A handful of the largest U.S. public pensions, such as CalPERS and STRS Ohio, facing increased public scrutiny claim that their compliance with voluntary standards developed for the money management industry—the Global Investment Performance Standards—enhances their integrity and transparency. Pension stakeholders should not be fooled. In 2018, California Public Employees’ Retirement System (CalPERS), the largest
0 Comments
The Standard & Poor’s 500 Index, or simply S&P 500, is a market-capitalization-weighted index of 500 large-cap U.S. companies that make up 80% of U.S. equity by market cap. It is widely regarded as the best gauge of large-cap U.S. equities and often referred to as “the market” because it is comprised of stocks that
0 Comments
The transformative effects of big data, machine learning and AI systems on financial services are undisputed. Algorithmic trading, robo advice and automated underwriting are just a few of the emerging services pushing the industry into uncharted territory. While the rapid pace of change creates new opportunities, regulators, academics and consumer groups have raised concerns about
0 Comments
Telecommunications company AT&T Inc. (T) recently announced to offer new solutions across AT&T’s 5G and Google Cloud’s edge computing portfolio. This expansion of collaboration follows over a year of partnership between AT&T and Google Cloud in developing solutions for enterprises. Following the news release, shares of the company declined marginally to close at $29.02 in
0 Comments
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant to “improve security compliance for all traders.” Bybit Says Companies and Individual Clients Mandated to
0 Comments
At $3.16 billion in June, Texas sales tax collections were 18% higher than the same month a year ago and 10.4% above those in June 2019, State Comptroller Glenn Hegar said. “Monthly state sales tax collections remained exceptionally strong, with receipts from all major sectors other than those related to oil and gas surpassing pre-pandemic
0 Comments
Alphamin Resources (AFM:TSXV, APH:JSE) said today its contained tin production of 2,412 tons was 11% below guidance (2,700 tons), impacted by a low feed grade of 3.2% Sn compared to 3.8% Sn the previous quarter. The company said it produces 4% of the world’s mined from its operation in the Democratic Republic of Congo. “The
0 Comments
A new survey suggests that hedge fund executives, wealth managers, and institutional investors already holding crypto assets intend to increase their holdings. The survey, conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of the 100 investors and wealth managers polled expect to increase their exposure to digital assets between now and
0 Comments
Business analysts, also known as management analysts, work for all kinds of businesses, nonprofit organizations, and government agencies. While job functions can vary depending on the position, the work of business analysts involves studying business processes and operating procedures in search of ways to improve an organization’s operational efficiency and achieve better performance. Business analysts
0 Comments
Sharing is Caring! by visualcapitalist The United States relies on a complex mix of energy sources to fuel the country’s various end-sectors’ energy consumption. While this energy mix is still dominated by fossil fuels, there are signs of a steady shift to renewable energy over the past decade. This radial Sankey diagram using data from the EIA (Energy
0 Comments