Sun. May 31st, 2026
Trending News: RIAs Expand ETF Holdings as Real Assets Gain Portfolio ShareOpenAI Gives Japanese Banks Access to GPT-5.5 for Cybersecurity DefenseNvidia and Microsoft Poised to Bring Nvidia-Powered Windows PCs to MarketVantage Launches Virtual Card Service as Brokers Push Card-Based Payment Use CasesEU’s Six Biggest Economies Back Centralized Capital Markets Supervision in Push to Deepen Financial IntegrationYieldMax to Liquidate Four Option-Income ETFs as Issuer Prunes Product LineupUAE Real GDP Grows 6.2% as Non-Oil Economy Extends Diversification MomentumLaurentian Bank Posts Q2 Loss as Deal Costs Weigh on Strategic PivotSchwab’s Wealth Advice Expansion Tests Its Relationship With Independent RIAsHuawei Pushes New Chip Architecture Strategy to Work Around U.S. Export ControlsBHP Port Hedland Electrical Workers Threaten Strike, Raising Iron Ore Export RiskVisa Adds Accounts Receivable Automation to Its Commercial Solutions HubUniCredit Builds SRT Capital Relief Into Loan Pricing StrategyAmerican Century Debuts Securitized Credit ETF for Core Bond AllocationsU.S. Core Capital Goods Orders Fall, Testing AI-Led Investment StrengthAsian Paints and IndiGo Among 700-Plus Firms Scheduled to Report Q4 FY26 Results FridayBusiness with a Purpose Makes the Case for a New Kind of CompanyIFP Securities Owner Pitches Advisor-Led Succession Plan for 279-Adviser FirmGoogle Appeals U.S. Search Monopoly Ruling as Antitrust Fight Moves to Higher CourtApollo’s $2 Billion Bodycote Approach Puts UK Take-Private Wave Back in FocusMoonPay Adds Hyperliquid to Gateway for One-Click Fiat-to-Token PurchasesSchroders Seeks China Approval to Transfer Three Funds to Neuberger BermanPacer Adds Bloomberg Tools to Automate High-Volume ETF RebalancesU.S. Manufacturing Activity Hits Four-Year High as Cost Pressures BuildTarget Raises Sales Outlook After Strongest Comparable Growth in YearsWells Fargo Advisors Adds $9.6 Billion in Client Assets From Rival FirmsTexas Sues Meta and WhatsApp Over Encryption Privacy ClaimsHyundai Recalls More Than 421,000 U.S. Vehicles Over Software Brake IssueBank of England Weighs Stablecoin Rule Alternatives After Industry PushbackOCC Issues May Enforcement Actions Including BSA Order Against Community Federal Savings BankYieldMax Group 1 ETF Payouts Put Return-of-Capital Mix Back in FocusUK Retail Sales Post Steepest Drop in Nearly a Year as Fuel Purchases SlideWilliams-Sonoma Reiterates Outlook as First-Quarter Comparable Revenue RisesSamsung Shares Jump After Tentative Union Deal Averts Chip-Supply Strike RiskEasyJet Flags Continued War-Linked Fuel Pressure After First-Half LossUBX Tanzania Extends ACI Worldwide Partnership to Expand Digital Payments CapacitySaba Wins Full Tender Offer at Schroder UK Mid Cap FundGraniteShares Adds Autocallable ETFs Tied to Palantir and RobinhoodFrance PMI Slumps as Services Downturn Raises Recession RiskTJX Lifts Annual Sales and Profit Forecasts as Shoppers Keep Hunting for ValuebQuest Launches Aging-Care Lead Tool as Advisors Look Beyond Portfolio ManagementSberbank Looks to Chinese Chips to Power Russia’s GigaChat AI ModelEU Reaches Deal to Cut U.S. Import Duties and Avert Tariff EscalationQivalis Euro Stablecoin Project Wins Backing From 37 BanksCommerzbank Investors and Staff Push Back Against UniCredit Takeover BidBarclays Warns U.S. Equity Fund Inflow Surge Could Leave Market ExposedUK Inflation Slows to 2.8% as Energy Price Cap Offsets Fuel ShockIridex Affirms 2026 Guidance as Glaucoma Product Sales Offset Retina WeaknessPrivate Wealth Management Association Names New Executive Committee LeadershipMeta Details May 20 Restructuring Plan in Internal DocumentUber Raises