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...

Traders Look to US Jobs Data to Support the Rally in Treasuries

Aug 21, 2024 | Markets

BLS issues preliminary benchmark employment revision Wednesday Treasuries are up, dollar is down this month on rate-cut bets Investors who’ve positioned for more gains in US Treasuries will look to revised data on the US labor market for signs the Federal Reserve...

Dollar’s Losing Streak Sends Euro, Pound to Fresh 2024 Highs

Aug 20, 2024 | Markets

Traders await clues from Fed Chair Powell at Jackson Hole Dollar has weakened as investors see lower US interest rates The dollar’s slump is fueling rallies in other major currencies, sending the euro and British pound to fresh 2024 highs as traders home in on the...

Fed Confronts Up to a Million US Jobs Vanishing in Revision

Aug 20, 2024 | Markets

BLS issues preliminary benchmark employment revision Wednesday Economists still view job growth as healthy, albeit moderating US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal...