The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
British hedge fund firm Man Group said on Tuesday that its assets under management rose 19 percent in the first half of 2017, but cautioned growth is set to slow over the next six months.
Total assets under management at the end of the first half of the year were $95.9 billion, up from $80.9 billion at the end of December.
Asset growth was boosted by new investment at lower margins and the acquisition of real estate fund Aalto, which added $1.8 billion.
"The first half was unusual in both the scale of net inflows, and the level of margin compression," said Luke Ellis, Man Group Chief Executive.
"We would expect both to moderate in the second half, particularly given the uneven nature of institutional flows."
Man Group's long-only funds, which aim to profit when markets rise, and its alternatives strategies took in the majority of new assets, adding $4.5 billion and $3.7 billion, respectively, over the first six months.
The only strategy to lose money was discretionary stock-picking unit GLG, from which investors pulled $900 million during the same time period, despite improved performance, with two GLG funds making double-digit returns.
Most of Man Group's funds posted a positive performance with the exception of quantitative unit AHL, which racked up losses in three of its four funds.
Adjusted profit before tax increased by 48 percent to $145 million compared to the first six months of 2016.