Growing Wall Street Threat Spurs EU to Speed Up Banking Review
  • March 7, 2025

Growing Wall Street Threat Spurs EU to Speed Up Banking Review

(Bloomberg) -- The European Commission has vowed to speed up a planned review of the competitiveness of the bloc’s banks after the region’s three biggest economies demanded urgent action to ensure their lenders can properly compete with Wall Street rivals. Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Brok

Market Looks to Jobs Data to Revive Sputtering Treasuries Rally
  • March 7, 2025

Market Looks to Jobs Data to Revive Sputtering Treasuries Rally

(Bloomberg) -- Bond investors are on alert for any signs of US economic weakness in Friday’s employment report, as they assess whether the recent rally in Treasuries has further room to run.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11

Eutelsat’s Stunning Market Gains Leave Short Sellers Scrambling
  • March 7, 2025

Eutelsat’s Stunning Market Gains Leave Short Sellers Scrambling

(Bloomberg) -- It was US President Donald Trump’s furious Oval Office clash with his Ukrainian counterpart last Friday that convinced fund manager Hugo Squire it was time to buy bonds in Eutelsat Communications SA. Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking

Hedge funds give up half of 2025 gains in 'challenging' markets, says Goldman Sachs
  • March 7, 2025

Hedge funds give up half of 2025 gains in 'challenging' markets, says Goldman Sachs

LONDON (Reuters) -Hedge fund stock pickers and multi-strategy funds gave up around half their average yearly gains in Thursday's tech-driven equity selloff, a note by Goldman Sachs showed. Wall Street shares have been hit this week by a darkening U.S. economic outlook uncertainty over President Donald Trump's tariff policies, with the Nasdaq on Thursday confirming a correction since peaking in December. Stock plunges were felt acutely in the parts of the markets where hedge funds held long bets such as on technology, media and telecommunications companies.

Wall Street rises on energy boost; jobs data, Powell in focus
  • March 7, 2025

Wall Street rises on energy boost; jobs data, Powell in focus

Wall Street's main indexes ticked up in choppy trading, boosted by a jump in energy stocks, while investors assessed a key jobs report and awaited comments from Federal Reserve Chair Jerome Powell for clues on the health of the U.S. economy. At 09:51 a.m. ET the Dow Jones Industrial Average rose 124.23 points, or 0.29%, to 42,703.31, the S&P 500 gained 24.38 points, or 0.46%, to 5,764.57 and the Nasdaq Composite gained 120.10 points, or 0.66%, to 18,186.29. Energy led sectoral gains on the S&P 500 with a 1.8% rise, tracking a 2% increase in oil prices.

New York workers’ return to office ignites deal hopes in battered real estate market
  • March 7, 2025

New York workers’ return to office ignites deal hopes in battered real estate market

Investors including Blackstone and wealthy individuals are scouting for office properties in New York as companies call employees back to the office, fueling a nascent recovery in the battered commercial real estate market. The increasing appetite for offices in New York and beyond could signal a broader economic recovery for major cities worldwide as many workers return in person five days a week, lifting demand for local services. Real estate investors, consultants and bankers say demand is rising for top-quality offices in New York, spurring them to strike more deals.