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Judge orders $500K royalties must go to R. Kelly victims
NEWS REGULATION AND LEGISLATION 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 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
NEWS INDUSTRY 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
NEWS INDUSTRY 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
INVESTING 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?
NEWS INDUSTRY 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
INVESTING 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.

Citigroup's Fraser weighs executive reshuffle after Ybarra exit
NEWS INDUSTRY NEWS AUG 22, 2023
Citigroup's Fraser weighs executive reshuffle after Ybarra exit

CEO Jane Fraser targets 'flatter and leaner' organization.

Nasdaq futures suggest enduring tech rally
NEWS INDUSTRY NEWS AUG 22, 2023
Nasdaq futures suggest enduring tech rally

Treasuries also steadied in early trade Tuesday.

S&P cuts ratings for multiple US banks
NEWS INDUSTRY NEWS AUG 22, 2023
S&P cuts ratings for multiple US banks

Ratings downgrade follows action from Moody's two weeks ago.