Wealth Management Profits

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 stock

Business - 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 more

Sports - 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.

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 - 4 days ago

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 - 4 days ago

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 generations

Business - MarketWatch - 3 days ago

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 - Yesterday

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 - 1 hour ago

Erik ten Hag sacked as Man United manager: Ruud van Nistelrooy to be interim manager ahead of coaching search

The manager's 2-1 loss to West Ham was the final straw

Sports - CBS Sports - 2 days ago

Worried about the election and your investments? Here’s what four top brokerages advise

There’s a lot of messaging going on, but you still have to read between the lines.

Business - MarketWatch - 21 hours ago

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Morgan Stanley rounds off strong earnings season

Business - Financial Times - October 16

Whitbread Aims to Boost Profit, Shareholder Returns

The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and ...

Business - The Wall Street Journal - October 16

ABB Posts Higher Profit, Raises Margin Guidance

The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.

Business - The Wall Street Journal - October 17

CVS replaces CEO as profits, share price suffer

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.

Tele2 Posts Higher Profits; Backs Targets

Tele2 reported a slightly higher third-quarter net profit, helped by growth in revenue from its core telecommunications services, though revenue and underlying earnings were a touch below ...

Business - The Wall Street Journal - October 22

Kering warns on profit as Gucci sales plunge

French luxury group grapples with turnaround at its biggest brand as demand dips in Asia

Business - Financial Times - 6 days ago

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.

Business - CNBC - 6 days ago

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - 6 days ago

Barclays profits rise 23% as dealmaking returns

UK bank lifts guidance for net interest income

Business - Financial Times - 6 days ago

Hasbro’s third-quarter profit beats expectations, but its stock slips

Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.

Business - MarketWatch - 6 days ago

NatWest profits rise by a quarter as lending and deposits grow

Bank also sets aside £245mn in provisions for bad loans, higher than expectations of £173mn

Business - Financial Times - 5 days ago

China’s industrial profits plunge as economic momentum falters

Steep monthly decline in September comes as policymakers battle to restore confidence

Business - Financial Times - 3 days ago

FirstFT: Twin scandals hit PwC’s Asia profits

Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?

World - Financial Times - Yesterday

In Botswana’s Election, Diamond Profits Are a Defining Issue

The party that has governed the country since 1966 could lose power as the economy struggles from a slump in demand for diamonds, which made Botswana an African success story.

World - The New York Times - 21 hours ago

Clariant Third-Quarter Profits Miss Expectations

The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.

Business - The Wall Street Journal - Yesterday

Santander's Profit Beats Expectations on Lower Provisions, Costs

Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...