A mobile billboard rolls past the U.S. Capitol on May 10, 2023.Jemal Countess | Getty Images Entertainment | Getty ImagesInvestors have pulled money from so-called ESG funds in recent years, amid political backlash, high interest rates and other headwinds.But analysts...
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.Chris Ratcliffe | Bloomberg via Getty ImagesLONDON — After 20 years in the role as Klarna’s CEO, Sebastian Siemiatkowski is about to face his toughest test yet...
From America’s largest bank to its biggest asset manager, Wall Street investment strategies once reserved for private banking clients are increasingly being offered to Main Street investors.In the midst of a market correction and ongoing uncertainty about the...
BEIJING — JPMorgan has called the bottom in the Chinese consumer slump, and the firm says now it’s time to buy. Chinese consumers have been reluctant to spend since the Covid-19 pandemic. Retail sales rose by just 3.5% last year , less than half the average of...
An expired patent — previously held by Vanguard — may spark a shake-up in the exchange-traded fund industry.Wall Street saw the patent as critical to Vanguard’s success because it saved an enormous amount of money in taxes. Now, the firm’s ETF...
FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | ReutersA federal judge on Friday ordered the Consumer...
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023.Mike Segar | ReutersCharlie...
Joel Greenblatt, a longtime bargain hunter, doesn’t think value investing deserves its bad rap. The 67-year-old investor, now running Gotham Asset Management, believes that traditional criteria that define “value,” such as price-to-book and...
Check out the companies making headlines in midday trading: Rocket Lab — Stock in the aerospace manufacturer gained 3% after the U.S. Space Force listed the company as one of the firms entered in its pool of launch providers. Braze — Stock in the cloud software...
Barry Ritholtz, chief executive officer at FusionIQ, speaks during an interview in New York, U.S., on Monday, March 5, 2012. Scott Eells | Bloomberg | Getty ImagesBarry Ritholtz had a hard time writing his first book, “Bailout Nation.”Drafted in the...
