Finance

Blockchain

JPMorgan Launches Tokenized Money-Market Fund

Photo via Jimin Kim/ZUMAPRESS/Newscom

Innovative as the tokenized funds may be for JPMorgan, the bank is actually chasing an existing trend on Wall Street.

2 min read

Photo via Davide Bonaldo/ZUMAPRESS/Newscom

Finance

Do McKinsey Layoffs Signal Trouble for Consulting Industry?

Fellow professional services firms such as Deloitte, Ernst & Young, and KPMG have already undergone significant layoffs.

1 min read
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Media & Entertainment

In Casinos, the House Always Wins. What About Prediction Markets?

Can Kalshi and Polymarket become the massive, all-purpose financial vehicles envisioned by backers or will they be disrupted by regulators?

5 min read
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Industrials

SpaceX May Launch IPO Market To The Moon

SpaceX’s potential monster IPO would come after what’s been a remarkable rebound year for public listings.

2 min read

Finance

Ares Replaces Pop-Tarts Purveyor Kellanova on S&P 500

Photo via Liu Yanan / Xinhua News Agency/Newscom

Ares is a major player in the private-credit market, which is facing both a surge in popularity and mounting concerns.

2 min read

Finance

Low-Key $3T Investment Firm Is Ready for Its Closeup

Photo via Vernon Yuen/Nexpher Images/Sipa USA

In addition to its new team-up with KKR, the LA-based Capital Group is beginning to expand its ETF offerings.

2 min read

Photo via JOHN ANGELILLO/UPI/Newscom

Hedge Funds

Hedge Funds Start to Hedge Their AI Bets

Wall Street’s smart money is starting to take out some short positions on the AI trade, albeit mostly around the industry’s fringes.

2 min read
Photo via Stebo/ZUMAPRESS/Newscom

Banking

Leave the Swiss Alps for the US? That’s a Mountain Too High, UBS CEO says

These days, relations between the Swiss government and UBS are as cold as the La Brévine valley in December.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Ihor Lukianenko via iStock

Finance

Boom in Crypto Treasury Stocks Faces Inevitable Bust

Digital asset treasury companies are grappling with the law of diminishing returns in the midst of a cryptocurrency swoon. What’s next?

4 min read

Healthcare

Abbott Breaks into Lucrative Cancer Screening Market with $21 Billion Exact Sciences Purchase

Photo via Stacey Wescott/TNS/Newscom

Earlier this month, Exact reported a record $851 million in third-quarter revenue, which included $666 million from its screening business.

2 min read

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