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Media fed fear
The recession has begun, and nothing kicks up automation like a recession. As businesses lay off workers and cut salaries to please the shareholders it will make things worse by decreasing consumer spending. The cycle will continue as spending dries up and more are laid off.
Here comes the next crash....
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Market turmoil is last straw for asset managersState Street will slash its payroll by 6 percent. Both the selloff in stocks and outflows hit the company’s AUM in the fourth quarter. The investment industry is already reeling from fee pressure and turning to technology as the solution. That will mean plenty more pink slips.
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When Cash Is Not King: The New Favorite Investment Options For Family OfficesAlthough the family office investment approach remains relatively risk-averse, there are shifts taking place, not only between asset classes but also within traditional asset classes themselves, as innovative investment options emerge.
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A turbulent market led to one 'big surprise' last quarter that gave the world's biggest asset manager a huge boostAgainst a 'brutal backdrop,' investors pivoted to lower-fee exchange-traded-funds, a major growth area for BlackRock.
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Here comes BlackRock earnings...BlackRock, the world's largest asset manager, is set to announce fourth-quarter earnings Wednesday morning, before the market opens.
Source: BusinessInsider - 🏆 729. / 51 Read more »