US Payrolls Marked Down by Most Since 2009 in Preliminary Data

Aug 21, 2024 | Markets

Early revision showed 818,000 fewer jobs in year through March Pace of job growth still healthy but moderation began sooner US job growth was probably far less robust in the year through March than previously reported, keeping pressure on the Federal Reserve to cut...

Euro Surges to One-Year High as Traders Eye Interest-Rate Path

Aug 21, 2024 | Markets

Momentum reinforced by view Fed will cut rates faster than ECB Pound also touched highest level in a year as dollar is weaker The euro rose to the highest level in one year against the dollar as currency traders bet US central bankers will reinforce the case for lower...

Opaque Australian Private Markets Pose Outsized Risk, ASIC Says

Aug 21, 2024 | Markets, Private Markets

ASIC says more investors becoming exposed to private markets Australia regulator outlines strategic priorities in report Private markets in Australia are hiding potentially large risks to a growing number of investors amid their rapid expansion, making them a key...

Asset Managers Must Invest in Private Markets Now, Bain Says

Aug 21, 2024 | Markets, Private Markets, Recommended

Private-market assets under management to reach $65 trillion Bain calls it ‘the biggest opportunity in financial services’ A wide variety of asset managers need to look at investing in private markets if they want to avoid wipe-out, while revamping their entire...

Big E-Commerce Squeezing Mom-and-Pop Stores, India Minister Says

Aug 21, 2024 | Markets

India’s trade minister Piyush Goyal on Wednesday said the growth of big e-commerce companies such as Amazon.com Inc. risks putting about 100 million small mom-and-pop stores in the country out of business. “I don’t see it as a matter of pride that half our market...