Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Major banks have topped expectations so far this earnings season, helped primarily — and a bit ironically — by post-Brexit market volatility that spurred a surge in bond trading.
The surprise U.K. vote in June to leave the European Union was supposed to destabilize the financial system, but has had limited effect so far. It was more of an event for early summer, and the only evidence of the surprise vote right now is the drop in the pound, said Thierry Albert Wizman, global interest rates and currencies strategist at Macquarie.
Benchmark global sovereign bond yields touched all-time lows in July and August after the Brexit vote. Signals that central bank policy might be changing also contributed to the move in rates, and benchmark yields began recovering in the last several weeks. That's all to the benefit of fixed income and currency trading desks.
"Anything that influences people to trade, buying or selling, that's better for broker-dealers," said Brandon Swensen, co-head of the fixed income desk at RBC Global Asset Management. "Volumes translate to revenues."