Bank of America, JP Morgan, Goldman Sachs: Wall Street cashes in on market volatility Banking Wall Street’s banking giants pocketed record revenues in the first quarter of 2025 as market volatility ramped up. Top lenders were able to smash profit expectations after reaping the rewards of a trading boom caused by President Donald Trump’s erratic tariff agenda. Trump’s bait-and-switch on tariffs triggered countless sell-offs as traders across the globe ditched [...]
Fear index hits highest level since pandemic Markets Traders’ so-called ‘fear gauge’ has reached its highest level since the onset of the pandemic, as investors brace for more market uncertainty in the wake of Trump’s swingeing tariffs. The Vix index, which shows the US stock market’s expectation of volatility over the next month, reached as high as 60 in the early hours of [...]
Wall Street carnage continues as Nvidia leads US tech selloff Markets A wave of panic selling hit Wall Street on Tuesday, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all suffering their steepest daily percentage declines since early August. The carnage was widespread, with nine of the 11 sectors within the S&P 500 sinking into the red, led by sharp declines in technology, [...]