Industry News

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Citi strategists say US stock rally likely ending
NEWS INDUSTRY NEWS NOV 28, 2023
Citi strategists say US stock rally likely ending

Bullish signals for futures are fading but there could still be some gains ahead.

Sale for $22B alternative asset manager Castlelake?
NEWS INDUSTRY NEWS NOV 28, 2023
Sale for $22B alternative asset manager Castlelake?

Minneapolis-based firm reported to be considering options.

BlackRock plan would free up to $4T in climate change funding
NEWS INDUSTRY NEWS NOV 28, 2023
BlackRock plan would free up to $4T in climate change funding

As COP28 gets underway, reform of multilateral development banks is proposed.

Q3 advisor moves down 18.9% from year before
NEWS BROKER DEALERS NOV 27, 2023
Q3 advisor moves down 18.9% from year before

The recruiting data show advisors' preference for operating under independent models.

Pension funds have lost market share among 100 largest asset owners with $23T AUM
NEWS RETIREMENT PLANNING NOV 27, 2023
Pension funds have lost market share among 100 largest asset owners with $23T AUM

Report reveals the owner groups that are jostling for pole position globally.

Oil market may be oversupplied, OPEC+ meeting in focus
NEWS INDUSTRY NEWS NOV 27, 2023
Oil market may be oversupplied, OPEC+ meeting in focus

Oil prices are under pressure ahead of a key production cut decision.

ESG investors concerned about 'AI blowback'
NEWS INDUSTRY NEWS NOV 27, 2023
ESG investors concerned about 'AI blowback'

Fund managers are worried about risks in the big tech sector.

Four potential pitfalls for growing EMs
NEWS INDUSTRY NEWS NOV 27, 2023
Four potential pitfalls for growing EMs

Despite current upward trajectory, there are some headwinds for emerging markets.

Osaic picks up almost $500M as two teams switch to AmeriFlex
NEWS ADVISOR MOVES NOV 24, 2023
Osaic picks up almost $500M as two teams switch to AmeriFlex

A dozen advisors have been recruited to the firm across multiple states.

Most millennials value life insurance, but cost and confusion are holding them back
NEWS LIFE INSURANCE AND ANNUITIES NOV 24, 2023
Most millennials value life insurance, but cost and confusion are holding them back

The generation appears split on some key components of life insurance.

European stocks reflect weak data, recession fears
NEWS INDUSTRY NEWS NOV 24, 2023
European stocks reflect weak data, recession fears

Global stocks struggled for direction with US markets closed Thursday.

Carbon trading markets set for boost at COP28
NEWS ESG NOV 24, 2023
Carbon trading markets set for boost at COP28

At the global climate conference in Dubai, envoys from more than 190 nations are set to discuss standards for credits.

Bitcoin bull Cathie Wood’s ARK cuts back holdings in top trust
NEWS INDUSTRY NEWS NOV 24, 2023
Bitcoin bull Cathie Wood’s ARK cuts back holdings in top trust

Data shows a 700,000-share sale in Bitcoin Trust since Oct. 23.

Barclays could axe 2,000 jobs in $1.3B cost saving, says Reuters
NEWS INDUSTRY NEWS NOV 24, 2023
Barclays could axe 2,000 jobs in $1.3B cost saving, says Reuters

Global banking group will share a new strategy with investors early in 2024.

Oil dips as OPEC+ delays meeting until Nov. 30
NEWS INDUSTRY NEWS NOV 24, 2023
Oil dips as OPEC+ delays meeting until Nov. 30

The meeting will be held online and is expected to result in a production cut.

National RIAs to merge to create $11.2B firm with plans to hire in 2024
NEWS RIAS NOV 22, 2023
National RIAs to merge to create $11.2B firm with plans to hire in 2024

For one of the partners, it’s the second merger in as many months.

Binance to pay $4.3B in settlement as firm, CEO plead guilty
NEWS INDUSTRY NEWS NOV 22, 2023
Binance to pay $4.3B in settlement as firm, CEO plead guilty

Crypto exchange chief will also pay $50M as part of the agreement.

Sam Altman to return as CEO at OpenAI
NEWS INDUSTRY NEWS NOV 22, 2023
Sam Altman to return as CEO at OpenAI

The move comes just days after investors were blindsided by his removal.

Stocks mixed ahead of key economic data
NEWS INDUSTRY NEWS NOV 22, 2023
Stocks mixed ahead of key economic data

Last day of trading before US markets pause for the holidays.

Japan's value stocks to extend overperformance in 2024, says UBS
NEWS INDUSTRY NEWS NOV 22, 2023
Japan's value stocks to extend overperformance in 2024, says UBS

The relatively cheap stocks set to gain from rebounding economy.