Kaynes Q1 FY27 slides: 40% revenue growth, margin pressure mounts

Charles Schwab’s proprietary retail investor sentiment gauge hit its highest level in four years in June, as clients continued to buy market dips despite major indices closing the month with minor losses. The firm revealed on Monday that the Schwab Trading Activity Index (STAX) rose to 59.12 in June, up 7.33% from 55.08 in May,…

Founded in 1830 by Mobile’s first Catholic bishop, Michael Portier, this Southern institution — named one of the South’s most beautiful campuses by Southern Living — was among the first Catholic colleges established in the Southeast. Several of its buildings have been recognized and added to the National Register of Historic Places. The 381-acre liberal arts college, enveloped…

The Securities and Exchange Commission and the Commodity Futures Trading Commission today issued a joint request for public comment on potential approaches to further harmonize regulatory frameworks applicable to portfolio margining across securities, security-based swaps, futures, swaps, and related positions. The request for comment is intended to assist the agencies in evaluating whether greater coordination…

The sale comes as private equity groups continue to pursue independent wealth management firms. Credit: Piotr Swat/Shutterstock.com Carlyle and Bain Capital are in contention to acquire Wealth Enhancement in a deal that could value the wealth management platform at about $7bn including debt, the Financial Times has reported. Wealth Enhancement oversees nearly $160bn in client…

Enterprise artificial intelligence promises nearly as many different business outcomes as there are businesses themselves. It comes as little surprise, then, that the AI race inside enterprise technology is already starting to split along sector lines. New research in the June edition of The Enterprise AI Benchmark Report from PYMNTS Intelligence revealed that cybersecurity firms…

Amazon’s decision this week to scale back parts of its homegrown artificial intelligence portfolio has been taken by the marketplace as a retreat from the frontier-model competition. That’s only partly true. Amazon appears to be abandoning the most expensive and least defensible layer of the AI stack in order to strengthen the businesses where it…