My adviser recommended an annuity. Is it the right move in this market environment?

Residents at the Ellery, a mixed-use residential development in Manhattan’s Hell’s Kitchen neighborhood, are getting another retailer at the base of their 33-story home.  PNC Bank has signed a 3,500-square-foot retail lease at the base of the property at 312 West 43rd Street, according to co-developers and co-owners Taconic Partners and National Real Estate Advisors….

Key insight: Fincen has proposed a rule that would bar U.S. banks from working with Banque Misr’s Emirati branches. Supporting data: Suspected Iranian shadow banking moved roughly $9 billion through U.S. correspondent accounts in 2024 alone, according to Fincen. Forward look: The comment period on the proposal closes Oct. 1, and no comments had been…

For most of financial history, markets kept fixed hours. They opened, they closed, and once they closed you were stuck: you couldn’t adjust a position or react to news until they reopened, so risk just sat there building over the gap. That’s changing now, and the clearest sign of it is two assets that look…

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While community banks have steadily lost market share by almost every conventional metric, they have simultaneously become more systemically important to the parts of the economy that cannot easily be standardized. Despite holding a fraction of U.S. banking assets, they remain the financial infrastructure for rural economies, agricultural borrowers and small businesses that national lenders…