Husband and wife financial advisors Kevin Okim, CFP, and Deborah Okim, CFP, AAMSTM, have made a big decision to switch affiliation after more than two decades with their old firm. “It was not an easy decision for Kevin and me to transition from our previous firm after two decades, but...
For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work. That’s the message from Capital Group, DoubleLine Capital, Pimco and TCW Group. And it comes as many fixed-income managers are still licking their...
Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization. Eduardo Martinez Campos started his career in Citigroup’s markets business roughly three decades ago, according to a memo to staff from newly appointed wealth chief Andy Sieg. The division Learn more about reprints and...
An exterior view of a Lowe's home improvement store. Lowe's Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty ImagesLowe's on Tuesday lowered its full-year sales outlook, after customers spent less on do-it-yourself projects and caused its fiscal third-quarter sales to tumble nearly...
The Securities and Exchange Commission accused crypto exchange Kraken of securities-law violations, less than a year after unveiling a $30 million settlement with the firm over other alleged conduct. In its latest salvo against the crypto sector, the regulator claimed Monday that Kraken commingled customer assets with its own and at times...
Nearing the end of a tumultuous year for assets in developing countries, emerging-market currencies are poised for the best performance since 2017 as a late rally pushes investors to lock in higher yields while they still can. The benchmark MSCI EM Currency Index advanced 0.3% on Tuesday, lifting its gains this year...
Solving the world’s biggest issues will involve, at least in part, an area of technology that is known as ‘deep tech’ and it’s now an established asset class according to new research. Boston Consulting Group says that deep tech now claims a stable 20% share of venture capital funding, ro Learn...
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021.Florence Lo | ReutersBEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months.The company's U.S.-listed shares were...
French startup Indy has recently closed a new funding round of $44 million (€40 million) with BlackFin Capital Partners leading the round. Indy started as an automated accounting platform for freelancers and other self-employed people. But the company has been slowly iterating on its product to become an all-in-one platform...
Stoy Hall realized early on that financial literacy was a scarce resource in his family, and his community. Now, as founder and CEO of Black Mammoth, a financial services company in Iowa with clients all over the country, he says that during his childhood, there simply weren’t any finance professionals...