Michael Nagle/Bloomberg Wirehouses have largely gotten the message: due to competitive pressures there’s little latitude to keep chipping away at their grids. Advisor recruiting is becoming more of a frenetic struggle, not less. In addition to the already established players, there are now a host of boutique firms that are poaching $2 million-plus wirehouse teams.
Month: January 2021
Bitcoin price has re-established the $40,000 level as support but as bull push toward a new all-time high the possibility of another sharp sell-off looms. According to analysts at Material Indicators, a crypto analytics company, mega-whales sold off steeply when Bitcoin hit $40,000 on Jan. 7. This led to a quick 10% drop to the
Ski lifts are just a stone’s throw away from this newly built Truckee home designed by Bohlin … [+] Cywinski Jackson. Tahoe Mountain Realty It’s a skier’s or snowboarder’s ultimate dream. Get up, get dressed, grab your season pass, head to the equipment room for your gear and then step outside. Groomed slopes are right
Demonstrators march for housing justice in the Old Town neighborhood in Chicago, IL on June 30, 2020, demanding a lift on the Illinois rent control ban and a cancellation of rent and mortgage payments during the COVID-19 pandemic. Max Herman | NurPhoto | Getty Images More borrowers are getting current on their mortgages again, after
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the
Whole life insurance receives its name because it provides the owner with a death benefit for the whole lifetime. It is a form of permanent life insurance. Whole life also includes an accumulation and savings component through its cash value. Whole life insurance may be viewed as a fixed-income investment vehicle that incorporates a permanent
When global law firm Norton Rose Fulbright announced new partners added to its ranks Friday many women, including San Francisco-based Mary Kimura were among those promoted. Kimura was one of 10 lawyers in U.S., and the only public finance attorney, named to partner. The firm promoted 25 female lawyers globally, representing 53 percent of the
Many would agree that a global shift to electric vehicles (EV) is an important step in achieving a carbon-free future. However, for various reasons, EVs have so far struggled to break into the mainstream, accounting for just 2.5% of global auto sales in 2019. To understand why, this infographic from Castrol identifies the five critical
If they just do the things they have said they are going to do it’s the end of America. Say hello to the ‘Great Reset.’ Say hello to… Alex Newman interviewed on USA Watchdog by Greg Hunter Journalist Alex Newman says, “If Trump manages to pull it off and stay in, it’s still going to
As the market focuses on some of the major electric vehicle companies, Workhorse (WKHS) is slowly building an order book in the last-mile delivery van sector. The stock originally surged on the massive U.S. Postal Service contract potential, but the company is slowly building a solid backlog outside of the government service. Investors still have
Traders work on the floor of the NYSE. NYSE Markets will stay laser-focused on the prospect for more fiscal stimulus in the busy week ahead. Politics and politicians are likely to continue dominating the headlines, as Democrats seek President Donald Trump’s removal after a mob of his followers took over the Capitol Building on Wednesday.
