Industry News

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Sharp rise for oil as Middle East tension escalates
NEWS INDUSTRY NEWS OCT 13, 2023
Sharp rise for oil as Middle East tension escalates

WTI up 3% this week amid trading volatility.

By Bloomberg
How the other half live: Bezos buys neighbor's $79M mansion
NEWS INDUSTRY NEWS OCT 13, 2023
How the other half live: Bezos buys neighbor's $79M mansion

Amazon chief gets a 7% discount on 'Billionaire's Bunker' home.

By Bloomberg
Allworth Financial names new CEO
NEWS INDUSTRY NEWS OCT 12, 2023
Allworth Financial names new CEO

John Bunch’s resume includes stints at Edelman Financial Engines, The Mutual Fund Store, TD Ameritrade and Charles Schwab.

By InvestmentNews
Be named one of the industry’s Top Advisors
NEWS INDUSTRY NEWS OCT 12, 2023
Be named one of the industry’s Top Advisors

Don’t miss the chance to be part of InvestmentNews’ first-ever showcase of Top Advisors.

By InvestmentNews
Encouraging more Hispanic advisors: Insights from a $1B firm founder
NEWS INDUSTRY NEWS OCT 12, 2023
Encouraging more Hispanic advisors: Insights from a $1B firm founder

What can the investment and wealth management industry do to boost diversity?

By Steve Randall
Wall Street signals profit slump may be over, boosts forecasts
NEWS INDUSTRY NEWS OCT 12, 2023
Wall Street signals profit slump may be over, boosts forecasts

Easing inflation is driving expectation of positive earnings.

By Bloomberg
Fed's Collins says rates may have peaked or are close
NEWS INDUSTRY NEWS OCT 12, 2023
Fed's Collins says rates may have peaked or are close

But that does not completely rule out further rate hikes.

By Bloomberg
SEC commissioner sounds alarm on syndicated loans risk
NEWS INDUSTRY NEWS OCT 12, 2023
SEC commissioner sounds alarm on syndicated loans risk

The investments could pose a risk to the wider financial system, Caroline Crenshaw warns.

By Bloomberg
Still no end to banking deals drought, says Barclays
NEWS INDUSTRY NEWS OCT 12, 2023
Still no end to banking deals drought, says Barclays

It's one of the factors weakening industry's earnings outlook.

By Bloomberg
Hillhouse pitches $1B Asia private credit fund to investors
NEWS INDUSTRY NEWS OCT 12, 2023
Hillhouse pitches $1B Asia private credit fund to investors

The private credit market in the region is small but growing.

By Bloomberg
How can advisors better serve America's youngest adults?
NEWS INDUSTRY NEWS OCT 11, 2023
How can advisors better serve America's youngest adults?

Edward Jones study finds those aged 18-34 are struggling but optimistic.

By Steve Randall
BMO Capital Markets announces new CEO as Dan Barclay retires
NEWS INDUSTRY NEWS OCT 11, 2023
BMO Capital Markets announces new CEO as Dan Barclay retires

The group will have a new leader at the start of next month.

By Steve Randall
IMF says US Treasuries dynamic is 'very unfavorable'
NEWS INDUSTRY NEWS OCT 11, 2023
IMF says US Treasuries dynamic is 'very unfavorable'

It says US fiscal path is unsustainable and forecasts ongoing debt growth.

By Bloomberg
Can earnings continue to resist impact of rate hikes?
NEWS INDUSTRY NEWS OCT 11, 2023
Can earnings continue to resist impact of rate hikes?

As Q3 earnings season begins, questions will be asked.

By Bloomberg
EM stocks tumble to lowest level since 1987
NEWS INDUSTRY NEWS OCT 11, 2023
EM stocks tumble to lowest level since 1987

Developing nation equities have suffered significant pullbacks from investors.

By Bloomberg
Americans saved hundreds of billions more than previously thought
NEWS INDUSTRY NEWS OCT 10, 2023
Americans saved hundreds of billions more than previously thought

The fact that households are in better shape financially could make a recession less likely.

By Bloomberg
Philanthropist Chuck Feeney dies aged 92, with $8B 'giving while living' legacy
NEWS INDUSTRY NEWS OCT 10, 2023
Philanthropist Chuck Feeney dies aged 92, with $8B 'giving while living' legacy

The entrepreneur was the ultimate example of using wealth to do good.

By Steve Randall
Stratos Wealth aims to boost national reach with new executive hire
NEWS INDUSTRY NEWS OCT 10, 2023
Stratos Wealth aims to boost national reach with new executive hire

The firm has hired a former MassMutual and MetLife business development specialist.

By Steve Randall
Stocks gain after Fed's 'change of tone'
NEWS INDUSTRY NEWS OCT 10, 2023
Stocks gain after Fed's 'change of tone'

But UBS says fixed income is a better bet than equities right now.

By Bloomberg
IMF, World Bank meetings begin but what's on the agenda?
NEWS INDUSTRY NEWS OCT 10, 2023
IMF, World Bank meetings begin but what's on the agenda?

The masters of the world's money have plenty to talk about.

By Bloomberg