OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to...

Citizens Financial Group Inc.’s results are being driven by growth of the bank’s wealth business and a revival in capital markets, including a comeback for mergers and acquisitions, Chief Executive Officer Bruce Van Saun said. “There’s now a tick-up in deal flow,...

US family offices are paying their top money managers the most competitive salaries globally as the number of private investment firms for the ultra-rich proliferate and they become increasingly professionalized. Almost one of every five chief investment officers at...

Wall Street’s most powerful collection of stocks, the Magnificent Seven, is looking a tad dated. Make way for the Great Eight. Or maybe the Golden Dozen. Or the TenAI of GenAI. It has been almost three years since OpenAI’s ChatGPT made artificial intelligence the...

Investors are piling in to exchange-traded products, betting that stock-market volatility will increase from rock-bottom levels. But while they wait to cash in on a big spike, their returns are dwindling due to a quirk of the market. The largest product that follows...

Cryptocurrencies shed roughly $300 billion in value this week as a wave of leveraged bets unraveled, battering the sector’s biggest tokens and dragging market sentiment to its weakest point since early summer. Ether, the world’s second-largest cryptocurrency, led the...