Bitcoin retreated from a six-week peak after a jump in bond yields dented demand for riskier investments. The largest digital asset shed as much as 1.9% on Tuesday before paring some of the drop to trade at about $27,600 as of 10:50 a.m. in Singapore. The MarketVector Digital Assets 100...
Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better. An index of Rolex timepieces declined by 2.2% in September, according to market prices tracked by the Bloomberg Subdial Watch Index. An index of 100...
T. Rowe Price Group Inc. and Oak Hill Advisors are launching a new private credit fund open to individual investors in the U.S. to take advantage of the rapidly growing $1.5 trillion market. The T. Rowe OHA Select Private Credit Fund, or OCredit, already has $1.5 billion of investible capital,...
An against-the-odds deal to avert a U.S. shutdown is soothing nerves across Wall Street after a week of interest rate-spurred market disruptions. While money managers largely shrugged off the political circus in Washington, the passage of compromise legislation to keep the government running until Nov. 17 gives financial markets some breathing room...
US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc. They say the selloff has led to historically cheap valuations for the tech stocks at a time when earnings estimates are still rising....
Office prices in the U.S. are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey. About two-thirds of the 919 respondents surveyed by Bloomberg believe that the U.S. office market will only rebound after a severe collapse. An even...
The third quarter was a story of dashed hopes in emerging markets, with the unraveling of some of the most profitable trades in the asset class. A stronger dollar and surging US yields, combined with China’s economic woes, brought it all to a head. Emerging-market stocks just posted their worst...
Asset managers selling funds into the European Union risk having client flows “meaningfully” disrupted as regulators in the bloc consider a major overhaul of ESG investing rules, according to analysts at Barclays Plc. The EU Commission opened the door to a wholesale review of the Sustainable Finance Disclosure Regulation last month, when...
A fresh slate of Wall Street firms agreed to collectively pay tens of millions of dollars to U.S. regulators over their employees’ use of unmonitored communication channels on the job. The Securities and Exchange Commission said Friday that the firms, including Interactive Brokers Group Inc. and Robert W. Baird &...
The Securities and Exchange Commission further delayed its review of applications from BlackRock Inc., Invesco Ltd. and others seeking to list the first Bitcoin exchange-traded fund in the U.S. The regulator, whose three-part mandate includes investor protection, also postponed decisions on applications from Bitwise and Valkyrie, according to documents posted...