Delivery Hero Stake, Becoming German Group’s Biggest ShareholderRaymond James Recruits Denver and Kansas City Advisor Teams With More Than $1 BillionU.S. and China Discuss AI Guardrails for Powerful Models, Bessent SaysGamma Communications Shares Rise as Multiple Takeover Suitors Circle UK Telecom FirmSlice Opens AI-Powered Phygital Banking Branch in GuwahatiAllianzGI and Royal London Hold Gilt Bets as UK Political Risk Rattles Bond MarketGold ETF Demand Shifts Overseas as U.S. Buying CoolsIndia Restricts Silver Imports in Bid to Curb Import Bill and Support RupeeRBC Bearings Guides for Double-Digit Fiscal First-Quarter Sales GrowthSchwab Client Assets Rise to $12.61 Trillion in April Activity UpdateU.S. Clears Nvidia H200 Chip Sales to Chinese Firms but Deliveries Remain StalledBlackstone and CD&R Explore Bids for Ben & Jerry’s Owner Magnumi2c and CoinZoom Partner on Global Crypto-Enabled Debit Card ProgramPolish Lawmakers Adopt Crypto Regulation as Exchange Fraud Probe DeepensETF.com Daily Flow Data Shows ARKK Leading Fresh InflowsJapan Seen Extending Growth Streak as Exports Cushion Pre-War ShockMerck KGaA Raises 2026 Profit View on Stronger Lab-Supplies MomentumRitholtz and Franklin Templeton Launch Porterhouse Equity SMA for Wealth ClientsIBM Adds Managed Red Hat AI Inference and OpenShift Virtualization Services to Cloud PortfolioToyota Seeks Approval for $2 Billion Texas Assembly Line Expansionequipifi Lands $34 Million to Push Bank-Embedded Buy Now, Pay Later Across U.S. Credit UnionsJPMorgan Reshuffles Investment Bank Leadership as Dealmaking Pipeline Rebounds21Shares Launches TKNS as Its First Actively Managed Crypto ETFFed’s Schmid Calls Inflation the Most Pressing Risk to U.S. EconomyCanada Goose Issues Cautious Sales Outlook as Luxury Shopper Demand SoftensLido Advisors Acquires $1 Billion Jackson Hole Capital in Tulsa Wealth PushBroadcom Sues EU Regulators Over Demand for U.S. Legal DocumentsS&P 500 and Nasdaq Close at Records as Chip Stocks Defy Hotter Inflation DataJPMorgan Asset Management Launches Second Tokenized Money Market Fund on EthereumEnvestnet CEO Says AI Is Moving Advisers Toward Predictive Client ActionsPentagon Deploys Anthropic’s Mythos Cyber Model Despite Planned Vendor ShiftIndia Central Bank Chief Signals Readiness to Act if Oil-Driven Inflation PersistsSiemens Profit Misses Forecasts but Order Surge Keeps 2026 Outlook IntactUBS Says Asia-Pacific Heirs Are Turning to Wealth Managers for Succession PlansMeta Loses EU Court Fight Over Payments to Italian News PublisherseBay Rejects GameStop’s $56 Billion Takeover Bid as Not CredibleEmbat Raises €30 Million Series B to Scale AI Treasury Management PlatformStonepeak to Buy BMO Transportation and Vendor Finance in Asset-Based Lending DealState Street’s Four ETF Closures Reach Final Creation DeadlineU.S. April CPI Expected to Hit Fastest Annual Pace Since 2023 as Energy Costs SurgeSiemens Energy Accelerates Buyback After Quarterly Cash Flow SurgeMorningstar and PitchBook Bring Perplexity AI Into Advisor Research WorkflowsCanvas Breach Reaches U.S. Classrooms as Schools Contact Hackers, Source SaysWoodside’s Delayed Browse LNG Project Cost Estimate Rises to $35 BillionIndonesia and China Launch QR Payment Linkage Through Alipay+ and UnionPayHSBC Reviews Lending Policies After $400 Million Fraud Hit Exposes Private-Credit LinkagesDRAM ETF Pulls In $1.1 Billion as AI Memory Trade Drives Daily Fund FlowsBIS Warns Governments Against Broad Fiscal Stimulus as Inflation Risks RisePlains All American Lifts 2026 EBITDA Guidance After First-Quarter Pipeline ResultsWealthy U.S. Homeowners Seek Faster Access to Home Equity in Financial Plans
Wall Street, New York, USA
