The Levi Strauss & Co. label is seen on jeans in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. Andrew Kelly | ReutersCheck out the companies making headlines in premarket trading.Sirius XM — Shares of the media company fell roughly 2%...
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Latino Donor Collaborative in partnership with Wells Fargo.Over the last decade, the U.S. Latino economy has grown two and a half times faster...
An RIA firm has agreed to pay at least $18 million after being charged by the SEC for failing to disclose multiple financial conflicts of interest. The regulator said that AssetMark Inc. did not disclose that it helped set the fee that its affiliate custodian received for operating a cash...
Two Indianapolis-based RIA firms have combined to create a new brand with more than $750 million in assets under management. Wellington Group and TrustWealth Strategies completed their official merger earlier this month and will now operate under a new brand, Wellington Wealth Strategies, with a rollout already underway. The legacy firms...
Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances. For the bottom 80% of households by income, bank deposits and other...
BlackRock Inc. said insurance executives overseeing $29 trillion plan to pour more money into private debt and credit strategies while cutting back on private equity and real estate. Of 378 senior insurance executives surveyed by BlackRock, 89% said they plan to invest more in private markets during the next...
UBS Group on Wednesday will seek to convince France’s top court to overturn a reputation-damaging conviction and €1.8 billion ($1.9 billion) penalty for helping wealthy French clients stash away undeclared funds in Swiss accounts. The hearing comes nearly two years after the Paris court of appeals more than halved UBS’s...
Considering remote working from overseas? Join the growing segment of untethered persons: In the US alone, 17.3 million Americans, 11% of the workforce, now identify as digital nomads—traditional jobholders and independent workers — an increase of 2% from 2022, according to the August 2023 report from U.S. workforce management company MBO Partners. Another...
Morgan Stanley’s Guy Metcalfe, who helped build out the bank’s real estate banking business, will retire after 33 years at the firm. Metcalfe, 56, had been chairman of the unit and was involved in transactions totaling more than $850 billion, according to an internal memo disclosing his departure. His presence...
Ryan Ratliff (L), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (R) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. Joe Raedle | Getty Images News | Getty ImagesMortgage interest rates just hit a level not seen since the...