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Vithun Khamsong | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Investment firms of the ultra-rich are increasingly investing in alternative assets like real estate and venture…
Anna Barclay | Getty Images President Donald Trump’s Truth Social platform moved a step closer to having a bitcoin exchange-traded fund available to everyday investors. NYSE Arca, the all-electronic arm of the New York Stock Exchange that handles most ETF trading, filed on Tuesday to list a bitcoin fund linked to the president’s media company,…
U.S. President Donald Trump and Boeing CEO Kelly Ortberg attend a signing ceremony with Qatar’s Emir Tamim bin Hamad Al Thani (not pictured), in Doha, Qatar, May 14, 2025. Brian Snyder | Reuters More than 30 business leaders representing America’s top companies joined President Donald Trump on Tuesday for a lunch in Saudi Arabia during…
Saudi Crown Prince Mohammed Bin Salman reacts next to U.S. President Donald Trump during the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Brian Snyder | Reuters The plenary room of the Ritz Carlton Riyadh was packed to the brim on Tuesday as guests awaited the arrival of U.S. President Donald Trump and…
Wall Street’s biggest firms on Friday attempted the tricky two-step of revealing the toll of President Trump’s whiplash tariff policy without outright criticizing a man who has repeatedly tangled with the financial industry for slights both real and imagined. “Obviously,” Jamie Dimon, JPMorgan Chase’s chief executive said in a conference call with reporters. “the China…
Private assets currently account for less than 1% of assets in 401(k)s and other defined contribution plans, but some major asset managers and plan administrators want to increase that share. “We are seeing institutions worldwide blend public and private markets, and in many cases, it’s been a great investment,” said Larry Fink, chairman and CEO…
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023. Justin Sullivan | Getty Images Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange’s first institutional investment and the “single largest investment” ever paird in crypto. In a joint press release, the firms…
US President Donald Trump speaks during an address to a joint session of Congress at the US Capitol in Washington, DC, on March 4, 2025. Mandel Ngan | Via Reuters President Donald Trump on Tuesday touted the U.S. asset management firm BlackRock’s deal to buy two Panama Canal ports as a positive step in his…
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025. Dado Ruvic | Reuters President Donald Trump wants a U.S. investor to take a major stake in ByteDance’s TikTok. Several parties are in contention even as potential buyers face a litany of legal hurdles…
As the second presidency of Donald J. Trump begins, America’s largest banks and asset managers have abandoned one of the most overt symbols of their commitment to reaching green goals: climate action networks. In the month leading up to Mr. Trump’s inauguration on Monday, the six largest U.S. banks, including JPMorgan and Goldman Sachs, left…