Sun. May 31st, 2026
Trending News: RIAs Expand ETF Holdings as Real Assets Gain Portfolio ShareOpenAI Gives Japanese Banks Access to GPT-5.5 for Cybersecurity DefenseNvidia and Microsoft Poised to Bring Nvidia-Powered Windows PCs to MarketVantage Launches Virtual Card Service as Brokers Push Card-Based Payment Use CasesEU’s Six Biggest Economies Back Centralized Capital Markets Supervision in Push to Deepen Financial IntegrationYieldMax to Liquidate Four Option-Income ETFs as Issuer Prunes Product LineupUAE Real GDP Grows 6.2% as Non-Oil Economy Extends Diversification MomentumLaurentian Bank Posts Q2 Loss as Deal Costs Weigh on Strategic PivotSchwab’s Wealth Advice Expansion Tests Its Relationship With Independent RIAsHuawei Pushes New Chip Architecture Strategy to Work Around U.S. Export ControlsBHP Port Hedland Electrical Workers Threaten Strike, Raising Iron Ore Export RiskVisa Adds Accounts Receivable Automation to Its Commercial Solutions HubUniCredit Builds SRT Capital Relief Into Loan Pricing StrategyAmerican Century Debuts Securitized Credit ETF for Core Bond AllocationsU.S. Core Capital Goods Orders Fall, Testing AI-Led Investment StrengthAsian Paints and IndiGo Among 700-Plus Firms Scheduled to Report Q4 FY26 Results FridayBusiness with a Purpose Makes the Case for a New Kind of CompanyIFP Securities Owner Pitches Advisor-Led Succession Plan for 279-Adviser FirmGoogle Appeals U.S. Search Monopoly Ruling as Antitrust Fight Moves to Higher CourtApollo’s $2 Billion Bodycote Approach Puts UK Take-Private Wave Back in FocusMoonPay Adds Hyperliquid to Gateway for One-Click Fiat-to-Token PurchasesSchroders Seeks China Approval to Transfer Three Funds to Neuberger BermanPacer Adds Bloomberg Tools to Automate High-Volume ETF RebalancesU.S. Manufacturing Activity Hits Four-Year High as Cost Pressures BuildTarget Raises Sales Outlook After Strongest Comparable Growth in YearsWells Fargo Advisors Adds $9.6 Billion in Client Assets From Rival FirmsTexas Sues Meta and WhatsApp Over Encryption Privacy ClaimsHyundai Recalls More Than 421,000 U.S. Vehicles Over Software Brake IssueBank of England Weighs Stablecoin Rule Alternatives After Industry PushbackOCC Issues May Enforcement Actions Including BSA Order Against Community Federal Savings BankYieldMax Group 1 ETF Payouts Put Return-of-Capital Mix Back in FocusUK Retail Sales Post Steepest Drop in Nearly a Year as Fuel Purchases SlideWilliams-Sonoma Reiterates Outlook as First-Quarter Comparable Revenue RisesSamsung Shares Jump After Tentative Union Deal Averts Chip-Supply Strike RiskEasyJet Flags Continued War-Linked Fuel Pressure After First-Half LossUBX Tanzania Extends ACI Worldwide Partnership to Expand Digital Payments CapacitySaba Wins Full Tender Offer at Schroder UK Mid Cap FundGraniteShares Adds Autocallable ETFs Tied to Palantir and RobinhoodFrance PMI Slumps as Services Downturn Raises Recession RiskTJX Lifts Annual Sales and Profit Forecasts as Shoppers Keep Hunting for ValuebQuest Launches Aging-Care Lead Tool as Advisors Look Beyond Portfolio ManagementSberbank Looks to Chinese Chips to Power Russia’s GigaChat AI ModelEU Reaches Deal to Cut U.S. Import Duties and Avert Tariff EscalationQivalis Euro Stablecoin Project Wins Backing From 37 BanksCommerzbank Investors and Staff Push Back Against UniCredit Takeover BidBarclays Warns U.S. Equity Fund Inflow Surge Could Leave Market ExposedUK Inflation Slows to 2.8% as Energy Price Cap Offsets Fuel ShockIridex Affirms 2026 Guidance as Glaucoma Product Sales Offset Retina WeaknessPrivate Wealth Management Association Names New Executive Committee LeadershipMeta Details May 20 Restructuring Plan in Internal DocumentUber Raises