Morning Bid: New highs as Nvidia tops Apple, ECB and BoC easing

Wall Street’s tech-led stock surge to new records has seen $3 trillion AI-champion Nvidia (NVDA.O), opens new tab replace Apple (AAPL.O), opens new tab as the world’s 2nd most valuable company in a market infused with interest rate cut excitement across the G7. With the European Central Bank set to follow the Bank of Canada on Thursday with its first interest rate cut of […]

Swiss regulations not yet tough enough post-Credit Suisse, SNB says

Switzerland’s financial regulations need further strengthening following the takeover of Credit Suisse by UBS, the Swiss National Bank said on Thursday, pressing for more to be done on capital and liquidity requirements. Credit Suisse roiled financial markets last year when it collapsed following a string of financial problems, and was absorbed by its old rival […]

Berkshire Hathaway boosts stake in Occidental Petroleum to nearly 29%

Billionaire Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), acquired another 2.95 million shares in Occidental Petroleum (OXY.N),  a regulatory filing showed, bringing his stake in the U.S. oil producer’s common stock to nearly 29%. Berkshire disclosed in a U.S. Securities and Exchange Commission filing on Monday that it paid about $176 million in three separate purchases of Occidental shares […]