AlTi Global Slips To Loss In Q2
(RTTNews) - AlTi Global, Inc. (ALTI) reported Friday a net loss attributable to AlTi for the second quarter of $5.99 million or $0.18 per share, compared to net income of $42.74 million or $0.25 per share in the prior-year quarter.
Total revenues for the quarter declined to $49.45 million from $51.29 million in the same quarter last year.
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AlTi Global Swings To Profit In Q1
AlTi Global, Inc. (ALTI) reported Friday net income attributable to AlTi for the first quarter of $29.35 million or $0.18 per share, compared to a net loss of $68.74 million or $1.19 per share in the prior-year quarter.
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AlTi Global Promotes COO Kevin Moran To Addl. Role Of President
Global wealth and alternatives manager AlTi Global, Inc. (ALTI) announced Friday that Chief Operating Officer Kevin Moran is promoted to the role of President with immediate effect, reporting to CEO Michael Tiedemann.
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Swiss Market Ends On Firm Note
Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment.
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European Markets Recover From Multi-month Lows, Close On Positive Note
A day after falling to multi-month lows, European markets rebounded fairly strongly on Friday as oil prices fell sharply and bond yields dropped, easing concerns about inflation and interest rates a bit.
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Canadian Market Remains Firmly Up In Positive Territory
The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment.
Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
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U.S. Factory Orders Inch Up In Line With Estimates In August
A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
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U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
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Euro Slides Against Majors
The euro weakened against other major currencies in the European session on Friday.
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