Despite Bitcoin (BTC) not yet emerging as an “asset class per se,” JPMorgan considers it important to meet the demand for cryptocurrency investment, according to a senior wealth management executive. A large number of JPMorgan clients see digital currencies like Bitcoin as an asset class, the company’s director of asset and wealth management Mary Callahan
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Financial planning is a rewarding career with a strong job outlook. While financial planning jobs are abundant, the competition for them is intense, which makes acing the job interview of paramount importance. First impressions matter. A good first impression gives you an immediate leg up. A bad one, by contrast, can put you in a
Novartis is hoping to cement an early lead in a potential $10bn market for a new type of cancer treatment, called novel radioligand therapy, after positive results from its trials. Vas Narasimhan, Novartis’s chief executive, said the pharmaceutical company has large-scale manufacturing capacity and relationships with hospitals, which will have to invest to adapt to
The banking industry needs to take a different approach to building new technology if it is to keep up with innovation at fintech companies, according to the former head of Goldman Sachs Asset Management, Sheila Patel. Growing competition from start-ups has contributed to increased spending at the top US banks, but they could be better
A Houston, Texas-based midsize independent broker-dealer will pay $750,000 to settle a FINRA case for alleged systemic supervisory failures relating to excessive trading and variable annuities, according to the signed agreement. The firm, NEXT Financial Group, was also censured and required to retain an independent consultant. Atria Wealth Solutions, which acquired NEXT in June 2019,
Wells Fargo analyst Allison Poliniak maintained a Buy rating on Greenbrier (GBX – Research Report) on July 6. The company’s shares closed last Tuesday at $41.98. According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 19.6% and a 69.9% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such
Sharing is Caring! by Charles Hugh-Smith So go ahead and say whatever you want around all your networked devices, but don’t be surprised if bad things start happening. I received another “Our Terms Have Changed” email from a Big Tech quasi-monopoly, and for a change I actually read this one. It was a revelation on multiple
An American Airlines plane lands at the Miami International Airport on June 16, 2021 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Simon Property Group — The mall operator rose 5% after Stifel upgraded the stock to buy from hold. The Wall Street firm said Simon
New York City homebuyers expecting to find less competition this summer may be in for a shock. The Manhattan summer buying season is shaping up to be one of the most active in recent memory, according to a new report from real estate data provider UrbanDigs. Traditionally, the summer months bring warm weather and a
The nation’s homebuilders continue to be thrilled with buyer demand, but higher construction costs are starting to eat away at their confidence. A monthly sentiment index from the National Association of Home Builders dropped 1 point to 80 in July. The index stood at 72 in July 2020. Anything above 50 is considered positive. The
A documentary project called “Ethereum: The Infinite Garden” has raised 1,036 ether to complete its fundraising proposal. The project will use these funds to finance the first feature-length Ethereum documentary, that will cast members from the community and key individuals from the Ethereum Foundation, including Ethereum co-founder Vitalik Buterin. The initiative aims for a 2023
When we talk about estate planning in 2021 and beyond, what are we doing with our wealth and investing if tax rates start going up? How has technology changed the estate planning process? Should you sell a business or change your succession plan in light of potential legal changes coming from D.C.? Estate planning is
eMerge Americas, a venture-backed platform focused on changing Miami into the tech hub of the Americas, closed a round of investment led by Florida Funders, the firm announced on Tuesday. Florida Funders is a a venture capital fund and an angel investor network, and its investment in eMerge Americas is aimed at helping Miami’s tech
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Yesterday, China’s MMG informed its shareholders and potential investors that the company is expected to record a net profit after
Fed claims to have the tools to fight inflation if it gets too high, but not using them now proves they don’t… by Peter Schiff of Peter Schiff Podcast Government data says inflation worse than the 80s; real data says inflation already worse than the 70s.Hypocritical Republicans criticize Biden for the same policies they pushed
A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central Bank Digital Currency, or CBDC. The document laid out two scenarios that might result in the bank issuing a CBDC at some future date. One would be if citizens
Is a mortgage or car loan in your future? If so, there are a few things you should know before you try to make that dream a reality. Buying a home or a car is a huge financial responsibility, one that requires a lot of time, discipline, and money. Most of us don’t have enough
Google and Mukesh Ambani’s Jio are hoping to crack one of the world’s largest untapped smartphone markets, launching a device they hope will be cheap enough to convert 450m Indians on “dumb” handsets into smartphone users. The JioPhone Next, a successor to Ambani’s earlier-generation JioPhone, has been designed by the companies to run a custom version of
The New Shepard Blue Origin rocket prepares to lift-off from the launch pad carrying Jeff Bezos along with his brother Mark Bezos, 18-year-old Oliver Daemen, and 82-year-old Wally Funk prepare to launch on July 20, 2021 in Van Horn, Texas. Blue Origin | Anadolu Agency | Getty Images VAN HORN, Texas — Jeff Bezos‘ space
Netflix lost 430,000 subscribers in the US and Canada in the second quarter and issued weaker than expected forecasts for later in the year, rekindling investor doubts over how the streaming group will fare after the economic reopening. The California-based company predicted it would add 3.5m subscribers in the third quarter, disappointing investors who were
UBS Wealth Management Americas more than doubled its pretax operating profit, despite the net loss of 136 financial advisors from a year earlier. The wirehouse reached a record $505 million in pretax income after its thinned-out force of 6,274 advisors reeled in net new advisory assets of $13.5 billion, UBS said in disclosing its second-quarter
The list of “if only I had invested in xxx back when” is an endless one, and recent examples will probably include Bitcoin in 2011, Amazon a decade beforehand and Apple and Microsoft toward the end of the last century. Regrets, regrets. However, there are always new opportunities, it is just being able to spot
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the streaming platform slid 2% in after hours trading after reporting
Backpacks and loose-leaf binders are sliding into the seasonal aisles of your favorite retail chains as back-to-school season approaches again. Millions of parents across the country look forward enthusiastically to their kids being in the classroom after the strangest year in most of their lifetimes. If you’re one of them, there are adjustments you can
An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters There are several signs in the market for newly built homes that point to a potential slowdown for the nation’s homebuilders. Data released Tuesday added to the evidence
California Treasurer Fiona Ma is facing a lawsuit from a former executive director who is accusing her of sexual harassment, discrimination and wrongful termination. Judith Blackwell, who at one point oversaw two key housing finance agencies, said the treasurer exposed her naked rear end to her many times and gave her gifts such as edible
Today’s column addresses questions about a strategy to maximize a survivor’s benefit, whether SSA recalculates benefit rates due to continued SSA taxed income and whether the WEP applies to pensions based on totalization agreements. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
Reuters Videos Wall Street plunges as Delta variant sparks fears The Dow plunged more than 700 points Monday as fears of the fast-spreading Delta variant sparked a broad sell-off on Wall Street, sending investors seeking safety to the bond market. Investors worried about the strength of the economic recovery as the highly contagious COVID-19 Delta
There will be FIREWORKS in the Silver Market… by Steve St Angelo of SRSrocco Report Why did the iShares SLV ETF add so much silver to its inventories yesterday when the price of silver sold off? The iShares SLV ETF added more silver in one day than the combined 4-week net change of several of