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Alibaba soars more than 6% on Hong Kong debut

The Chinese e-commerce raised $11.3 billion on its opening day of trading, which one analyst called "a boost to Hong Kong."

US stocks are at record highs, but Goldman says they’re still the top asset for investors to own

US equities are the best option for clients looking to profit from a US-China trade deal, managing director Silvia Ardagna told Bloomberg.

Macquarie is slashing 100 equity trading jobs in London and New York this week

A source told Business Insider that the bank will focus on its home turf in the Asia-Pacific region.
Jane Fraser will succeed Stephen Bird as Citi's president.

Citi names Jane Fraser as its new president and consumer banking chief

Citi CEO Michael Corbat said Fraser's appointment would help ensure the bank succeeds in the "next decade and beyond."

Traders are pulling more money out of stocks than at any point in the last 10 years

Equity management firms face new competition as trading platforms cut commission fees and robo-advisors offer high-yield savings accounts.
Logo of Swiss bank UBS.

UBS is reportedly preparing to overhaul its investment arm — and it could mean hundreds of job cuts

The Swiss banking giant will combine operations, rebrand divisions, and appoint new executives, according to the Financial Times.

Revenues at the world’s biggest investment banks have plunged to their lowest levels since 2006

Deutsche Bank, Morgan Stanley, and other banking titans have faced pressures in several of their divisions.

Global equities are rallying after week from hell but investors ‘remain on the defensive’

"Treasury yields are climbing away from record lows on Friday...the movements in the bond markets are poised to remain on investors radars in the week ahead."

US stocks are set to rally after historic Treasuries meltdown that sent equities plunging

The Down plunged 800 points on Wednesday after investor fears of recession grew amid continued trade war uncertainty.

US stocks are rising ahead of the Fed’s first rate cut in a decade, even as Donald Trump fans trade-war fears

Trump's latest attack on China is "slaughtering hopes" for progress in US-China trade talks, one analyst said.