Bloomberg

Bloomberg
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Ivan Boesky, central figure in 1980s insider trading scandal, dies at 87
NEWS INDUSTRY NEWS MAY 20, 2024
Ivan Boesky, central figure in 1980s insider trading scandal, dies at 87

Exposed and convicted after an SEC investigation, the real-life Gordon Gekko and poster child for Wall Street excess leaves behind a checkered legacy.

JPMorgan unveils AI training push for new hires
NEWS INDUSTRY NEWS MAY 20, 2024
JPMorgan unveils AI training push for new hires

The transformational technology has permeated the firm and helped cut “no joy work,” says asset and wealth management head.

Stocks waiver, metals gain as markets digest Middle East news
NEWS INDUSTRY NEWS MAY 20, 2024
Stocks waiver, metals gain as markets digest Middle East news

Iran's president has died in a helicopter crash.

Morgan Stanley's prominent bear turns bullish on US stocks
NEWS INDUSTRY NEWS MAY 20, 2024
Morgan Stanley's prominent bear turns bullish on US stocks

Michael Wilson's gloomy 2023 outlook has not materialized.

EM corporate bonds compensation at six-year low
NEWS INDUSTRY NEWS MAY 20, 2024
EM corporate bonds compensation at six-year low

But investors remain committed to the strategy with optimism.

Copper at $11K record high, why is the metal surging?
NEWS INDUSTRY NEWS MAY 20, 2024
Copper at $11K record high, why is the metal surging?

A long-term warning of shortages may now be realised.

Tragedy at BofA as 25-year-old trader dies at industry event
NEWS INDUSTRY NEWS MAY 17, 2024
Tragedy at BofA as 25-year-old trader dies at industry event

The sudden fatality is the second young employee death at the banking giant in recent weeks, raising questions around culture of long, demanding hours.

BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation
NEWS INDUSTRY NEWS MAY 17, 2024
BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation

Federal Reserve’s hawkish policy on interest rates could be fueling the fire as well-heeled investors reap the benefits.

Nippon's $3.8B stake in Corebridge could be just the start
NEWS INDUSTRY NEWS MAY 17, 2024
Nippon's $3.8B stake in Corebridge could be just the start

Japanese life insurer says it wants more US asset manager, insurer.

Going for gold? Silver is shining brighter
NEWS INDUSTRY NEWS MAY 17, 2024
Going for gold? Silver is shining brighter

Investors are considering the '2nd place' metal as a good bet.