Advisors seeking access to digital assets via a regulated platform offering crypto SMAs now have a new option. A strategic partnership between Eaglebrook Advisors, Inc., one of the largest SEC registered crypto separately managed account platforms, and institutional crypto platform Anchorage Digital has been announced. It offers access for advisors to...
Global bonds are doomed to keep falling unless a sustained slump in equities revives the appeal of fixed-income assets, according to Barclays Plc. “There is no magic level of yields that, when reached, will automatically draw in enough buyers to spark a sustained bond rally,” analysts led by Ajay Rajadhyaksha...
The dollar fell against all of its major peers before pivotal US payroll data due Friday, but strategists say the pullback may just be temporary. Bloomberg’s gauge of the US currency slipped for a second day after climbing to a 10-month high on Wednesday. The greenback turned lower as falling...
Norway’s oil and gas is helping to fuel the nascent recovery in US initial public offerings. Norges Bank Investment Management, the country’s $1.4 trillion wealth fund, was among three cornerstone investors touted by German sandal maker Birkenstock Holding Ltd. on Monday as it kicked off its $1.6 billion IPO roadshow. Together, these...
Citigroup Inc. raised its growth forecast for China to 5% this year, as promising data helps build consensus around the nation’s ability to achieve its official government target. Retail sales and industrial production may improve, the economists wrote Wednesday, adding that the nation’s export contraction could also narrow after official...
Global headwinds and expensive stock valuations necessitate a cautious approach toward Indian equities in the short term as the country prepares for next year’s national elections, according to Goldman Sachs Group Inc. “The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar)...
Milan has become a mecca for the wealthy, but the downside of that shift is starting to show. While rich new residents bring tax revenue and create jobs in the city, they’re also contributing to higher costs of living, widening the city’s gap with the rest of Italy. Housing prices...
To the extent that traditional pension plans aren’t all but a thing of the past in the private sector, they soon may be. Among companies that still have active defined-benefit plans on their books, 89% are planning to offload their pensions to insurance companies using a strategy called pension risk...
While Cetera Holdings is trying to make the 3,100 financial advisors at Avantax Inc. comfortable as Cetera works to close its acquisition of the tax-focused firm by the end of the year, it looks as if very few will get a New Year’s gift in the form of “transition...
House Republicans may have shot themselves in the foot this week with the historic ouster of Speaker Kevin McCarthy but that doesn’t mean they’ll be taking their aim off the SEC. McCarthy was deposed as speaker Tuesday after eight far-right Republicans and all Democrats voted to remove the California Republican...