Nasdaq Rebalance: What You Need To Know
On June 30th, the NASDAQ posted the strongest first six months in the index’s history, dating back to 1971. Being a static index, a rebalance is a rare occurrence, as it has only happened twice since 1998. More about this on Forbes.
China Asks Tech Giants for Case Studies in Sign of Easing
China has asked its largest technology companies to provide case studies of their most successful startup investments in consumer, telecom and media companies, a sign authorities are ready to grant them broader leeway in backing such deals after a crackdown brought them to a virtual halt two years ago. Read on Bloomberg.
Bank Capital Rules Could Hit Wealth Managers Such as Morgan Stanley
Regulators propose raising overall capital requirements for the largest banks. Such moves could have an outsize effect on companies like Morgan Stnaley & American Express. Full story on WSJ.
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