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Osaic picks up almost $500M as two teams switch to AmeriFlex
A dozen advisors have been recruited to the firm across multiple states.
Most millennials value life insurance, but cost and confusion are holding them back
The generation appears split on some key components of life insurance.
European stocks reflect weak data, recession fears
Global stocks struggled for direction with US markets closed Thursday.
Carbon trading markets set for boost at COP28
At the global climate conference in Dubai, envoys from more than 190 nations are set to discuss standards for credits.
Bitcoin bull Cathie Wood’s ARK cuts back holdings in top trust
Data shows a 700,000-share sale in Bitcoin Trust since Oct. 23.
Barclays could axe 2,000 jobs in $1.3B cost saving, says Reuters
Global banking group will share a new strategy with investors early in 2024.
Oil dips as OPEC+ delays meeting until Nov. 30
The meeting will be held online and is expected to result in a production cut.
National RIAs to merge to create $11.2B firm with plans to hire in 2024
For one of the partners, it’s the second merger in as many months.
Binance to pay $4.3B in settlement as firm, CEO plead guilty
Crypto exchange chief will also pay $50M as part of the agreement.
Sam Altman to return as CEO at OpenAI
The move comes just days after investors were blindsided by his removal.
Stocks mixed ahead of key economic data
Last day of trading before US markets pause for the holidays.
Japan’s value stocks to extend overperformance in 2024, says UBS
The relatively cheap stocks set to gain from rebounding economy.
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Wealth inequality is result of ‘pure randomness’: Study
But advisors say there’s more to the wealth gap than 'just luck.'
Citigroup lifer leaves head of wealth services role amid reorganization
The Wall Street firm is working on an overhaul of its wealth business structure.
Weaker greenback means EM currencies are rebounding
But profit-taking could spark near-term volatility.
Will employers pass the college planning test?
As federal student loan payments resume, parts of the SECURE 2.0 Act will soon make it easier to save for college or contribute to a 401(k).
Bitcoin ETF hype has Wall Street eyeing crypto potential
The SEC is expected to green-light spot-bitcoin ETFs in coming months, and that's seen as kicking open investing in digital currency among both institutional and retail investors.
Citi initiates restructuring with significant job cuts
Thousands could be affected as bank slashes positions.
Goldman Sachs Japan president in sudden departure
Hank Paulson-appointed regional boss abruptly out.
