trillion
The latest edition of the State of the Market: Future of Retail Products Report by ISS Market Intelligence presents a forecast for the global asset management industry, predicting a steady increase in assets under management (AUM) to $43.6 trillion by 2029. This represents an annualized growth rate of 7.1 percent…
By Simon Jessop and Pesha Magid RIYADH (Reuters) – Restoring the world’s degraded land and holding back its deserts will require at least $2.6 trillion in investment by the end of the decade, the U.N. executive overseeing global talks on the issue told Reuters, quantifying the cost for the first…
China has announced a local government debt rescue program days after Trump won the US election.Trump has threatened tariffs of 60% on Chinese goods, complicating China’s economic gloom.China’s economy faces multiple issues, including a property crisis and high youth unemployment. China announced a debt rescue program to the tune of…
By Arasu Kannagi Basil and Davide Barbuscia (Reuters) -BlackRock’s assets under management hit a record high for the third straight quarter as a U.S. stock market rally boosted inflows, while the world’s largest asset manager continued a push to expand its footprint in private markets. Assets managed by BlackRock (NYSE:)…
By Suzanne McGee (Reuters) – Assets in actively managed exchange-traded funds (ETFs) worldwide hit a record $1 trillion at the end of August, according to data provider ETFGI, boosted by easier regulations and a wave of product innovation. Active ETFs seek to outperform the indexes they are benchmarked to, including…
By Jonathan Stempel (Reuters) – The market value of Berkshire Hathaway (NYSE:) surpassed $1 trillion on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett built over nearly six decades into what many consider a proxy for the American economy. Berkshire joined six other U.S. companies, all in or…
Industrial manufacturers make materials like aluminum and glass for everything from beverage containers to aircraft parts. They’re also responsible for 17% of global carbon dioxide emissions, according to recent research published in PNAS Nexus.That’s a problem. Countries are struggling to cut CO2 emissions as the climate crisis worsens. And switching…
Business Insider chief tech correspondent Ashley Stewart wrote a story this week based on what seemed like a pretty innocuous topic.It was about a CIO at a pharmaceutical company who had employees try Microsoft’s 365 Copilot AI-powered productivity software. After 6 months, he cancelled because the new features weren’t worth…
By David Lawder BELEM, Brazil (Reuters) – U.S. Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050, far above current annual financing, but that filling the gap is the biggest economic opportunity of the…
Investing.com– Major Asian chipmaking stocks and Nvidia suppliers rose sharply on Thursday, tracking an overnight rally in the market darling amid renewed optimism over artificial intelligence. NVIDIA Corporation (NASDAQ:) surged to an over $3 trillion valuation for the first time on Wednesday, overtaking Apple Inc (NASDAQ:) to become the second-most…
