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Broadcom Inc. has announced the launch of the AI XPV Platform, a major initiative designed to deliver more than 20 gigawatts of compute capacity through 2028 using Broadcom’s custom XPUs and networking solutions. Apollo and Blackstone’s Credit & Insurance business are serving as initial anchor investors, with the platform launching with a first tranche of …

Simon Quick Advisors, a registered investment advisor, has raised $60 million in capital funding for its first private equity vehicle, Simon Quick Private Equity Fund I LP.  The fund, which closed on March 31, is targeting $100 million by the end of the year, the independent wealth manager said.  The newly launched fund-of-funds vehicle provides tax and estate planning, investment opportunities, and administration. The fund allows Simon Quick’s investment …

As artificial intelligence continues to dominate the stock market, investors remain cautiously optimistic about AI and view it as a long-term investment. But some remain concerned about near-term risks, and the role AI plays in financial advice, a new study from asset manager Janus Henderson suggests.  Investors have also expressed skepticism about relying on AI for receiving financial recommendations, citing concerns about data security, bias, and overhyped expectations, according to …

Moomoo is expanding its cryptocurrency trading business into Texas while introducing a new feature that allows U.S. users to transfer digital assets directly between external wallets and their platform accounts. The global investment and trading platform said Texas-based investors can now trade 52 cryptocurrencies through Moomoo Crypto with zero commissions and transaction fees as low …

Modern Wealth Management has agreed to acquire Flaharty Asset Management, a Clearwater, Florida-based wealth management firm overseeing approximately $1.1 billion in advisory and brokerage assets, further expanding the firm’s presence in one of its key growth markets. The transaction brings an 18-person team, including nine advisors, to Modern Wealth. Led by Shon Flaharty and Hunter …

Arax Advisory Partners, a unit of Arax Investment Partners, has acquired a Florida-based wealth management and tax advisory firm, expanding its footprint in the state’s market.  Coral Gables, FL-based Millares Asset Management, founded in 1999, is led by the firm’s co-founder Maria Millares, and includes her two sons, co-founder Ruben and wealth advisor Javier.  Millares manages about $236 million in assets under management across …

Employers added 172,000 jobs in May, well above the 88,000 consensus estimate, while the unemployment rate held steady at 4.3%, according to the U.S. Bureau of Labor Statistics. Job gains for March and April were revised higher by a combined 93,000, further strengthening the overall trend. Hiring was broad-based across key sectors. Leisure and hospitality …

Executive Summary U.S. Treasury yields have surged to multi-year highs, driven not by inflation expectations but by rising real yields — a distinction with significant implications for portfolio strategy. The 10-year TIPS yield stands at 2.05%, while the nominal 10-year yield recently reached a cycle peak of 4.67%. With the Gulf crisis introducing a wide …

Modern Wealth Management has agreed to acquire Flaharty Asset Management, a Clearwater, Florida-based wealth management firm overseeing approximately $1.1 billion in advisory and brokerage assets, further expanding the firm’s presence in one of its key growth markets. The transaction brings an 18-person team, including nine advisors, to Modern Wealth. Led by Shon Flaharty and Hunter …

The U.S. securities industry is expanding on nearly every measurable front, with more professionals, higher trading volumes and surging options activity, even as the number of firms continues to shrink due to ongoing consolidation, according to FINRA’s 2026 Industry Snapshot released by the Financial Industry Regulatory Authority. Registered representatives reached 639,723 in 2025, a 5% …

Broadcom Inc. has announced the launch of the AI XPV Platform, a major initiative designed to deliver more than 20 gigawatts of compute capacity through 2028 using Broadcom’s custom XPUs and networking solutions. Apollo and Blackstone’s Credit & Insurance business are serving as initial anchor investors, with the platform launching with a first tranche of …

EQT is preparing to launch its next flagship infrastructure fund with a target of €21 billion, or approximately $24.5 billion, positioning the strategy among the largest infrastructure fundraising efforts globally. The Stockholm-based investment firm disclosed the target for EQT Infrastructure VII but did not specify a launch date or hard cap. During its first-quarter earnings …

The U.S. securities industry is expanding on nearly every measurable front, with more professionals, higher trading volumes and surging options activity, even as the number of firms continues to shrink due to ongoing consolidation, according to FINRA’s 2026 Industry Snapshot released by the Financial Industry Regulatory Authority. Registered representatives reached 639,723 in 2025, a 5% …

Altruist is expanding its wealth management platform with new alternative investment capabilities and a suite of enhanced advisor tools designed to help financial advisors manage client portfolios more efficiently from a single platform. The company announced that advisors can now access alternative investment strategies across private equity, real estate and infrastructure from leading asset managers …

Hamilton Lane has made a strategic investment in Republic, an on-chain global investment platform, deepening a partnership aimed at expanding access to private markets through tokenization and digital infrastructure.  The investment reflects Hamilton Lane’s broader strategy to modernize private markets distribution and reach a more diverse investor base, particularly as demand grows for retail access to institutional-quality …

Mastercard has agreed to acquire BVNK, a stablecoin payments infrastructure firm, in a deal valued at up to $1.8 billion, including $300 million in contingent payments.   The move deepens Mastercard’s end‑to‑end support for digital assets and value movement across currencies, rails and regions, as rising regulatory clarity and broader stablecoin adoption create openings for card networks to push beyond traditional card rails …

Executive Summary U.S. Treasury yields have surged to multi-year highs, driven not by inflation expectations but by rising real yields — a distinction with significant implications for portfolio strategy. The 10-year TIPS yield stands at 2.05%, while the nominal 10-year yield recently reached a cycle peak of 4.67%. With the Gulf crisis introducing a wide …