Bullish or bearish? It depends on who you ask according to two sentiment surveys released this week. The first, the quarterly Charles Schwab Trader Sentiment Survey, found that bearishness on the U.S. stock market has increased to 53% in the fourth quarter of 2023 compared to 35% in the previous...
One of the pioneers of robo-advisors has reached a significant new milestone and expects continued exponential growth. Wealthfront now oversees more than $50 billion for more than 700,000 clients, mostly U.S.-based professionals and the firm is expecting revenue growth of 140% for 2023. It’s al Learn more about reprints and licensing...
Stocks advanced and bond yields dropped as fresh signs of an economic slowdown prompted investors to ramp up bets on interest-rate cuts next year. Europe’s Stoxx 600 index rose 0.9%, on track for a 2.7% rally this week, and US futures climbed. Bonds added to Thursday’s gains, with markets now...
The savage sell-off that hit Treasuries in prior months was driven by concerns a buyers’ strike had hit the $26 trillion bond market. It’s now confirmed: at least one set of investors headed for the exits back in September. Foreign investors sold $1.7 billion more worth of Treasuries than they...
Contributions to retirement plans fell last year following record contribution rates from participants and employers in 2021, according to a survey of 401(k) plans released Thursday by the Plan Sponsor Council of America. Despite slipping contribution rates, however, the study showed that participation remains strong, even if down from record...
The U.S. government overrode industry objections and approved a plan to saddle the biggest banks with much of the tab for refilling the nation’s bedrock deposit-insurance fund. The Federal Deposit Insurance Corp. green-lit the key parts of a proposal the regulator made in May to replenish the Learn more about reprints and licensing...
European Central Bank President Christine Lagarde proposed granting more powers to the European Union’s securities watchdog, turning it into the regional equivalent of the US Securities & Exchange Commission. Supervision of capital markets “remains largely at the national level,” Lagarde said in a speech at a conference on Friday. A...
A burst of activity in Bitcoin derivatives has evoked memories of the period in late 2021 when the token surged to an all-time high. Variables such as the cost of perpetual futures trades and options open interest point to a revival in speculative gusto for Bitcoin, which has more than...
India’s central bank has enforced several measures to cool down high growth in consumer credit in a move that will impact consumer spending and many startups in the South Asian market, industry executives said. The Reserve Bank of India raised risk weights on unsecured personal loans, credit card, consumer durable loans by...