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Record high for gold as trio of drivers converge
INVESTING ALTERNATIVES APR 01, 2024
Record high for gold as trio of drivers converge

Rate bets, geopolitics and demand all supporting gains.

World Bank warns of slowdown for APAC economies
NEWS INDUSTRY NEWS APR 01, 2024
World Bank warns of slowdown for APAC economies

China is among the economies where GDP is expected to weaken.

Actively managed emerging-market ETFs capture outsize share of flows
INVESTING ETFS MAR 31, 2024
Actively managed emerging-market ETFs capture outsize share of flows

Developing nation stocks are trading at a discount of about 43 percent compared to peers in the US, just shy of the biggest valuation gap on record.

Bankman-Fried gets 25 years in prison for FTX fraud
NEWS REGULATION AND LEGISLATION MAR 28, 2024
Bankman-Fried gets 25 years in prison for FTX fraud

'There is a risk that this man will be in a position to do something very bad in the future,' the judge says. 'And it’s not a trivial risk. Not a trivial risk at all.'

B. Riley gets extension to file audited financials
NEWS BROKER DEALERS MAR 28, 2024
B. Riley gets extension to file audited financials

The firm has been given until April 29 under its existing credit agreement with Nomura Holdings, it said in a filing.

AI is facilitating financial fraud, Treasury warns
NEWS REGULATION AND LEGISLATION MAR 28, 2024
AI is facilitating financial fraud, Treasury warns

Advances in artificial intelligence make it easier for criminals to impersonate customers and craft increasingly sophisticated email phishing attacks, according to a report.

New records for stocks as quarterly gain approaches
NEWS INDUSTRY NEWS MAR 28, 2024
New records for stocks as quarterly gain approaches

Global equities advance but markets await Fed inflation data.

No rush to cut rates, says hawkish Fed governor
NEWS INDUSTRY NEWS MAR 28, 2024
No rush to cut rates, says hawkish Fed governor

Christopher Waller says recent inflation data have been disappointing.

Blackstone CEO bullish on private credit
NEWS INDUSTRY NEWS MAR 28, 2024
Blackstone CEO bullish on private credit

Steve Schwarzman eyes healthcare, real estate for expansion.

UBS boss gets $16M but bonuses are cut for traders
NEWS WIREHOUSES MAR 28, 2024
UBS boss gets $16M but bonuses are cut for traders

Despite challenging conditions, the bank has posted a record profit.