Wall Street’s Big Three have generated $52 billion in equity trading revenue this year, capturing about 80% of the market on rising margin lending to hedge funds.
Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom. Here's their edge
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Witkoff calls Putin a 'humanitarian' at Russia peace talks without Ukraine
Speaking in Oslo on Tuesday, Zelenskyy said Washington had reaffirmed its commitment to providing Ukraine with security guarantees.
The Guardian
Total UK government debt hits £3tn for first time while inflation jumps to highest in nearly a year – as it happened
French government bond yields highest since 2002 as country rocked by protests; UK approves controversial North Sea gasfield Jackdaw The approval of Jackdaw is an “important step” for the North Sea, according to Shell . The UK energy giant jointly owns Jackdaw operator Adura , which is headquartered in Aberdeen, together with Norway’s Equinor . This is an important step in ensuring the UK North Sea can continue to contribute to the country’s energy security and economy. Long-term energy projects depend on a competitive and stable investment environment, alongside timely and predictable regulatory decisions. Continue reading...
CNBC
SpaceX stock jumps 8% after earnings beat and Musk hints at Tesla tie-up
SpaceX shares jumped after the company reported surging revenue growth in its third quarter, and owner Elon Musk floated a potential SpaceX-Tesla merger.
BBC Business
Civil servant admits he 'made mistakes' juggling five government jobs
Kashim Chowdhury was contracted for 183 hours a week, more than the number of hours in seven days.
CNBC
United Airlines set to open its biggest airport lounge in $2.6 billion overhaul at Houston hub
United is opening a 54,000-square-foot lounge as part of the revamp of Houston's George Bush Intercontinental Airport.
CNBC
Investors are questioning neoclouds' business model but Nebius says AI computing prices are rising
The comments come as investors scrutinize the debt, borrowing costs and economics of companies building AI infrastructure.