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LATEST NEWS FROM WEALTH
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Loews' quarterly profit rises on strong performance in insurance business
Loews Corp reported a rise in third-quarter profit on Monday, as lower catastrophe losses benefited its insurance unit.
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What the latest Fed rate cut means for your money — even if the next one is not certain
The U.S. Federal Reserve cut its key interest-rate target by a quarter of a percentage point on Wednesday. But Fed Chair Jerome Powell cautioned that another move in 2025 is not gu...
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Japan's major life insurers plan to trim yen bond holdings in Oct-March
Japan's major life insurers plan to focus on swapping low-yield domestic bonds for higher-return issues in the second half of the fiscal year through March 2026, offering little ho...
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Flows into US ETFs cross $1 trillion at record pace, State Street Investment Management says
Investors are directing money into U.S.-based exchange-traded funds at a rapid clip, pushing inflows so far this year across the $1 trillion line, State Street Investment Managemen...
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Influx of retirement funds could push private markets to daily pricing - KKR's Mogelof
A rush of retail money into private markets will likely push money managers to calculate the value of their portfolios with unprecedented frequency, KKR's head of client services s...
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Asia draws $100 billion in capital as investors diversify beyond US, Goldman executive says
Asia excluding China has attracted about $100 billion in capital inflows over the past nine months as global investors diversify beyond the United States, Kevin Sneader, Goldman Sa...
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Investors look past AI hype to long-term opportunities from government spending
Some of the world's biggest investors are looking beyond a boom in artificial intelligence to longer-term spending by governments tackling geopolitical, technological and demograph...
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US stocks may surge another 20% before historic crash, says 'black swan' fund Universa
Market euphoria could carry U.S. stocks another 20% higher before giving way to a collapse on the scale of the 1929 crash that ushered in a global recession, according to tail-risk...
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Morgan Stanley CIO favors 60/20/20 portfolio strategy with gold as inflation hedge
A 60/20/20 portfolio strategy that includes 20% gold is a more resilient inflation hedge at a time when U.S. equities are offering historically low upside over Treasuries and inves...
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As job market weakens, Fed seen restarting rate cuts this month
Federal Reserve policymakers look set to kick off a series of interest-rate cuts this month to shore up an increasingly fragile job market, after a government report Friday showed ...
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From coins to miners: Trump family's crypto playbook
The trading debut of $WLFI, a token linked to a cryptocurrency venture affiliated with U.S. President Donald Trump's sons, has cast a spotlight on the family's growing footprint in...
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Hedge funds still cautious on U.S. stocks going into fragile September
Hedge funds remain hesitant about buying U.S. stocks at the outset of what is often a dour month for markets, even with a potential U.S. rate cut on the horizon, after becoming net...
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Powell, citing jobs risk, opens door to cuts but doesn't commit
U.S. Federal Reserve Chair Jerome Powell on Friday pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to cutting interest rates ...
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Palihapitiya returns to SPAC market with American Exceptionalism's IPO filing
Venture investor Chamath Palihapitiya, dubbed Wall Street's "SPAC king" for his high-profile blank-check deals, is set to take his latest special purpose acquisition vehicle public...
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Hedge funds snap up US stocks ahead of likely Fed rate cuts, says Goldman Sachs
Hedge funds bought U.S. stocks at the fastest pace in seven weeks during the week to August 15, in anticipation of a long awaited interest rate cut expected from the Federal Reserv...
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Hedge funds shift bets to double down on Big Tech amid AI boom
Wall Street's largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the second quarter amid a generati...
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Citadel executive O'Reilly who guided asset growth to retire, memo says
Citadel executive Ed O'Reilly, who helped the hedge fund's assets balloon to $67 billion through his role managing relationships with the firm's global investors, is retiring, acco...
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NY Fed flags rise in student loan borrowing troubles in second quarter
Total household debt levels rose during the second quarter as a growing number of student loan borrowers and some newer home borrowers faced rising credit challenges.
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