In spite of the uncertainty and doubt surrounding Peloton from experts — from concerns regarding its hardware to its current level of capitalization — Citi internet sector senior analyst Ron Josey believes that the company’s value proposition and innovation position it well for the future.
Dismal market performance and outflows lead to a decline in AllianceBernstein's (AB) April AUM balance.
Franklin (BEN) completes the acquisition of Lexington Partners L.P. in a cash deal of $1.75 billion to boost its alternative asset business.