Delivery Hero Stake, Becoming German Group’s Biggest ShareholderRaymond James Recruits Denver and Kansas City Advisor Teams With More Than $1 BillionU.S. and China Discuss AI Guardrails for Powerful Models, Bessent SaysGamma Communications Shares Rise as Multiple Takeover Suitors Circle UK Telecom FirmSlice Opens AI-Powered Phygital Banking Branch in GuwahatiAllianzGI and Royal London Hold Gilt Bets as UK Political Risk Rattles Bond MarketGold ETF Demand Shifts Overseas as U.S. Buying CoolsIndia Restricts Silver Imports in Bid to Curb Import Bill and Support RupeeRBC Bearings Guides for Double-Digit Fiscal First-Quarter Sales GrowthSchwab Client Assets Rise to $12.61 Trillion in April Activity UpdateU.S. Clears Nvidia H200 Chip Sales to Chinese Firms but Deliveries Remain StalledBlackstone and CD&R Explore Bids for Ben & Jerry’s Owner Magnumi2c and CoinZoom Partner on Global Crypto-Enabled Debit Card ProgramPolish Lawmakers Adopt Crypto Regulation as Exchange Fraud Probe DeepensETF.com Daily Flow Data Shows ARKK Leading Fresh InflowsJapan Seen Extending Growth Streak as Exports Cushion Pre-War ShockMerck KGaA Raises 2026 Profit View on Stronger Lab-Supplies MomentumRitholtz and Franklin Templeton Launch Porterhouse Equity SMA for Wealth ClientsIBM Adds Managed Red Hat AI Inference and OpenShift Virtualization Services to Cloud PortfolioToyota Seeks Approval for $2 Billion Texas Assembly Line Expansionequipifi Lands $34 Million to Push Bank-Embedded Buy Now, Pay Later Across U.S. Credit UnionsJPMorgan Reshuffles Investment Bank Leadership as Dealmaking Pipeline Rebounds21Shares Launches TKNS as Its First Actively Managed Crypto ETFFed’s Schmid Calls Inflation the Most Pressing Risk to U.S. EconomyCanada Goose Issues Cautious Sales Outlook as Luxury Shopper Demand SoftensLido Advisors Acquires $1 Billion Jackson Hole Capital in Tulsa Wealth PushBroadcom Sues EU Regulators Over Demand for U.S. Legal DocumentsS&P 500 and Nasdaq Close at Records as Chip Stocks Defy Hotter Inflation DataJPMorgan Asset Management Launches Second Tokenized Money Market Fund on EthereumEnvestnet CEO Says AI Is Moving Advisers Toward Predictive Client ActionsPentagon Deploys Anthropic’s Mythos Cyber Model Despite Planned Vendor ShiftIndia Central Bank Chief Signals Readiness to Act if Oil-Driven Inflation PersistsSiemens Profit Misses Forecasts but Order Surge Keeps 2026 Outlook IntactUBS Says Asia-Pacific Heirs Are Turning to Wealth Managers for Succession PlansMeta Loses EU Court Fight Over Payments to Italian News PublisherseBay Rejects GameStop’s $56 Billion Takeover Bid as Not CredibleEmbat Raises €30 Million Series B to Scale AI Treasury Management PlatformStonepeak to Buy BMO Transportation and Vendor Finance in Asset-Based Lending DealState Street’s Four ETF Closures Reach Final Creation DeadlineU.S. April CPI Expected to Hit Fastest Annual Pace Since 2023 as Energy Costs SurgeSiemens Energy Accelerates Buyback After Quarterly Cash Flow SurgeMorningstar and PitchBook Bring Perplexity AI Into Advisor Research WorkflowsCanvas Breach Reaches U.S. Classrooms as Schools Contact Hackers, Source SaysWoodside’s Delayed Browse LNG Project Cost Estimate Rises to $35 BillionIndonesia and China Launch QR Payment Linkage Through Alipay+ and UnionPayHSBC Reviews Lending Policies After $400 Million Fraud Hit Exposes Private-Credit LinkagesDRAM ETF Pulls In $1.1 Billion as AI Memory Trade Drives Daily Fund FlowsBIS Warns Governments Against Broad Fiscal Stimulus as Inflation Risks RisePlains All American Lifts 2026 EBITDA Guidance After First-Quarter Pipeline ResultsWealthy U.S. Homeowners Seek Faster Access to Home Equity in Financial Plans
Wall Street, New York, USA

