Investment bankers in China are struggling to stay relevant after a tough year for deal-making, deep pay cuts, and widening regulatory probes that have sent a chill through the once-vibrant industry. While their peers on Wall Street are looking forward to bigger bonuses for the first time since 2021, Chinese bankers are bracing themselves for…
The vitriol dominating public discourse in the run-up to US presidential elections may be aggravating divisions among Americans, and is also wearing down a key advantage the country has over Chinese leader Xi Jinping: soft power. Generations of young Chinese grew up admiring Disney films and iPhones but the affinity is now fading, according to…
STORY: Wall Street’s main indexes bounced back Wednesday, with the Dow notching its third record closing high in four days. The blue-chip index climbed eight-tenths of a percent, the S&P 500 added about half a percent and the Nasdaq gained nearly three-tenths of a percent. Financial stocks led the way, with Morgan Stanley jumping 6.5%…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: There’s no doubt that Big Tech is in the bull market’s driver’s seat — but it’s got company. Though the major indexes are narrowly in the green this October, they have been boosted…