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By Saqib Iqbal Ahmed NEW YORK (Reuters) – An options strategy that bets on individual stocks logging larger-than-expected moves after corporate results was winning big this earnings season but is among many that has been derailed by this week’s volatility spike. The strategy involves buying options straddles – which combine a put and a call options purchase – on shares of a company ahead of its earnings report. Data from ORATS showed the strategy worked … Read more…

By Patricia Zengerle and David Brunnstrom WASHINGTON (Reuters) – Vice President Kamala Harris’ running mate, Minnesota Gov. Tim Walz, is drawing attention from U.S. Republicans – and within China – for his long history with a country seen as Washington’s greatest economic and military rival. Attacks from supporters of the Republican presidential candidate, former President Donald Trump, started after Harris announced on Tuesday that Walz – who taught in China after college and has traveled … Read more…

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks were lower in choppy trading on Wednesday afternoon, rising early with technology shares and then falling in tandem with them as investor jitters were stoked by weak demand in a 10-year Treasury auction. With investors still nervous after a recent steep selloff in global stocks, equities pared early gains further after the Treasury auction. Wall Street then turned red, and the S&P technology index was last down … Read more…

(Reuters) – Piper Sandler has agreed to pay a total of $16 million as a civil penalty to U.S. regulators to resolve investigations into its record-keeping practices, the investment banking firm said on Tuesday. The firm will pay $14 million to the U.S. Securities and Exchange Commission (SEC) and $2 million to the Commodity Futures Trading Commission (CFTC) to settle probes into unapproved business-related communications on messaging platforms, according to a company filing. The SEC … Read more…

By Harry Robertson LONDON (Reuters) – The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC’s private bank said on Tuesday. The tech-focused U.S. Nasdaq 100 index dropped 3% on Monday, as investors fretted about the U.S. economy. It has slid 12% from a record high in July, with some investors also worried that artificial intelligence has been overhyped. “In technology, … Read more…

By Jody Godoy (Reuters) – Apple could be the winner after Alphabet’s Google lost its fight with the U.S. antitrust enforcers earlier this week, with a ruling that supports the iPhone maker’s defense in its own antitrust court battle with U.S. prosecutors, legal experts said.   A federal judge mostly sided with state and federal antitrust enforcers in the blockbuster case on Monday that ruled Google’s search business was an illegal monopoly, but threw out a … Read more…

By Hannah Lang and Saqib Iqbal Ahmed NEW YORK (Reuters) -A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic downturn and bigger interest rate cuts from the Federal Reserve. The dollar index, which tracks the U.S. currency against a basket of six others, was down 0.46% to 102.68, after sinking as low as 102.15, its … Read more…