News Corporation and Fox News saw their stock prices rise by 4.9% and 1.8%, respectively, after Rupert Murdoch decided not to go ahead with plans to merge the two companies. The proposed merger had been met with resistance from shareholders. AT&T's shares rose by 1.8% after the company released its fourth-quarter report on Wednesday. The report showed an increase in the number of subscribers, but AT&T forecast that its annual profit would be below expectations.

The World Bank is in a position to have a significant impact on how the energy transition is financed, potentially eclipsing the efforts of major financial institutions like JPMorgan Chase & Co. or BlackRock Inc. to promote emissions reduction.

Investors are betting on bonds after debt funds in 2022 posted their worst performance on record.

Vanguard Group was the only major ETF provider to post an increase in European assets last year, thanks to its lower exposure to environmental, social and governance strategies, according to Morningstar Inc.

Leading names in asset management and investment banking are divided in their opinion of the traditional portfolio structure of 60% stocks and 40% bonds, following a poor performance of the 60/40 model in the previous year.