Tune into your favorite financial television channel these days, and you're bound to get at least a handful of reasons to sell amid the recent pick-up in volatility.
The meteoric rise of artificial intelligence and the subsequent rally of AI-related stocks have skewed overall valuations. The unwinding of these valuations will take much longer than it took to create them.
Goldman Sachs is capitalizing on a dealmaking renaissance that hasn't been seen in nearly a quarter-century. As mergers and acquisitions activity surges globally, the Wall Street powerhouse has secured an outsized share of the lucrative advisory market, controlling roughly 34 percent of the $3.
Goldman Sachs supported its general counsel, Kathy Ruemmler, after her emails with sex offender Jeffrey Epstein from years ago were released by a congressional committee. In the emails, Epstein and Ruemmler discuss President Donald Trump, former President Bill Clinton, and Facebook founder Mark Zuckerberg.
The PGIM Jennison Financial Services Fund advanced but underperformed the 3.4% return of the S&P 1500 Financials index during the quarter. Relative underperformance was largely driven by security selection within capital markets (especially LPL Financial, KKR, and Marex Group), financial services (primarily Adyen and Apollo Global Management), and banks (Pinnacle Financial Partners). On the ups...
BDCs have had a rough year so far. Yet, Q3 earnings data points indicate that the tide could be turning. While there are some tangible improvements in BDC business environment, many risks remain open.
Kim Kardashian's Skims is now valued at $5 billion after a new funding round. The brand plans to use the money to fund an expansion of physical stores.
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