Finance
Family offices have become a $6 trillion powerhouse in investing—and deal-making
The post-pandemic wealth boom has sparked an explosion in family offices, creating a new gold rush among Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed […]
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Stocks making the biggest moves midday: Twitter, Wynn Resorts, Lululemon, Nio and more
Traders work on the floor of the New York Stock Exchange. NYSE Check out the companies making headlines in midday trading. Twitter — Shares of the social media company dropped more than 8% after Elon Musk walked away from his $44 billion deal to buy Twitter. Musk alleged that Twitter under-reported the number of spam bots on the […]
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Stocks making the biggest moves in the premarket: Twitter, Wynn Resorts, Las Vegas Sands and more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter slid in premarket trading after Elon Musk announced late Friday that he was abandoning his $44 billion takeover deal. Twitter responded by saying it plans legal action to hold Musk to the agreed-upon transaction. Wynn Resorts (WYNN), Las Vegas […]
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S&P 500 futures edge lower ahead of kickoff to earnings season
Traders on the floor of the NYSE, June 24, 2022. Source: NYSE U.S. equities futures dipped Sunday evening as Wall Street looked ahead to big company earnings reports and key inflation data, on the heels of a strong employment report. Futures tied to the Dow Jones Industrial Average slipped by 51 points, or 0.1%. S&P […]
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This type of ETF is seeing near-record inflows — but will it keep paying dividends?
It’s a type of ETF seeing near-record inflows. New data shows dividend exchange-traded funds totaled almost $50 billion in fresh money in the first half of 2022, according to Todd Rosenbluth of VettaF, a financial services company. “We recently did a survey of advisors at VettaFi, and dividend strategies were most popular in terms of […]
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JMP downgrades consumer lender Upstart citing ‘limited revenue visibility’ going forward
JMP Securities downgraded shares of Upstart Holdings on Friday after the consumer lending company issued a profit warning that highlighted how difficult it would be to predict its future revenue. Analysts led by Andrew Boone lowered Upstart’s rating to market perform from market outperform, but did not set a price target for the stock. Upstart […]
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Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years
Momo Productions | Digitalvision | Getty Images The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and the bargaining power of workers. There were […]
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ETFs come to China with a vengeance
Hong Kong, a British colony from the 1840s to 1997, grew into an international finance center just off the coast of mainland China. A stock connect launched in 2014, followed by other systems linking Hong Kong’s market closer with the mainland’s. Anthony Kwan | Bloomberg | Getty Images BEIJING — China has joined the global […]
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Stocks making the biggest moves midday: GameStop, Virgin Galactic, Bed Bath & Beyond and more
Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Check out the companies making headlines in midday trading. GameStop — Shares of the video game retailer jumped 15.1% after the company said a 4-for-1 stock split was approved by its board. A stock […]
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How are rising costs impacting your household? Here’s how to calculate your personal inflation rate
Skynesher | E+ | Getty Images It’s likely no surprise to hear that prices have been rising across the U.S. economy, whether at the grocery store or the gas pump. But just how much have your personal household costs increased, and how does that stack up against the average American’s? Calculating your personal inflation rate […]
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