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Accounting rulemaker says climate risk should be more prominent
NEWS INDUSTRY NEWS JUL 31, 2024
Accounting rulemaker says climate risk should be more prominent

IASB wants to see it reflected in balance sheets, financial statements.

Despite tight budgets, Americans still want their cup of Joe
NEWS INDUSTRY NEWS JUL 31, 2024
Despite tight budgets, Americans still want their cup of Joe

Starbucks results in line with expectations as fewer customers spend more.

Court tosses elderly Hermes heir's $13B fraud claim against ex-wealth manager
NEWS INDUSTRY NEWS JUL 30, 2024
Court tosses elderly Hermes heir's $13B fraud claim against ex-wealth manager

Court ruling says allegation of "gigantic fraud" could not be proven as the octogenarian placed "blind trust" in his former advisor.

Bill Ackman's US fund set to debut at $2B following IPO delay
NEWS INDUSTRY NEWS JUL 30, 2024
Bill Ackman's US fund set to debut at $2B following IPO delay

The launch setback comes after SEC update indicating a sharp dropoff in expected proceeds from the deal.

Jared Kushner linked firm loses $36B on paper, in minutes
NEWS INDUSTRY NEWS JUL 30, 2024
Jared Kushner linked firm loses $36B on paper, in minutes

QXO shares slumped 81% in after-market trading Monday.

Short-seller Andrew Left says he's not guilty of fraud
NEWS INDUSTRY NEWS JUL 30, 2024
Short-seller Andrew Left says he's not guilty of fraud

Prosecutors allege market manipulation, court sets $4M bond.

Morgan Stanley economist to head up new wealth management team
NEWS INDUSTRY NEWS JUL 30, 2024
Morgan Stanley economist to head up new wealth management team

Ellen Zentner will lead the new thematic and macro investing unit.

Ether ETFs end first trading week with $340M net loss
INVESTING ALTERNATIVES JUL 29, 2024
Ether ETFs end first trading week with $340M net loss

Dollar inflows into eight newly minted ETFs weren't enough to cancel out an exodus from a high-fee legacy crypto product.

Companies keeping debt markets busy ahead of Fed decision
INVESTING FIXED INCOME JUL 29, 2024
Companies keeping debt markets busy ahead of Fed decision

Corporate borrowers have announced billions of dollars in new bond sales as funding conditions remain ripe for the moment.

Morgan Stanley says economy-tied stocks to weaken
NEWS INDUSTRY NEWS JUL 29, 2024
Morgan Stanley says economy-tied stocks to weaken

Corporate earnings outlook has dimmed.