News
Forget AI Assistants. Vanguard's New Tech Helps Manage Client Portfolios
3+ hour, 14+ min ago (451+ words) The tool is a part of the company's Portfolio Analytics system, alongside features like stress testing, healthcare cost projections and Social Security optimizations. AI may not be taking over your job, but it's definitely getting a promotion. "We are putting…...
Delta, Exxon Mobil Show Iran War Hitting Both Sides of Oil Trade
11+ hour, 13+ min ago (446+ words) Delta Airlines and oil giant Exxon Mobil say they're expecting bad news for their financial statements thanks to soaring fuel prices. Some companies sell oil, and some companies buy it. During the Iran war's oil shock, they're both taking a…...
Why Morningstar's Christine Benz Isn't a Fan of Alts in 401(k)s
11+ hour, 12+ min ago (714+ words) The asset class can play an important role in portfolios, she noted, but that doesn't mean they're vital in 401(k) plans." Once a Boglehead, always a Boglehead. Benz's enthusiastic participation in the Boglehead movement helps explain her reaction to the recent…...
Dan Ives Doubles Down on AI with Second Wed Bush Thematic ETF
11+ hour, 8+ min ago (410+ words) The new product is the firm's latest bet on the generative computing sector, after launching the flagship IVES fund in June." Just like He-Man, Ives has the Power! While broad market index funds have exposure to AI infrastructure stocks, sector-specific…...
Crude Crypto Costs Could Keep Strait of Hormuz Clogged
11+ hour, 13+ min ago (468+ words) Next up in the saga at the Strait of Hormuz: crypto fees. Iran will demand $1 per barrel of oil paid in crypto that passes the Strait. Next up in the Strait of Hormuz saga: crypto fees. Iran will demand $1 per…...
Google News
11+ hour, 8+ min ago (14+ words) Anthropic Curbs Rollout of AI Skeleton Key While Meta Regains Model Momentum'The Daily Upside...
Roundhill Taps Surging Memory Sector with New ETF
1+ day, 11+ hour ago (299+ words) Memory stocks have been surging for the past year. Let's take a trip down memory-stock lane. But with memory stocks currently surging, as they have been for the past year, could Roundhill be a little late to the party?" If…...
Mideast Sovereign Wealth Funds Back Paramount's WBD Takeover
2+ day, 11+ hour ago (327+ words) Saudi Arabia's Public Investment Fund, the Qatar Investment Authority, and Abu Dhabi's L'imad Holding Co are all aboard, per the WSJ. David Ellison is building a media empire with a "Founders' Fortune" and a Gulf-state backstop." The sovereign wealth funds…...
Universal Music Group (Ackman's Version): Hedge Fund Mogul Makes $63 B Takeover Bid
1+ day, 11+ hour ago (279+ words) n the proposed deal, UMG would merge with Pershing Square SPARC Holdings, a blank-check special-purpose acquisition rights company. What's needed now, per Pershing, is a souped-up SPAC-style merger: Saudi Arabia's Public Investment Fund, the Qatar Investment Authority, and Abu Dhabi's…...
What, Me Worry? Blackstone Closes $10 Billion Private Credit Fund Amid Industry Turmoil
1+ day, 11+ hour ago (391+ words) In recent days and weeks, private credit funds at KKR, Morgan Stanley and Blue Owl Capital have enforced redemption caps. With apologies to Bob Marley, it's a different sort of redemption song for the private credit industry." Asset management giant…...