Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year, partly in response to higher fuel prices.The carrier said Thursday it...
At Kohl's stores, Chief Merchant Nick Jones said shoppers will see a mix of elevated items and sharp price points. For example, the company has signs that call attention to low prices of some sweaters, but is also has added European-made glassware to its home decor.Melissa Repko | CNBCAs...
InvestmentNews is looking for the industry’s premier talent for the first-ever Top Advisors ranking. Successful candidates will be evaluated based on assets under management, AUM growth, and organic client growth introduced to the business over the last 12 months. This is an opportunity to be recognized as one of the leading...
Illustration by Elham AtaeiazarIt's no secret that Shein has ambitions to go public, but the fast-fashion juggernaut will have to overcome a slew of hurdles before it can win over Wall Street.The digitally native retailer skyrocketed to prominence during the Covid-19 pandemic after shoppers across the globe fell in...
The upward trend in life expectancy has been evident for many years and yet still millions of Americans do little to plan for the large chunk of their lives that will live in retirement. A new survey from Western & Southern Financial Group is the latest to highlight a lack...
Growing demand for alternative assets will add more than $8 trillion to assets under management in the next five years, to a total $24.5 trillion, according to a new report. According to the forecast from industry analysts Preqin, the global alternative assets market will grow at an annualized growth rate...
A multi-family office managing $7 billion in client assets has promoted two long-serving members of its team to key management roles. Pitcairn has announced that J. Matthew McCarte, CFP, CTFA, is immediately taking charge of all relationship management teams as managing director and head of wealth management. He has been...
The popular 60/40 portfolio isn’t dead, and in fact is a significantly more compelling investment than cash over the coming decade, according to JPMorgan Asset Management. The strategy of putting 60% of assets in equities and 40% in Treasuries is set to outperform cash by an annualized 4.1 percentage points,...
OpenAI is in talks to sell existing employees’ shares at an $86 billion valuation, according to people with knowledge of the matter. The artificial intelligence startup behind ChatGPT is negotiating the transaction, known as a tender offer, with potential investors, said the people, who asked not to be identified discussing...
Options traders are preparing for turbulent yen trading. Fluctuations are likely to increase amid growing concerns the Japanese authorities will intervene to support the weakening currency. At the same time, the yen may come under upward pressure amid speculation of a potential tweak to the Bank of Japan’s monetary policy...