Finance

Traders Blame ‘Insane’ Tech Advancements for Quiet FX Markets

Traders Blame ‘Insane’ Tech Advancements for Quiet FX Markets

(Bloomberg) — Advancements in electronic trading may be crushing volatility in the currency market, making prolonged wild swings a thing of the past. That’s the view of some of the par...

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Japan’s SMBC raises stake in Jefferies to about 20%

Japan’s SMBC raises stake in Jefferies to about 20%

(Reuters) – Japan’s Sumitomo Mitsui Banking Corp increased its equity ownership in U.S. investment bank Jefferies to about 20%, the companies said in a statement on Friday. Sumitomo M...

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Mark Zuckerberg says he’d rather risk ‘misspending a couple of hundred billion’ than be late to superintelligence

Mark Zuckerberg says he’d rather risk ‘misspending a couple of hundred billion’ than be late to superintelligence

Mark Zuckerberg says an AI bubble is “quite possible,” but warns the bigger risk is building too slowly and missing superintelligence.BENJAMIN LEGENDRE/AFP via Getty Images Mar...

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Major brokerages expect no more BoE rate cuts in 2025 after September pause

Major brokerages expect no more BoE rate cuts in 2025 after September pause

By Joel Jose (Reuters) -Major brokerages including Goldman Sachs, Citigroup and J.P.Morgan expect no more interest rate cuts by the Bank of England this year after the British central bank kept i...

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