BlackRock’s biggest reorganisation in years reflects a belief that the $10tn money manager must move faster to capture a wave of investment from clients who will be moving out of cash and seeking new...
Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023.The industry produced combined gains worth $218 billion after fees,...
Federal Reserve Bank of Atlanta President Raphael Bostic urged policymakers to proceed cautiously toward interest-rate cuts given the potential economic impact of unpredictable events ranging from...
There’s a repeated refrain from the throngs of financiers in Davos this week: Rein in your rate cut expectations.Everyone from JPMorgan Chase & Co.’s Daniel Pinto to Standard Chartered Plc’s Bill...
Egypt pushed ahead with an increase in transit fees through the Suez Canal this week, as a need for foreign currency trumped a fall in maritime traffic due to Houthi attacks on shipping in the Red...
If Wall Street delivers on its promises, the Federal Reserve will get reams of feedback on regulators’ proposed bank capital overhaul.In comments due Tuesday, the industry is expected to formalize...
China looks all but certain to hit its growth goal of about 5% for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to...
China’s exports posted the first full-year decline since 2016 as global demand faltered and prices fell, hurting a major pillar of growth for the world’s second-biggest economy.The country sold $3.38...
US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will...
Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission’s official X account claimed the regulator had approved the first-ever US spot...