Threat to fund managers from Silicon Valley giants has grown, says Unigestion chief

The threat that global technology giants will expand their tentacles into fund management as the use of technology within the industry rises has grown in the past twelve months, says the head of a boutique Swiss fund house. “These companies are very good at...

Distressed retailers total 22, up from 19 in February, Moody’s finds

There appears to be more trouble brewing in the world of retail. The number of distressed retailers will likely grow larger over the next year to 18 months amid a secular shift in the industry, with more defaults expected in the months ahead, a new report from...

Here’s a perfect example of e-commerce players booming, forcing brick-and-mortar retail to adapt

It all happened in one day. Though not directly related, the tale of internet giant Alibaba and that of department store chain Nordstrom portray how the retail landscape is quickly evolving. Alibaba’s shares soared on Thursday after CFO Maggie Wu told a packed...

Sears sues second Craftsman supplier as frustrations with key vendors mount

Sears is in another battle with one of its Craftsman vendors, this time filing a lawsuit against Western Forge — which has worked with the company for more than 50 years — on Monday. The suit was first reported by the Chicago Tribune. With one disagreement...

US household wealth ticks up 1.4 percent to $94.8 trillion

Buoyed by higher stock prices, Americans’ household net worth rose 1.4 percent to $94.8 trillion in the first three months of this year, a trend that could support future spending.The Federal Reserve says that U.S. stock and mutual fund portfolios jumped $1.3...