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Gold continues to shine as a hedge against uncertainty
NEWS INDUSTRY NEWS AUG 23, 2023
Gold continues to shine as a hedge against uncertainty

Fund managers are holding or increasing allocations despite recent price decreases.

Funds ditch $11B of China's blue-chip stocks in 13 days
INVESTING EQUITIES AUG 23, 2023
Funds ditch $11B of China's blue-chip stocks in 13 days

Fears of economic contagion from housing market are driving investors out of the mainland market.

Why are big asset managers buying Japanese hotels?
NEWS INDUSTRY NEWS AUG 23, 2023
Why are big asset managers buying Japanese hotels?

Goldman Sachs, KKR, and Blackstone are among the firms loading up on the assets.

Schwab to issue debt after news of job cuts
INVESTING FIXED INCOME AUG 22, 2023
Schwab to issue debt after news of job cuts

The longest-dated portion of the firm's senior unsecured notes, an 11-year fixed-to-floating-rate note, may yield about 2.05 percentage points over Treasuries.

Citigroup's Fraser weighs executive reshuffle after Ybarra exit
NEWS INDUSTRY NEWS AUG 22, 2023
Citigroup's Fraser weighs executive reshuffle after Ybarra exit

CEO Jane Fraser targets 'flatter and leaner' organization.

Nasdaq futures suggest enduring tech rally
NEWS INDUSTRY NEWS AUG 22, 2023
Nasdaq futures suggest enduring tech rally

Treasuries also steadied in early trade Tuesday.

S&P cuts ratings for multiple US banks
NEWS INDUSTRY NEWS AUG 22, 2023
S&P cuts ratings for multiple US banks

Ratings downgrade follows action from Moody's two weeks ago.

'Mad Money' ETF to close after attracting just $1.3M
INVESTING ETFS AUG 22, 2023
'Mad Money' ETF to close after attracting just $1.3M

The fund aimed to track the stocks picked by CNBC's Jim Cramer.

Schwab to cut staff and close offices to save $500M a year
YOUR PRACTICE PRACTICE MANAGEMENT AUG 21, 2023
Schwab to cut staff and close offices to save $500M a year

The downsizing will cost Schwab $400 million to $500 million, it says in a regulatory filing.

Which Wall Street firm could be about to break up high-profit unit?
NEWS INDUSTRY NEWS AUG 21, 2023
Which Wall Street firm could be about to break up high-profit unit?

Major firm reportedly considering restructuring one of its key operations.