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What does succession look like for $6B Armani?
RIA NEWS APR 19, 2024
What does succession look like for $6B Armani?

An IPO or merger could be on the cards as the billionaire designer turns 90.

Correction for Nvidia, chip stocks index
RIA NEWS APR 18, 2024
Correction for Nvidia, chip stocks index

The darlings of the market in recent years are facing challenges.

Fed's slower pace spreads to emerging markets
RIA NEWS APR 18, 2024
Fed's slower pace spreads to emerging markets

Rate cut bets in major Asian markets have eased.

Chili Peppers, Neil Young fund sells $2B catalog for a song
RIA NEWS APR 18, 2024
Chili Peppers, Neil Young fund sells $2B catalog for a song

Concord to buy struggling Hipgnosis fund for around $1.4B.

Suit challenges SEC market surveillance tool as unconstitutional
INDEPENDENT BROKER DEALERS APR 17, 2024
Suit challenges SEC market surveillance tool as unconstitutional

The Texas lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail, a database that would collect virtually all US trading data.

Stocks gain as focus shifts from rates to earnings
RIA NEWS APR 17, 2024
Stocks gain as focus shifts from rates to earnings

S&P futures up 0.3% on hopes of a rebound after three days of losses.

US yields at highest since November, enticing opportunist buyers
FIXED INCOME APR 17, 2024
US yields at highest since November, enticing opportunist buyers

Despite negative sentiment, some investors are seeing potential.

Morgan Stanley downplays AML scrutiny for wealth clients
WIREHOUSES APR 17, 2024
Morgan Stanley downplays AML scrutiny for wealth clients

CEO says it's nothing new to be talking to regulators.

Global regulators want to bolster hedge fund protections
REGULATION AND LEGISLATION APR 17, 2024
Global regulators want to bolster hedge fund protections

Proposals would help funds cope with market stress.

UBS reportedly faces $20B capital hit under proposed Swiss reforms
WIREHOUSES APR 16, 2024
UBS reportedly faces $20B capital hit under proposed Swiss reforms

The Swiss Finance Minister wants systematically important lenders to have full capital backing against their foreign units.