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UBS asset management leadership gets a refresh
RIA NEWS MAY 16, 2024
UBS asset management leadership gets a refresh

The unit is undergoing streamlining, cost reductions.

US inflation stats were accidentally released early
RIA NEWS MAY 16, 2024
US inflation stats were accidentally released early

But did the mistake move the markets?

White House wealth: Bidens' assets and income revealed
RIA NEWS MAY 16, 2024
White House wealth: Bidens' assets and income revealed

Official documents also cover Kamala Harris, Doug Emhoff.

Direxion deploys ETFs for turbocharged AI bets
ETFS MAY 15, 2024
Direxion deploys ETFs for turbocharged AI bets

The thematic ETF leader is offering professional investors a vehicle to amplify their long and short exposures to AI stocks.

The Fed gets some breathing room as core CPI cools in April
RIA NEWS MAY 15, 2024
The Fed gets some breathing room as core CPI cools in April

The moderating inflation metric offers some hope, but the US central bank needs more before considering a dovish turn.

US investment firm falls victim to crypto fraudsters
RIA NEWS MAY 15, 2024
US investment firm falls victim to crypto fraudsters

Funds are reportedly still missing from $1.7B firm's main hedge fund.

IEA sees global oil demand softening
RIA NEWS MAY 15, 2024
IEA sees global oil demand softening

It's the second straight month that the outlook has been cut.

Pimco helps Allianz to higher profit in Q1
RIA NEWS MAY 15, 2024
Pimco helps Allianz to higher profit in Q1

Bond management unit posted best quarter in six years.

Powell preaches patience as he reiterates higher-for-longer stance
RIA NEWS MAY 14, 2024
Powell preaches patience as he reiterates higher-for-longer stance

The Federal Reserve chair sees continuing need for hawkish rate hold amid sticky inflation and continuing strength in the jobs market.

Is investors’ love affair with thematic ETFs officially over?
ETFS MAY 14, 2024
Is investors’ love affair with thematic ETFs officially over?

With ETFs around thematic bets bleeding billions so far this year, niche asset managers have had to make some tough choices.