OAM shutters funds as JPMorgan became the last of the big banks to end its relationship with the London-based hedge fund, according to the Financial Times.
Market Extra: ‘Crowded’ tech trade? Investors still haven’t piled into these two big names.
Piling into tech stocks, especially those with AI connections, hasn’t extended to all big names, says Citigroup.
: AstraZeneca to decarbonize U.S. footprint by turning cow manure into renewable natural gas
In a first for the pharma sector, AstraZeneca will tap renewable natural gas for its U.S. manufacturing sites by the end of 2026.
Deep Dive: The bull market has left these 20 companies behind, but they are primed for growth
Starbucks, Cigna and Enphase are among the companies expected to have strong sales through 2025 — even though they’ve been left out of the S&P 500’s 8-month rally.
Economic Report: U.S. inflation slows again, CPI shows, and might keep Fed on sidelines
Consumer prices rose a scant 0.1% in May and could cement a decision by the Federal Reserve to “skip” an increase in interest rates.
: How much money makes you ‘wealthy’ in America? A cool $1 million just doesn’t cut it anymore.
Americans’ perceptions of wealth have shifted over the past several years, according to a Charles Schwab survey.
: Grain processor Bunge to combine with Glencore-backed Viterra to create global agribusiness leader
Bunge Ltd. has agreed to combine with Rotterdam-based Viterra Ltd. in a cash-and-stock deal valued at about $18 billion, including debt.
Metals Stocks: Gold prices end lower with a pause in Fed interest-rate hikes priced in
Gold prices end lower on Tuesday after data show a modest monthly increase in U.S. consumer prices, ahead Wednesday’s Federal Reserve policy announcement.
: Cathie Wood’s ARK dumps some Tesla, Nvidia stock while scooping up Meta shares
Cathie Wood’s ARK Investment unloaded some shares of Tesla Inc. and Nvidia Inc. across several funds Monday, new disclosures showed.
Peter Morici: Biden and NATO’s weak stance toward Putin emboldens China, North Korea, Iran and Saudi Arabia
What happens in Ukraine could happen next in Taiwan. It’s high-time NATO went on an aggressive footing. writes Peter Morici.
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