News

Swiss wealth manager Lombard Odier indicted for money laundering

Lombard Odier — one of Switzerland's oldest private banks — has been indicted by Swiss prosecutors for "aggravated money laundering."

China plans to restrict exports of a critical metal. But the market isn't that worried

China dominates 80% of the global tungsten supply chain.

Why exchange-traded funds are a 'growth engine' of active management

Actively managed exchange-traded funds have captured investor money in recent years while active mutual funds have shed net assets.

Donald Trump selects Kevin Hassett to lead National Economic Council

The appointment came as Donald Trump renewed his vow to raise tariffs on imports from China, Mexico and Canada.

Fed officials see interest rate cuts ahead, but only 'gradually,' meeting minutes show

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace.

Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out

Databricks is raising at least $5 billion in cash — though it could raise as much as $8 billion — pegging its new valuation at $55 billion, sources say.

How President-elect Donald Trump may impact investors in these 8 market sectors

President-elect Donald Trump's agenda carries risks and rewards for various investment sectors, market experts said.

Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability

UniCredit offered to snap up Banco BPM for roughly $10.5 billion on Monday.

Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico

President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social.

Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion

"I've never wished to create a dynasty or pursue any plan that extended beyond the children," Buffett wrote in a lengthy letter Monday.

UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion

Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.

Bitcoin vs. gold: State Street worries the crypto rally's allure is distracting precious metal investors

State Street Global Advisors' George Milling-Stanley warns cryptocurrency plays do not offer the stability of gold.
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