With bonds offering their juiciest yields in years, we queried some wealth management pros on where they see the best fixed-income opportunities now: David Rossmiller, Bessemer Trust: We like longer b...
Tag: Financial Investment Services
The U.S. economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks
Investors are trying to read the tea leaves in a choppy U.S. stock market to gauge whether its recent run higher can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at t...
T. Rowe Price Has Had a Rough Time of Late. Negativity in the Money Manager’s Stock Could Be Overdone.
Money manager T. Rowe Price Group has fallen way out of favor on Wall Street. There are 15 analysts covering the stock, according to FactSet. None say to buy. More say to sell than hold. That’s approa...
FTX fiasco one of the most egregious cases of ‘gross negligence,’ says Ackman
Hedge-fund titan Bill Ackman appears to be walking back comments he made via Twitter last week about Sam Bankman-Fried that some interpreted as implicit support for the 30-something who presided over ...
Sam Bankman-Fried ‘Wasn’t Even Trying’ to Manage Risk at FTX, He Says
FTX founder Sam Bankman-Fried said he made no effort to manage risk at the digital-asset exchange that filed for bankruptcy in November, part of a blitz of public statements about major oversight fail...
‘It has been a nearly continuous plunge.’ My accounts are down 13% this year, but my financial adviser hasn’t made a single adjustment — and is still taking his 1%. Do I even need him anymore?
Getty Images/iStockphoto Question: I have heard it a thousand times: “People make more money with a financial advisor, don’t lock in your losses, stay invested,” etc. So I started with a financial adv...
This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.
A day after the Dow DJIA, -0.11% climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stocks look ready to rethink on that optimsim, even after fresh inflation data showed ...
BlackRock Sees Opportunities in Energy and Healthcare Stocks in 2023
Navigating markets in 2023 demands a new investment playbook, one that favors the healthcare and energy sectors along with short-term government bonds and investment-grade credit, according to BlackRo...
Sam Bankman-Fried’s FTX roadshow goes on: 10 crazy things he’s just said
Sam Bankman-Fried sure isn’t going quietly into the night. With his crypto empire in ruins, numerous federal probes and years of litigation hanging over his head, the FTX founder has counter-intuitive...
Dow ends over 700 points higher to exit bear market after Powell signals smaller interest-rate hikes ahead
U.S. stocks finished sharply higher on Wednesday, with the Dow Jones Industrial Average rising over 700 points to technically exit a bear market, after Federal Reserve Chairman Powell said the central...
Crypto lender BlockFi is suing Sam Bankman-Fried over his shares in Robinhood: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against a holding company by FTX founder Sam Bankman-Fried over his shares in t...
Binance launched a proof-of-reserves system for bitcoin holdings. What are proof of reserves?
Crypto exchange Binance launched a new website that explains its proof of reserves system. But why did the company do it and what does it mean? Here’s a breakdown of why the term has been making its r...
Where to Get Yields of 10% and Up, if You Can Stomach a Little Risk
The $280 billion convertibles sector is replete with 10%-plus yields on many issues. There is a risk in these high-yielders, but they can offer nice appreciation potential and a good alternative to th...
Investors Have Lost Faith in Crypto Exchanges. JPMorgan Sees an Opportunity.
A string of crypto business failures has stranded millions of dollars in customer funds this year, underscoring the level of trust needed for groups that are custodians of digital assets. JPMorgan Cha...
Binance U.S. Arm to Bid for Bankrupt Voyager Digital’s Assets After FTX Collapse
The U.S. arm of Binance, the world’s largest cryptocurrency exchange, will make a bid for bankrupt lender Voyager Digital following the collapse of FTX, which in September won an auction for the comp...
The Disney CFO Who Raised Concerns About Bob Chapek Has Respect on the Street
Christine McCarthy, Walt Disney Co. ’s longtime finance chief, took an unusual step when she expressed a lack of confidence in the chief executive to directors of the entertainment giant. Finance chi...
Wall Street Is Saying ‘No’ to a Bitcoin Rebound. Bearish Bets Are Piling Up.
Bitcoin has been licking its wounds from two-year lows in the wake of crypto exchange FTX’s bankruptcy this month. Sentiment may be cautiously improving in the digital-asset world, but investors on Wa...
$740 million in crypto assets recovered so far in FTX bankruptcy
NEW YORK — The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentia...
Google looks to shed 10,000 ‘poor performing’ workers: report
Another major tech titan is bracing for thousands of layoffs. Alphabet Inc.’s GOOGL, +1.45% GOOG, +1.53% Google is considering 10,000 layoffs — or 6% of its worldwide workforce — based on a ranking sy...
Opinion: Fidelity sticks with bitcoin 401(k) offerings despite crypto turmoil — but why?
I have to hand it to Fidelity. For their nerves of steel, at least. The company that runs America’s biggest 401(k) platform is sticking with its plans to offer bitcoin in retirement plans. This is des...
2-year Treasury yield reaches one-week high as traders assess likelihood of more Fed rate hikes
Treasury yields jumped on Friday, sending the 2-year rate to a one-week high, after Boston Fed President Susan Collins put another aggressive 75-basis-point rate hike on the table for December’s polic...
Why Bitcoin Has Weathered FTX’s Collapse and Why It Isn’t Time to Buy
The bomb that went off this month in the crypto industry has only given Bitcoin a flesh wound. There are good reasons why the largest crypto token has held up despite the disorder that surrounds it, b...
Schwab’s Liz Ann Sonders Sees Trouble Still Ahead. Where to Invest Now.
Though the U.S. stock market looks healthier than it did during its rough patch over the summer, Charles Schwab Chief Investment Strategist Liz Ann Sonders sees potential trouble still ahead, especial...
Scaramucci says he did buy FTX token after getting investment from Sam Bankman-Fried
Anthony Scaramucci’s investment fund SkyBridge Capital bought $10 million worth of FTT tokens after receiving an investment from FTX founder Sam Bankman-Fried. The Financial Times reported on Thursday...
FTX victims are setting up GoFundMe fundraisers to try to get their money back
People who say they have lost money in the collapse of crypto exchange FTX are turning to strangers to cover their losses by setting up GoFundMe fundraising pages. They include a man who says that he ...
Sam Bankman-Fried, Tom Brady and Steph Curry named in lawsuit over FTX collapse
Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, has not had a good couple of weeks. The crypto maven known as SBF has seen his company go bankrupt and his net worth drop by billions of ...
Cloud software is suffering a cold November rain. Can Snowflake and Salesforce turn it around?
The week after Thanksgiving could determine if cloud software is still too fat or if there are some tasty leftovers for Wall Street. Autodesk Inc. ADSK, +1.82% signaled a slowdown in business spending...