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Fidelity Posts Record Revenue, Profit Despite Market SwoonFidelity Investments posted record operating profits and revenue for a third-straight year even as a stock-market selloff late last year shrunk the value of the assets it manages for clients. Kim_TechStrat Typical- they make money while customers lose. 👍way to go Fidelity!
Source: WSJ - 🏆 98. / 63 Read more »
Saudi prince sees $100B worth of investment opportunities in IndiaBefore heading to India as part of his Asia tour, Saudi Crown Prince Mohammed bin Salman in Pakistan signed memoranda of understanding valued at about $20 billion to help prop up Pakistan's economy.
Source: trtworld - 🏆 101. / 63 Read more »
Key Investors Are Unhappy With SoftBank Tech-Investment FundTwo big outside investors in the Vision Fund, the $100 billion tech-investment fund managed by SoftBank Group, are worried transfers of stakes between SoftBank and the fund at high valuations could set up future losses. False News
Source: WSJ - 🏆 98. / 63 Read more »
How this high school senior got promoted to junior partner at a global investment fundIn 8th grade, Rishi Bagaria began investing in the stock market. Now, in between high school classes, he's serving as junior partner at life sciences investment fund Thessalus Capital.
Source: CNBC - 🏆 12. / 72 Read more »
Business investment dries up after Trump tariff tiff with China, global woes, shutdownPresident Trump giveth and President Trump taketh away: Business investment soared in 2017 in anticipation of the biggest corporate tax cuts in 31 years, but companies have hit the brakes since the White House stepped up its attack on Chinese trade practices. Chatting with clients and they bring up how they feel that the tariffs have impacting the business climate.
Source: MarketWatch - 🏆 3. / 97 Read more »
Amazon Studios head Jennifer Salke looks to grow streamer's movie business after years of strugglesSalke, a year into her tenure at Amazon after leaving her job running NBC Entertainment, is trying to turn Jeff Bezos’ e-commerce giant Amazon.com into a formidable force in the movie business after years of struggles. Just throw billions $$$ at everything like Netflix.
Source: latimes - 🏆 11. / 82 Read more »