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Western Asset clients yank $4.9B after co-CIO's sudden leave
INVESTING MUTUAL FUNDS SEP 06, 2024
Western Asset clients yank $4.9B after co-CIO's sudden leave

The SEC and justice department are probing whether the firm, a subsidiary of Franklin Templeton, cherry-picked trades to favor certain clients.

US yields retreat as jobs spark hopes for jumbo Fed cut
INVESTING FIXED INCOME SEP 06, 2024
US yields retreat as jobs spark hopes for jumbo Fed cut

Softer-than-expected jobs report opens the door to a 50-basis-point adjustment, but the jury is still out on the cautious central bank's next move.

Trump Media's 69 percent stock drop erases billions before lockup lapses
INVESTING EQUITIES SEP 05, 2024
Trump Media's 69 percent stock drop erases billions before lockup lapses

The downward spiral in Donald Trump's media empire slashes his paper gains by more than $3.7B, just days before he gets the all-clear to cash out.

BNY snaps up managed accounts provider Archer
YOUR PRACTICE FINTECH SEP 05, 2024
BNY snaps up managed accounts provider Archer

The deal for the wealth tech platform will boost the firm's efforts to push its strategies more broadly among retail wealth advisors and their clients.

Trump tax cut costs could outstrip all federal agencies combined
RETIREMENT TAX SEP 05, 2024
Trump tax cut costs could outstrip all federal agencies combined

The assortment of tax proposals from the Republican presidential nominee would add up to as much as $10.5T, according to preliminary estimates.

SEC's battle for hedge fund fee transparency dies in Supreme Court
INVESTING ALTERNATIVES SEP 04, 2024
SEC's battle for hedge fund fee transparency dies in Supreme Court

The federal securities regulator earns praise from industry groups as its legal battle for private fund disclosure requirements comes to an end.

The ultra-rich will control $9.5T by 2030, says Deloitte
NEWS INDUSTRY NEWS SEP 04, 2024
The ultra-rich will control $9.5T by 2030, says Deloitte

The consultancy's bullish forecast, driven by an acceleration in family offices, predicts a 73 percent jump in UHNW wealth in the coming years.

S&P 500 slides most since August meltdown
INVESTING EQUITIES SEP 03, 2024
S&P 500 slides most since August meltdown

Stocks take a hit as Nvidia disappointment continues and investors watch for upcoming clues on the Fed's next move.

Blockbuster summer fuels $609B haul for ETFs
INVESTING ALTERNATIVES SEP 03, 2024
Blockbuster summer fuels $609B haul for ETFs

US-listed ETFs raked in $75B, five times over the same period in 2023, amid an investor frenzy that cut across styles and asset classes.

Treasuries poised for longest winning streak in three years
NEWS INDUSTRY NEWS AUG 30, 2024
Treasuries poised for longest winning streak in three years

Traders are focusing on Fed rate cuts rather than data releases.