Innovation in investing is a focus for many firms on Wall Street.
Will Kinlaw, Head of Research & Advisory at State Street Global Exchange, was with us to explain the company's investable indices that they just launched for institutional investors.
State Street is embracing a new investment model, rolling out investable indices. The company announced it had developed and begun licensing rules-based investment strategies for institutional investors.
Kinlaw has stressed that "this is not smart beta or thematic investing." Instead, the firm is focused on an active strategy in rules-driven index.
They are playfully called the “forgotten five”: A handful of toys — the pogo stick, the Fisher-Price Corn Popper, My Little Pony, PEZ dispensers, and Transformers — that regularly approach toybox royalty as finalists for the National Toy Hall of Fame, only to be tossed back on the pile.
Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Hispanic neighborhoods and in rural areas, experts say.
Taylor Swift's concert tour has dominated the box office in recent days and it's also the top-grossing concert film of all time here in the U.S. But a conversation on social media raised questions about movie etiquette and videos shared show film audiences singing, shining their phone flashlights and dancing in the aisles.
Stocks fell at the open Tuesday as the 10-year Treasury yield spiked following retail sales data and bank earnings, raising concerns over more rate hikes. Investors are also keeping an eye on tensions in the Middle East and its potential effect on global markets.
