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Wristy business? Luxury watches turn back time
NEWS INDUSTRY NEWS MAR 12, 2024
Wristy business? Luxury watches turn back time

Report reveals demand for rare timepieces has weakened.

Biden's budget proposal would hike taxes on investors, businesses
NEWS REGULATION AND LEGISLATION MAR 11, 2024
Biden's budget proposal would hike taxes on investors, businesses

The president wants to raise the capital gains tax rate to a base of 39.6 percent, up from 20 percent, and establish a minimum tax rate of 25 percent on households worth at least $100 million.

US futures retreat ahead of data-heavy week
NEWS INDUSTRY NEWS MAR 11, 2024
US futures retreat ahead of data-heavy week

Investors are awaiting US CPI stats Tuesday among other releases.

Bitcoin sets new record at $71,000
INVESTING ALTERNATIVES MAR 11, 2024
Bitcoin sets new record at $71,000

ETFs continue to drive demand for the cryptocurrency.

Bond investors want more EU debt amid Russia tensions
INVESTING FIXED INCOME MAR 11, 2024
Bond investors want more EU debt amid Russia tensions

Higher defense spending is on the agenda to boost AAA-rated bonds.

Fidelity to cut about 700 jobs
NEWS INDUSTRY NEWS MAR 08, 2024
Fidelity to cut about 700 jobs

The move affects less than 1% of the workforce, according to a Fidelity spokesperson.

BlackRock buying SpiderRock to expand customized investing strategies
NEWS INDUSTRY NEWS MAR 08, 2024
BlackRock buying SpiderRock to expand customized investing strategies

The deal will increase BlackRock's ability to offer tax-efficient investment services, especially those relying on options trading, the company said.

UBS shares surge on Morgan Stanley upgrade
NEWS WIREHOUSES MAR 08, 2024
UBS shares surge on Morgan Stanley upgrade

The wirehouse's stock hit its highest level since 2008 after an analyst upgraded it to overweight, predicting a revival in deal-making.

US jobs report likely to mask cooling
NEWS INDUSTRY NEWS MAR 08, 2024
US jobs report likely to mask cooling

Bureau of Labor Statistics data expected to show concentration in limited sectors.

BofA data shows record weekly outflows for tech stocks
INVESTING EQUITIES MAR 08, 2024
BofA data shows record weekly outflows for tech stocks

Investors pulled $4.4 billion from the sector through March 6.