HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock News
NYSE:HSBC - New York Stock Exchange, Inc. - US4042804066 - ADR - Currency: USD
HSBC Latest News, Press Relases and Analysis
The UK Confronts the Reality of Rearming
The UK is facing the stark reality of rapidly rearming - after decades of under-investment in its military. As Caroline Hepker explains, there’s little detail on where that money will actually come from. (Source: Bloomberg)
Mentions: BAC
Overweight US and Asia Equities, HSBC’s Sels Says
Standard Chartered hires HSBC executive to lead data, analytics and AI
Yusuf Demiral will report to Samir Subberwal, the global head of wealth solutions, deposits, mortgages, and chief client officer.
Dutch Govt Falls, Trump Tariffs Warning | Bloomberg The Pulse 06/03
Far-right lawmaker Geert Wilders pulled his Freedom Party out of the Netherlands’ ruling coalition, collapsing the government and likely triggering a snap election. The four-party coalition, led by Wilders’ Freedom Party lasted about a year. Wilders left over the refusal of his three coalition partners to agree to his plans to curb migration, which included closing the border to asylum seekers, temporarily halting family reunification and returning asylum seekers to Syria. On the economic front, President Donald Trump’s combative trade policies have tipped the world economy into a downturn, with the US among the hardest hit, the OECD said. The Paris-based organization slashed its global forecasts for the second time this year, citing the impact of the American president’s tariff onslaught. Today's guests: Janet Henry, HSBC Global Chief Economist, Tiina Lee, Citi UK CEO, Alvaro Santos Pereira, OECD Chief Economist (Source: Bloomberg)
Tariffs Still Causing Uncertainty In Markets: Oden
HSBC Head of Wealth and Personal Banking Racquel Oden speaks with Matt Miller and Sonali Basak on "Open Interest." (Source: Bloomberg)
China Stocks Get Boost As UBS, HSBC Cite Stimulus Hopes, Tariff Truce, Low Valuations
UBS optimistic about Chinese stocks due to tariff pause, potential stimulus, and low valuations.
HSBC to Infuse $4 Billion Into Private Credit Funds Amid Profit Push
HSBC to invest $4 billion in private credit funds as it pivots from traditional lending to higher-margin opportunities.
HSBC to Exit US Business Banking Unit to Streamline Operations
HSBC is set to shut down its U.S. business banking portfolio as it refocuses on operations in Asia and the Middle East.
Royal Bank of Canada Q2 Earnings Improve Y/Y on Higher Revenues
RY posts a 6.9% y/y rise in Q2 earnings as revenues climb, but higher expenses and credit provisions weigh on the results.
Why two Wall Street firms remain cautious on Nvidia despite AI boom
HSBC and D.A. Davidson continue to rate Nvidia stock at neutral or hold only. Here's what analysts at these two firms are concerned about.
Mentions: NVDA
German financial watchdog: AI is helping to catch market abuse
FRANKFURT (Reuters) -Germany's financial regulator BaFin is using artificial intelligence to help it spot market abuse and suspicious patterns in trading, increasing the chances of catching offenders, a top official warned on Monday. BaFin President Mark Branson said the supervisor had started using artificial intelligence last year in its alert and market analysis system. "We can already see from this that the results of this analysis system have become more accurate," Branson said at a conference.
Ukraine Drone Strikes Hit Nuclear Bombers Inside Russia
Ukraine staged a dramatic series of strikes across Russia, deploying drones hidden in trucks deep inside the country to hit strategic airfields. Footage from a source in the Ukrainian Security Service showed black smoke rising from burning planes. (Source: Bloomberg)
Mentions: AMZN
Good Prospects for Chinese Companies to Flourish, HSBC Says
HSBC's Herald van der Linde shares his outlook for Asian and Chinese equities on Bloomberg Television. He says "there is good prospects for these companies to flourish." For the Chinese stock market in particular, he advises looking at banks as well as "companies that will become global leaders in their respective industries," such as EVs and industrial robotics. (Source: Bloomberg)
Jim Cramer and Wall Street Are Watching UnitedHealth Group (UNH)
We recently published a list of 10 Stocks on Jim Cramer and Wall Street’s Radar. In this article, we are going to take a look at where UnitedHealth Group Incorporated (NYSE:UNH) stands against other stocks on Jim Cramer and Wall Street’s radar. Nearly a month ago, a caller inquired about UnitedHealth Group Incorporated (NYSE:UNH), and […]
Mentions: UNH
The Smartest High-Yield Stocks to Buy With $100 Right Now
UPS is a turnaround with a 6.7% yield and a price that's just at the cusp of $100. Brookfield Renewable Partners has a 6.5% yield and a long runway for growth. Enterprise Products Partners offers a 6.8% yield and steady distribution growth.
