Keywords: Wall Street


SpaceX set for a historic Wall Street debut

SpaceX is preparing to make financial history with what could become the largest initial public offering ever seen on Wall Street. The aerospace company founded by Elon Musk is expected to attract enormous interest from both institutional and retail investors, reflecting the market's confidence in......

Citi raises S&P 500 years-end target to 8,100 on strong earnings and AI growth outlook

Citigroup has raised its year-end forecast for the S&P 500 index, reflecting stronger-than-expected corporate earnings and continued optimism around artificial intelligence-driven growth in the global economy. The investment bank now expects the benchmark index to reach 8,100 points by the end of......

Banks accelerate AI driven layoffs as 63,000 jobs cut

A wave of restructuring across global banking institutions has intensified job cuts linked to artificial intelligence, with 63,000 positions eliminated in 2026. Financial groups are increasingly integrating AI efficiency targets into workforce planning, moving beyond pilot programs and experimental use......

Wall St futures rise on AI optimism as investors eye Middle East truce

U.S. stock futures moved higher on Wednesday, supported by continued enthusiasm around artificial intelligence and cautious optimism over geopolitical developments in the Middle East. Investor sentiment remained broadly positive after recent gains in major indices, with technology-related stocks playing......

Private credit funds face pressure amid market uncertainty

Private credit funds are facing growing pressure as investors become increasingly concerned about credit quality, market volatility, and the impact of artificial intelligence on several industries. Recent financial filings from major business development companies (BDCs) revealed that many lenders have......

Ackman’s Pershing Square takes new stake in Microsoft, citing attractive valuation

Hedge fund manager Bill Ackman has announced that his firm Pershing Square Capital Management is taking a new investment position in Microsoft, describing the tech giant’s valuation as “highly compelling.” The disclosure was made ahead of a formal announcement by the fund, with Ackman......

HSBC raises S&P 500 years-end target on strong earnings outlook

Global banking group HSBC Holdings has raised its year-end target for the S&P 500 index, reflecting stronger-than-expected corporate earnings and continued optimism in U.S. equity markets. In its latest outlook, HSBC increased its forecast for the index to 7,650 points from 7,500, citing resilient......

AMD forecast sparks AI-driven rally in US chipmaker stocks

Shares of major U.S. semiconductor companies rose sharply on Wednesday after strong forecasts from Advanced Micro Devices (AMD) boosted investor confidence in long-term demand for artificial intelligence infrastructure. AMD shares jumped nearly 18% in premarket trading, while other chipmakers including......

Citigroup to announce new profit targets at investor day, CEO says

Citigroup is expected to present updated medium-term profit targets during its upcoming investor day on Thursday, according to CEO Jane Fraser. The announcement will highlight the bank’s ongoing transformation, aimed at improving efficiency, reducing costs, and increasing revenues. Strategic restructuring......