In recent weeks, investors and industry professionals have engaged in spirited debate regarding the state of the current market and whether we’re in bull territory. Even as these debates press on and investors revel in rallies, a gentle reminder is in order. Investing in the stock market is a dynamic...
A registered investment advisor firm in the Midwest is to be acquired by Pensionmark, the retirement specialists business of World Insurance Associates. The firm, Financial Solutions, was founded 30 years ago and has assets under management of approximately $950 million. It will join the World financial services division led by...
Stratos Wealth Holdings has bolstered its senior leadership team with a new chief operating officer. The family of companies which includes Stratos Wealth Partners, Stratos Wealth Advisors, and Fundamentum, has appointed Phil Nuttall to the COO role, effective immediately. He succeeds Lou Camacho, who will focus on the strategic expansion...
Citigroup Inc. will pay $2.9 million to settle Securities and Exchange Commission allegations that the bank’s broker had flawed processes in its accounting in underwriting of securities offerings. The SEC alleged Tuesday that the broker didn’t keep current records on the way it accounted for expenses charged in the underwriting...
The $17.4 billion Grayscale Bitcoin Trust rallied the most since July 2021 after a U.S. court ruling potentially paved the way for the vehicle to convert into an exchange-traded fund. Shares in the world’s largest Bitcoin portfolio jumped 17% on Tuesday, narrowing their discount to the value of the fund’s underlying token...
Dollar bulls have history on their side going into September as the currency has strengthened during that month for six years in a row. Not only has the Bloomberg dollar index risen every September since 2017, but its average gain of 1.2% in that month also beats the performance of...
A surge in short sales of US Treasury futures suggests hedge funds are expanding basis trades, a popular tactic that may be injecting leverage into a bond market whipsawed in the wake of this month’s selloff. The revival of the trade — which exploits price differences between futures and underlying...
An increasing share of low-income Americans are behind on rent and struggling to afford food, adding to signs of growing financial distress in the economy. Among households using the Supplemental Nutrition Assistance Program’s boosted pandemic benefits, 42% skipped meals in August and 55% ate less because they couldn’t afford food, more...
For almost a decade, I’ve been listening to digital prophets predict a future where banks save billions of dollars, customers can trace their mangoes back to the organic farm where they were grown, and financial intermediaries are a thing of the past, all thanks to the blockchain. I’ve been waiting for...
Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019.Bloomberg | Getty ImagesWhile other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick.The privately held Danish toymaker saw revenue rise 1% during...