All posts by Andrew Ross Sorkin

FinTech
As Anthropic tries to keep pace with OpenAI, it’s also taking on the U.S. government

Anthropic, an AI startup, is contending with scrutiny from U.S. government figures, particularly David Sacks, who criticizes its regulatory stance. The firm emphasizes ethical AI development, contrasting with rival OpenAI’s cooperative governmental approach. The rivalry highlights broader tensions around innovation, regulation, and political affiliations in the competitive U.S. AI landscape.

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Finance
Activist investor Jana Partners takes stake in medical device maker Cooper Companies, WSJ says

Activist hedge fund Jana Partners has acquired a significant stake in Cooper Companies and plans to pressure its leadership for strategic changes to enhance shareholder value. This involvement follows concerns over Cooper’s declining performance and could lead to mergers or operational adjustments aimed at boosting efficiency and market competitiveness. Stock prices reacted positively to the news.

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ETF Street
This ETF strategy could help risk-averse investors ride out wild market swings

The CBOE Volatility Index (VIX) has seen significant turbulence, prompting investors to seek stability. John Burrello from Invesco suggests options-based income funds as effective strategies, offering consistent downside protection and independence from interest rate changes. He emphasizes discerning product selection amid increasing options-based ETFs, highlighting long-term potential in such strategies.

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Economy
Rare earths make gains amid battle to beat China’s dominance

Shares of U.S. rare earth supply chain companies surged as investors responded to China’s tightened export regulations. Governments, especially the U.S. and Australia, are strengthening cooperation to secure alternative supply routes. The shift has invigorated investments in domestic production, reflecting urgency amidst geopolitical tensions and the strategic importance of these resources.

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Earnings
Nestle announces plans to slash 16,000 jobs, stock jumps 9%

Nestlé has announced a restructuring plan that will eliminate 16,000 jobs globally under new CEO Philipp Navratil to streamline operations and enhance efficiency. The company aims for long-term growth, focusing on automation and performance improvement, amid market pressures and a stock decline. Positive earnings indicate potential recovery, especially in key segments.

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Wealth
Few heirs keep their parents’ wealth advisors — most wealthy benefactors don’t mind

Over the next 25 years, an estimated $120 trillion will be inherited, yet only 27% of heirs plan to retain their benefactor’s advisor. Many prefer their own, highlighting a generational gap in wealth management. Communication and education about estate planning are crucial for advisors to engage heirs and ensure smooth wealth transitions.

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Tech
Marc Benioff’s call for troops in SF leads tech investor Ron Conway to leave Salesforce Foundation board

Salesforce CEO Marc Benioff’s comments regarding potential federal troop deployment in San Francisco have triggered backlash, leading venture capitalist Ron Conway to resign from the Salesforce Foundation board. This situation highlights tensions within the tech and philanthropic communities about government enforcement, corporate responsibility in public debates, and alignment of values between leaders and organizations.

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FinTech
Fintech startup Upgrade valued at $7.3 billion in new funding round

Upgrade, founded by LendingClub co-founder Renaud Laplanche, has raised $165 million, boosting its valuation to $7.3 billion. This marks its first funding since 2021. The fintech company has diversified its offerings beyond personal loans, targeting sectors like travel BNPL. Upgrade prepares for an IPO while emphasizing enhanced customer experiences and rapid revenue growth.

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Finance
Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion

Pony.ai has partnered with Stellantis to test self-driving taxis in Europe, starting in Luxembourg. This collaboration combines Pony.ai’s autonomous software with Stellantis’ electric vehicles. The pilot program aims for safe and efficient robotaxi services, gradually expanding to other cities. The initiative reflects a broader trend of automaker-tech partnerships in mobility innovation.

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ETF Street
IPO performance vs. S&P 500 since April market low? It’s not even close

Investors are keen on OpenAI’s IPO, expected in 2028 or 2029. The 2025 IPO market shows strong returns, particularly in AI and crypto sectors, with significant investor interest and thematic excitement. Analysts predict a healthy, sustainable IPO environment, with opportunities across various industries, despite potential risks as market conditions normalize.

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Other Story

Wealth

RIAs Expand ETF Holdings as Real Assets Gain Portfolio Share

RIAs Expand ETF Holdings as Real Assets Gain Portfolio Share
Tech

OpenAI Gives Japanese Banks Access to GPT-5.5 for Cybersecurity Defense

OpenAI Gives Japanese Banks Access to GPT-5.5 for Cybersecurity Defense
General

Nvidia and Microsoft Poised to Bring Nvidia-Powered Windows PCs to Market

Nvidia and Microsoft Poised to Bring Nvidia-Powered Windows PCs to Market
FinTech

Vantage Launches Virtual Card Service as Brokers Push Card-Based Payment Use Cases

Vantage Launches Virtual Card Service as Brokers Push Card-Based Payment Use Cases
Finance

EU’s Six Biggest Economies Back Centralized Capital Markets Supervision in Push to Deepen Financial Integration

EU’s Six Biggest Economies Back Centralized Capital Markets Supervision in Push to Deepen Financial Integration
ETF Street

YieldMax to Liquidate Four Option-Income ETFs as Issuer Prunes Product Lineup

YieldMax to Liquidate Four Option-Income ETFs as Issuer Prunes Product Lineup