Asset management

Days after completing the purchase of E-Trade, CEO James Gorman’s second major transaction of the year aims to bulk up the firm’s asset management arm.

Demand from clients has some advisors reconsidering sustainable investing strategies.

The market for newly minted stocks has exploded this year, with U.S. initial public offerings raising more than $80 billion so far.

Donald Trump has all but promised to dispute the election outcome if he loses. Wall Street’s taking him at his word.

“It’s not just a shiny object, it’s really about content,” the firm’s head of ETFs and indexed strategies said.

That decision was “heavily debated” and so far the company has found that its operations have fared well with remote work, Jose Minaya said at a conference.

The firm’s talent-analytics associate director had claimed the company hired fewer women than men and that she was paid less than her male counterparts.

BlackRock’s CEO said he fears big ideas and impromptu “water-cooler moments” will be lost as businesses operate remotely via video conference calls.

Despite its risks, the fund has become popular with day traders, who pushed its volume to new highs this month, according to a report.

A rising appetite for achieving specific investment objectives, such as sustainable investing, is the main driver behind the projected rise in their popularity.