News

'Dead money’ for a decade: Why this hedge fund approach may deliver an advantage over bonds

Investors may want to rethink their bond allocation and opt for managed futures exposure.

Bending Spoons wants to revive software castoffs. Berkshire is backing the plan

Less than four months into life as a public company, Bending Spoons got a big vote of confidence this week from Berkshire Hathaway.

U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official says

The U.S. raised market access issues for Mastercard and Citigroup in China during bilateral meetings in Bangkok this week, a U.S. Treasury official says.

People in China are spending nearly as much of their income as Americans on healthcare

Increasing government spending on healthcare could help boost consumption in China, the International Monetary Fund said.

Harvard’s endowment jumps 27% in fiscal 2026, lifted by SpaceX as top holding

The latest 12-month period marked the strongest return for the university's fund since 2021.

China indicates rare earths will keep flowing to EU, regardless of U.S. trade deal expiration

European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing last week.

Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic's Mythos

Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos, offering a rare look at costs involved in defending against AI.

Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million

Morgan Stanley is expected to benefit from robust investment banking and equities trading revenue.

Bank of America is set to report third-quarter earnings – here’s what the Street expects

The U.S. Treasury Department announced a $1.2 billion penalty against Bank of America on Tuesday.

China's exports likely grew by double-digits in September

The country's customs agency is due to release September trade data on Wednesday.

Goldman says investors are looking for 'profitable' Chinese business growth overseas

Sluggish consumer demand in China has pushed many companies, such as electric car brands, to accelerate plans for entering other countries.

Williams says Fed may not have to hike rates in 2027, at odds with traders

New York Fed President John Williams sees one more rate hike in 2026 but no additional increase in 2027 as inflation pressures ease.
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