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.
Industrials Up Amid Mixed Earnings - Industrials Roundup
Shares of industrial and transportation companies ticked up amid mixed earnings and deal activity. Daimler Truck reaffirmed its full-year targets as a 12% rise in North American truck orders helped lift overall global order intake by 10%. Firefly…
Keeping your head when markets plunge
Plunging market: when your investments plummet in value, it's important not to panic (Adobe stock image) I don't know about you, but I am not particularly reassured by the headlines at the moment: rioting in Europe; the ongoing war between Ukraine…
Airbnb AI Products Gain Traction, Cut Costs -- Market Talk
13:02 ET--Airbnb's AI products are gaining traction, Raymond James analysts say. The company launched an AI natural-language search across its homes, experiences and services platforms, alongside AI-generated listing summaries and filters. Early…
Why Gen Z's wealth-building future could be threatened by AI
Gen Z Americans are expressing fears that their saving habits and wealth-building potential—though supposedly in better shape than older generations—may prove ineffective and be undercut by the rise of artificial intelligence. In…
Communications Services Up on Rotation Back to Risk - Communications Services Roundup
Communications-services companies rose as traders rotated back into consumer-facing sectors in the wake of strong jobs data. The U.S. added 165,000 workers to payrolls in October, far above the average economist projection of 59,000. Charter…
Stocks to Watch: Repligen, Hawaiian Electric, GeoVax Labs
Repligen issued $1 billion in 0.25% convertible senior notes due 2031. Shares fell 20% to $138.99 after Friday's closing bell. Hawaiian Electric Industries reported a higher profit and 28% revenue growth in the most recent quarter. The stock rose…
Energy Flat as Traders Await Middle East Policy Plans - Energy Roundup
Shares of energy companies were more or less flat as traders hedged their bets on the outlook for the Iran war. Oil futures closed the week around $90 a barrel, but incurred their biggest weekly losses since April as comments from President Trump…
Materials Down as Copper Suffers Biggest One-Week Loss Since March - Materials Roundup
Producers of metals, grains and other raw materials fell, but finished the week with relatively modest losses, as precious metals lured investors again. Uncertainty in the wake of the midterm elections spurred demand for gold, which finished the…
Health Care Flat, Despite Strong Earnings - Health Care Roundup
Health-care companies were more or less flat, despite strong earnings, as traders rotated back into cyclical sectors in the wake of strong jobs data. Moderna swung to a third-quarter profit and raised its full-year revenue growth forecast as…
Canadian Car Dealer UC Automotive Files for IPO
UC Automotive filed for an initial public offering. The Canadian used-car dealership plans to trade on Nasdaq, but didn't disclose the amount or pricing of the shares it intends to offer. UC Automotive is based in Richmond, British Columbia, and…
RPM International CEO Sullivan to Retire Within 18 Months
RPM International Chief Executive Officer Frank Sullivan plans to retire, capping off nearly 25 years at the helm of the building-products supplier. Sullivan intends to retire within the next 12 to 18 months, the company said in a Friday filing…
Utilities Up After Vistra Report - Utilities Roundup
Shares of power producers rose after strong earnings reports. Shares of merchant power producer Vistra rose after the company posted a higher-than expected profit and revenue in the third quarter, benefitting from high AI-buildout related demand.
Tech Up as AI Bets Recoup Some Losses - Tech Roundup
Shares of technology companies rose, recouping a modicum of their losses following the biggest selloff in the sector for more than a year. Tesla will soon discontinue its Cybertruck production after sales of the stainless steel electric pickup…
Ubiquiti Shares Gain on Higher 1Q Profit, Revenue
Shares of Ubiquiti climbed after the company reported sharply higher profit and revenue in the recent quarter. The stock rose 17%, to $599.88, on Friday. Shares are up nearly 6% year to date. The company before the bell reported a fiscal…
Financials Down as Jobs Data Spur Fed Rate Hike Fears - Financials Roundup
Shares of banks and other financial institutions fell after strong data increased the odds of another Federal Reserve rate hike. Investment firm Brookfield Asset Management raised $25 billion in capital during the third quarter, led by strong…
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