Apollo to Buy Griffin Capital Units
The deal will add about $5 billion of assets under management in products designed for individual investors.
Blackstone's Tony James to Retire
Hamilton "Tony" James, who helped transform Blackstone from a small private-equity shop into an investment giant with $731 billion in assets, is leaving the company in January.
Whether Omicron Wreaks Havoc or Not, the U.S. Dollar Is a Buy
The greenback should do well if the economy shrugs off the new Covid-19 variant, or serve as a haven if it doesn't.
Fed's Bostic Wants to Accelerate Pace of Bond Buying Taper
Federal Reserve Bank of Atlanta President Raphael Bostic said Thursday he would like to get the central bank in position to raise its short-term interest rate target next year if inflation pressures don't retreat from currently high levels.
Senate Confirms Biden Nominee for U.S. Sanctions Chief
Brian Nelson has been confirmed as the Treasury Department's undersecretary for terrorism and financial crimes
Bridgewater CEO Tells Staff He Is Close to Decision on Senate Run
David McCormick told staff that he was considering resigning to run for U.S. Senate in Pennsylvania, and that he planned to decide within the next few weeks.
Metaverse Lures Investors as Promising Yet Uncertain New World
Exchange-traded funds have sprung up to cater to growing appetite for metaverse investments.
HSBC, Credit Suisse, Others Fined for 'Sterling Lads' Currency Cartel
EU authorities fined four banks close to $400 million for manipulating the foreign-currency market by exchanging sensitive information and trading plans, including through an online chat room.
Bond Investors Bet on Low Peak Interest Rates
Yields on government debt indicate the central bank won't raise short-term rates above 2%, suggesting to some investors either economic weakness or market complacency.
The Pros and Cons of 'Direct Indexing'
The biggest advantage is that it increases the ability to offset gains with tax losses.
(END) Dow Jones Newswires
12-03-21 0015ET
