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Returns in $9.7T green stocks second only to tech, says LSEG
INDUSTRY NEWS JUL 09, 2024
Returns in $9.7T green stocks second only to tech, says LSEG

10-year analysis shows sector generated 198% total returns.

By Bloomberg
Bitcoin ETFs gain $438M as investors buy the dip
INDUSTRY NEWS JUL 09, 2024
Bitcoin ETFs gain $438M as investors buy the dip

Net inflows have surged as lower crypto price entices buyers.

By Bloomberg
Archegos founder says case against him 'makes no sense'
INDUSTRY NEWS JUL 09, 2024
Archegos founder says case against him 'makes no sense'

Bill Hwang's lawyer makes last-chance argument in jury trial.

By Bloomberg
Hedge funds more bearish on gasoline prices
INDUSTRY NEWS JUL 09, 2024
Hedge funds more bearish on gasoline prices

Money managers react to lackluster start to summer driving season.

By Bloomberg
Morgan Stanley's Wilson sees 'highly likely' chance of 10% pre-election correction
INDUSTRY NEWS JUL 08, 2024
Morgan Stanley's Wilson sees 'highly likely' chance of 10% pre-election correction

Uncertainty around Federal Reserve cuts, corporate earnings, and US elections are adding to the odds of a choppy third quarter.

By Bloomberg
Rockefeller snaps up another ex-First Republic team from JPMorgan
RIAS JUL 08, 2024
Rockefeller snaps up another ex-First Republic team from JPMorgan

The firm’s family office division has expanded its presence in the East Coast as it welcomes a veteran ultra-high-net-worth advisor in Boston.

By Leo Almazora
Analyst cuts Raymond James' rating over "emerging risks"
BROKER DEALERS JUL 08, 2024
Analyst cuts Raymond James' rating over "emerging risks"

'A huge pull is the massive amount of money that private equity firms are offering the owners of these OSJs,' says one industry executive.

By Bruce Kelly
Family offices plugged into tech investing, says Pepper International CEO
INDUSTRY NEWS JUL 08, 2024
Family offices plugged into tech investing, says Pepper International CEO

Family office advisor Carol Pepper shines a spotlight on how today's 'Rockefellers' are protecting and growing their family fortunes.

By Gregg Greenberg
Ex-Cboe CEO Ed Tilly joins $2B fintech Clear Street
FINTECH JUL 08, 2024
Ex-Cboe CEO Ed Tilly joins $2B fintech Clear Street

The upstart provider of custody and clearing services' new president is the latest in a string of high-profile appointments.

By Bloomberg
Salim Ramji begins CEO role at Vanguard
INDUSTRY NEWS JUL 08, 2024
Salim Ramji begins CEO role at Vanguard

The former BlackRock ETFs leader vowed the firm would preserve Jack Bogle’s original vision while evolving in step with its customers’ needs.

By Leo Almazora
Why affluent individuals are investing in global citizenship
INDUSTRY NEWS JUL 08, 2024
Why affluent individuals are investing in global citizenship

More high-net-worth individuals in the US are engaging in "jurisdictional arbitrage," says Apex Capital Partners founder Nuri Katz.

By Emily Douglas
BlackRock acquisition founder makes staff millionaires
INDUSTRY NEWS JUL 08, 2024
BlackRock acquisition founder makes staff millionaires

Deal makes Preqin chief wealthier than Larry Fink.

By Steve Randall
Bumper earnings season is key to continued stock rally
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
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
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
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
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
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
RBC dinged over excess mutual fund charges
REGULATION AND LEGISLATION JUL 05, 2024
RBC dinged over excess mutual fund charges

A blind spot in the firm’s oversight system resulted in almost $265k in unnecessary charges and fees across 1,450 accounts, according to Finra.

By Leo Almazora
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes
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