June 04, 2018

Apple’s WWDC, G-7, North Korea summit will keep market busy this week

Headlines could have an important influence on the market this week with earnings season all but finished — pushing trade, tech, and the run-up to the back-on-again U.S.-North Korea summit to the forefront, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

May 30, 2018

Stable value funds a new trend in college savings

For years, many 529 plans offered money market funds as their conservative investment option. Now, they’re increasingly replacing them with stable value funds, investment vehicles wrapped in insurance contracts that guarantee a specific minimum return. A new white paper from Prudential Financial, Inc., "529 Plans: Assessing the Stable Value Option", examines why.

May 30, 2018

PGIM Real Estate, Varma complete acquisition of M Campus in Paris

PARIS, May 30, 2018 – PGIM Real Estate, in partnership with its client, the Finnish pension insurance company Varma, has acquired M Campus, a 45,000-square-meter office campus in Meudon, on the outskirts of Paris. PGIM Real Estate is the real estate investment business of PGIM, Inc., the $1 trillion global investment management businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).

May 29, 2018

Leston Welsh joins Prudential Group Insurance as head of Disability and Absence Management

NEWARK, N.J., May 29, 2018 - Prudential Group Insurance today announced that Leston Welsh has joined the firm as vice president, head of Disability and Absence Management. In this role he is responsible for defining and executing the strategic direction for disability and absence management products, services, and capabilities. Welsh succeeds Jake Biscoglio, who is leading a business development initiative for the Workplace Solutions Group. Prudential Group Insurance is a unit of Prudential Financial, Inc. (NYSE: PRU).

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.