Markets News 

As asset management growth grinds to a halt, firms have to get creative. Here are the 3 avenues analysts say will best boost revenue.

“New technology: asset managers are taking over some of the work that financial advisers and other groups previously did in distribution, enabled by technology” writes Meghan Morris for businessinsider.com. Asset managers face a dismal outlook, as investors turn to lower-fee products and shareholders demand bottom-line growth and lower costs.”Today, the bulk of foreign asset managers’ emerging market client assets under management is sourced from large public funds investing into Western markets,” the analysts wrote.”Asset managers will increasingly find themselves up against technology players in the solutions space,” the report said.Increasing…

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News Stocks 

S&P 500, Nasdaq close at 5-month high on China trade, global growth optimism

“Consumer sentiment rose in March to 97.8 from 93.8 in February, according to a preliminary reading of the University of Michigan consumer sentiment index” writes Markets Reporter for marketwatch.com. The S&P 500 index SPX, +0.41% climbed 14 points, or 0.5%, to 2,822.48 and the Nasdaq Composite Index COMP, +0.76% advanced 57.62 points, 0.8%, to 7,688.53.U.S. stocks closed higher Friday, with the S&P 500 and the Nasdaq finishing at five-month highs, as market sentiment was buoyed by encouraging headlines on U.S.-China trade negotiations and Chinese assurances of forthcoming economic stimulus. Source: marketwatch.com

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News 

U.S. job openings rise, outnumbering the unemployed by 1 million

“The economy grew at a healthy clip last year of 2.9%, the fastest pace in four years” writes Associated Press for latimes.com. But trade tensions with China, slowing global growth and signs of caution among consumers have weighed on the economy early this year. Many economists forecast that the pace of growth could fall below 1% in the current quarter. Source: latimes.com

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News Stocks 

Stocks gain on China trade, global growth optimism; Boeing shares lift Dow

“Consumer sentiment rose in March to 97.8 from 93.8 in February, according to a preliminary reading of the University of Michigan consumer sentiment index” writes Markets Reporter for marketwatch.com. The gains would mark the biggest weekly gain since the period ended Feb. 15, according to FactSet data.BIOS, -24.93% shares sank 26% after the company announced a deal to merge with privately held Option Care Enterprises Inc.U.S. stocks rose Friday as major benchmarks aimed for their most robust weekly gains in a month with sentiment buoyed by encouraging headlines on U.S.-China…

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News Platforms 

Global Investors Eye AltFin, HR Tech With B2B Investments

“The company, based in Singapore, saw the Series B investment led by FMO, based in the Netherlands” reports pymnts.com. Fuel Ventures led the investment round, reports said, with CreditDigital aiming to use the investment to strengthen its product offering and position in the U.K. market.With new funding led by SFW Capital Partners, Greenshades Software said it will focus on expanding its portfolio of products, which currently includes payroll, tax and human capital management services for its corporate customers.Finturi hasn’t officially launched its platform, but reports said the company continues to…

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News Oil 

Oil prices stable amid sanctions and OPEC cuts, but economic concerns drag

“Oil prices were steady on Friday amid support from ongoing supply cuts led by OPEC and U.S. sanctions on Venezuela and Iran, but weighed down by concerns that an economic slowdown will soon start denting growth in fuel demand” writes Lucy Nicholson for cnbc.com. Crude oil use by China’s refineries in the first two months of 2019 rose 6.1 percent from a year earlier to a record 12.68 million bpd, official data showed this week.Meanwhile, a political and economic crisis in Venezuela combined with U.S. sanctions against Venezuela as well…

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News 

Caroline Baum: What’s the cost of smartphone addiction?

“To date, there has been little empirical work by economists on the productivity-damaging effects of smartphone addiction” writes Caroline Baum for marketwatch.com. Other research has found that the symptoms of smartphone addiction align with classic addiction symptoms: loss of control, withdrawal symptoms, and negative effects on our social and work lives.Anything that impedes productivity growth, which has already downshifted to an average of 1.4% since 2004 from the post-World War II average of 2.2%, affects long-term growth and real wages.I’m not sure why economists have been reluctant to examine the…

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News 

What’s the cost of smartphone addiction?

“To date, there has been little empirical work by economists on the productivity-damaging effects of smartphone addiction” writes Caroline Baum for marketwatch.com. Other research has found that the symptoms of smartphone addiction align with classic addiction symptoms: loss of control, withdrawal symptoms, and negative effects on our social and work lives.Anything that impedes productivity growth, which has already downshifted to an average of 1.4% since 2004 from the post-World War II average of 2.2%, affects long-term growth and real wages.I’m not sure why economists have been reluctant to examine the…

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Markets News Stocks 

China’s disappointing data dump weighs on Asia stocks

“Retail sales growth of 8.2% was in line with December but continues to hover at 15-year lows” writes Theron Mohamed for businessinsider.com. Chinese industrial output rose 5.3% in the first two months of 2019, its slowest rate of growth in 17 years, according to Reuters.Asian stocks slid on Thursday after China released a raft of uninspiring industrial, employment and retail data.Fixed-asset investment grew by 6.1% in the first two months of the year, up from 5.9% in the same period of 2018.There were a few bright spots in the data…

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News 

A closely watched outlook just predicted US economic growth is about to crawl at a ‘near-recession pace’

“Similarly, the ongoing US-China trade war and the potentially disastrous fallout from Brexit have increased uncertainty and has contracted global interest rates” writes Callum Burroughs for businessinsider.com. A well known bellweather economic report has predicted that the US economy will slow to recessionary levels in the next year.US growth will slow to 1.7% in 2019, “to a near-recession pace” of 1.1% in 2020, UCLA Anderson senior economist David Shulman wrote in the report.While the global economy started out strong in 2018, signs of its weakening will likely be everywhere by…

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