RBC Wealth Management has added two advisor teams across three states with a combined $630 million in client assets. The additions are the latest wirehouse defections for the Canadian-owned firm, which has picked up more than $8 billion in assets in recent months from UBS alone. In Syracuse, New York,...
The burden of debt, especially during a higher-interest-rate environment, is weighing on the mental health of millions of Americans. Ahead of World Mental Health Day Tuesday, a new poll from Forbes found that 54% of respondents are always or frequently stressed because of their debt and two-thirds would consider bankruptcy...
Oil jumped more than 5% after Hamas’s surprise attack on Israel raised fears of a wider conflict. Investors shunned traditionally risky assets such as stocks and instead bought gold, bonds and the dollar. West Texas Intermediate climbed past $87 a barrel and an index of dollar strength added 0.3%. Europe’s Stoxx 600...
It was supposed to be one of the greatest stock market comebacks of all time. But after a summer slump, there’s a nagging fear it might just keep slipping away. Roughly a year after the S&P 500 Index bottomed out, money managers have seen the stock market’s gains erode on...
Underlying US inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to stay higher for longer. The consumer price index excluding food and fuel, a measure favored by economists as a better indicator of underlying price pressures, is seen...
Europe’s banks need to stop complaining that a new ESG rule will make them “look bad” and accept that they’ll need to start reporting additional data in a few months, European Banking Authority Chairman Jose Manuel Campa said. The metric in question is the green asset ratio, with mandatory disclosure...
Rapidly rising Treasury yields have brought back fears of a potential wave of defaults across emerging markets, with investors questioning which countries struggling with heavy debt loads will miss payments or be forced to restructure first. A total of 21 emerging-market nations have sovereign dollar debt trading near distressed levels,...
UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty ImagesDETROIT – About 3,900 United Auto Workers members with Mack Trucks will go on strike Monday after...