It’s touted as crypto’s big breakthrough on Wall Street: The imminent arrival of bitcoin exchange-traded funds that will kick open investing in digital currency to the institutional and retail masses. That’s driving the latest hype cycle in the world’s largest token on bet Learn more about reprints and licensing for this article.
Morgan Stanley named Jed Finn head of the company’s $4.8 trillion wealth management business, giving him oversight of the biggest revenue generator at the firm. The move is part of co-president Andy Saperstein’s revamp of his leadership team for the investment bank’s money management Learn more about reprints and licensing...
The dollar extended a decline, with a gauge of greenback strength hitting its lowest level since August, amid speculation the Federal Reserve is nearing the end of its rate-hike cycle. Traders are currently pricing in about a 30% chance of a first Fed rate cut in March following cool inflation...
The upcoming closures of two of JPMorgan’s socially conscious exchange-traded funds are shining a spotlight on the vanishing appetite for environmental, social and governance products. An unprecedented $7.7 billion has left do-good ETFs this year following 10 straight years of inflows, Bloomberg Intelligence data show. Issuers have shut down a...
At first blush, a record $100 billion flood into actively managed exchange-traded funds this year raises a tantalizing prospect: A revival of stock picking even as only Big Tech names outperform the market. Yet a look under the hood of popular ETFs shows the boom is almost entirely taking...
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...
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...