Insmed stock falls as CFO Sara Bonstein to step down

Investors in space stocks are all over Space Exploration Technologies and Rocket Lab. The problem is, these two space giants look wildly overvalued today, with price-to-sales (P/S) ratios in the stratosphere. If an investor is looking to buy these stocks for the next decade, the valuation math says they are likely to be disappointed. But what…

Oil rose as traders assess mixed signals from the U.S. and Iran amid worries that a deal to open the Strait of Hormuz may not be coming anytime soon.

Fed Chairman Kevin Warsh, speaking last week at the Kansas City Fed’s annual Jackson Hole symposium, put the same case plainly. “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,” Warsh said. “Otherwise, we have work to do.” Samantha Shelton, mortgage broker and president of Align Lending,…

Bloomberg said Wednesday that it has agreed to acquire Canoe Intelligence, an AI-powered data management platform that automates the collection and delivery of private markets data, in what the company described as a defining step in its effort to transform private markets investing. The acquisition builds on Bloomberg’s multi-year push to extend the public markets…

Macquarie Bank has announced it will pass on the Reserve Bank of Australia’s (RBA) February rate hike in full to its variable rate home loan customers. The banking major’s variable rate home loan holders will realise the interest rate change on 20 February – 17 days after the RBA announced the hike.  It marks another…

Sequoia Financial Group, an Akron, Ohio-headquartered registered investment advisor with $34.9 billion in assets under management, has acquired All Star Financial, a Minneapolis-St. Paul-based wealth management firm with about $1.36 billion in total assets under management and advisement. This is Sequoia’s first RIA acquisition of 2026. In June, the firm acquired A CPA Inc., an…