Stratos Wealth Holdings has hired a new national business development manager as it seeks to grow its reach across the U.S. Gary Kuhn joins the firm from workforce solutions firm Nesco Resource but was previously with MassMutual following its acquisition of MetLife’s advisor business where he began his career in...
European shares rallied after dovish comments by Federal Reserve officials and the prospect of more economic stimulus by China brought some risk appetite back to markets as investors continue to evaluate the potential impact of the Israel-Hamas conflict. Treasuries jumped, catching up with Monday’s global government bond rally, when cash trading in the US...
The annual meetings of the International Monetary Fund and World Bank kick off this week against a backdrop of escalating global conflict and debt distress. A new outbreak of violence in Israel and the grinding war in Ukraine add a grim dynamic to the Washington-based lenders’ efforts to rally their...
The outbreak of conflict in the Middle East is adding to a long list of concerns that has investors dumping developing-nation assets for the safety of the dollar. The surprise weekend attack on Israel sent Middle Eastern stocks plunging and rippled across crowded currency trades. Equity gauges in Dubai and...
Investors are backing off from bets on a continued selloff in US stock futures, according to Citigroup Inc. strategists. Although positioning in both S&P 500 and Nasdaq 100 futures remains moderately bearish, “the pace of flows has slowed significantly,” the team led by Chris Montagu wrote in a note dated...
Money is a means, not an end — it’s a tool. That’s the message Bruce Ensrud, wealth advisor and founding partner of Parable Wealth, wants to convey to advisors attending the Advisor Insights Lab. “The objective for us and for our clients is not to just make a big pile of...
RBC Wealth Management has added two advisor teams across three states with a combined $630 million in client assets. The additions are the latest wirehouse defections for the Canadian-owned firm, which has picked up more than $8 billion in assets in recent months from UBS alone. In Syracuse, New York,...
The burden of debt, especially during a higher-interest-rate environment, is weighing on the mental health of millions of Americans. Ahead of World Mental Health Day Tuesday, a new poll from Forbes found that 54% of respondents are always or frequently stressed because of their debt and two-thirds would consider bankruptcy...
Oil jumped more than 5% after Hamas’s surprise attack on Israel raised fears of a wider conflict. Investors shunned traditionally risky assets such as stocks and instead bought gold, bonds and the dollar. West Texas Intermediate climbed past $87 a barrel and an index of dollar strength added 0.3%. Europe’s Stoxx 600...
It was supposed to be one of the greatest stock market comebacks of all time. But after a summer slump, there’s a nagging fear it might just keep slipping away. Roughly a year after the S&P 500 Index bottomed out, money managers have seen the stock market’s gains erode on...