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PIMCO Launches New ETF to Expand StocksPLUS Strategy in UCITS Format

PIMCO Launches New ETF to Expand StocksPLUS Strategy in UCITS Format

PIMCO Launches New ETF to Expand StocksPLUS Strategy in UCITS Format
Reuters Reuters
Apple briefly tops $5 trillion market value for first time

Apple briefly tops $5 trillion market value for first time

July 28 (Reuters) - Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia.  Its shares were last up 0.72% at $339.33, giving it a market capitalization of $4.98 trillion.
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T. Rowe Price Expands into Private Markets and Crypto, Aiming for Long-Term Growth

T. Rowe Price Expands into Private Markets and Crypto, Aiming for Long-Term Growth

T. Rowe Price Expands into Private Markets and Crypto, Aiming for Long-Term Growth
Reuters Reuters
Goldman Sachs queried top lawyer Ruemmler on Epstein links as scrutiny mounted

Goldman Sachs queried top lawyer Ruemmler on Epstein links as scrutiny mounted

By Saeed Azhar NEW YORK, July 30 (Reuters) - Goldman Sachs queried its former top lawyer Kathy Ruemmler in 2023, 2025 and 2026 about links to Jeffrey Epstein amid growing scrutiny of the late convicted sex offender's ties to the elite and wealthy, according to a transcript released by the U.S.
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Prudential Financial Faces Challenges Amid Retirement Income Rethink

Prudential Financial Faces Challenges Amid Retirement Income Rethink

Prudential Financial Faces Challenges Amid Retirement Income Rethink
Reuters Reuters
Blue Owl suffers credit outflows, data centers power growth elsewhere

Blue Owl suffers credit outflows, data centers power growth elsewhere

By Isla Binnie and Manya Saini NEW YORK, July 30 (Reuters) - Alternative asset manager Blue Owl suffered outflows from its credit business in the second quarter as wealthy investors pulled back, but the market took heart on Thursday as data center investments and other businesses continued to grow.
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Investcorp Acquires Stake in Berger Financial Group to Expand Wealth Management Services

Investcorp Acquires Stake in Berger Financial Group to Expand Wealth Management Services

Investcorp Acquires Stake in Berger Financial Group to Expand Wealth Management Services
Reuters Reuters
Consumers, AI spending likely supported US economic growth in the second quarter

Consumers, AI spending likely supported US economic growth in the second quarter

By Lucia Mutikani WASHINGTON, July 30 (Reuters) - The U.S. economy likely maintained a steady pace of growth in the second quarter, supported by stronger consumer spending and robust business investment in equipment tied to the buildout of artificial intelligence infrastructure.
Reuters Reuters
KKR's profit jumps on dealmaking strength, asset growth

KKR's profit jumps on dealmaking strength, asset growth

By Isla Binnie July 30 (Reuters) - KKR raked in higher fees from managing a growing stack of assets and cashed out on more investments in the second quarter, the New York-based investment firm said on Thursday.
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Ares Management: Diversified Investment Strategies in Global Markets

Ares Management: Diversified Investment Strategies in Global Markets

Ares Management: Diversified Investment Strategies in Global Markets
TheStreet TheStreet
Warren Buffett’s 2 rules look prescient as the S&P 500 slides

Warren Buffett’s 2 rules look prescient as the S&P 500 slides

The S&P 500 just posted its second straight weekly loss, and the investor who called it hasn’t spent a dime. Berkshire Hathaway Chairman Warren Buffett made his fortune on two rules, Investopedia noted. These are: “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.” For months, ...
Reuters Reuters
Hedge funds on track for another stellar year on AI boom

Hedge funds on track for another stellar year on AI boom

By Anirban Sen NEW YORK, July 28 (Reuters) - Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half performance for money managers across most investment strategies, according to a Goldman