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Franklin Templeton CEO Jenny Johnson says active management pays off during extreme volatility

(Click here to subscribe to the Delivering Alpha newsletter.)With $1.5 trillion in assets, Franklin Templeton is among America's top 10 asset managers, and growing. Over the last few years, the firm has acquired asset manager Legg Mason, custom index provider O'Shaughnessy Asset Management, and secondary private equity investor Lexington Partners, among

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PNB to hike repo-linked lending rate from next month

() chief Atul Kumar Goel on Thursday said the bank will raise the repo-linked lending rates from next month. The move comes against the backdrop of Reserve Bank of India (RBI) hiking the repo rate by 40 basis points (bps) last week amid rising inflation. Goel, the state-owned

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Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks

iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus.Courtesy: Goldman SachsA Goldman Sachs executive known for securing some of the industry's biggest credit-card deals in recent years has left to join early stage start-up iCreditWorks, CNBC has learned.Scott Young, who was chief commercial officer of Goldman's

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SoftBank plans to keep majority stake after Arm IPO and wants to list the firm as soon as possible

Masayoshi Son speaks during a joint announcement with Toyota Motor to make new venture to develop mobility services in Tokyo in October 2018.Alessandro Di Ciommo | NurPhoto | Getty ImagesJapanese tech conglomerate SoftBank intends to keep a majority stake in U.K. chip designer Arm when it lists the company

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Stocks making the biggest moves premarket: Ford, General Motors, Tapestry and more

Take a look at some of the biggest movers in the premarket:Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to "underweight" from "overweight." Wells Fargo said 2022 could represent a profit peak for legacy automakers,

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The world’s biggest stablecoin has dropped below its $1 peg

Crypto firm Tether has been reducing the amount of commercial paper in its reserves.Jakub Porzycki | Nurphoto | Getty ImagesTether, the world's largest stablecoin, broke below its $1 peg Thursday amid panic in the crypto market.The token sank to as low as 98 cents at around 3:30 a.m. ET,

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Bitcoin tumbles below $27,000 for first time since December 2020 as crypto sell-off intensifies

Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies.Jaap Arriens | NurPhoto | Getty ImagesBitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project.The price

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