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.
Alphabet Inc. $GOOGL Shares Purchased by BAM Wealth Management LLC
BAM Wealth Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 45.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,219 shares of the information…
Aegis Wealth Management LLC Takes $2.43 Million Position in Apple Inc. $AAPL
Aegis Wealth Management LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 8,402 shares of the iPhone maker's stock, valued at…
Preparing for prediction markets regulations is a safe bet
Prediction market contracts initially gained popularity as a way for people to engage in sports betting, but have evolved to mimic financial derivative products with little institutional oversight. As more platforms become available and contracts…
Twist Biosciences Shares Rise on Deal With Eli Lilly's TuneLab
Twist Bioscience shares advanced after the company said it signed a deal with Eli Lilly's drug discovery platform Lilly TuneLab. The stock was up 5% to $144.90 Wednesday. Shares have more than quadrupled over the past year. TuneLab offers access to…
Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use
Hong Kong will expand the use of the yuan in areas including gold trading and cross-border payments, as policy blueprints call for the city's biggest push yet to internationalise the Chinese currency. Chief Executive John Lee Ka-chiu on Wednesday…
Nymex Overview: Oil Falls Sharply After Previous Day's Rally -- OPIS
Crude oil contracts fell more than $3 around midday Wednesday, largely giving back the previous day's significant gain, driven by wider threats on Middle East shipping routes and energy infrastructure. At 12:10 p.m. ET, more-active November Nymex…
Continental Resources Signs MOU to Operate, Develop Venezuela's Ayacucho 2 Block
Continental Resources said it has signed a memorandum of understanding with Petróleos de Venezuela to operate and develop the Ayacucho 2 Block within the Venezuelan Orinoco Oil Belt. The company said it and PdVSA would advance a long-term…
Ethos Technologies Uncompromised by Partner Outage, Reaffirms 3Q Outlook
Ethos Technologies said its systems weren't breached after its carrier partner, TruStage Financial, reported a service disruption in July. The insurance technology company on Wednesday said that its own tech infrastructure was never compromised…
Gibson Energy Gets TSX OK to Renew 5% Share-Repurchase Program
Gibson Energy intends to renew its share-repurchase program to buy back up to 5% of its common shares over the course of the next year. The liquids infrastructure company on Wednesday said that the Toronto Stock Exchange has approved its plan to…
Westport Fuel Systems Secures $25M Equity Line of Credit
Westport Fuel Systems has secured a equity line of credit of up to $25 million with an affiliate of Roth Capital Partners as it looks to bolster its liquidity. Through the agreement, the purveyor of automotive fuel systems and components has the…
First Five-Year Plan | HK pushes diversified assets, tax incentives to lure global wealth
Diversified asset management instruments, ranging from alternative asset funds to real estate investment trusts (REITs), will anchor Hong Kong's drive to reinforce its position as a global asset and cross-border wealth management hub, Chief…
Costco Expands Delivery on Uber Eats to More States
Costco Wholesale and Uber Technologies are growing their partnership, offering delivery from the membership warehouse club in more states. Costco members will now be able to order delivery of Costco products via the Uber Eats platform in 47 states…
Analysts Expect 49 Billion-Cubic-Foot Rise in U.S. Natural Gas Inventories
U.S. natural gas inventories likely posted a fifth consecutive below-normal increase last week, further trimming the storage surplus over the five-year average while widening the deficit against the year-earlier level, according to a survey by The…
Heidelberg Materials to Close French Cement Plant in European Restructuring
Heidelberg Materials said it is closing a French cement plant as part of a restructuring of its European footprint in response to weak construction demand. The German supplier of building materials said Wednesday that the closure of its site in…
Plains to Buy Silver Creek Powder River Basin Assets for $585 Million
Plains All American Pipeline and Plains GP Holdings have agreed to buy Silver Creek Midstream's Powder River Basin crude oil midstream assets for about $585 million in cash. Plains on Wednesday said the acquired assets include about 600 miles of…
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