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Equities gain as Fed signals potential end to rate hiking
NEWS INDUSTRY NEWS NOV 02, 2023
Equities gain as Fed signals potential end to rate hiking

World markets have reacted to Fed chair Jerome Powell's comments.

Gen Z is running out of cash, and that's bad for the economy
NEWS INDUSTRY NEWS NOV 02, 2023
Gen Z is running out of cash, and that's bad for the economy

Poll reveals fewer Americans can cover a $400 emergency expense.

Ultra-rich investors are pulling back from $1M+ artworks
NEWS INDUSTRY NEWS NOV 02, 2023
Ultra-rich investors are pulling back from $1M+ artworks

The high-end art market is thinning out according to UBS.

Vanguard will shutter China office next year, but it could return
NEWS INDUSTRY NEWS NOV 02, 2023
Vanguard will shutter China office next year, but it could return

The firm says it will monitor the market for further opportunities.

World's largest pension fund drops $4.5B in third quarter
NEWS INDUSTRY NEWS NOV 02, 2023
World's largest pension fund drops $4.5B in third quarter

GPIF posted the huge loss due to decline for domestic bonds.

Schwab cuts more than 2,000 jobs amid TD integration
NEWS INDUSTRY NEWS NOV 01, 2023
Schwab cuts more than 2,000 jobs amid TD integration

The firm is trying to curb costs as it continues to integrate TD Ameritrade.

Fed signals concern about rise in Treasury yields
NEWS INDUSTRY NEWS NOV 01, 2023
Fed signals concern about rise in Treasury yields

Some officials have said the recent surge in long-term Treasury yields may reduce the need for further rate increases.

Fed decision day: 'Hawkish' hold expected, Treasuries gain
NEWS INDUSTRY NEWS NOV 01, 2023
Fed decision day: 'Hawkish' hold expected, Treasuries gain

US stock futures down ahead of FOMC announcement Wednesday.

Oil and gas firms could face a decade of credit downgrades, Fitch says
INVESTING EQUITIES NOV 01, 2023
Oil and gas firms could face a decade of credit downgrades, Fitch says

Companies that do not make progress in net zero transition set to suffer.

Macro hedge funds rebound from disastrous first-half
NEWS INDUSTRY NEWS NOV 01, 2023
Macro hedge funds rebound from disastrous first-half

Macro trades are proving successful for fund managers.