Industry News

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NTAM hires former Goldman leader as global head of product strategy
NEWS INDUSTRY NEWS JUL 24, 2024
NTAM hires former Goldman leader as global head of product strategy

The $1.2B firm's new appointment will lead the drive for innovation.

By Steve Randall
Ether ETFs exceed $100M inflows in debut trading
NEWS INDUSTRY NEWS JUL 24, 2024
Ether ETFs exceed $100M inflows in debut trading

BlackRock, Bitwise, Fidelity lead the demand across nine new funds.

By Bloomberg
Tesla disappoints but Musk hails autonomy as the future
NEWS INDUSTRY NEWS JUL 24, 2024
Tesla disappoints but Musk hails autonomy as the future

Robotaxis launch pushed back by around two months.

By Bloomberg
Smalltown students benefit as billionaire banker pledges $150M
NEWS INDUSTRY NEWS JUL 24, 2024
Smalltown students benefit as billionaire banker pledges $150M

Byron Trott's latest philanthropic act will help rural students.

By Bloomberg
Barred broker arrested in Ohio for $1 million alleged fraud
NEWS ALTERNATIVES JUL 23, 2024
Barred broker arrested in Ohio for $1 million alleged fraud

"If the salesperson doesn't have a license, my advice is simple: hang onto your wallet," one former state regulator says.

By Bruce Kelly
T. Rowe Price bets on fast growth in $7B blue bonds market
NEWS INDUSTRY NEWS JUL 23, 2024
T. Rowe Price bets on fast growth in $7B blue bonds market

Investment manager expects escalation over the next decade.

By Bloomberg
Why AI boom could derail US emissions reduction
NEWS INDUSTRY NEWS JUL 23, 2024
Why AI boom could derail US emissions reduction

New analysis highlights skyrocketing demand for electricity.

By Bloomberg
They co-lead a Wall Street titan: here's how it happened
NEWS INDUSTRY NEWS JUL 23, 2024
They co-lead a Wall Street titan: here's how it happened

Jamie Dimon's hand-picked leaders are focused on market share.

By Bloomberg
RIA M&A continues to roll in 2024
NEWS RIAS JUL 22, 2024
RIA M&A continues to roll in 2024

"The big theme is that the industry is still in fourth inning of the consolidation ball game," says one executive.

By Bruce Kelly
Advisors assess "Harris Trade" after Biden's departure from Presidential race
NEWS INDUSTRY NEWS JUL 22, 2024
Advisors assess "Harris Trade" after Biden's departure from Presidential race

Wall Street has come to a consensus on the "Trump Trade." But which sectors will be winners if the Vice President wins the election?

By Gregg Greenberg
“Greatest bubble” set to burst, says expert
NEWS INDUSTRY NEWS JUL 22, 2024
“Greatest bubble” set to burst, says expert

CIO highlights indicators behind what he believes is a shift in the market.

By Jonalyn Cueto
Volatility likely for markets but the 'Trump Trade' remains for now
NEWS INDUSTRY NEWS JUL 22, 2024
Volatility likely for markets but the 'Trump Trade' remains for now

Volatility likely for markets but the ‘Trump Trade’ remains for now.

By Steve Randall
S&P 500 set for new energy during earnings season
NEWS INDUSTRY NEWS JUL 22, 2024
S&P 500 set for new energy during earnings season

Bloomberg Live Pulse survey shows increased confidence.

By Bloomberg
Tremors in the bond markets
NEWS INDUSTRY NEWS JUL 22, 2024
Tremors in the bond markets

With geopolitics throwing in curveballs, what’s ahead?

By Bloomberg
Asset managers' main AI benefit will not be investment performance, says Moody's
NEWS INDUSTRY NEWS JUL 22, 2024
Asset managers' main AI benefit will not be investment performance, says Moody's

But there are significant gains for firms that embrace the technology.

By Steve Randall
Banking system resilience efforts weakening warns FSB
NEWS INDUSTRY NEWS JUL 22, 2024
Banking system resilience efforts weakening warns FSB

Hedge funds and private credit firms' vulnerabilities not fully known.

By Bloomberg
Higher rates on cash could cost LPL $380 million: analyst
NEWS BROKER DEALERS JUL 19, 2024
Higher rates on cash could cost LPL $380 million: analyst

"This would effectively be a reset in earnings," the analyst wrote.

By Bruce Kelly
Why RMIs give clients peace of mind
NEWS INDUSTRY NEWS JUL 19, 2024
Why RMIs give clients peace of mind

When markets are getting crushed., nothing promotes peace of mind like a pile of cash in an account, according to Kevin Grimes, of Grimes & Company.

By Emily Douglas
Global computer outage impacts banks, airlines early Friday
NEWS INDUSTRY NEWS JUL 19, 2024
Global computer outage impacts banks, airlines early Friday

Cybersecurity program crash, Microsoft cloud issue stalled business.

By Bloomberg
Are we ignoring a US economic crisis that could emerge by 2030?
NEWS INDUSTRY NEWS JUL 19, 2024
Are we ignoring a US economic crisis that could emerge by 2030?

By Steve Randall