Business Architecture & Agentic Automation Intern

State Street expands its relationship with Thornburg. 09 April 2026 US Reporter: Zarah Choudhary Image: Bijac/stock.adobe.com State Street has announced the expansion of its relationship with Thornburg Investment Management, a privately owned global investment firm. State Street will be providing end?to?end servicing support for Thornburg's new ETF share classes. Under the expanded mandate, State Street will deliver ETF servicing for Thornburg's new share classes, including custody, accounting, ETF basket creation, create-and-redeem order management, ETF settlement, transfer agency, and reporting. The firm says that the announcement marks only the second active ETF share-class servicing mandate in the US, with State Street serving as provider. Donna Milrod, chief product officer at State Street, says: "Thornburg has a long history of delivering differentiated, actively managed strategies, and Assetservicingtimes is proud to support the continued evolution of their ETF platform. "Our role is to provide the operational scale and flexibility that allows clients to focus on investment outcomes, while ensuring a consistent and seamless experience across fund structures." Mark Zinkula, CEO of Thornburg, adds: "State Street has been a trusted partner to Thornburg for decades. Their deep experience across fund structures and their ability to support the full ETF lifecycle positions them well to help us meet evolving client needs." Previous industry article Next industry article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times

Live Nasdaq Composite: fear hits markets as US raises stakes in mideast standoff. By Gerelyn Terzo Updated Apr 7, 12:55PM EDT · Published Apr 7, 9:58AM EDT Quick read. * Broadcom (AVGO) gained 3% after securing Google and Anthropic as AI chip customers. Invesco QQQ (QQQ) faces new competition as BlackRock and State Street prepare to launch their own Nasdaq 100 ETFs. Humana (HUM) and UnitedHealth (UNH) rose on higher Medicare reimbursement rates. * Trump's 8pm ET ultimatum to Iran over the Strait of Hormuz has driven oil prices to $115 WTI and $110 Brent, pressuring stocks while UBS cut its S&P 500 year-end target to 7,500 citing sustained inflation and delayed Fed rate cuts. * Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor) Live updates. AI spending spree. 9 hours ago OpenAI and Anthropic are both projected to dramatically ramp up model training spending through the end of the decade, with OpenAI alone expecting to direct $121 billion toward AI research compute by 2028, according to the WSJ. Defense tailwinds. 10 hours ago Bernstein, a research JV between SocGen and AllianceBernstein, view Trump's proposed $1.5 trillion defense budget as a tailwind for defense stocks...if it makes it across the finish line. The firm is forecasting 101% growth in overall spending and a 63% jump in R&D, driven by a surge in space, shipbuilding, and missile activity. Labor market finds footing. 12 hours ago U.S. private employers added an average of 26,000 jobs per week in the four weeks ending March 21st, marking the third straight week of improvement, according to ADP. President Trump has placed an 8pm ET deadline on Iran to reopen the Strait of Hormuz or its bridges and utility plants would be bombed. In response to the escalated tensions, oil prices are rising, with WTI Crude and Brent Crude hovering at around $115 and $110, respectively. All three of the major stock market averages are under pressure, including the Nasdaq Composite, which is being led lower by the likes of ASML Holding (Nasdaq: ASML) and Tesla (Nasdaq: TSLA). The Invesco QQQ (Nasdaq: QQQ) is about to get some heavyweight competition. Both BlackRock and State Street are preparing to launch their own Nasdaq 100 ETFs, targeting one of the most popular funds on Wall Street. Wall Street firm UBS is less optimistic on U.S. stocks, trimming its year-end S&P 500 target to 7,500 from 7,700 and its mid-year call to 7,000 from 7,300. The firm is blaming the Iran war as a force that could keep oil prices high, drag on growth, and push Fed rate cuts further down the road. Here's a look at where things stand as of morning trading: Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor) Dow Jones Industrial Average: 46,361 Down 0.66% Nasdaq Composite: 21,849 Down 0.65% S&P 500: 6,574 Down 0.53% Market movers. Broadcom (Nasdaq: AVGO | AVGO Price Prediction) is tacking on 3% today after signing on Google (Nasdaq: GOOGL) and Anthropic for its AI chips. Intel (Nasdaq: INTC) is jumping on the the innovation bandwagon, joining the Terafab project alongside SpaceX, xAI and Tesla to bolster silicon fabrication for AI and robotics. Elon Musk's SpaceX will reportedly target a valuation of $1.75 trillion, setting out on its investor roadshow in early June. Dividend stock Hershey (NYSE: HSY), which has been accused of using a chocolate substitute by the Reese's family, is trying to make things right. The company has promised to switch to real chocolate in all its products (eventually) alongside the introduction of two new products, Reese's Marshmallow Cup and Reese's Strawberry PB&J Cup. Delta (NYSE: DAL) is raising baggage fees for passengers again, and the stock is down 1% today. Insurance stocks are rising, including the likes of Humana (NYSE: HUM), up 6%, and UnitedHealth (NYSE: UNH) thanks to higher Medicare payments. If you've been thinking about retirement, pay attention (sponsor). Retirement planning doesn't have to feel overwhelming. The key is finding expert guidance, and SmartAsset's simple quiz makes it easier than ever for you to connect with a vetted financial advisor. Here's how: Why wait? Start building the retirement you've always dreamed of. Get started today! (sponsor) This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby. More Content Companies Mentioned

State Street issues 2005 Corporate Social Responsibility Report. May 16, 2006 BOSTON-(BUSINESS WIRE)-May 15, 2006-State Street Corporation (NYSE:STT), the world's leading provider of financial services to institutional investors, today announced the release of its 2005 Corporate Social Responsibility (CSR) Report. The third annual report provides details on the company's environmental, social and governance initiatives, and summarizes the past year's activities of the State Street Foundation, the company's philanthropic entity. The 2005 report is based on criteria established by the Global Reporting Initiative (GRI), a multi-stakeholder process and independent institution whose mission is to develop and disseminate globally applicable sustainability reporting guidelines. This set of guidelines is designed to serve as an international benchmarking tool for social responsibility reports. Centered on the theme of adding value, the report summarizes the many ways in which State Street focuses on having a positive impact on its key stakeholders, including: customers, employees, shareholders, strategic partners and community neighbors. New elements of this year's report include a description of State Street's environmental policy and management system, along with a new code of conduct for its suppliers. "This year State Street is proud to further expand our reporting to reflect the continuing trend of sustainable development and transparency across industries," said George Russell, executive vice president and head of Community Affairs. "At State Street, being an industry leader is synonymous with being a responsible company. This report shows how we respond to global issues while maintaining our commitment to the local communities in which we conduct business." Community support is also a major theme of the report, which includes large sections devoted to the corporation's philanthropy and employee volunteer programs. Since its launch in 1977, the State Street Foundation has made some 6,400 grants totaling US$100 million. Additionally, in 2005, more than 6,400 employees and alumni served 34,400 hours in volunteer service worldwide. For its strong philanthropic ties to the communities where it conducts business, State Street was recently named to Business Ethics magazine's 100 Best Corporate Citizens List for 2006. For more information on the 2005 Corporate Social Responsibility Report, please visit www.statestreet.com/company/community_affairs/csrreport2005.pdf State Street Corporation (NYSE: STT) is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $10.7 trillion in assets under custody and $1.5 trillion in assets under management (as of March 31, 2006), State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com.