Technical factors no longer stand in the way of a year-end rally in the S&P 500 index, according to Bank of America Corp.’s Michael Hartnett. The bank’s in-house sentiment gauge, the Bull & Bear Indicator, is flashing a contrarian buy signal for a third straight week amid poor equity market...
Sam Bankman-Fried’s conviction for a huge fraud at the FTX exchange raises a deceptively simple question: what next for crypto? The former billionaire was a vocal champion of the industry but now faces decades in jail, a fall that is emblematic of the boom and bust in the digital-asset market...
Capital Group is seeing an opportunity for investors to load up on global equities after the Federal Reserve held rates on Wednesday, signaling an end to its aggressive tightening cycle.“The really big message for investors is that this moment of central banks peaking is likely to be the opening...
If there is one thing that supporters and opponents agree on about ESG, it might be that there are too many interpretations of its meaning. This week, several groups, including the CFA Institute, gave a list of definitions that they want to be standard across the industry. That includes common...
A leading Senate Republican on financial policy wants to open private-market investing to more people who currently don’t meet the net worth or income thresholds to qualify. Expanding the pool of accredited investors is one plank in a proposal to reform capital markets released Thursday by Sen. Tim Scott, R-S.C....
Jordan Belfort, aka “The Wolf of Wall Street,” is back and he’s got a lot to say about the long-term benefits of … index funds? No joke. The now-reformed former penny stock fraudster is out with a new book, “The Wolf of Investing,” in which he offers advice on how...
While various types of technology continue to be a resource for advisors, many advisors say asset management websites are not one of them. Results released Thursday from a J.D. Power survey of 2,500 financial advisors found that one-fourth of the advisors said asset management websites weren’t meeting their basic needs. Craig...
The amount that can be saved for retirement in 401(k) plans and many other government schemes has been increased for 2024. The Internal Revenue Service has announced that contributions of up to $23,000 will be allowed next year, up from $22,500 in 2023. That applies to 401(k), 403(b), most 457...
Americans are living longer but the downside is that many will require assistance from family members, who may in turn face a financial burden. A new report from the TIAA Institute and the University of Pennsylvania School of Nursing reveals that one in five adults now provide care to loved...
Stocks rallied as investors reacted to the possible peak of the Federal Reserve’s historic tightening campaign and processed the latest major company earnings.Rates-sensitive real estate stocks led the advance in Europe’s Stoxx 600 index, which is set for its longest winning streak since July. US equity futures pointed to...