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Financial

Goldman Beats on Equity Trading as Fixed Income Falls Short

Goldman Sachs Group's equities traders reported revenue of $6.44 billion for the three months through September, topping expectations. The firm's fixed-income and rates-trading counterparts fell far below Wall Street's estimates in the third quarter. Kristine Aquino reports on Bloomberg Television.

Read more: Goldman Beats on Equity Trading as Fixed Income Falls Short
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Financial

JPMorgan's 3Q Fixed-Income Trading Revenue Misses Estimates

JPMorgan Chase & Co. reported the first decline in more than two years in fixed income, currency, and commodities sales and trading revenue for the third quarter, falling short of the average analyst estimate at $5.37 billion. Equity trading was the standout for the bank, notching $4.95 billion in the quarter. Kristine Aquino reports on Bloomberg Television.

Read more: JPMorgan's 3Q Fixed-Income Trading Revenue Misses Estimates
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Financial

Hobbs Sees Europe as a Possible Haven as Chips Slump

William Hobbs, chief investment officer at Brooks Macdonald, discusses the artificial intelligence trade as a global selloff in chipmakers extended for another day. He tells Bloomberg Television that European markets could offer a safe haven for investors. "You've got to be building positions during the next few years in order to build resilience," Hobbs says.

Read more: Hobbs Sees Europe as a Possible Haven as Chips Slump
Bloomberg
Financial

Blackstone's Gray Says AI Infrastructure Is 'Right Place to Be'

Blackstone President Jonathan Gray says he is positive about the outlook for the artificial intelligence buildout even as the cost of capital rises. "When I look back at this versus other periods of access, like the telecom boom where people built supply ahead of demand, where there was a ton of leverage, this looks and feels very different," Gray tells Yvonne Man on the sidelines of the Bloomberg New Economy Forum in New Delhi.

Read more: Blackstone's Gray Says AI Infrastructure Is 'Right Place to Be'