Sun. May 31st, 2026
Trending News: RBC Wealth Profit Jumps 28% as Client Balances Lift Canadian Bank EarningsDell Raises Forecasts as AI Server Revenue Overtakes PC BusinessCanada Oil Sands Face Fresh Wildfire Risk as Alberta Blazes ReturnSoFi Brings SoFiUSD Stablecoin to Consumer Banking App as U.S. Banks Test Digital Dollar RailsRegulatory Changes May Only Modestly Shrink Fed Balance Sheet, Analysis SuggestsGroww Mutual Fund Launches Smart-Beta ETF Tracking Nifty Smallcap Momentum Quality IndexItaly Unemployment Edges Down to 5.1% as April Employment JumpsPatanjali Foods Q4 Profit Rises 46% as FMCG Mix Cushions Margin PressureRIAs 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 Workflows
Wall Street, New York, USA
Sun. May 31st, 2026
Trending News: RBC Wealth Profit Jumps 28% as Client Balances Lift Canadian Bank EarningsDell Raises Forecasts as AI Server Revenue Overtakes PC BusinessCanada Oil Sands Face Fresh Wildfire Risk as Alberta Blazes ReturnSoFi Brings SoFiUSD Stablecoin to Consumer Banking App as U.S. Banks Test Digital Dollar RailsRegulatory Changes May Only Modestly Shrink Fed Balance Sheet, Analysis SuggestsGroww Mutual Fund Launches Smart-Beta ETF Tracking Nifty Smallcap Momentum Quality IndexItaly Unemployment Edges Down to 5.1% as April Employment JumpsPatanjali Foods Q4 Profit Rises 46% as FMCG Mix Cushions Margin PressureRIAs 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 Workflows
Wall Street, New York, USA

All posts by Andrew Ross Sorkin

FinTech
Walmart-Backed OnePay to Launch Crypto Trading and Custody Services

Walmart’s fintech venture, OnePay, plans to introduce cryptocurrency trading and custody features within its mobile banking app, starting with Bitcoin and Ether. This move aims to position OnePay as a “super app,” merging traditional financial services with digital assets. The integration enhances retail utility and supports financial inclusion for underserved consumers.

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Economy
The Jobs Report That Wasn’t Leaves Economists Guessing

The Bureau of Labor Statistics withheld vital employment data due to the federal government shutdown, leaving economic observers uncertain. This lack of information raises concerns about future job growth and investment decisions. Economists predict muted employment growth, citing private sector indicators pointing to labor market weakness, exacerbated by immigration restrictions and declining demand.

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Economy
Hiring Falls to Lowest Level Since 2009 as Economists Turn to Private Data During Federal Shutdown

As the U.S. government shutdown persists, private sector data reveals a weakening labor market, with hiring and layoffs slowing sharply. Job cuts have surged in 2025, while new hiring intentions plummet to 2009 levels. Economists face uncertainty without official data, raising concerns about consumer confidence and economic resilience going forward.

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FinTech
OpenAI Completes $6.6 Billion Secondary Share Sale, Reaching $500 Billion Valuation

OpenAI completed a $6.6 billion share sale, achieving a valuation of $500 billion, making it the most valuable private company, surpassing SpaceX. Despite a smaller tender than expected, investor confidence is strong. This liquidity event supports employee retention and reflects strategic decisions around private market dynamics and future monetization efforts.

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FinTech
Wealthfront Files for IPO, Signaling Fintech’s Return to Public Markets

Wealthfront Inc. has officially filed for a U.S. IPO, signaling a resurgence of fintech in public markets. Managing $88.2 billion in client assets and earning $308.9 million in revenue, the company aims to position itself among high-profile fintech firms. Its IPO reflects growing investor confidence in sustainable digital finance models.

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Wealth
Dinner with DBS CEO Tan Su Shan Fetches Nearly $15,000 at Sotheby’s Charity Auction

A private dinner with Tan Su Shan, CEO of DBS Group, auctioned for S$18,900, highlighting her influence in finance and philanthropy. The charity event raised over S$2.8 million for the National Gallery Singapore’s programs. The evening emphasized the intersection of art, high finance, and civic engagement within the region’s philanthropic sphere.

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Other Story

Wealth

RBC Wealth Profit Jumps 28% as Client Balances Lift Canadian Bank Earnings

RBC Wealth Profit Jumps 28% as Client Balances Lift Canadian Bank Earnings
Tech

Dell Raises Forecasts as AI Server Revenue Overtakes PC Business

Dell Raises Forecasts as AI Server Revenue Overtakes PC Business
General

Canada Oil Sands Face Fresh Wildfire Risk as Alberta Blazes Return

Canada Oil Sands Face Fresh Wildfire Risk as Alberta Blazes Return
FinTech

SoFi Brings SoFiUSD Stablecoin to Consumer Banking App as U.S. Banks Test Digital Dollar Rails

SoFi Brings SoFiUSD Stablecoin to Consumer Banking App as U.S. Banks Test Digital Dollar Rails
Finance

Regulatory Changes May Only Modestly Shrink Fed Balance Sheet, Analysis Suggests

Regulatory Changes May Only Modestly Shrink Fed Balance Sheet, Analysis Suggests
ETF Street

Groww Mutual Fund Launches Smart-Beta ETF Tracking Nifty Smallcap Momentum Quality Index

Groww Mutual Fund Launches Smart-Beta ETF Tracking Nifty Smallcap Momentum Quality Index