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Industry News

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Topic

Oil dips as OPEC+ delays meeting until Nov. 30

The meeting will be held online and is expected to result in a production cut.

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National RIAs to merge to create $11.2B firm with plans to hire in 2024

For one of the partners, it’s the second merger in as many months.

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Binance to pay $4.3B in settlement as firm, CEO plead guilty

Crypto exchange chief will also pay $50M as part of the agreement.

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Sam Altman to return as CEO at OpenAI

The move comes just days after investors were blindsided by his removal.

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Stocks mixed ahead of key economic data

Last day of trading before US markets pause for the holidays.

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Japan’s value stocks to extend overperformance in 2024, says UBS

The relatively cheap stocks set to gain from rebounding economy.

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How will you rate your fund providers and investment research platforms?

Don’t miss the chance to be part of InvestmentNews’ first-ever showcase of fund providers and research platforms.

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Wealth inequality is result of ‘pure randomness’: Study

But advisors say there’s more to the wealth gap than 'just luck.'

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Citigroup lifer leaves head of wealth services role amid reorganization

The Wall Street firm is working on an overhaul of its wealth business structure.

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Weaker greenback means EM currencies are rebounding

But profit-taking could spark near-term volatility.

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Will employers pass the college planning test?

As federal student loan payments resume, parts of the SECURE 2.0 Act will soon make it easier to save for college or contribute to a 401(k).

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Bitcoin ETF hype has Wall Street eyeing crypto potential

The SEC is expected to green-light spot-bitcoin ETFs in coming months, and that's seen as kicking open investing in digital currency among both institutional and retail investors.

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Citi initiates restructuring with significant job cuts

Thousands could be affected as bank slashes positions.

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Goldman Sachs Japan president in sudden departure

Hank Paulson-appointed regional boss abruptly out.

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Nepsis boosts tax and accounting capabilities with acquisition of full-service firm

National RIA firm will incorporate 70-year-old firm into its existing brand structure.

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Dollar down further on rates speculation

Traders are eyeing a rate cut early in 2024.

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Wealthfront reaches $50B AUM milestone, 2023 revenue growth near 140%

Automation and a focus on delivering value to clients are secret to success.

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Treasuries saw first net outflows in two years, official data reveals

Foreign investors sold $1.7B more than they bought in September.

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Big banks face larger burden from SVB collapse

FDIC deposit insurance fund paid out around $16B.

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Edelman purchases $500M Massachusetts RIA

The acquisition is Edelman’s fifth over the last year.