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BlackRock backs fewer proposals on climate, social issues
MUTUAL FUNDS AUG 24, 2023
BlackRock backs fewer proposals on climate, social issues

The fund company supported almost 7% of proposals in the 12 months ended in June, down from 22% in the year-earlier period.

Nvidia smashes Wall Street forecast amid AI boom
EQUITIES AUG 24, 2023
Nvidia smashes Wall Street forecast amid AI boom

The chipmaker's shares soared toward a record high before the bell.

Why bonds are the best since the financial crisis
FIXED INCOME AUG 24, 2023
Why bonds are the best since the financial crisis

Investors are weighing prospect of higher rates for longer.

Judge orders $500K royalties must go to R. Kelly victims
REGULATION, LEGAL & COMPLIANCE AUG 24, 2023
Judge orders $500K royalties must go to R. Kelly victims

The disgraced singer is serving a 30 year jail sentence.

Four major banks settle stock-lending suit
RETIREMENT PLANNING AUG 23, 2023
Four major banks settle stock-lending suit

Pension funds led by the Iowa Public Employees' Retirement System brought an antitrust action related to the banks' control of the market for stock loans used for hedging and short selling.

US futures rise but markets await Nvidia, rate signals
RIA NEWS AUG 23, 2023
US futures rise but markets await Nvidia, rate signals

Data and Fed chair's Jackson Hole speech all ahead.

Gold continues to shine as a hedge against uncertainty
RIA NEWS AUG 23, 2023
Gold continues to shine as a hedge against uncertainty

Fund managers are holding or increasing allocations despite recent price decreases.

Funds ditch $11B of China's blue-chip stocks in 13 days
EQUITIES AUG 23, 2023
Funds ditch $11B of China's blue-chip stocks in 13 days

Fears of economic contagion from housing market are driving investors out of the mainland market.

Why are big asset managers buying Japanese hotels?
RIA NEWS AUG 23, 2023
Why are big asset managers buying Japanese hotels?

Goldman Sachs, KKR, and Blackstone are among the firms loading up on the assets.

Schwab to issue debt after news of job cuts
FIXED INCOME AUG 22, 2023
Schwab to issue debt after news of job cuts

The longest-dated portion of the firm's senior unsecured notes, an 11-year fixed-to-floating-rate note, may yield about 2.05 percentage points over Treasuries.