Industry News

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BlackRock acquisition founder makes staff millionaires
RIAS INDUSTRY NEWS JUL 08, 2024
BlackRock acquisition founder makes staff millionaires

Deal makes Preqin chief wealthier than Larry Fink.

By Steve Randall
ESG remains divisive, many advisors just don't think it's sustainable
RIAS INDUSTRY NEWS JUL 08, 2024
ESG remains divisive, many advisors just don't think it's sustainable

But it looks like remaining a growth area for investing.

By Steve Randall
Bumper earnings season is key to continued stock rally
RIAS INDUSTRY NEWS JUL 08, 2024
Bumper earnings season is key to continued stock rally

Wall Street strategists optimistic on Corporate America's ability to deliver.

By Bloomberg
Steeper bond curve expected, CPI to further help bonds
RIAS INDUSTRY NEWS JUL 08, 2024
Steeper bond curve expected, CPI to further help bonds

Bet favored by Citi, JPMorgan is looking good.

By Bloomberg
Gold slips as China keeps buying on hold for second month
RIAS INDUSTRY NEWS JUL 08, 2024
Gold slips as China keeps buying on hold for second month

Further easing could be ahead as traders digest data.

By Bloomberg
Paramount to merge with Skydance Media in complex deal
RIAS INDUSTRY NEWS JUL 08, 2024
Paramount to merge with Skydance Media in complex deal

CBS, MTV owner to get fresh capital injection.

By Bloomberg
Friendly tax climates give top NHL teams a recruiting edge
RIAS INDUSTRY NEWS JUL 05, 2024
Friendly tax climates give top NHL teams a recruiting edge

For many past champions, the absence of a state income tax is a valuable bargaining chip when it comes to luring free agents.

By Leo Almazora
Rare downgrade for Nvidia as analyst airs valuation concerns
RIAS INDUSTRY NEWS JUL 05, 2024
Rare downgrade for Nvidia as analyst airs valuation concerns

After the breathless rally since last year, the stock has no room left to run, he argues.

By Bloomberg
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes
RIAS INDUSTRY NEWS JUL 05, 2024
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes

Jobs report shows greater-than-expected cooldown in labor market during the second quarter.

By Bloomberg
What RIAs need to think about before partnering up
RIAS INDUSTRY NEWS JUL 05, 2024
What RIAs need to think about before partnering up

"You're literally marrying another entity that you may not have married from the beginning," says CEO of Procyon Partners.

By Gregg Greenberg
Wealth management on the brink of an "exciting" era
RIAS INDUSTRY NEWS JUL 05, 2024
Wealth management on the brink of an "exciting" era

CEO of LVW Advisors unpacks how the upcoming wealth transfer among women and fintech will play a huge role in the industry's future.

By Josh Welsh
Schroders Capital pilots tokenized insurance-linked securities investments
RIAS INDUSTRY NEWS JUL 05, 2024
Schroders Capital pilots tokenized insurance-linked securities investments

Private markets business teamed up with a global reinsurer for the proof of concept.

By Steve Randall
IRS warns tax professionals to be on guard over identity theft
RIAS INDUSTRY NEWS JUL 05, 2024
IRS warns tax professionals to be on guard over identity theft

The agency says threats are evolving and require action.

By Steve Randall
Global equities reach record high ahead of US jobs data
RIAS INDUSTRY NEWS JUL 05, 2024
Global equities reach record high ahead of US jobs data

Stats are expected to show an easing labor market.

By Bloomberg
Bitcoin at lowest since February, despite gains for stocks
RIAS INDUSTRY NEWS JUL 05, 2024
Bitcoin at lowest since February, despite gains for stocks

Cryptocurrency declines for fourth consecutive day.

By Bloomberg
Gold heads for weekly gain as traders eye Fed cuts
RIAS INDUSTRY NEWS JUL 05, 2024
Gold heads for weekly gain as traders eye Fed cuts

Expectation is rising that interest rate reduction is ahead.

By Bloomberg
Election result puts UK assets back in favor
RIAS INDUSTRY NEWS JUL 05, 2024
Election result puts UK assets back in favor

By Bloomberg
Fed officials see price pressures easing, but still cautious on rate cuts
RIAS INDUSTRY NEWS JUL 03, 2024
Fed officials see price pressures easing, but still cautious on rate cuts

Minutes from June policy meeting reveal central bank officials’ concerns around persistent inflation and slowing economic growth.

By Leo Almazora
BlackRock's Preqin deal prompts lower outlook at Moody's
INVESTING ALTERNATIVES JUL 03, 2024
BlackRock's Preqin deal prompts lower outlook at Moody's

The ratings company is voicing concerns over the asset management giant's increased debt and leverage ratios.

By Bloomberg
Blackstone REIT keeps up with demand to buy back shares
INVESTING ALTERNATIVES JUL 03, 2024
Blackstone REIT keeps up with demand to buy back shares

May was a particularly tough month for nontraded REITs.

By Bruce Kelly