Investing in collectibles can require significant funds but owning part of something that others can only dream of offers some of the prestige for far fewer dollars. A new platform from duPont Registry gives investors the opportunity to own a piece of a rare, luxury, investment-grade automobiles through fractional equity...
Check out the companies making headlines in premarket trading.Zynex, Coherus BioSciences, Universal Insurance Holdings -- Coherus, Zynex and Universal Insurance stock fell on news from S&P 500 Dow Jones indices that the stocks would be moving within smallcap indexes. Coherus is leaving the Midcap 400 for the midcap 600,...
Focus Financial Partners is looking ahead to a new era of growth following its acquisition by funds affiliated with Clayton Dubilier & Rice and Stone Point Capital. The deal which takes Focus off the public market — it was previously listed on the Nasdaq — and into private hands was...
The financial services sector is set for substantial growth in the next few years as several factors converge. The global market is anticipated to reach more than US$37.5 trillion dollars by 2027 at a compound annual growth rate (CAGR) of 7.5% according to the latest report from The Business Research...
Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further. “First, real disposable income looks set to reaccelerate in 2024...
A record sell-off in Chinese stocks by global funds has pushed their positioning to the lowest since October, with money managers unswayed by the stimulus measures that have been coming through over the past few weeks. The average underweight position by global long-only managers is back to where it was...
US equity investors are in for disappointment as economic growth is set to be weaker than expected this year, according to Morgan Stanley’s staunch bear, Michael Wilson. The strategist’s warning contrasts with the rally on Wall Street, driven by expectations the economy can withstand the Federal Reserve’s hiking campaign, which...
Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto sector scarred by a $2 trillion rout. The price crash led to bankruptcies like that of the FTX exchange, leaving a mountain of coins stranded...
The world’s biggest banks aren’t telling stakeholders what they need to know to judge how big the industry’s carbon footprint is, according to a fresh study. Only five global banks have disclosed the quantitative results of climate scenario analyses to shareholders and clients, according to a report published on Tuesday...
Asset managers trying to sell funds in Europe are finding it “increasingly difficult” to do so unless their products are registered as ESG, according to a study by analysts at Goldman Sachs Group Inc. The research comes more than two years after the European Union enforced its Sustainable Finance Disclosure...