new industry….
(Reuters) -Morgan Stanley’s wealth management arm is being probed by multiple regulators, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The U.S. Securities and Exchange Commission, the Office of the Comptroller of the Currency (OCC) and other Treasury Department offices are involved, the report said. The bank’s shares fell 4.8%…
With wars actively being waged in several parts of the world right now – and the prospect for additional conflicts looking more and more likely – the global uncertainty stands to have a huge impact on the stock market. In prior decades, the potential for war typically saw an increase in investors looking for larger…
By Ananya Mariam Rajesh (Reuters) -Traders piled into shares of Rent the Runway on Thursday, sending the shares up by more than 220% after the apparel rental firm said it was betting on artificial intelligence tools to power its growth in the current year. More than 34 million shares had changed hands, far surpassing the…
By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders’ bets on multiple ECB interest rate cuts this year have barely been shaken by hot U.S. inflation that slashed Federal Reserve easing expectations this week, highlighting a growing investor focus on the divergence between the two regions. The European Central Bank cemented that conviction on Thursday,…
By Noele Illien ZURICH (Reuters) – UBS might need to retain $10 billion to $15 billion in excess capital after Switzerland’s government this week laid out plans for tougher capital requirements for the enlarged lender, Autonomous Research estimated on Thursday. In its base case, UBS would need 200 to 300 basis points more in common…
By Andrew Goudsward WASHINGTON (Reuters) -Donald Trump suffered a pair of legal setbacks on Thursday as judges spurned his calls to dismiss criminal charges over the former U.S. president’s efforts to overturn his 2020 loss in Georgia and his keeping classified records after leaving office. Separately, one of the Republican presidential candidate’s allies, former Justice…
By Jonathan Allen NEW YORK (Reuters) -A federal judge on Thursday denied a request by New York’s Nassau County to let it enforce new restrictions on transgender athletes at county sports venues without facing legal action by the state’s attorney general for violations of anti-discrimination laws. Nassau County Executive Bruce Blakeman, a Republican, issued an…
By Stephanie Kelly and Jarrett Renshaw WASHINGTON (Reuters) -Centrist group No Labels will not field a third-party bid for the U.S. presidency because it could not find a candidate with a credible path to winning the White House, the group said on Thursday. Only last month some 800 No Labels delegates voted to launch a…
By Lewis Krauskopf NEW YORK (Reuters) – Actively managed U.S. equity funds in the first quarter posted their best quarterly out-performance since 2007, BofA Global Research strategists said. In the first quarter, 64% of actively managed U.S. large-cap mutual funds beat their Russell 1000 benchmarks, compared to just 38% last year, BofA’s data showed. The…
