Wall Street is mixed as tech stocks fall and banks rise

The Dow regained some lost ground, although the S&P 500 and Nasdaq stumbled, dragged down by declines in mega-cap technology stocks, while the broader market benefited from positive quarterly results from banks, particularly Morgan Stanley. Morgan Stanley rose 6.7 percent, joining rivals such as JPMorgan Chase, which reported strong profits following a sharp rise in … Read more

“Many are under pressure”: Westpac’s mortgage arrears and corporate loans are weighing on the bank’s balance sheet

More mortgage holders are falling behind on their debt repayments and businesses are struggling with falling demand as the cost of living weighs on the Australian economy, according to Westpac's latest quarterly results. In a third-quarter update to the ASX on Monday, Westpac chief executive Peter King said financial headwinds were tough.