Polymarket Appoints First Finance Chief Amid U.S. Growth Plans
Warren Jenson, who previously served as finance chief of Amazon, Electronic Arts, Delta Air Lines and NBC during the '90s and early 2000s, has been appointed as Polymarket's first chief financial officer.
----
Bain Capital-Backed Envestnet to Acquire Vestmark in Major Wealthtech Merger
The two wealth management technology providers together support $10 trillion in assets.
----
A University's Distaste for Hedge Funds Created This New ETF. It's Still Risky.
State Street has an ETF that invests 90% of assets in the S&P 500 and 10% in investment-grade corporate bonds. But it's a concentrated bet on AI.
----
Derailing the AI train will be surprisingly difficult, according to Bank of America
Proprietary measures of risk and investor anxiety - alongside historical perspective - persuade the bank that euphoria surrounding the AI trade has not reached bubble proportions.
----
Investors are missing the good news right in front of them, this Wall Street strategist argues
Investors may have underappreciated just how strong second-quarter earnings were.
----
Financial Services Roundup: Market Talk
Find insight on the ECB, eurozone banks, U.S. Treasury yields and more in the latest Market Talks covering Financial Services.
----
Texas Stock Exchange Is Close to Winning Its First Major Listing From New York
Kelcy Warren's Energy Transfer is preparing to move its primary listing to the nascent exchange.
----
Charles Schwab's Trading Data Shows Investors Dialing Back on Risk
The company's index that tracks investor behavior shows clients became more selective in August about stocks and sectors.
----
Peter Thiel-Backed AI Startup Cognition Raises Funds at $48 Billion Valuation
Artificial-intelligence coding startup Cognition raised $2 billion in a Series E funding round at a valuation of $48 billion.
----
CVC Names TPG's Todd Sisitsky as Co-CEO
The buyout group named TPG executive Todd Sisitsky and company insider Peter Rutland as co-chiefs as it outlined its leadership succession plan.
----
Blackstone's Head of Real Estate Is Leaving the Firm
Nadeem Meghji's departure adds to the list of real-estate executives departing Blackstone over the past three years.
----
Chime to Buy an Oklahoma Community Bank for $590 Million
The deal means that Chime, which was founded in 2012 and has billed itself as a challenger to traditional banks such as JPMorgan Chase, will become a bank itself.