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Global funds pull back from Chinese stocks
NEWS INDUSTRY NEWS JUN 28, 2024
Global funds pull back from Chinese stocks

China's slowing economy and earnings are in focus.

Boston hedge fund cuts 19% of investing team
NEWS INDUSTRY NEWS JUN 28, 2024
Boston hedge fund cuts 19% of investing team

Firm is tightening its investment strategy.

Nvidia CEO Huang's multibillion-dollar charitable windfall puts philanthropic strategy in focus
RETIREMENT TAX JUN 27, 2024
Nvidia CEO Huang's multibillion-dollar charitable windfall puts philanthropic strategy in focus

The AI superstock's blistering rally has inflated his private foundation's assets, making it harder to clear a key legal threshold.

Supreme Court dampens SEC's use of in-house courts
NEWS REGULATION AND LEGISLATION JUN 27, 2024
Supreme Court dampens SEC's use of in-house courts

The conservative majority decision nullifying a nearly $1M penalty could hamper the regulator's power to extract high-dollar settlements.

UBS launches new wealth unit, leadership changes
NEWS INDUSTRY NEWS JUN 27, 2024
UBS launches new wealth unit, leadership changes

Firm is reorganizing its global wealth management operations.

Jeffries 'well beyond green shoots' as earnings jump
NEWS INDUSTRY NEWS JUN 27, 2024
Jeffries 'well beyond green shoots' as earnings jump

Investment banking revenue up 59% in second quarter.

Record haul for $54B long-duration ETF amid rate cut bets
NEWS INDUSTRY NEWS JUN 27, 2024
Record haul for $54B long-duration ETF amid rate cut bets

Fund attracted $2.7 billion in one day Monday.

Making ends meet a worry even for America's high earners
NEWS INDUSTRY NEWS JUN 26, 2024
Making ends meet a worry even for America's high earners

Fed survey finds three-tenths of high-income consumers are concerned about their finances in the next six months.

Wall Street banks pick up buyback pace ahead of key Fed tests
NEWS REGULATION AND LEGISLATION JUN 26, 2024
Wall Street banks pick up buyback pace ahead of key Fed tests

The six largest lenders bought back more than $14B in shares in the first quarter as regulators hint at "lite" version of new rules.

A port strike is the last thing the US economy needs
NEWS INDUSTRY NEWS JUN 26, 2024
A port strike is the last thing the US economy needs

Supply chain issues are already a risk, industries want to avoid more.