Sep 13, 2024

I recently came across news about the potential rise in market volatility, with Société Générale raising concerns about the calmness of the VIX and pointing to another volatility gauge as a potential red flag. This indicates a potential increase in market volatility that investors should be aware of. Additionally, there are key developments in the technology, finance, and media sectors, indicating potential shifts and opportunities in these industries.

The U.S. Department of Justice and Google have begun a landmark trial over the search giant’s advertising business, with the government arguing that it is anticompetitive. This trial could lead to sweeping changes in Google’s core business as it fights for leadership in the AI era. Other key news includes personnel shifts in various sectors, including Fintech, Health Tech, Climate, Media, and Retail.

In the banking sector, JPMorgan Chase & Co. and Bank of America Corp. are making changes to limit junior banker hours and introduce new systems for monitoring trainees’ work. Meanwhile, there are talks of OpenAI raising significant funds from investors and banks, indicating potential developments in the technology sector.

Finally, I learned about the process of finding investors for an IPO, with most investors being institutional and some retail investors joining in. The news also mentioned a Financial Times investigation into a former foreign exchange trader’s claims of being the most profitable trader at Citigroup Inc., casting doubts on these claims. Additionally, there were updates on potential takeover options for UniCredit and a corruption sweep in China that detained investment bankers. These were just a few of the highlights from today’s financial news.

Stay Well!