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...Jane Street’s quarterly trading revenues have surged to their highest level since the start of the pandemic, as the secretive high-speed firm flourished alongside traditional Wall Street market makers....
...Berlinski, who will become co-chief operating officer, is the latest in a series of high-profile departures from Goldman, where chief executive David Solomon is contending with renewed upset over appointments...
...that the high-speed trading firm counts as one of its most lucrative strategies....
...Citadel Securities is one of the world’s biggest high-speed trading firms, competing with rivals like Susquehanna, Jane Street and Virtu Financial and estimated it was involved in nearly one in every four...
...Gold rose 1.7 per cent to $2,383.19, on track for a fresh closing high....
...Virtu and Jane Street did not immediately respond to requests for comment....
...Ted Baker is on the brink of collapse unless it finds a new business partner, casting doubt over the future of hundreds of high street jobs at the UK fashion brand....
...The cuts have crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
...Contracts tracking Wall Street’s S&P 500 and the tech-heavy Nasdaq Composite were up 0.1 per cent ahead of the New York trading session....
...Since 1936, S&P 500 dividend yields have averaged 3.5 per cent, but in the past 12 months, that yield was just 1.5 per cent....
...On Wall Street, you never want the next person to profit off your genius....
...Will Xi Jinping’s pivot to high-tech manufacturing be enough to boost the country’s economy?...
...It’s an apt message given it will take many more good years for Tiger to be a winning team again, and claw back to its high-water mark....
...Group LLC reeled in $7.3 billion of net trading revenue in the first nine months of last year, as the proprietary trading giant benefited from market swings and an expansion of its products....
...Millennium and DE Shaw, which are multi-strategy firms, took joint second place in the all-time rankings, making $5.7bn and $4.2bn last year respectively....
...The region-wide Stoxx Europe 600 was up 0.5 per cent shortly after the opening bell, with the biggest gains from mining stocks. France’s Cac 40 added 0.6 per cent, rising to a record intraday high....
...The underwhelming results sparked pre-market declines for all of the “Magnificent Seven” high-growth technology groups that pushed the S&P 500 to a record high earlier this month....
...The price of gold fell 1 per cent from Tuesday’s record high close. The yellow metal had advanced in 11 of the past 12 sessions....
...But if Wall Street is right about near-term earnings growth, the prices are not out of line with the market as a whole. These ain’t dotcoms, folks. High-quality defensive stocks are wildly pricey....
...Think about what a high-yield bond investor was seeing at the end of October 2023: some good inflation news, falling Treasury yields, 9.5 per cent HY yields, dollar prices in the 80s [cents on the dollar...
...Judging by the record share prices enjoyed by some of these companies in recent months, Wall Street doesn’t believe it either....
...Boeing reported earnings last week, and the stock rose 5 per cent on the results. Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
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