Wealth Management Industry News
A collection of Wealth Management latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Wealth manager explains 'little-known alternative investments' that rich people do
Top investors spread across different areas These are the little-known alternative investments that wealthy people get involved in, an expert has revealed. Wealthy investors rarely rely exclusively on shares to grow their money. Many also hold…
Industrials Flat Ahead of Earnings -- Industrials Roundup
Shares of industrial and transportation companies were more or less flat as traders awaited earnings reports from General Electric and others. In one positive sign for the global economic outlook, German package-delivery firm DHL Group upgraded its…
Energy Up With Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures, which tested the psychologically significant $100-per-barrel level in New York. Oil rose by the largest weekly increment since July after Ukraine renewed attacks on Russian refineries, adding…
The stock market's record-high margin debt is keeping Wall Street pros up at night
It may not be long before the whole US stock market has a Situational Awareness moment. At least, that's the worst-case scenario being mulled by some analysts on Wall Street, who have increasingly turned their attention to one eye-popping statistic…
Utilities Up on Defensive Bias -- Utilities Roundup
Shares of power producers rose sharply as traders rotated into defensive areas. The drop in Treasury yields this week, one of the largest of the last 12 months, alleviated pressure on dividend-oriented utilities. Still, the SPDR Select Sector…
Consumer Cos Down on Energy Cost Concerns -- Consumer Roundup
Consumer companies declined amid fears that consumers will be further squeezed by energy costs. Diesel and gasoline prices had retreated from recent highs in the U.S., but a resurgence in oil futures Friday could foreshadow another spike in prices…
Materials Up as Dollar Falls -- Materials Roundup
Producers of metals, grains and other raw materials ticked up as traders rotated into Old Economy bets due to wobbles in the yearlong artificial-intelligence rally. Gold futures rose modestly, paring their losses for the week as the U.S. dollar…
Wall Street Banks Explore Tokenization as Blockchain Adoption Grows
Wall Street giants Goldman Sachs, Wells Fargo and Morgan Stanley are increasingly exploring blockchain tokenization, highlighting its potential to transform financial markets, cross-border payments and wealth management. During their third-quarter…
Klook Technology Limited Drops IPO Plans
Klook Technology Limited is dropping its plans for an initial public offering. The online travel company requested to withdraw its registration for an IPO, according to a Friday filing with the Securities and Exchange Commission. It had initially…
Communications Services Down on Retreat From Risk -- Communications Services Roundup
Communications-services companies slid as traders retreated from high-risk sectors. Shares of defensive cellphone carriers such as Verizon rose Friday, while risky media companies such as Netflix and Skydance lost ground. Write to Rob Curran at…
Health Care Down, But not by Much, Amid Defensive Bias -- Health Care Roundup
Health-care companies fell, but not by as much as the broad market, as traders rotated out of the technology sector into defensive areas. Shares of major health insurers such as UnitedHealth gave back some of their gains for the week but remained…
Stocks to Watch: BUUU Group, WidePoint
BUUU Group's board approved a 10-for-1 forward stock split. The stock rose 3.1% to $42.59 a share after Friday's closing bell. WidePoint Chief Financial Officer Robert George plans to resign after the company submits its quarterly financial…
Enova, Grasshopper Bancorp Terminate Merger Deal
Enova International and Grasshopper Bancorp have mutually terminated a planned merger, the companies said. Enova was slated to acquire Grasshopper in a cash-and-stock deal valued at about $369 million under the terms of the deal announced in…
Laser Photonics Names Nikitin Exec. Chair After CEO Resigns
Laser Photonics appointed its founder, Dmitri Nikitin, as executive chairman after Chief Executive Officer Wayne Tupuola resigned for medical reasons. Tupuola's resignation was effective Tuesday, the laser technology company said Friday. Nikitin…
Dead money' for a decade: Why this hedge fund approach may deliver an advantage over bonds
Investors may want to rethink their bond allocation and opt for managed futures exposure. DBi's Andrew Beer suggests the popular hedge fund strategy could deliver a modern twist to traditional 60/40 portfolios. '[Bonds have] been dead money for the…
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