We had a sense that some good news was coming because most of the banks, the investment banks, they actually posted third quarter results for stock trading that were their best for the third quarter ever. And most of them top down the SEC's expectations, notching about 15 billion of revenue in that quarter. The clear winner here is stock traders.They have benefited, of course, from the volatility set off by Trump's tariff war, but also by the more than 30% rise of the S&P 500, helped by the sort of optimism ...

Core Insights - Stephen Pollock has joined Houlihan Lokey's Capital Solutions Group as a Managing Director in Equity Capital Solutions [1] Company Overview - Houlihan Lokey's Capital Solutions Group is expanding its leadership team with the addition of Stephen Pollock [1] - Pollock will be based in New York, indicating a strategic focus on the East Coast market [1]

Core Insights - The recent discussions surrounding the "dangers" of private credit have been highlighted, particularly in light of defaults leading to write-offs from several banks [1] - The bankruptcy filing of First Brands is a significant event in the context of private credit [1] Group 1: Private Credit Concerns - There has been an increase in conversations about the risks associated with private credit, which is seen as ironic given the recent defaults [1] - Several banks have experienced write-offs due to these defaults, indicating potential systemic issues within the private credit market [1] Group 2: Market Strategies - Rida Morwa, with over 35 years of experience, has been advising clients on high-yield investment strategies since 1991, focusing on sustainable income [1] - The Investing Group High Dividend Opportunities aims for a targeted safe yield of +9%, offering various investment features such as model portfolios and market updates [1]

Wall Street bonuses are projected to jump for the second year in a row as market volatility fuels trading demand and dealmaking makes its long-awaited comeback https://t.co/TIFP4PDcj4 ...

Wall Street bonuses are expected to rise for the second year for traders and investment bankers on surging deal volume and market volatility, according to financial compensation consultancy Johnson Associates. ...

Skip to Main Content Skip to Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Wall Street Heads Into Another Robust Bonus Season By Janet H. Cho Nov 05, 2025, 6:00 am EST Share Resize Reprints The outlook for Wall Street bonuses in 2026 is murkier. (Spencer Platt/G ...

Core Insights - China International Capital Corp (CICC) is strategically focusing on international growth, particularly in Southeast Asia and the Middle East, due to significant shifts in the global political and economic landscape [1] - The bank sees opportunities in Asia's wealth-management sector and the disruptive potential of artificial intelligence, which are expected to drive future business growth [1][3] Wealth Management Focus - CICC identifies wealth management in Asia as a key growth area, driven by the rapid increase in Asia's high-net-worth population [3] - The demand for family offices, cross-border tax planning, and wealth inheritance services is surging, prompting CICC to advance its 'Hong Kong+Singapore' dual-core strategy [4] - A global family-office team has been established in Hong Kong to provide comprehensive wealth solutions for entrepreneurs and ultra-high-net-worth clients [4] Expansion Plans - In Singapore, CICC's wealth-management office plans to expand into derivative trading and virtual assets, targeting high-net-worth clients across Southeast Asia [5] - The bank is deepening its wealth-management presence in the Greater Bay Area through the cross-boundary Wealth Management Connect 2.0 mechanism, promoting cross-border asset allocation [5] Market Trends - Wealthy families globally are using Hong Kong and Singapore as twin hubs for expansion in Asia, favoring real estate and private direct investments for long-term growth [6]

Legal and Economic Implications - The Supreme Court is set to deliberate on the legality of Trump's tariffs, with businesses and states challenging his authority under the International Emergency Economic Powers Act (IEEPA) [2] - A ruling against the administration could result in the government needing to refund $100 billion in tariff revenue and potentially losing billions annually [3] - Treasury Secretary Steven Mnuchin anticipates the Supreme Court will uphold the tariffs but has contingency plans involving other statutes that could allow tariffs of up to 50% [3] Market Reactions and Performance - The stock market's recent surge is attributed to the "artificial-intelligence mania," particularly driven by tech giants like Nvidia and Microsoft, rather than tariffs [4] - On November 4, 2025, the S&P 500 closed at 6,771.55, down 1.17%, while the Nasdaq Composite fell 2.04% to 23,348.64, and the Dow Jones Industrial Average decreased by 0.53% to 47,085.24 [4] - Trump's tariff decisions have cumulatively subtracted $4.7 trillion from the market value of the S&P 500 between November 2024 and April 2025, including a $2 trillion hit to the "Magnificent Seven" tech companies [5] Industry-Specific Impacts - The entertainment industry is facing a 100% tariff on foreign-made movies, leading to significant stock declines for companies like Netflix (down 3.3%) and Walt Disney (down 1.5%) [6] - The toy industry has seen tariffs as high as 22.4% for baby items and 20% for toys, resulting in price hikes and potential closures of small businesses [7] - Pharmaceutical giant Johnson & Johnson revised its expected tariff impact for 2025 from $400 million to $200 million, indicating that tariffs could disrupt drug supply chains [8] Broader Market Sentiment - Analysts express concerns over Trump's use of emergency powers for tariffs, with warnings about "overheated valuations" in the tech sector and a possible market correction of 10-20% [9] - Trump's social media commentary often contrasts with actual market performance, as seen in his claims of record highs despite recent market dips [9] - The parent company of Truth Social, Trump Media & Technology Group, has experienced significant stock volatility, reflecting broader market trends [10]

November 4, 2025 08:50 AM GMT M Foundation India Equity Strategy Playbook | Asia Pacific Is the Correction Over? With the growth cycle turning, Indian equities appear poised to recover from a steep relative correction since the end of Sep- 24. Key factors driving India's underperformance are reversing: The growth slowdown that started 2H24, coupled with rich relative valuations, appear to be the fundamental drivers. That India does not offer explicit AI-related trades is another reason. The delay in the US ...

November 5, 2025 12:24 AM GMT Global Macro Commentary | Global November 4: Risk-Off Rotation US rates rally amid global equity sell-off; US government shutdown sees some movement as growth concerns resurface; Japan verbal FX intervention; Canada budget proposes C$78bn deficit increase; Australia RBA on hold, as expected; DXY at 100.224 (+0.4%); US 10y at 4.086 (-2.5bp). Global risk sentiment falters without clear catalysts, leading bonds and the dollar to outperform while equities largely sell off. Develope ...