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Fed Meeting Today: Central Bank 'Firmly Parked' On Interest Rate Pause
The Federal Reserve maintained its target rate range at 3.50%–3.75% for a third consecutive meeting, citing elevated energy prices and heightened geopolitical uncertainty tied to the Iran conflict.
Bill Ackman’s Pershing Square USA Sinks 16% After $5 Billion IPO
(Bloomberg) - Shares of Bill Ackman’s Pershing Square USA Ltd. plunged 18% in its debut after the combined initial public offering for the closed-end fund and his alternative asset manager raised $5 billion.
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Grayscale Investments and Crypto’s Evolution: From Speculation to Strategic Asset Allocation
Cryptocurrency has evolved from speculative gamble to strategic portfolio component. Grayscale Head of Research Zach Pandl explains how digital assets now offer measurable diversification benefits comparable to traditional alternatives like private equity. With Bitcoin’s volatility matching large-cap tech stocks and new ETF accessibility, advisors can seamlessly integrate crypto exposure while hedging against macroeconomic risks and fiat currency devaluation.
Former Morgan Stanley Broker Fined And Suspended For Two Years
Former Morgan Stanley broker fined and suspended for two years for improper transactions.
US SEC Readies Relief For Asset Managers To Add ETFs To Mutual Funds
The SEC on Monday paved the way for an asset manager to add exchange-traded share classes to mutual funds.
Goldman Sachs Upgrades Global Equities On Growth Optimism, Policy Support
Goldman Sachs on Monday upgraded its stance on global equities to "overweight" from "neutral" over the three-month horizon.