News

Western Alliance CEO says alleged loan fraud is 'incredibly frustrating' but isolated issue

Regional banks are getting a reprieve this week after Western Alliance and Zions reported results that didn't include any new loan meltdowns.

The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here's what happened

More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a 24-hour period beginning Friday, Oct. 10.

Beyond Meat shares surge for a third day in a row as meme traders jump on board

It's the latest in an extraordinary week for the stock, which on Tuesday enjoyed its best day ever.

Baidu's Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up

Baidu's Apollo Go robotaxi unit plans to begin tests in Switzerland this year, with the aim of launching a public-facing service by the first quarter of 2027.

Barclays ups guidance, announces surprise $670 million share buyback

Barclays CEO said he looked forward to "sharing updated targets to 2028" alongside the bank's full-year earnings.

Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

Jana has partnered with Kelce, Glenn Murphy and Dave Habiger in a group that now holds a roughly 9% stake in the amusement park operator.

Investor Lauren Taylor Wolfe says we are 'absolutely' in an A.I. bubble now

Lauren Taylor Wolfe, co-founder of Impactive Capital, said the surge in enthusiasm around artificial intelligence has all the markings of a bubble.

One-time penny stock Beyond Meat soars after addition to meme ETF, jumps 47% on Tuesday

The food company surged more than 127% Monday in its best day ever, and continued its rally Tuesday.

Activist investor Jana Partners takes stake in medical device maker Cooper Companies, WSJ says

The hedge fund will push Cooper to improve how it allocates capital in order to boost returns, the WSJ said.

China's economic growth likely slowed in third quarter

China's National Bureau of Statistics is set to release the third-quarter GDP and economic data for September on Monday.

This ETF strategy could help risk-averse investors ride out wild market swings

Invesco senior portfolio manager John Burrello sees income funds that employ options-based strategies as a suitable approach.

‘The tide went out’: How a string of bad loans has bank investors hunting for hidden risks

Investors are focused on a specific type of lending made by banks to non-depository financial institutions, or NDFIs, as the source of possible contagion.
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