April 16, 2018

Market reaction to U.S. strike in Syria muted, focus returns to Fed, earnings, retail sales

Fears that the targeted missile strike in Syria by the U.S. and its allies could cause a widening of the conflict in the region have not yet impacted the market, while investors will turn attention to earnings, retail sales and a parade of speakers from the Federal Reserve, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

April 13, 2018

Expanded parental leave means more than extra days off

To a newborn, 10 weeks is a lifetime. To his or her parents, it can be the foundation to a better life. Yet, only 14 percent of private sector employees receive any paid time off during this critical bonding period. Fortunately, times are changing. On April 1, Prudential Financial increased the period of 100 percent paid parental leave available to eligible employees and Prudential Advisors financial professionals.

April 12, 2018

What can financial services companies learn from “disruptors”?

Twenty years ago, waiting a week for delivery of something you ordered seemed pretty reasonable and relatively quick. Consider how unreasonable that seems today. If you have to pay for shipping or if your stuff doesn’t show up in two days, life no longer seems fair!

April 10, 2018

PGIM Investments enters the active ETF market with fixed income strategy

NEWARK, N.J., April 10, 2018 - PGIM Investments has entered the exchange-traded fund space with the launch of the PGIM Ultra Short Bond ETF (NYSE ARCA:PULS). The fund is a diversified, fixed income, actively managed ETF that aims to deliver current income and capital appreciation with a focus on managing risk. PGIM Investments is the worldwide distributor of retail products for PGIM, Inc., the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU)—a top 10 asset manager globally.

April 10, 2018

Prudential boosts Newark nonprofits with $30 million for capital campaigns, endowments

NEWARK, N.J., April 10, 2018 – A long-awaited community center in Newark’s Fairmount Park, a state-of-the-art synthetic turf field in the Central Ward, and arts programs in Clinton Hill are among 17 beneficiaries of $30 million in grants from Prudential Financial, Inc. (NYSE: PRU) to support nonprofit capital campaigns and endowments throughout the city’s five wards.

April 09, 2018

Trade talk dominates as earnings season begins with big bank reports

Tariff headlines and an anticipated response from China continue to dominate market psyche as the first quarter earnings season opens, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

April 05, 2018

PGIM Fixed Income announces leadership changes to its US bank loan team

NEWARK, N.J., April 05, 2018 - PGIM Fixed Income today announced that Brian Juliano, managing director, will be named head of the U.S. bank loan portfolio management team upon the retirement of Joe Lemanowicz later this year. Juliano has co-headed the team with Lemanowicz since September 2017. Juliano will continue to report to Robert Cignarella, managing director and head of Global Leveraged Finance.

April 04, 2018

Prudential Retirement builds skill for Amazon Alexa

With Amazon Alexa, you can play your favorite song, get the news and weather, even control your living room lights, all with just the sound of your voice—now, by enabling a new skill, you can manage your financial future as well. Just say, “Alexa, ask Prudential Retirement for my account balance.”

April 04, 2018

PGIM Real Estate acquires 75 percent interest in York & George development

SYDNEY, April 3, 2018 – PGIM Real Estate has agreed to acquire a 75 percent interest in the prime retail and commercial component of the York & George mixed-use project, currently under development by Fife Capital at 383 George Street, Sydney. 

April 02, 2018

Prudential offers Guaranteed Income For Tomorrow (GIFT)SM

NEWARK, N.J., April 2, 2018 – Increasing longevity has made outliving assets in retirement a concern for many Americans, with 67 percent of U.S. workers saying they fear their retirement savings won’t last, according to a 2016 Prudential report. To help Americans supplement their retirement savings, Prudential Financial, Inc. (NYSE: PRU) has introduced its first online income product, a voluntary deferred income annuity designed to generate guaranteed lifetime income.