Industry News

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Salim Ramji begins CEO role at Vanguard
NEWS INDUSTRY NEWS JUL 08, 2024
Salim Ramji begins CEO role at Vanguard

The former BlackRock ETFs leader vowed the firm would preserve Jack Bogle’s original vision while evolving in step with its customers’ needs.

By Leo Almazora
Why affluent individuals are investing in global citizenship
NEWS INDUSTRY NEWS JUL 08, 2024
Why affluent individuals are investing in global citizenship

More high-net-worth individuals in the US are engaging in "jurisdictional arbitrage," says Apex Capital Partners founder Nuri Katz.

By Emily Douglas
BlackRock acquisition founder makes staff millionaires
NEWS INDUSTRY NEWS JUL 08, 2024
BlackRock acquisition founder makes staff millionaires

Deal makes Preqin chief wealthier than Larry Fink.

By Steve Randall
Bumper earnings season is key to continued stock rally
NEWS INDUSTRY NEWS JUL 08, 2024
Bumper earnings season is key to continued stock rally

Wall Street strategists optimistic on Corporate America's ability to deliver.

By Bloomberg
Steeper bond curve expected, CPI to further help bonds
NEWS INDUSTRY NEWS JUL 08, 2024
Steeper bond curve expected, CPI to further help bonds

Bet favored by Citi, JPMorgan is looking good.

By Bloomberg
Gold slips as China keeps buying on hold for second month
NEWS INDUSTRY NEWS JUL 08, 2024
Gold slips as China keeps buying on hold for second month

Further easing could be ahead as traders digest data.

By Bloomberg
Paramount to merge with Skydance Media in complex deal
NEWS INDUSTRY NEWS JUL 08, 2024
Paramount to merge with Skydance Media in complex deal

CBS, MTV owner to get fresh capital injection.

By Bloomberg
Friendly tax climates give top NHL teams a recruiting edge
NEWS INDUSTRY NEWS JUL 05, 2024
Friendly tax climates give top NHL teams a recruiting edge

For many past champions, the absence of a state income tax is a valuable bargaining chip when it comes to luring free agents.

By Leo Almazora
Rare downgrade for Nvidia as analyst airs valuation concerns
NEWS INDUSTRY NEWS JUL 05, 2024
Rare downgrade for Nvidia as analyst airs valuation concerns

After the breathless rally since last year, the stock has no room left to run, he argues.

By Bloomberg
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes
NEWS INDUSTRY NEWS JUL 05, 2024
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes

Jobs report shows greater-than-expected cooldown in labor market during the second quarter.

By Bloomberg
Schroders Capital pilots tokenized insurance-linked securities investments
NEWS INDUSTRY NEWS JUL 05, 2024
Schroders Capital pilots tokenized insurance-linked securities investments

Private markets business teamed up with a global reinsurer for the proof of concept.

By Steve Randall
Global equities reach record high ahead of US jobs data
NEWS INDUSTRY NEWS JUL 05, 2024
Global equities reach record high ahead of US jobs data

Stats are expected to show an easing labor market.

By Bloomberg
Bitcoin at lowest since February, despite gains for stocks
NEWS INDUSTRY NEWS JUL 05, 2024
Bitcoin at lowest since February, despite gains for stocks

Cryptocurrency declines for fourth consecutive day.

By Bloomberg
Gold heads for weekly gain as traders eye Fed cuts
NEWS INDUSTRY NEWS JUL 05, 2024
Gold heads for weekly gain as traders eye Fed cuts

Expectation is rising that interest rate reduction is ahead.

By Bloomberg
Election result puts UK assets back in favor
NEWS INDUSTRY NEWS JUL 05, 2024
Election result puts UK assets back in favor

By Bloomberg
Fed officials see price pressures easing, but still cautious on rate cuts
NEWS INDUSTRY NEWS JUL 03, 2024
Fed officials see price pressures easing, but still cautious on rate cuts

Minutes from June policy meeting reveal central bank officials’ concerns around persistent inflation and slowing economic growth.

By Leo Almazora
BlackRock's Preqin deal prompts lower outlook at Moody's
NEWS ALTERNATIVES JUL 03, 2024
BlackRock's Preqin deal prompts lower outlook at Moody's

The ratings company is voicing concerns over the asset management giant's increased debt and leverage ratios.

By Bloomberg
Blackstone REIT keeps up with demand to buy back shares
NEWS ALTERNATIVES JUL 03, 2024
Blackstone REIT keeps up with demand to buy back shares

May was a particularly tough month for nontraded REITs.

By Bruce Kelly
JPMorgan's Kolanovic set to depart after string of bad stock calls
NEWS EQUITIES JUL 03, 2024
JPMorgan's Kolanovic set to depart after string of bad stock calls

Internal memo reveals planned leadership shakeup at the banking giant as its chief market strategist is "exploring other opportunities."

By Bloomberg
Nearly a fifth of Americans have no emergency savings, finds Empower
NEWS INDUSTRY NEWS JUL 03, 2024
Nearly a fifth of Americans have no emergency savings, finds Empower

A quarter of survey respondents had to dip into their rainy-day funds as inflation, rising prices, and debt chip away at their finances.

By Leo Almazora