Industry News

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Crypto convict: Bankman-Fried will spend decades in jail
NEWS INDUSTRY NEWS NOV 03, 2023
Crypto convict: Bankman-Fried will spend decades in jail

FTX founder committed "one of the biggest financial frauds in American history" and justice was swift.

US jobs data in focus, markets optimistic
NEWS INDUSTRY NEWS NOV 03, 2023
US jobs data in focus, markets optimistic

It's hoped the stats will give weight to a looser rates policy from the Fed.

BofA strategist sees year-end equities rally, risk of recession
NEWS INDUSTRY NEWS NOV 03, 2023
BofA strategist sees year-end equities rally, risk of recession

Wall Street bear Michael Hartnett says technical barriers should not block S&P 500 rally.

What next for crypto as FTX founder is jailed?
NEWS INDUSTRY NEWS NOV 03, 2023
What next for crypto as FTX founder is jailed?

Has the fraud eroded trust in digital assets or can the industry rebound?

Capital Group says now is the time to buy global stocks
NEWS INDUSTRY NEWS NOV 03, 2023
Capital Group says now is the time to buy global stocks

Fed pause creates a window of opportunity for investors, says $2.3T manager.

Jordan Belfort is back on Wall Street and talking with InvestmentNews
NEWS INDUSTRY NEWS NOV 02, 2023
Jordan Belfort is back on Wall Street and talking with InvestmentNews

The former financial fraudster made famous by Leonardo DiCaprio is now promoting index funds and leading the charge against the 'Wall Street fee machine.'

Equities gain as Fed signals potential end to rate hiking
NEWS INDUSTRY NEWS NOV 02, 2023
Equities gain as Fed signals potential end to rate hiking

World markets have reacted to Fed chair Jerome Powell's comments.

Gen Z is running out of cash, and that's bad for the economy
NEWS INDUSTRY NEWS NOV 02, 2023
Gen Z is running out of cash, and that's bad for the economy

Poll reveals fewer Americans can cover a $400 emergency expense.

Ultra-rich investors are pulling back from $1M+ artworks
NEWS INDUSTRY NEWS NOV 02, 2023
Ultra-rich investors are pulling back from $1M+ artworks

The high-end art market is thinning out according to UBS.

Vanguard will shutter China office next year, but it could return
NEWS INDUSTRY NEWS NOV 02, 2023
Vanguard will shutter China office next year, but it could return

The firm says it will monitor the market for further opportunities.

World's largest pension fund drops $4.5B in third quarter
NEWS INDUSTRY NEWS NOV 02, 2023
World's largest pension fund drops $4.5B in third quarter

GPIF posted the huge loss due to decline for domestic bonds.

Schwab cuts more than 2,000 jobs amid TD integration
NEWS INDUSTRY NEWS NOV 01, 2023
Schwab cuts more than 2,000 jobs amid TD integration

The firm is trying to curb costs as it continues to integrate TD Ameritrade.

Alexandra Lebenthal joins Rockefeller
NEWS WOMEN ADVISOR COMMUNITY NOV 01, 2023
Alexandra Lebenthal joins Rockefeller

Third-generation Wall Streeter will continue focus on women-led businesses.

Fed signals concern about rise in Treasury yields
NEWS INDUSTRY NEWS NOV 01, 2023
Fed signals concern about rise in Treasury yields

Some officials have said the recent surge in long-term Treasury yields may reduce the need for further rate increases.

Fed decision day: 'Hawkish' hold expected, Treasuries gain
NEWS INDUSTRY NEWS NOV 01, 2023
Fed decision day: 'Hawkish' hold expected, Treasuries gain

US stock futures down ahead of FOMC announcement Wednesday.

Macro hedge funds rebound from disastrous first-half
NEWS INDUSTRY NEWS NOV 01, 2023
Macro hedge funds rebound from disastrous first-half

Macro trades are proving successful for fund managers.

'Francs' and beans: The G-10 currency set to sizzle
NEWS INDUSTRY NEWS NOV 01, 2023
'Francs' and beans: The G-10 currency set to sizzle

Swiss currency to outperform peers, says JPMorgan FX chief.

State Street shakes up leadership as senior exec announces retirement
NEWS INDUSTRY NEWS OCT 31, 2023
State Street shakes up leadership as senior exec announces retirement

Changes will have a particular impact on the firm’s investment services business.

Central banks are buying up more gold than we thought
NEWS INDUSTRY NEWS OCT 31, 2023
Central banks are buying up more gold than we thought

New data shows 800 tons were acquired in the first nine months of 2023.

Are white-knuckle traders a dying breed in macro funds?
NEWS EQUITIES OCT 31, 2023
Are white-knuckle traders a dying breed in macro funds?