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BlackRock, MSCI probed by lawmakers over China investments
NEWS INDUSTRY NEWS AUG 02, 2023
BlackRock, MSCI probed by lawmakers over China investments

Congressional committee is investigating whether the asset managers facilitated investments into blacklisted firms.

Bitcoin rally could endure if US manages a soft landing
NEWS INDUSTRY NEWS AUG 02, 2023
Bitcoin rally could endure if US manages a soft landing

But further tightening by the Fed could put a swift end to the crypto rally.

Fitch downgrades US credit rating
INVESTING FIXED INCOME AUG 01, 2023
Fitch downgrades US credit rating

In cutting its rating on US sovereign debt to AA from AAA, Fitch cited 'repeated debt limit standoffs and last-minute resolutions.'

Goldman wealth exec exits abruptly
YOUR PRACTICE PRACTICE MANAGEMENT AUG 01, 2023
Goldman wealth exec exits abruptly

Lisa Opoku, a Goldman partner, had been running the firm's family office for its top brass since last year.

Stocks down on mixed earnings, dollar up slightly
NEWS INDUSTRY NEWS AUG 01, 2023
Stocks down on mixed earnings, dollar up slightly

Apple and Amazon earnings are due this week.

Oppenheimer predicts record for S&P 500 by year-end
INVESTING EQUITIES AUG 01, 2023
Oppenheimer predicts record for S&P 500 by year-end

The asset manager's chief investment strategist has Wall Street’s most bullish forecast.

FTX draft bankruptcy plan could see cash for creditors
NEWS INDUSTRY NEWS AUG 01, 2023
FTX draft bankruptcy plan could see cash for creditors

But the size of the pool of claims means they are unlikely to get back what they invested.

Patchy signals on rates leave markets uncertain
NEWS INDUSTRY NEWS JUL 31, 2023
Patchy signals on rates leave markets uncertain

Mixed data is adding to the confusion for investors as the month ends.

Morgan Stanley's Wilson says stock rally is similar to 2019
INVESTING EQUITIES JUL 31, 2023
Morgan Stanley's Wilson says stock rally is similar to 2019

The strategist says that there should be more to come and is open to an economic upturn ahead.

Tech in favor, but investors wary of AI hype
INVESTING EQUITIES JUL 31, 2023
Tech in favor, but investors wary of AI hype

Survey reveals investors plan to increase tech allocations but are unsure about how much artificial intelligence will upend business.