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Jump Trading has hired the founding team of a startup that trades access to computing power, according to a statement on social media, as market makers move into an emerging asset class underpinning the AI boom.
Bloomberg's Sridhar Natarajan expects a mixed-bag when it comes to earnings results from Wall Street's big banks. JPMorgan, Goldman Sachs, Wells Fargo and Citi all report Tuesday. The banks are expected to unveil a quarterly-stock trading haul of nearly $19 billion. (Source: Bloomberg)
The rush to finance AI is rattling investors in the more than $10 trillion US corporate market, sparking a repricing of risks around some of the biggest technology companies thatโs showing up in spiking prices for credit insurance, heightened volatility and weakening preformance.