The stock sell-off deepened after weak consumer-spending data fueled recession worries, with the S&P 500 suffering its worst first half since 1970.

Private debt is now the cheaper financing option for big-ticket leveraged borrowers than the ailing public market, upending industry norms.

State Street, PIMCO, Blackstone and other large asset managers said they would pay for employees' travel expenses related to abortion care.

Daniel Yem joined J.P. Morgan Asset Management as a senior investment specialist for business and product strategy in the DC business.

Many institutions are hesitant to invest in commodities, but widespread stock and bond losses could draw them back to the volatile asset.

The West Virginia treasurer threatened to ban six financial institutions from state banking contracts in response to anti-fossil fuel moves.

PIMCO has warned the U.S. Treasury about the fallout on pension funds from the strict sanctions that are pushing Russia toward default.

U.S. stocks hurtled toward a bear market, Treasury yields spiked and the dollar rallied as the fallout from a hot inflation reading continued.

Actively managed exchange-traded funds are seen as a key area of growth for midtier ETF firms.

BlackRock CEO Larry Fink said he expects inflation to remain elevated for several years primarily because of snarled global supply chains.

Fayez Sarofim, the Egyptian-born Texas money manager known for his discerning taste in stocks and fine art, died at age 93.

J.P. Morgan projects sovereign wealth and pension funds will tilt their portfolios in favor of equities in the coming weeks to meet allocation targets.

J.P. Morgan Asset Management hired former Point72 executive Arezu Moghadam as managing director and global head of data science.