Wall Street rises to records
Digest more
President Donald Trump said he wants to ban large, institutional investors from buying single-family homes, arguing corporations are pricing everyday buyers out of the housing market and forcing more families into renting.
President Donald Trump says he wants to ban institutional investors like Blackstone from buying single-family homes.
Rio Tinto's ambition to acquire Glencore and create the world's largest mining company worth more than $200 billion could see Wall Street advisers share more than $100 million in fees.
Wall Street giant Morgan Stanley has filed to create its own spot bitcoin exchange-traded fund (ETF), as well as a spot solana ETF, in a move that could herald further crypto adoption by the world’s biggest banks.
The idea of banning large investors from buying single-family homes has popular appeal, but might not make a major dent in the housing shortage.
U.S. President Donald Trump on Wednesday said his administration is moving to ban Wall Street firms from buying up single-family homes in a bid to reduce home prices, a potential blow for private-equity landlords that also pressured homebuilder stocks.
Critics say this business has driven up prices in some markets and made it hard for first-time buyers to purchase homes.
JPMorgan, Citi, and Goldman Sachs are investing heavily in AI technology to transform operations, enhance productivity, and stay competitive.
Wall Street banks are positioning themselves to profit from the US ousting of Venezuela’s leader Nicolás Maduro, betting regime change could eventually unlock tens of billions of dollars in investment related to energy and infrastructure in the South American nation.
Wall Street's rally faltered on Wednesday with the Standard & Poor's 500 slipping 0.3% and the Dow Jones industrial average dropping 0.9%.