Latest in Sovereign Wealth
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World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall
Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).Business - CNBC - October 22 -
How a U.S. sovereign wealth fund could help Americans and challenge China’s global influence
Direct investment in long-term international development projects could boost Americans’ well-being for generationsBusiness - MarketWatch - October 26 -
Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform
At least 50% of the capital will be allocated to investments in the kingdom and to expanding international companies' presence in the local market.Business - CNBC - October 30 -
Expect more emerging market sovereign defaults, says S&P
Countries exiting restructurings have lower ratings than in the past and may struggle to access capitalBusiness - Financial Times - October 14 -
Citi revamps pay for wealth bankers
More bonuses will go to those who move client assets into investments, and less to those who sell new loansBusiness - Financial Times - Yesterday -
Switzerland’s wealth managers bank on a future in Asia
Hong Kong and Singapore are the world’s rising wealth centresWorld - Financial Times - October 16 -
The great wealth transfer is underway. Here's how to prepare
The great wealth transfer is underway with an estimated $84 trillion projected to change hands by 2045. Here's how families can prepare.Business - CNBC - October 24 -
Why America’s polarized politics can be hazardous to your investment returns
Which would you rather have: more profit or political beliefs that are never challenged?Business - MarketWatch - October 26 -
StanChart to double investment in wealth management as profits rise
Wealth business had record quarter as revenues rose 32%Business - Financial Times - October 30 -
Nvidia CEO touts India’s progress with sovereign AI and over 100K AI developers trained
Nvidia CEO Jensen Huang noted India’s progress in its AI journey in a conversation at the Nvidia AI Summit in India. India now has more than 2,000 Nvidia Inception AI companies and more than ...Tech - VentureBeat - October 24 -
Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says
Global public debt hit a record $97 trillion in 2023, prompting the UN to call for urgent reforms for governments and financial systems around the world.Business - CNBC - October 31 -
Trio of professors win Nobel economics prize for work on post-colonial wealth
British-born Simon Johnson and James A Robinson and Turkish-American Daron Acemoğlu share £810,000 prize . Three US-based professors, including two UK-born academics, have been awarded this year’s ...World - The Guardian - October 14 -
Trio of economists wins Nobel Prize for work on wealth of nations
Daron Acemoglu, Simon Johnson and James Robinson commended for advancing understanding of inequalityBusiness - Financial Times - October 14 -
Reeves cuts National Wealth Fund budget despite UK investment drive
Chancellor’s decision comes as government seeks to work with private sector to decarbonise economyBusiness - Financial Times - October 14 -
Dozen Labour MPs join call for 'extreme wealth' tax
The MPs want Rachel Reeves to bring in a 2% tax on assets over £10m, which they claim could raise £24bn per year.Top stories - BBC News - October 22 -
Saudi Arabia’s wealth fund pivots from international investments
Public Investment Fund will focus more of its financial firepower on domestic projectsBusiness - Financial Times - October 29 -
Reeves to promise ‘wealth and opportunity for all’ in major tax-raising budget
Having announced minimum wage boost, chancellor to say she can spare working people from tax rises. Autumn budget live: latest news updates The UK’s national minimum wage is to rise by a ...World - The Guardian - October 29 -
A World-Famous Neuroscientist Says This 1 Mindset Is the Key to Happiness and Wealth
And a top banking CEO agrees.Business - Inc. - October 31 -
Trump's wealth slumps by $1.9 billion amid DJT stock plunge
Trump Media & Technology Group's stock, which trades under DJT, is plunging just days before the November 5 election.Top stories - CBS News - October 31 -
Weight loss drug industry injects wealth into Novo Nordisk home country
Drugs Ozempic and Wegovy have slimmed down Hollywood stars — and millions of non-celebrities worldwide— while adding great heft to the economy of Novo Nordisk's home country, Denmark.Top stories - CBS News - 5 days ago -
5 Steps to Experience More Wealth Than You Might Ever Imagine
Find true riches in simply being present.Business - Inc. - 3 days ago -
Trump’s victory adds record $64bn to wealth of richest top 10
Share surge increases Elon Musk’s fortune by $26bn in a day as Jeff Bezos, Sergey Brin and Bill Gates also benefit. US elections – latest updates The wealth of the 10 richest people in the ...World - The Guardian - 2 days ago -
Writing wills may help to narrow the racial wealth gap
If Black families wrote wills at the same rate as white, how much would it help?Business - MarketWatch - 2 days ago -
Vivian Tu, the ‘Wall Street Girly,’ Wants to Make Wealth More Accessible
Vivian Tu is one of a new wave of female influencers who are using TikTok and Instagram to spread the message of personal finance to millennials and Generation Z.Business - The New York Times - 8 hours ago -
Vivian Tu, the ‘Wall Street Girly,’ Wants to Make Wealth More Accessible
Vivian Tu is one of a new wave of female influencers who are using TikTok and Instagram to spread the message of personal finance to millennials and Generation Z.Top stories - The New York Times - 2 hours ago -
Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.Business - CNBC - October 16 -
A lot of your personal wealth is tied up in your employer. How to spread out the risk.
Direct indexing and individualized portfolios can help an investor avoid overexposure to an employer’s stockBusiness - MarketWatch - October 19 -
Britain’s wealth gap is growing, its malign effects seep into all aspects of life. It’s a national disaster | Will Hutton
Wealth distribution reeks of unfairness and poses as big a threat to the country’s wellbeing as climate change. Britain is a wealthy country, but the gap between our richest and poorest 10% is now, ...World - The Guardian - October 20 -
Tom Brady brings a wealth of football acumen, aura to Raiders franchise after joining ownership group
Raiders owner Mark Davis will lean on the GOAT for QB advice and much moreSports - CBS Sports - October 20 -
Ex-Abercrombie CEO used power, wealth and influence to traffic vulnerable men, prosecutors say
Prosecutors in the US said the men used force, fraud and coercion to engage in "violent and exploitive" sexual acts.Top stories - BBC News - October 23 -
Elon Musk’s wealth sees record two-day swell as Tesla’s stock surges
The EV giant’s stock is seeing the biggest two-day price gain in its history, adding $38 billion to Musk’s wallet.Business - MarketWatch - October 26 -
Our perverse respect for immense wealth allows Musk and Zuckerberg to run riot | John Naughton
The megalomaniacs who control X and Facebook are only able to pollute the public sphere and undermine democracy because of our deference to money. There are two kinds of aphrodisiac. The first is ...World - The Guardian - October 26 -
Vista's Robert Smith: How to prevent AI from further widening the racial wealth gap
. If current trends hold, the new wealth created by generative AI alone will increase the racial wealth gap by $43 billion annually, according to McKinsey.Business - CNBC - October 29 -
Guyana citizens to receive £370 each in payouts from ‘mind-boggling’ oil wealth
Country has been enjoying historic growth in economy, which has tripled since it started crude oil extraction in 2019. Hundreds of thousands of Guyana citizens living at home and abroad will ...World - The Guardian - 3 days ago