by Robert Ross Bitcoin celebrated its 11th birthday on January 3. And what a party it’s been, with the world’s first and most famous cryptocurrency now trading near $40,000. Warren Buffett famously referred to Bitcoin as “rat poison squared.” The Oracle of Omaha might never own the King of Cryptos. But even he has to admit
Investments come in all different sizes with all sorts of risks. The kind of risk involved with investing has a lot to do with how much capital you put in, your investment horizon, and, more importantly, the kind of investment you choose. Some investment vehicles are safer than others. Stocks are inherently volatile, hedge funds
The stock market is off to a strong start in 2021, after robust gains last year despite the coronavirus pandemic. According to CNBC’s Jim Cramer, one reason for the continued rally in equities is, simply, a lack of people willing to sell. “There’s not enough stocks to go around,” Cramer said on “Squawk Box.” “The
Nancy Pelosi said she had spoken to the US military’s most senior officer about taking precautions to prevent an “unstable president from initiating military hostilities or . . . ordering a nuclear strike”. The conversation between the speaker of the House of Representatives and General Mark Milley, chairman of the Joint Chiefs of Staff, came as Democrats intensified their
Global equities looked set to cap the week on a strong note, following confirmation of Joe Biden as the next US president and expectations that his administration will inject more support into the economy. Wall Street’s S&P 500 index was 0.2 per cent higher by midday in New York, despite the latest US non-farm payroll
US President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images Stocks and taxes: what’s going to happen? The Democrats’ control of Congress has shone a new spotlight on Biden’s tax proposals, particularly those that would affect stocks and bonds. While
While the asset management industry has been watching and waiting for a mutual fund to become an ETF for the first time, it turns out history was being made with a conversion of another kind. A tiny U.S. hedge fund has just become the first to convert into an ETF. The actively managed Upholdings Compound
As the price of gold plunged on Friday, CNBC’s Jim Cramer said the rise of crypto may partly explain the sudden disinterest in the precious metal — a potential sign that the mainstream has flipped the script on Bitcoin (BTC) and digital assets. When asked why gold isn’t rallying amid the political chaos on Capitol
Mortgage interest rates continue their downward trend getty The new year has kicked off with a new interest rate, and it is lower than it has ever been. Mortgage interest rates closed at 2.65% last week for 30-year fixed-rate loans, based on the weekly report from Freddie Mac. This is down from 2.67% the previous
Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the U.S. Federal Reserve. Writing in the 2020 Q4 Market Letter, Miller explains that some companies are already converting to bitcoin in order to avoid incurring
Now that the 2020 is over, remorse may set in and you may be left wondering if you should have done something different to save taxes. A common question I hear is whether it make sense for retirees to take their required minimum distributions (RMDs) now or if they should save taxes by taking them
A San Francisco judge dismissed a lawsuit brought by a whistleblower accusing major banks of colluding to inflate variable-rate demand obligation interest rates. This week, Judge Anne-Christine Massullo in the Superior Court of California in the County of San Francisco said the plaintiff, Edelweiss Fund, did not sufficiently allege falsity under the state’s false claims
Silver price traded with strong negativity to break the intraday bullish channel’s support line and heads towards potential visit to the key support 25.50, making the bearish trend suggested in the upcoming sessions, taking into consideration that breaching 26.90 will push the price back ot the bullish channel followed by heading towards our next positive
Even at $50, many oil companies besides the low cost oil producers still face major challenges and lots of trouble… by Jason Burack of Wall St For Main St However, the Saudis had to announce a surprise (and very large) oil production cut of 1 million barrels per day to make this happen despite a
Magnite, Inc. investors, represented by Kaplan Fox & Kilsheimer LLP, are looking into claims by short-seller Spruce Point Capital Management that the company allegedly misled investors and thereby violated federal securities laws. Magnite shares dropped 6% after plunging as much as 13% during the day following the short-seller report released on Jan. 7. The company
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla remains on watch after rising for 10 sessions in a row, surpassing Facebook (FB) in market value, and making CEO Elon Musk the world’s richest person. The company’s shares rose 3.8% in premarket trading as of 7:35 a.m. ET.
by visualcapitalist The Briefing Plenty of psychedelic stocks have experienced triple-digit returns in the last year Optimism is brewing as governments grant research approvals for the study of psychedelics on mental health By some estimates, the psychedelic drugs market is projected to see compound annual growth (CAGR) of 16.3% to reach $6.85 billion by 2027 Psyched About Psychedelics Psychedelic stocks are trading
Taking a look at the balance sheet of the Federal Reserve, or for that matter, any central bank, is like seeing the eighth wonder of the world. Unlike any other business enterprise, the Fed can expand its balance sheet by printing as many dollar bills as it wants. It’s like creating winds merely by waving
Chamath Palihapitiya speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. David A. Grogan | CNBC Consumers have been sitting at home for months and months, and without typical things to spend money on, assets in bank accounts are growing. And that is a positive sign for stocks, according to
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