Italy’s largest insurer Generali and French banking group BPCE have officially scrapped their plan to merge their asset management divisions — a deal that would have created Europe’s largest asset manager by revenue. The companies signed a non-binding agreement in January to combine Generali Investment Holding (GIH) with Natixis Investment Managers, but said on Thursday...
In a landmark partnership that could reshape the future of Hollywood content creation, Disney is investing $1 billion in OpenAI and licensing iconic characters — including those from Star Wars, Marvel, and Pixar — for use in OpenAI’s Sora AI video generator. The three-year deal marks one of the most significant collaborations between a major...
After three months of slowing momentum, equity mutual fund inflows in India surged 21% month-on-month in November to ₹299.11 billion ($3.31B), driven by strong corporate earnings, steady economic growth, and easing inflation. Systematic Investment Plan (SIP) contributions remained near record highs at ₹294.45 billion, continuing a powerful trend that has supported the equity market since...
Elon Musk has fueled fresh speculation about a potential SpaceX IPO, responding on X to Ars Technica journalist Eric Berger with: “As usual, Eric is accurate.” Berger had shared an article outlining why SpaceX may be preparing to go public soon — echoing multiple media reports that the rocket-maker is exploring a 2026 IPO. 🔹...
The UK’s Financial Conduct Authority (FCA) will ease rules on how financial advice can be delivered to consumers starting April, aiming to strengthen the country’s historically weak retail investment culture. Under the new framework — called “targeted support” — advisers will be able to guide consumers on saving and investing without conducting full, individualized assessments....
💵 Investors See Relief Ahead as the Fed Resumes T-Bill Purchases to Ease Money-Market Strains The Federal Reserve is set to expand its balance sheet again — this time by buying short-dated Treasury bills — in a move expected to calm recent liquidity pressures in U.S. money markets. Beginning December 12, the Fed will purchase...