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Stocks see third-largest outflow ever
NEWS INDUSTRY NEWS SEP 25, 2020
Stocks see third-largest outflow ever

Stock funds bled $25.8 billion in the week through Sept. 23, according to the most recent data

Fed president Bullard says US delivered enough fiscal aid
NEWS INDUSTRY NEWS SEP 22, 2020
Fed president Bullard says US delivered enough fiscal aid

The view clashes with Fed Chair Jerome Powell, who has urged additional support — sometimes in dire terms

Goldman Sachs names new heads of global M&A
YOUR PRACTICE PRACTICE MANAGEMENT SEP 21, 2020
Goldman Sachs names new heads of global M&A

Although deal activity has crept up since July, volumes are down almost 40% globally so far this year

Even Fidelity's star manager frets about Robinhood
INVESTING MUTUAL FUNDS SEP 18, 2020
Even Fidelity's star manager frets about Robinhood

Will Danoff, who manages $230 billion for the fund giant, notes that mutual funds have become less popular with investors

Fed signals rates to remain near zero for at least three years
NEWS REGULATION AND LEGISLATION SEP 16, 2020
Fed signals rates to remain near zero for at least three years

The central bank said again that it will continue buying Treasuries and mortgage-backed securities 'at least at the current pace'

JPMorgan says $200 billion could exit stocks this quarter
INVESTING EQUITIES SEP 16, 2020
JPMorgan says $200 billion could exit stocks this quarter

Sovereign wealth funds and pension funds are likely to rebalance their portfolios after the equity market's big run-up

Apollo joins other private equity players in impact investing arena
INVESTING ALTERNATIVES SEP 15, 2020
Apollo joins other private equity players in impact investing arena

Leaders say new platform will incorporate Apollo's secret sauce and will target later stage companies

JPMorgan sees productivity decline for staff working from home
YOUR PRACTICE PRACTICE MANAGEMENT SEP 15, 2020
JPMorgan sees productivity decline for staff working from home

Employees' output was particularly affected on Mondays and Fridays, CEO Jamie Dimon told analysts in a private meeting

Steve Cohen strikes deal to buy New York Mets
INVESTING ALTERNATIVES SEP 15, 2020
Steve Cohen strikes deal to buy New York Mets

The billionaire hedge fund manager rooted for the team while growing up on Long Island

Biden tax plans mean bigger bills for millionaires
RETIREMENT TAX SEP 14, 2020
Biden tax plans mean bigger bills for millionaires

The Democratic presidential candidate's proposals would have little effect on the taxes paid by those earning less than $400,000 a year