Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO Raises $2B for Asset-Based Private Lending Strategy
By Laura Benitez & Silla BrushThe firm has been building out its alternatives business in recent years as it expands beyond its bond roots.
October 30, 2024
SEC Hit These 6 Firms With Reg BI Fines in 2024The SEC cracked down this year after industry complaints that FINRA was taking the lead.
October 30, 2024
8 Ivy League Colleges' Endowment Returns, Ranked: 2024The elite schools' average 8.3% return on investments was a significant improvement over last year's average 2.3% gain.
October 30, 2024
America's 15 Youngest Billionaires: Forbes, 2024Only 26 billionaires on this year's list, with membership taking a record $3.3 billion, are younger than 50.
October 30, 2024
BlackRock in Advanced Talks to Buy Private-Credit Firm HPSThe deal would leave BlackRock, which managed $11.5 trillion as of Sept. 30, with more than $500 billion in alternative assets.
October 30, 2024
Fidelity Sued Over Money Market Fund Fees"Retail class" shareholders who meet requirements for premium shares are being overcharged needlessly, the suit contends.
October 30, 2024
7 Threats That Haunt Gen X Retirement SaversThey are less afraid of some concerns than the general population, but one really, really scares them.
October 30, 2024
Fixed Income Investors Should 'Brace for More Downside Volatility': Neuberger BermanBonds have sold off over the past month, pushing the U.S. 10-year yield above 4% for the first time since early August.