A Likely Electoral ‘Blue Sweep’ Will Steepen Yield Curve, Credit Suisse Says
With Democrats ruling the White House and Congress, bigger federal spending should spur yield-raising inflation, report contends.
News
Brown’s Endowment Is Killing It
Portfolio returns over 12% for fourth straight year. Dartmouth’s earns 7.6% in 2020.
SEC Charges Biotech Head with Using Pandemic to Defraud Investors
Arrayit's president said to lie about firm having COVID-19 blood test.
Don’t Sweat the Stimulus Delay, Morgan Stanley Sage Says
Trump’s axing relief package talks till after the election won’t harm the recovery, Mike Wilson argues.
PBGC to Allow Greater Flexibility for Variable-Rate Premium Filings
Agency said move was needed because CARES Act didn’t provide special rules for PBGC premiums.
Aiming to Boost Diversity, Canadian Institutions to Monitor Corporate Behavior
A group of funds holding roughly $2.3 trillion say they will make demands on companies whose stocks are in their portfolios.
Cambridge University to Divest from Fossil Fuels by 2030
University also vowed to reduce its greenhouse gas emission to zero by 2038.
CalSTRS Allocates $1 Billion to Direct Lending Firm Owl Rock Capital
The mandate includes opportunistic credit and diversified lending strategies.
CPPIB Continues to Bulk Up on Renewable Energy
Canadian pension giant invests twice as much in renewable energy in 2020 as it did in 2019.
Investment Firm Head Sentenced to More Than 7 Years in Prison for Pre-IPO Fraud
Fred Elm falsely told investors they could invest in Twitter, Alibaba, and Uber prior to their IPOs.
Op-Ed: We Are Still Living in the Jackie Robinson Age of Financial Services
Only a small, select group of Black professionals gets to advance to the C-suites of firms. White men get a lot more leeway. Nickol Hackett, CIO of the Joyce Foundation, lays out how this can be rectified.
Maybe, Just Maybe, Oil Stocks Aren’t Headed for the Scrap Heap Soon
The need for oil and gas will be around for a while, and their suffering stocks are far from lost causes, Wells Fargo argues.
JPMorgan Chase to Pay Nearly $1 Billion to Settle Trade Manipulation Charges
Bank avoids criminal charges by agreeing to record $920.2 million CFTC fine and a $35 million SEC fine.
4 Industry Moves at Brown Brothers Harriman, Kresge Foundation, Wespath
Here are some of the biggest people switches in the industry from the past month.
October Surprise: Market Reaction to Trump Illness Is Muted
Perhaps the small losses show investors think not much will change in the presidential race.