Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Stocks Sink as Economic Jitters Fuel Rush to Bonds
By Rita NazarethThe S&P 500 dropped 2%. The Nasdaq 100 sank 3%. The Russell 2000 of small caps tumbled 3.5%.
July 31, 2024
Stocks Rally as Powell Fuels Bets on September CutThe S&P 500 climbed 2%. Treasury 10-year yields declined four basis points to 4.1%. The dollar fell.
July 31, 2024
Fed Holds Rates Steady, Signals First Cut Is NearerThe Federal Open Market Committee voted unanimously to keep the federal funds rate between 5.25% and 5.5%.
July 31, 2024
BlackRock Leads Big Firms Racing to Put Private Assets Into ETFsThere are many hurdles to overcome before real estate and pre-public companies can be used in an ETF wrapper.
July 30, 2024
Ameriprise and Wells Fargo Sued Over Low Interest on Client CashThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.
July 30, 2024
Tech Stocks Sink as War Jitters Fuel Rush to BondsMost shares in the S&P rose, but renewed tech weakness weighed on the gauge, with Nvidia tumbling 5%.
July 30, 2024
Third of Americans Report Lack of Financial Well-BeingRetirement-related worries are a top source of stress, a Guardian Life survey found.
July 26, 2024
LPL Profits Drop in Q2; Stock WeakensAdvisory and brokerage assets rose 21% from a year ago, the independent broker-dealer reported.