US equity-index futures dropped after Microsoft Corp. and Google’s parent Alphabet Inc. delivered a mixed picture of big tech earnings. Contracts on the Nasdaq 100 sank 0.6% and those on the S&P 500 were down 0.4%. Alphabet fell more than 7% in premarket trading after its cloud unit reported a...
The war between Israel and Hamas is adding more tension in a world already riled with unrest, according to the head of the International Monetary Fund. “What we see is more jitters in what has already been an anxious world,” IMF Managing Director Kristalina Georgieva said at the Future Investment...
Top US banking regulators have updated decades-old rules that are meant to tackle redlining and boost lending to lower-income areas. Under Tuesday’s plan, the landmark 1977 Community Reinvestment Act will for the first time cover online and mobile banking services. That means the grades that regulators give firms for lending...
Beijing has pumped a record amount of short-term cash into its financial system to shore up lending in recent days, only to elicit a refrain familiar to China watchers this year — not enough, more required. Signals in the money market show traders expect borrowing costs to remain elevated for the...
Hui Ka Yan has already lost his freedom. Now, China Evergrande Group’s founder is no longer a billionaire. Hui’s net worth has fallen to $979 million, according to the Bloomberg Billionaires Index, with shares of his debt-laden real estate firm trading at just HK$0.24 (3 cents) each. Shares of China Evergrande...
Earlier this year, psychiatrist and author Gregory Scott Brown published an article on meaningful living. He shared research showing that people who were more optimistic for the future and focused on fulfillment instead of happiness were better off than others whose emotions were tied to day-to-day events. In his...
Emlen Miles-Mattingly believes in genuine human connection. As founder and financial advisor at Gen Next Wealth, he knows financial planning is as much about values and relationships as it is about numbers and strategies. “Because of my authentic communication style, clients connect with me on more than just a financial...
Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the US, monetary policies and escalating Middle East tensions weighing on sentiment. “If you take the time horizon, the monetary policies that we are going to see will have greater effects...
Kaufman Hall Investment Management has acquired the assets of Ponder Investment Co., a $1 billion AUM firm that provides investment management services to nonprofit health care, cultural, and other institutions. The wholly owned subsidiary of Kaufman Hall & Associates will assume control of PIC’s business, which manages high-grade U.S. fixed-income...
Modern Wealth Management has made its fifth acquisition as the national RIA aggregator continues is rapid growth since launching earlier this year. The firm has added the tax strategy and preparation capabilities of father and son firm Martin James Investment & Tax Management, operating out of Indianapolis, Indiana. The firm was...