Strategy Financial News

Northern Trust Asset Management has appointed a new head of global ETFs and funds, part of its business that has around $230 billion in assets under administration.

As 2024 began there was plenty of concern about the U.S. economy, not least the worrying potential of recession.

Artificial intelligence is pushing chief information officers closer to the corner office than ever before. More CIOs are reporting directly to their chief executives, rather than chief financial officers, a reflection of the role’s increased importance in helping set corporate AI strategies to keep up with the competition. CIOs have traditionally managed information-technology systems like data centers, cloud computing and business software, but must also now modernize IT and data systems to take advantage of generative AI—or even set the AI game plan.

Stock market today: GRM Overseas shares have been on an uptrend since early morning deals. Today, the FMCG stock opened upside at ₹150 apiece on MSE and touched an intraday high of ₹175 per share, recording an intraday rise of more than 18 percent on Thursday.

Mondelez has partnered Belgian biscuit maker Lotus Bakeries to make, sell and market the latter's flagship brand Biscoff in India.

Several South Korean retailers including Lotte and Hyundai are shutting down their non-fungible token (NFT) operations “one after the other” in a major blow to the sector.

As of June 6, 2024, the total debt of the U.S. government was $34.67 trillion, up from $32 trillion only a year ago. In fact, the federal government spent $658 billion on net interest costs on the national debt in 2023, or about 2.4% of GDP. This was the largest amount ever spent on interest in the budget, reflecting a 38% increase from 2022.

Penna Cement, Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement, according to people familiar with the matter.

baby powder. This agreement comes after extensive scrutiny over claims that these products caused cancer.

While carrying on without one’s other half is hard enough, new research reveals that the pain for widowed women is compounded further by financial challenges, particularly for those who hadn’t prepared for the worst.

Sequoia is positioning itself for strategic growth as it unveils a new C-suite hire to help it build crucial relationships and map out its strategic marketing.

While the company's legal parent name will remain ‘The Bank of New York Mellon Corporation', the brand has been modernised to become simply ‘BNY', with a new teal logo to mark the change. As part of the 240 year old bank's refurbishment, its subsidiaries BNY Mellon Investment Management will also be shortened to BNY Investments; BNY Mellon Wealth Management will become BNY Wealth and BNY Mellon Pershing has been rebranded to BNY Pershing. BNY Mellon IM adds US direct lending strategy to platform amid private market demand «The updated brand conveys trust, resilience and innova...

Need help with how to invest at the current juncture? Which sectors to choose? In an exclusive interview with ETMarkets, Chirag Muni, Executive Director at Anand Rathi Wealth Ltd gave his take on navigating the market after the recent election results. In this, we spoke on how to build a solid investment strategy, which sectors are worth keeping an eye on, and what history can tell us about investing during this time. Excerpts: How have the markets performed post-elections? Markets have been touching all-time highs on and off, what’s your take? In the last one week, Nifty has witnessed some sharp movements, however if you look at last one week's data the overall movement is not that big. In the past, we had observed that post-election Nifty undergoes a certain amount of volatility, however, at present for a long-term investor it should not be such a big concern.

Governments around the world are increasingly turning to seizing crypto related to criminal activities.

Tether has announced an ambitious investment plan of over $1 billion through its venture capital arm within the next year.

Fight Night is one of the latest additions to the meme coin sector. However, the project is not similar to the common cat, dog and frog meme coins out there. The meme coin sector is filled with dog-themed meme coins like Dogecoin, Shiba Inu, and Floki and cat-themed coins like POPCAT.

BENGALURU : Shortly before Nykaa listed on the bourses in November 2021, founder and chief executive Falguni Nayar expressed her intention to make the beauty and fashion marketplace a “house of brands", rather than just a multi-brand retailer. Nearly three years later, Nykaa continues to be driven by this proposition for both the beauty and the fashion segments, investing and carefully building out its strategy hoping that it will compound over time. The progress is interesting.

Titan Company, CLSA has an outperform rating on Tata Motors and Citigroup recommended a buy on IndusInd Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

By Jason Heath

Plan sponsors are increasingly focusing on retirement income solutions for their clients, according to a new survey by Pimco.

Banks are seeking innovative solutions to rebalance their credit-deposit ratio. These include reducing the minimum lock-in period for tax-saving deposits to three years to bring about parity with similar equity-linked savings schemes. There may be some merit in this demand considering a structural shift in savings behaviour of Indian households to alternative investment avenues, such as mutual funds and real estate, at a time interest rates had collapsed during the pandemic. Although interest rates have since recovered, returns offered by a rally in the stock markets and a revival of the housing market are crimping bank deposit growth. Accompanied by strong demand for credit, a key banking metric is deteriorating, prompting RBI to suggest banks review their business strategies.