By Asset Allocator Journal Staff
According to Business Matters, BT’s chief executive announced that AI advancements could lead to further job cuts at the company. The integration of AI is aimed at improving efficiency but raises concerns about workforce reductions in the telecom sector. This development highlights the growing influence of AI on corporate restructuring and operational costs.
The Financial Times reports that the SEC is probing whether certain short sellers coordinated to depress bond prices through misleading information. The investigation targets potential market manipulation in the corporate bond space, with subpoenas issued to multiple firms. The agency is reviewing trader communications amid rising concerns about unfair practices in the fixed income market.
Advisor Perspectives noted that Raymond James added a $950 million advisory team from Ameriprise in Colorado. The team, managing high-net-worth client portfolios, strengthens Raymond James’ presence in the wealth management market. This move reflects ongoing consolidation and talent acquisition trends in the industry.
Per Business Matters, UK and Australian employers convened at Australia House to set global standards for family-friendly working policies. The initiative addresses the need for better work-life balance to boost productivity and employee retention. Wealth managers may note the potential impact on corporate performance and employee-focused investments.
The Financial Times reports that Blue Owl Capital aims to raise $20 billion for its fourth flagship private credit fund. The move signals continued growth in the private credit space, despite broader investor caution. Blue Owl plans to focus on direct lending to mid-market companies, a strategy that has attracted steady institutional interest.
Business Matters highlighted Chancellor Rachel Reeves facing criticism for a National Insurance Contributions rise, which critics argue leaves devolved UK nations financially strained. The policy has sparked debate over fiscal impacts on regional economies and businesses. Wealth managers may need to consider the implications for UK-based investments and client tax planning.
Advisor Perspectives reported that three new ETFs launched in June 2025 target emerging market trends, focusing on sustainable energy, AI, and healthcare innovation. These ETFs aim to capitalize on sector-specific growth opportunities amid volatile markets. The launch reflects investor demand for thematic and diversified investment vehicles.
The Financial Times reports that leading Wall Street economists have revised their outlooks, now expecting just one Federal Reserve rate cut in 2025 due to persistent inflation and cautious Fed messaging. Analysts at firms like Goldman Sachs and Morgan Stanley have reduced earlier projections of multiple cuts. Markets now largely anticipate a single quarter-point reduction by year-end.
