Hedge Fund Borrowing Has Tripled Since 2020, and Wall Street Banks Are Cashing In
Hedge fund borrowing from banks has tripled since 2020, making prime brokerage a major profit engine for Wall Street. The IMF and other regulators are watching…
Wall Street
Ripple Prime Lands Brevan Howard, Pushing Ripple Deeper Into Wall Street
Ripple Prime will provide prime brokerage, clearing and financing to Brevan Howard funds. It's a major step for Ripple on Wall Street, but XRP isn't part of the deal.
Texas Stock Exchange Lands Nearly $100 Billion in First Corporate Listings as Dallas Takes Aim at Wall Street
The Texas Stock Exchange has officially entered the corporate listings business, with Energy Transfer, Sunoco, SunocoCorp and USA Compression moving nearly $100 billion in combined market value to the Dallas-based…
Morgan Stanley Picks Dallas for Massive U.S. Hub, Bringing 3,800 Jobs and $684 Million Investment
The Wall Street giant is making a major bet on Dallas as North Texas continues its rise as one of America’s most important financial centers. Dallas just landed another heavyweight…
Sam Altman Says OpenAI Will Not Go Public in 2026 as AI Safety Concerns Take Priority
OpenAI CEO Sam Altman has officially taken a 2026 initial public offering off the table, saying the company has more important work to do before opening itself to the pressures…
U.S. Treasury’s 10-Year Note Auction Could Be a Major Test for Markets Wednesday
September 8, 2026 The U.S. bond market is heading into a potentially consequential Wednesday as the Treasury Department prepares to auction $39 billion of 10-year notes, putting investor appetite for American…
Nike Is Being Dropped From the S&P 100 After a Stunning Fall From Its Peak
Nike has spent decades as one of the most recognizable corporate brands on the planet. Now, the sportswear giant is losing its place in one of Wall Street’s most exclusive…
SEC Proposes Major Modernization of Securities Rules as Blockchain Moves Deeper Into Wall Street
The U.S. Securities and Exchange Commission is moving to modernize a decades-old piece of America’s financial infrastructure, proposing new rules that explicitly recognize electronic communications, digital recordkeeping and blockchain technology.…
Wall Street’s Wednesday Watch: Broadcom, Snowflake, the Fed and Costco Put Markets on Alert
September 2, 2026 Wednesday is shaping up to be one of the more consequential sessions of the week for Wall Street, with investors facing a packed calendar that stretches from…
Fed Chair Kevin Warsh Takes Center Stage at Jackson Hole Today — and Markets Are Hanging on Every Word
JACKSON HOLE, Wyo. — August 28, 2026 — Wall Street’s attention shifts away from earnings reports and economic data this morning and toward a podium in Wyoming, where Federal Reserve Chair Kevin…
Nasdaq Is Going 23 Hours a Day: Overnight Stock Trading Begins December 6
The traditional American trading day is about to look a lot less traditional. Nasdaq is preparing to dramatically expand access to the U.S. stock market by introducing a new overnight…
Moderna Stock Explodes 177% After mRNA Skin Cancer Breakthrough — Is This the Moment mRNA Changes Cancer Treatment?
Moderna just delivered the kind of clinical-trial result that can change the trajectory of a biotechnology company — and Wall Street reacted accordingly. Shares of Moderna (NASDAQ: MRNA) skyrocketed 177% on…
Reddit Joins the S&P 500, Marking a Major Milestone for the Internet Giant
Reddit has officially made it into one of Wall Street’s most exclusive clubs. The social platform behind thousands of online communities officially joins the S&P 500 on Tuesday, August 18, 2026,…
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