DoorDash’s stock fell 14.2% after announcing plans to invest hundreds of millions more into its 2026 growth strategy, unsettling investors already concerned about rising costs. The San Francisco-based delivery giant missed Q3 profit estimates, with total expenses jumping 23% to $3.19B — even as revenue and order volume topped expectations. 🔹 Balancing Growth and Cost...
A new survey by AIMA & PwC shows a striking milestone:➡️ 55% of global hedge funds now hold crypto-related assets — up from 47% last year.➡️ Average allocation: 7% of portfolios, though over half still invest less than 2%. The findings mark a turning point in institutional adoption, powered by U.S. regulatory normalization and renewed...
Charles Schwab has agreed to acquire Forge Global for $660 million, signaling a major strategic push by Wall Street into the fast-growing market for pre-IPO shares. The $45-per-share offer represents a 72% premium over Forge’s last close — sending the stock up 67% in early trading. 🔹 Why It Matters “Companies are staying private for...
Leading global asset managers overseeing $5 trillion+ — including Amundi, AXA IM, Allianz Global Investors, and Franklin Templeton — are urging UK Finance Minister Rachel Reeves to double the country’s fiscal headroom to £20 billion ($27B) in the upcoming November 26 budget. Their message is clear: credibility and flexibility are the new currency of confidence....
India’s State Bank of India (SBI) and Europe’s Amundi have announced plans to jointly sell a 10% stake in SBI Funds Management through an IPO — marking one of the most anticipated listings in India’s booming capital markets. SBI Funds Management is India’s largest asset manager, commanding 15%+ market share and overseeing ₹120 billion ($1.37B)...
India’s market regulator, SEBI, is signaling flexibility on its plan to sharply cut brokerage fees paid by mutual funds — a move that had drawn strong resistance from brokers and asset managers. Under the initial proposal, SEBI aimed to lower the cap from 12 basis points to just 2 bps for cash market transactions —...