Best Stock to Buy Right Now: Realty Income vs. Agree Realty
Realty Income is a net lease REIT with a lofty 5.8% dividend yield. Agree Realty is a net lease REIT with a roughly 4.1% yield. Realty Income wins on yield but falls short of Agree Realty on this key metric.
HSBC to close its US business banking unit to simplify operations
(Reuters) -HSBC is exiting its business banking portfolio in the United States, as it continued to simplify operations and shift its focus to Asia and Middle East markets. "Following a strategic review of our business, we have decided to exit our Business Banking portfolio in the United States," it said in a statement. "We are supporting impacted clients while they transition to a suitable alternative provider and will retain some clients in our Mid-Market and Global Network Banking business," it added.
Mentions: VZ
Dollar Notches Its Longest Monthly Losing Streak Since 2020
(Bloomberg) -- A few days of gains for the US dollar this week wasn’t enough to reverse its broader declines as US trade and policy uncertainty weighs on sentiment.Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in First Four MonthsThe Economic Benefits of Paying Workers to MoveWhere the Wild Children’s Museums AreA gauge of dollar strength fe
Why Newsmax Stock Is Crashing Today
The SEC has given its blessing to certain Newsmax shareholders, allowing them to sell their shares on the open market. As many as 121 million shares can now be sold, significantly more than were already publicly traded. Shares of Newsmax Media (NYSE: NMAX) are plunging on Friday.
HSBC Exits Business Serving Smaller US Firms in Latest Revamp
HSBC Holdings Plc is exiting a business that serves small and midsize US companies, as it continues an overhaul aimed at making the lender more competitive.
Regeneron shares slide on mixed trial data for smoker's lung drug
(Reuters) -Regeneron shares fell nearly 18% on Friday after its experimental drug for patients with a type of lung condition commonly called "smoker's lung" failed a late-stage trial, although it succeeded in another. Regeneron and partner Sanofi were studying the drug, which some analysts expect could bring in peak sales of as much as $5 billion, for treating chronic obstructive pulmonary disease (COPD). Investors had pinned their hopes on the drug, itepekimab, which targets a broader population, to potentially drive growth beyond Regeneron and Sanofi's blockbuster Dupixent, which is also approved for the condition, as its patent expiry looms.
HSBC Leads Charge as Banks Push UK to Soften Ring-Fencing Rules
The biggest UK lenders are pushing regulators to allow them each to use as much as £35 billion of their retail deposits to fund their investment banking activities, a move they say would put them on more level footing with the likes of JPMorgan Chase & Co. and Goldman Sachs Group Inc.
India's Super-Rich Spur a Wealth Management Frenzy
India's growing list of super-rich investors are reshaping the country's wealth management industry like never before. (Source: Bloomberg)
Mentions: UBS
BP Appoints Former Devon Energy Chief David Hager as Nonexecutive Director
The naming of the U.S. oil executive comes at a time when BP is seeking to more than double its production of oil and gas in the country by the end of the decade.
Indian PE Firm Multiples Gets Private Debt From HSBC, Nomura
Indian private equity firm Multiples Alternative Asset Management has gotten about 5 billion rupees ($58.5 million) of private credit to back its acquisition of a controlling stake in digital product engineering platform QBurst Software Services, according to people familiar with the matter.
South Korea's Hybe opens China office amid hopes of a K-pop reversal from Beijing
The agency behind global sensation BTS has been preparing to establish itself in China since last year, a Hybe official said recently.
Economists Warn ECB to Avoid Delaying Over Last Two Rate Cuts
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaThe Economic Benefits of Paying Workers to MoveNY Wins Order Against US Funding Freeze in Congestion FightWhy Arid Cities Should Stick TogetherThe European Central Bank will lower interest rates twice more, according to a Bloomberg survey, but responde
‘I was very confident’: Meet Nuno Matos, ANZ’s Mr fix it
After getting the US Justice Department off HSBC’s back, the Lisbon-born banker wants to take the smallest of Australia’s big four banks to “a different level”.