July 19, 2018

Prudential Capital Group provides $5.3 billion in private debt to middle-market companies in the first half of 2018

CHICAGO, July 19, 2018 - Prudential Capital Group provided $5.3 billion of senior debt and junior capital to middle-market companies and projects globally in the first half of 2018. Prudential Capital Group is a leading source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).

July 16, 2018

Jessica Gillespie appointed head of national accounts for Prudential Group Insurance

NEWARK, N.J., July 16, 2018 - Prudential Group Insurance has promoted Jessica Gillespie to vice president, national accounts. She was most recently vice president of Strategic Partnerships & Distribution Excellence. Prudential Group Insurance is a unit of Prudential Financial, Inc. (NYSE:PRU).

July 12, 2018

Three tax savings strategies for a secure retirement to try right now

Individuals who rushed to prepay property taxes after the passage of the Tax Cuts and Jobs Act may have saved some money in 2018—but that’s pennies compared to the long-term tax savings taxpayers should take advantage of before the TCJA’s individual tax provisions are expected to expire in 2026.

July 11, 2018

PGIM Investments to host closed-end fund conference call

NEWARK, N.J., July 11, 2018 - PGIM Investments announced it will host a conference call to provide market commentary and product updates for PGIM Short Duration High Yield Fund, Inc. (NYSE:ISD) and PGIM Global Short Duration High Yield Fund, Inc. (NYSE:GHY).

July 10, 2018

Working in retirement may be the new norm according to PGIM Investments study

NEWARK, N.J., July 10, 2018 - Few current retirees take a new job in their golden years—but more than half of future retirees expect to continue working during retirement, driven by uncertainty about Social Security and their own financial preparedness, a new study from PGIM Investments reveals.

July 09, 2018

Market Focus: Inflation data, bank earnings, trade, and Federal Reserve speakers

During a week of strong economic data releases, as well as the implementation of the first tranche of tariffs against Chinese goods and Chinese counter tariffs against U.S. products (already discounted by the markets), markets enjoyed a respite from the escalation of trade concerns, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

July 02, 2018

Millennials’ vision of the future looks beyond flying cars

Fifty years ago, Philip K. Dick’s landmark sci-fi novel “Do Androids Dream of Electric Sheep?” envisioned a 21st century of androids, flying cars and space colonies. What happened? Sure, we have Android phones, but what about our flying cars?

July 02, 2018

Escalating trade tensions have markets defensive as holiday week begins

In this shortened Fourth of July week, tariff-related issues are a major focus as U.S. tariffs against Chinese goods are due to be implemented on July 6, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

June 29, 2018

Quincy Krosby’s Q3 2018 Commentary: The Road to Normal

We’re in a new environment that could shift if markets sense the Fed is making a policy mistake. This new backdrop calls for caution and selectivity, as companies now must earn investor approval as markets adjust, says Quincy Krosby, Prudential's chief market strategist in her Q3 2018 Market Commentary: “The Road to Normal

June 28, 2018

Prudential sustainability report focused on financial wellness, diversity and responsible impact

NEWARK, N.J., June 28, 2018 - Prudential Financial, Inc. (NYSE: PRU) released today its 2017 sustainability report, detailing how the company supports its four building blocks of long-term vitality: customer focus, responsible impact, talent focus and financial strength.