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Wealth management unit helps propel UBS back to profit
RIA NEWS MAY 07, 2024
Wealth management unit helps propel UBS back to profit

Net income smashed analysts’ expectations for first quarter.

Medicare fund will pay full benefits for extra five years
RIA NEWS MAY 07, 2024
Medicare fund will pay full benefits for extra five years

Strong economy means the fund should be in a solid position until 2036.

Robinhood’s crypto business under fire after SEC warning
ALTERNATIVES MAY 06, 2024
Robinhood’s crypto business under fire after SEC warning

The stock trading platform is facing an enforcement action as the federal regulator continues to crack down on digital assets.

Stifel employees leave after probe into 'inappropriate relations'
RIA NEWS MAY 06, 2024
Stifel employees leave after probe into 'inappropriate relations'

A spokesperson for the St. Louis-based firm says it has 'taken appropriate action,' with one of the employees going through a 'legal process.'

Berkshire Hathaway earnings grow to $11B, cash hoard at $189B
RIA NEWS MAY 06, 2024
Berkshire Hathaway earnings grow to $11B, cash hoard at $189B

Warren Buffett says cash will only be spent on low-risk, high-return deals.

Stocks gain ahead of central bank speeches
RIA NEWS MAY 06, 2024
Stocks gain ahead of central bank speeches

Stocks gain ahead of central bank speeches.

Former bulls' EMs outlook sours
RIA NEWS MAY 06, 2024
Former bulls' EMs outlook sours

Higher-for-longer US rates and geopolitics are among the fears.

Hedge fund options bets may predict green equities performance
RIA NEWS MAY 06, 2024
Hedge fund options bets may predict green equities performance

New academic study found industry predictions outperform.

Spurs co-owner Sixth Street laying ground for debut sports fund
ALTERNATIVES MAY 03, 2024
Spurs co-owner Sixth Street laying ground for debut sports fund

The San Francisco-based investment firm and NBA team stakeholder is reportedly in talks to raise its first vehicle for sports teams and leagues.

JPMorgan taps ChatGPT for new thematic investment suite
ETFS MAY 03, 2024
JPMorgan taps ChatGPT for new thematic investment suite

The banking giant’s generative AI-powered strategy, IndexGPT, is the latest attempt by Wall Street to harness the nascent technology.