HSBC Holdings Plc is a multinational banking and financial services organization based in the UK, providing a wide range of services to individuals, businesses, and institutions across the globe. The company operates through various segments, including retail banking, commercial banking, global banking and markets, and wealth management. HSBC is known for its extensive international presence, facilitating cross-border transactions and providing solutions for diverse financial needs. Its offerings encompass personal and corporate banking, investment services, and various financial products, aimed at fostering economic growth and supporting clients in their financial endeavors. Read More
Shares of online vehicle auction company Copart (NASDAQ:CPRT) fell 3.9% in the afternoon session after the release of a surprisingly weak August jobs report, which showed a significant slowdown in hiring. The U.S. economy added only 22,000 jobs, falling far short of the 75,000 economists had forecasted, while the unemployment rate rose to a 46-month high of 4.3%. The Bureau of Labor Statistics report also contained downward revisions for previous months, intensifying concerns that the labor market's health is deteriorating. Several sectors, including manufacturing, financial activities, and information, reported job losses for the month. While the disappointing data initially fueled investor hopes for a Federal Reserve interest rate cut, major indices like the Dow Jones and S&P 500 later fell as concerns about a potential economic downturn took hold.
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA)
fell 2.9% in the afternoon session after rival Broadcom confirmed a significant partnership with OpenAI, fueling concerns about intensifying competition in the artificial intelligence hardware market.
After an extended period of robust performance by US equities, particularly in the technology sector, a significant shift is underway in global financial markets. International stocks have begun to demonstrably outperform their domestic counterparts, challenging long-held investment strategies and re-emphasizing the critical role of diversification in today's complex and volatile
Shares of online vehicle auction company Copart (NASDAQ:CPRT) jumped 3% in the afternoon session after HSBC upgraded the stock to Buy from Hold, lifting its price target to $62.00 from $56.00.
In 2025, Bitcoin’s market capitalization surpassed $2 trillion, briefly overtaking Amazon and ranking among the top six global assets . The overall cryptocurrency market cap approached $4 trillion , cementing digital assets as a core track of the global capital markets.
Retirement is being quietly replaced by a new rhythm. HSBC’s Quality of Life: Affluent Investor Snapshot report, which surveyed more than 10,000 affluent adults in 12 markets around the world, reveals people are taking multiple intentional pauses from their career, to realign or reinvent themselves in breaks called “multi retirements1.”
FinovateFall, produced by Informa PLC (“Informa”), will take place Sept. 8-10 at the Marriott Marquis Times Square in New York City, bringing together more than 2,000 senior executives, decision-makers, and innovators to shape the future of financial services. The event will feature over 60 live product demos from fintech startups and established companies, as well as presentations from more than 100 industry leaders. Key themes will include AI, fraud prevention, embedded finance, open banking, and customer experience, while networking tools and matchmaking technology will help attendees connect with leaders from institutions such as Barclays, Citi, Fidelity, HSBC, ING, and J.P. Morgan.
A big-time new price target and mention within a $100 billion announcement from a Magnificent Seven peer has Broadcom back in the news. Check out the details.
Cisco Systems’ shares fell more than 2% on Friday after HSBC downgraded the networking equipment maker from “buy” to “hold”, citing concerns that the company’s recent restocking boost is losing steam.
HSBC is proud to announce that US Head of Wealth and Private Banking Racquel Oden has been named to Forbes 50 Over 50 —an annual celebration of dynamic women who are making their biggest impact after the age of 50.
