It was a big week on the regulatory front, with the industry attempting to make sense of new SEC proposals on retail alternatives and the IRS’s proposed tax changes to popular 351 ETF conversions. These are among the investment must reads for financial advisors this week.
FTSE Indexes Rise as UK Unveils £10bn Housing Boost; Builders Lead Gains Market Overview and Key Developments Aug 25 (Reuters) – The main UK stock indexes climbed on Tuesday, as housebuilders were lifted by the British government’s plans to spend £10 billion on lower-cost housing, while investors awaited key events later in the week. The…
After past snubs, social-media site Reddit has landed a spot on the S&P 500, sending shares on an after-hours rally Thursday.
With this year’s crop of superstar IPO filings, including SpaceX and Anthropic, there has been a greater focus on the role venture capital plays in investors’ portfolios. The stage at which promising companies go public has moved much later in their evolution, meaning that investors seeking the outsized returns of betting on the next Apple,…
“The Fed needs to make sure that everyone understands that they maintain their dual mandate, and that inflation is more important right now than unemployment, because we’ve seen solid jobs numbers,” she said. “They need to put a lid on inflation and raise rates.” Sam Williamson, senior economist at First American, said the increased pressure…
I love Cancún’s balmy, multi-blue-toned water, but I’m less fond of the crowds, nightlife, and traffic. These days, when I travel, I want as much peace and nature as possible, from calming ocean waves to the squeaky chatter of local birds. I’ve been to Cancún countless times, but recently visited the nearby Isla Mujeres for…
Oil Prices Surge After US Strikes on Iran’s Larak Island Escalate Tensions Market Reaction and Geopolitical Developments By Florence Tan Oil Price Movements SINGAPORE, Aug 31 (Reuters) – Oil prices jumped more than $1 a barrel on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran,…