Morgan Stanley’s strategists see US stocks and bonds outperforming their emerging markets peers next year, according to a note to clients. “We expect US earnings growth to trough in early 2024 and rebound thereafter,” strategists including Serena Tang and Vishwanath Tirupattur wrote. US growth may stay strong relative to other...
Emerging-market borrowers are piling back into global bond markets, selling about $20 billion in dollar notes in just a few days, all too aware that the window of opportunity may snap shut as suddenly as it opened. Countries from Colombia to Indonesia and developing-nation companies rushed to lock in lower...
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets. So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have typically been built around natural disasters such as hurricanes. But as...
In an age where everyone relies on technology, some prefer to do without. A recent eMoney study found that’s going to be a problem for advisors who aren’t down with tech. The study found that clients who work with tech-forward advisors — those who rate technology or client portals as...
The world's biggest bank is facing a unique challenge in the largest market on the planet, as it has been forced to resort to moving trades across Manhattan using a physical USB drive. The American branch of Industrial & Commercial Bank of China Ltd., the largest bank globally, has been...
SEC Chair Gary Gensler has been able to forge ahead with an aggressive rulemaking agenda despite strong industry pushback and political pressure from Capitol Hill. But something looms in November that would stop him in his tracks — a government shutdown. Federal funding is set to ex Learn more about reprints...
Higher interest rates and inflation have pushed household budgets to beyond their limits, forcing many American consumers to take on more debt. New stats from TransUnion show that bank card balances were up 15% in the third quarter of 2023 compared to a year earlier, with a new record high...
New opportunities for wealth and alternative asset managers is the focus of Emigrant Partners, and the firm is aiming for new growth with the expansion of its headcount. The specialist capital and strategic advice provider to RIAs has announced that Jason Ehrlich has joined as managing director and head of...
LPL Financial has attracted an advisor with around $230 million in advisory, brokerage and retirement plan assets to its broker-dealer, RIA, and custodial platforms. Blake Mier of Mier Financial, based in Bloomington, Illinois, was previously with Wells Fargo Advisors Financial Network but decided to make the switch to gain greater...
A $290 million settlement between JPMorgan Chase & Co. and victims of Jeffrey Epstein was approved by a federal judge, who rejected a last-minute challenge from a group of state attorneys general that could have delayed the payout to almost 200 victims. US District Judge Jed Rakoff said the pact,...