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New CIO For Northern Trust's Family Office Unit
Northern Trust Wealth Management on Monday named Beata Kirr as CIO of its global family office group, the firm’s platform serving family offices and high net worth clients.
Oil Prices May Spike Again As 'Something is Off' With the Current Math, JPMorgan Says
Nine weeks into the Iran war, the global economy continues to lose record volumes of oil supply — yet prices have remained relatively contained and well below all-time highs.
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Wall Street Boss Warns of ‘Cockroaches’ In $3tn Debt Market
The boss of JP Morgan has said there are “cockroaches” in the debt markets in comments that will fuel concerns about the $3tn private credit industry.
Innovator ETFs Launches Dual Directional Buffer Funds, Aiming for Positive Returns in Down Markets
Innovator ETFs has launched dual directional buffer funds designed to flip the script on market downturns. DDTS and DDFS aim to generate positive returns when the S&P 500 falls within their buffer zones (10% and 15%, respectively), while participating in market gains up to predetermined caps. These ETFs seek to democratize sophisticated institutional strategies, offering advisors daily liquidity, lower fees, and tax efficiency in an accessible wrapper that makes defined outcome investing available across client bases.
Powell Says 'Downside Risks To Employment Appear To Have Risen,' Implying More Fed Cuts Are Possible
Jerome Powell appears to be implying that another rate cut is possible at the Fed's next meeting on Oct. 28-29.
Five Ways Out Of The US Government Shutdown Standoff
Government shutdowns all end eventually. The only question is how.