May 29, 2018

A global, risk-off market as Italy, Spain face political and fiscal challenges

Coming out of Memorial Day weekend, global markets have been gripped by political crises in the European Union, as Italy—the EU’s third-largest economy—will face another election and Spain’s prime minister faces a no-confidence vote, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

May 25, 2018

Prudential honors fallen soldiers on Memorial Day

Army sergeants Schoon, Nunez and Moody, and specialists Alt and Ellis: They were all from one company, killed within six months during Operation Enduring Freedom. They were among 55 soldiers serving in Andrew Baker’s unit. Baker, now part of Prudential’s corporate real estate team in Newark, New Jersey, was a newly minted 22-year-old second lieutenant on his first command—a deployment to eastern Afghanistan in 2012. 

May 21, 2018

Tariffs on hold, market scrutinizes FOMC minutes, manufacturing reports on radar

Worries over a potential trade war with China subsided this weekend as Treasury Secretary Steve Mnuchin announced that the Trump administration “agreed to put the tariffs on hold” while negotiations focus on drafting a framework for addressing trade imbalances, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

May 17, 2018

PGIM deepens presence in Latin America through partnership with one of Chile’s largest asset managers, Banchile Administradora General de Fondos S.A.

NEWARK, N.J., May 17, 2018 - PGIM has entered into a partnership with Banchile Administradora General de Fondos S.A. (“Banchile AGF”), one of the largest asset managers in Chile. The partnership will provide local investors in Chile access to a number of PGIM Investments’ UCITS funds as well as direct real estate strategies through PGIM Real Estate. This agreement significantly expands PGIM’s presence in the region as it continues its global growth.

May 17, 2018

New York Red Bulls Sign 12 Players from Special Olympics New Jersey

HARRISON, N.J., May 17, 2018 – The New York Red Bulls, in partnership with Prudential Financial, Inc., have signed 12 athletes from Special Olympics New Jersey to two-game contracts, the club announced today. Prudential Financial is the proud presenting partner of the Red Bulls Special Olympics Unified Team.

May 14, 2018

American workers say financial wellness, retirement security require public policy solutions

American workers rank retirement security above job security, taxes and the cost of college among the top issues they want congressional candidates to talk more about on the campaign trail this year, according to a new survey.

May 14, 2018

NAFTA, China trade negotiations should capture market attention this week

An update on NAFTA negotiations, continued U.S.-China trade talks, retail data and a parade of Fed speakers may dominate market-related headlines this week, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

May 09, 2018

Hawaii renews agreement with Prudential Retirement to manage $2.4 billion plan

NEWARK, N.J., May 09, 2018 - State of Hawaii officials informed Prudential Retirement that Hawaii has renewed its contract with Prudential to oversee its State of Hawaii Deferred Compensation Plan (a.k.a., The Island $avings Plan) totaling nearly $2.4 billion in retirement assets. Prudential Retirement, among the industry’s largest recordkeepers, is a business unit of Prudential Financial, Inc. (NYSE:PRU).

May 09, 2018

Tussle between globalization, nationalism creates new risks for investors, PGIM says

NEWARK, N.J., May 09, 2018 - The escalating tussle between globalization and nationalism could have profound implications for global financial markets, traditional investment frameworks and developed market geopolitical risk analysis, says a new report from PGIM, Inc., the investment management business of Prudential Financial, Inc. (NYSE: PRU).

May 09, 2018

Prudential and PIC reach sixth longevity reinsurance agreement amid surging demand for pension de-risking

NEWARK, N.J., May 09, 2018 - Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE: PRU), and Pension Insurance Corporation plc (PIC), have struck their sixth longevity reinsurance transaction since 2015. The Prudential Insurance Company of America (PICA) assumes the longevity risk for £900 million (about $1.2 billion) in pension liabilities, representing approximately 7,500 pensioners across two pension schemes.