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Wall Street futures rise ahead of inflation report as the Fed watches surging costs
NewsSeptember 1, 20263 min read

Wall Street futures rise ahead of inflation report as the Fed watches surging costs

U.S. futures are pointing higher before the release of key inflation data for July that could provide a better idea of where prices are heading. Recommended Video Futures for the S&P 500…

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Goldman Sachs to acquire ETF provider Neos in $2.3 billion deal
NewsSeptember 1, 20262 min read

Goldman Sachs to acquire ETF provider Neos in $2.3 billion deal

Goldman Sachs Group Inc. will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager’s reach in the actively managed exchange-traded fund market.  Recommended Video The…

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Inflation came in perfectly on forecast. Almost everything underneath it is a ‘mess’ as wages struggle to keep up
NewsSeptember 1, 20264 min read

Inflation came in perfectly on forecast. Almost everything underneath it is a ‘mess’ as wages struggle to keep up

A tense July inflation report came in exactly as economists expected it would on Wednesday, as the Bureau of Labor Statistics reported that consumer prices rose 0.1% in July and…

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‘We’re not built for this’: Severe weather leaves 850,000 in the Midwest without power
NewsSeptember 1, 20264 min read

‘We’re not built for this’: Severe weather leaves 850,000 in the Midwest without power

 Severe weather cut power to more than half a million people in the Chicago area and northwestern Indiana as perilous thunderstorms and tornadoes pummeled the region Tuesday, causing widespread damage…

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Norway oil fund CEO says he’s more nervous after record returns
NewsSeptember 1, 20262 min read

Norway oil fund CEO says he’s more nervous after record returns

A record first-half return for Norway’s $2.3 trillion sovereign wealth fund is “as good as it gets,” its chief executive officer said. Recommended Video “Of course, after a rally like…

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New ‘Katsu Curry Index’ aims to show how weak the yen really is
NewsSeptember 1, 20263 min read

New ‘Katsu Curry Index’ aims to show how weak the yen really is

A senior strategist at Bank of New York Mellon is using the price of a Japanese fast-food staple to get an accurate snapshot of the yen’s weakness as the impact…

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New York City probes Kalshi and Polymarket over social harms
NewsSeptember 1, 20263 min read

New York City probes Kalshi and Polymarket over social harms

The New York City Council is probing the advertising practices of four major prediction market platforms, creating a new front in the legal battles facing the booming industry.  Recommended Video…

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BofA to plow $250 billion into critical infrastructure projects
NewsSeptember 1, 20262 min read

BofA to plow $250 billion into critical infrastructure projects

Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers pushing for innovation across the country. …

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Blackstone strikes $1.8 billion deal for Air Canada division
NewsSeptember 1, 20263 min read

Blackstone strikes $1.8 billion deal for Air Canada division

Blackstone Inc. and a group of Canadian pension funds are buying a 25% stake in Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion). Recommended Video Other investors in…

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Norway $2.3 trillion fund posts best quarter since 2020
NewsSeptember 1, 20263 min read

Norway $2.3 trillion fund posts best quarter since 2020

Norway’s sovereign wealth fund, the world’s largest, reported its best quarterly return in six years, helped by gains from its holdings in global technology companies. Recommended Video The $2.3 trillion…

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