Justin Sullivan | Getty ImagesCheck out the companies making the biggest moves in premarket trading:Pioneer Natural Resources — The energy stock soared nearly 10% in premarket trading after The Wall Street Journal reported Pioneer was close to reaching a deal to be bought by Exxon Mobil for about $60...
Jimmy Butler #22 of the Miami Heat dribbles against Jamal Murray #27 of the Denver Nuggets during the fourth quarter in Game Five of the 2023 NBA Finals at Ball Arena on June 12, 2023 in Denver, Colorado.Justin Edmonds | Getty Images Sport | Getty ImagesThe National Basketball Association's...
Roberto Firmino of Liverpool shoots whilst under pressure from Eder Militao of Real Madrid during the UEFA Champions League Quarter Final Second Leg match between Liverpool FC and Real Madrid at Anfield on April 14, 2021 in Liverpool, England.Shaun Botterill | Getty Images Sport | Getty ImagesStreaming platforms are...
Fifty years ago, many of today’s hottest investing preferences were the stuff of science fiction, but the fundamentals of investing were reassuringly similar. To mark 50 years in the wealth management industry Charles Schwab has been asking its clients, including some who have been with the firm since the early...
Financial advisors with Savant Wealth Management are gaining additional capabilities to provide professional 401(k) management for their clients. The RIA firm has partnered with Pontera to offer a more streamlined and scalable solution for applying investment strategies to clients’ plan retirement accounts. Savant uses Envestnet Tamarac as its portfolio management...
The head of private fixed income at SLC Management is to retire at the end of the year and will be succeeded by two co-heads. Sam Tillighast has been with the firm for five years and has led the PFI team’s successful doubling of new investments in that time. His...
FTX co-founder Gary Wang said he and Sam Bankman-Fried committed a multibillion-dollar fraud with customer funds that led to the cryptocurrency exchange’s collapse, shortly after taking the stand against his onetime math camp buddy and MIT roommate. Dressed in a gray suit and red tie, Wang didn’t make eye contact with Bankman-Fried...
Exchange-traded funds that buy emerging-market equities are undergoing a churn — and the biggest loser is the BlackRock Inc. fund that helped usher in passive investing to the asset class two decades ago. Investors have withdrawn $5.4 billion from the iShares MSCI Emerging Markets ETF since July — of which...
It’s the right time to buy global equities after a pullback that brought them to the brink of a correction, according to Citigroup Inc. strategists. The team led by Beata Manthey said they forecast a 15% advance in the MSCI All-Country World Local Index by mid-2024 given “more balanced macroeconomic...