The asset management company reports a loss of more than $200 million in the quarter.

Affiliated Managers Group revenue expected to fall 11.4% to $542.3 million.

BlackRock continues to steal market share from mutual-fund competitors with its suite of exchange-traded funds. Analysts say investors' increasing preference for ETFs shows no sign of abating. But because of the low fees charged by ETFs, profit margins are shrinking.

WisdomTree Investments, a specialist in exchange-traded funds, could be an attractive takeover candidate for big money managers looking to catch up in the fast-growing ETF industry, according to Credit Suisse.

Moody's Investors Service predicts active stock- and bond-picking firms' share of the money-management industry will be overtaken as soon as 2021 by 'passive' vehicles like index-tracking mutual funds and exchange-traded funds.

The runaway growth of exchange-traded funds over the past decade shows no signs of abating, with a top industry forecaster now projecting the assets will surge at least 18% this year, topping $4 trillion for the first time.

Even after an abysmal 2018, 16 big U.S. money managers could see earnings per share in 2019 fall another 5% on average, Jefferies estimates.

Sprint shares were falling double digits after the company announced its merger with T-Mobile.

After a shortened trading week light on volume, the S&P 500 is losing some steam. But Fundstrat says index uptrends 'remain intact' moving toward the New Year.

The takeover of the budget airline raises a key question for consumers.

Nvidia provided negative news on Monday and Micron followed up with more on Tuesday. Here's the trade.

Retailing giant Walmart wants to ensure its customers can get what they're looking for, however they want to buy it.