All around the world, bond traders are finally coming to the realization that the rock-bottom yields of recent history might be gone for good. The surprisingly resilient US economy, ballooning debt and deficits, and escalating concerns that the Federal Reserve will hold interest rates high are driving yields on the...
Cryptocurrencies extended declines, sliding with global risk assets as investors price in higher interest rates for longer. A report of Elon Musk’s SpaceX selling Bitcoin holdings added to the concerns. Bitcoin fell 4.4% at 9 a.m. in London on Friday, and was headed for its biggest weekly decline in three...
IRA and 401(k) millionaires are staging a comeback, with the number of seven-figure retirement accounts at Fidelity Investments inching back toward a 2021 high. The tally of such accounts rose by more than 12% in the second quarter to 727,104, according to an analysis released by Fidelity Thursday. That’s the highest since...
Finra arbitrators ordered a former financial advisor to pay more than $600,000 for recommending risky options strategies for a group of Alabama investors. The investors filed an arbitration claim in July 2021 against Norman Edgar McNeill and McNeill Financial Advisory. The causes of action included unsuitability; negligent misrepresentation and suppression;...
Investor Michael Burry, who famously predicted the 2008 housing market crash and later was played by Christian Bale in the movie “The Big Short,” has bet more than $1.6 billion on a Wall Street collapse, according to an SEC filing this week. Burry is apparently going all-in, or close to...
The California Public Employees’ Retirement System has turned over thousands of pages of documents in recent months to Congress as the country’s largest pension fund faces Republican scrutiny for its investment practices intended to combat climate change. The $464 billion fund has been handing over the trove of information to...
Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate impacts, a shortcoming that could lead to higher costs, litigation and a hit to reputations, according to a new report. Only 20% of financial companies measure their exposure to nature-related risk,...
Don’t give up so quickly, all you browbeaten ESG investors. Consider impact investing instead. All the recent political furor surrounding environmental, social and governance investing has an increasing number of investors who were once looking to do well by doing good now saying good riddance to the whole idea of...
A promising opportunity lies on the horizon: the private real estate sector. Conversations with managers have revealed a developing potential within this space. Private real estate, as an asset class, is influenced by various market uncertainties that also impact other sectors. Factors like inflation, rising interest rates and financial challenges...
Every spring across the beaches of the Delaware Bay, thousands of rufa red knots — robin-sized shorebirds — arrive from the tip of South America for the horseshoe crab spawning season to refuel for the remainder of their 9,000-mile migration to the Arctic. This May, with considerably less fanfare,...