Kevin Warsh passed another big test as a new Federal Reserve chairman on Friday: He said the central bank still has work to do on inflation, and the bond market took him at his word.
Matt O’Hara The past several rating actions and closings show where private-label mortgage credit is growing fastest. Home equity extraction, through lines of credit and second liens, persists, while non-qualified mortgages deals lengthen what’s been a record run. Processing Content Borrowers sitting on 3% mortgages won’t refinance to extract equity, so originators are routing that…
U.S. debt surpassing $40 trillion, global long-term yields spiking and U.S. Treasury Secretary Scott Bessent seeking to intervene have led bond investors to reassess. Private wealth alts products continue to raise funds, although flows into private credit have slowed. These are among the investment must reads for financial advisors this week.
MissionSquare Retirement, a Washington, D.C.-based retirement plan product provider focused on government employees, is expanding its personal wealth management services. The firm will offer brokerage accounts (including individual retirement accounts and taxable accounts), as well as a robo-advisor that supports IRAs and taxable, non-qualified investment accounts. MissionSquare manages and administers over $73.6 billion in assets,…
The Nagaland state is running three bumper lotteries on Saturday, August 1, which are part of sambad lottery. Nagaland’s lotteries are divided into three parts: the 1 PM, the 6PM, and the 8PM bumper draw. The first prize winner will get Rs 1 crore on each of the lotteries, while the second and third prize…
Despite FII stake reductions in the March quarter, several BSE 500 stocks rallied sharply, with top performers delivering returns of up to 220%, highlighting that foreign selling doesn’t always dictate stock performance.
Northern Trust will use Lukka’s platform to connect with more than 100 blockchains. Credit: Sorapop Udomsri/ Shutterstock.com. Northern Trust has collaborated with Lukka to add a digital asset reporting function to its services. Lukka supplies data infrastructure, software and analytical tools for institutions dealing with digital assets. Access deeper industry intelligence Experience unmatched clarity with…
