Intense trading in Asian AI companies is helping Wall Street investment banks reach record highs, with Asia set to overtake Europe as the second-largest source of revenue after the US, the FT reports.
BusinessInvestment bank Goldman Sachs reports its best quarterly results in five years, as revenue from stock trading rises sharply amid the Iran war.
BusinessThe New York Stock Exchange closed sharply lower on Tuesday, as concerns about high stock valuations, especially in AI-related companies, spread after warnings from the heads of major investment banks.
BusinessRevenues from stock trading soared in the stock market turmoil during the first quarter of the year for the investment bank Goldman Sachs, one of the major players on Wall Street. But after the Trump administration's tariff shock on April 2, the stock market climate has changed, according to the major bank.
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