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Wall Street Job Losses May Top 200,000 as AI Replaces Roles

(Bloomberg) -- Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence. Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes

Pound Trading Frenzy Shows Option Market’s Fear of Truss Redux

(Bloomberg) -- Wednesday was the busiest day for pound options trading since the currency slumped toward an all-time low in 2022, an omen of deepening jitters around the UK currency. Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?Listen to

Morning Bid: Britain at centre of bond market storm

The British bond market has become the focus of global investor attention, for some unenviable reasons. Some are mulling the potential for a rout akin to the one that followed former premier Liz Truss' disastrous mini budget of September 2022. To be sure though, while the market views gilts as the centre of the bond storm, there are plenty more reasons to be a seller.

Stock market today: Indexes mixed as traders take in Fed minutes, mull rate outlook

The Fed's latest meeting minutes showed concern that inflation could remain sticky, partly because of Trump's trade policy.

Foreigners turn net sellers of Japanese stocks, lock in 2024 gains

Foreign investors net sold Japanese stocks in the week ended Jan. 4, taking advantage of 2024 gains while aiming to reduce risks amid an unusually long market closure. Foreigners sold a net 74 billion yen ($468.30 million) worth of Japanese stocks during the week, following net accumulations of approximately 562.7 billion yen in the previous week. They acquired approximately 1.23 trillion yen worth of Japanese stocks in 2024, primarily in the first half of the year and shed around 4.77 trillion yen worth of shares in the second half.

HSBC Analysts See 21% Upside for Hong Kong-Listed Chinese Stocks

(Bloomberg) -- HSBC Holdings Plc is turning bullish on Chinese stocks listed in Hong Kong, touting them as beneficiaries of more “favorable policy rhetoric” in mainland China and a better outlook for the domestic economy.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Bra