News

Don’t let this passport quirk upend your next vacation. It 'trips a lot of people up,' expert says

Depending on the destination, your passport may need to be valid for at least six more months in order to board the airplane.

Markets 'complacent' about the risks of a Trump win, strategist says

Markets are "fairly complacent" about the risks of a second Trump presidency, which could trigger a "tantrum" in bond markets, says PGIM's Guillermo Felices.

Founders of Wise and Skype raise $436 million to build tech giants in Europe

Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.

World's largest hedge funds record bumper year of profits, research shows

The world's top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed Monday.

Watchdog report is critical of former Fed officials in stock trading controversy

A review into market trading from two former high-ranking officials criticizes their actions but does not accuse either of doing anything illegal.

Why that ‘last mile’ of the inflation fight may be more challenging

The final stretch of disinflation before hitting the Federal Reserve's 2% target may not be so easy, some economists believe.

Trump's proposed 10% tariff plan would 'shake up every asset class,' strategist says

Donald Trump's proposed 10% tariff increase on all U.S. imports "shakes up every asset class," according to Rabobank's Michael Every.

'We have scouts all over the world': Former NBA All-Star Danny Ainge takes a money shot for global talent

Utah Jazz CEO Danny Ainge seeks to capitalize on heightened international interest in the NBA.

Spot bitcoin ETFs are taking Wall Street by storm. Experts say options are next

Options on newly minted spot bitcoin ETFs could help investors manage risk and open the door to more institutional traders, according to experts.

New Morgan Stanley CEO is 'super bullish' on hitting financial targets

The pivot to wealth management boosted Morgan Stanley's valuation beyond rivals including Goldman Sachs, but more recently growth concerns have stymied shares.

Deutsche Bank CEO says acquisitions not a 'priority' as Commerzbank rumors swirl

Deutsche Bank CEO Christian Sewing said that merger and acquisition activity is not a priority, as speculation resurfaces over the future of rival Commerzbank.

Barclays CEO says difference in Labour and Conservative economic policy is 'fairly minimal'

The difference between the Conservatives and Labour on economic policy is "fairly minimal," Barclays CEO C.S. Venkatakrishnan said Thursday.
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