First Republic poached a top-ranked Merrill Lynch team, adding to the burgeoning advisor ranks at the boutique wealth manager. Advisors John C. McNamee and Daniel J. White joined First Republic in Century City, California, according to the bank. The team previously oversaw more than $4.5 billion at their former employer, according to Barron’s. McNamme was
Bitcoin price is steamrolling toward $18,000 and excited traders are calling for the top-ranked digital asset to overtake the 2017 all-time high at $19,763. Unless you’re a bear, reaching a new all-time high is great but ideally, for a sustainable rally to maintain its pace, a staircase uptrend is more beneficial than a sudden upward
Kent Clothier, a national leader in the real estate investing industry, is the Founder and CEO of Real Estate Worldwide (REWW). getty You’ve heard that buying a rental property can be a fantastic way to produce passive income, and you’re ready to invest. But there’s a problem: all the best markets are outside your local area. Can
Exterior view of Villa Firenze in Beverly Hills, California Concierge Auctions A $160 million mansion in Beverly Hills, California, is headed to the auction block, making it the most expensive listing ever to auction. The nine-acre estate, called Villa Firenze, will be sold to the highest bidder, with no reserve, by Concierge Auction next month.
Game of Thrones and The New Mutants actress Maisie Williams has started a poll on Twitter seeking opinions on whether she should invest in bitcoin. Among those who replied was Spacex and Tesla CEO Elon Musk who wrote: “Toss a bitcoin to your Witcher.” Should Maisie Williams Go Long on Bitcoin? As the price of
Are you tired of renting? Are you considering purchasing your first home? Do you dream of owning a house that can provide both you and your family a sense of stability and community? For many Americans, home ownership is an important part of the American dream. Being a homeowner means having a space to call
New Jersey’s $3.7 billion tax-exempt COVID-19 emergency bond deal was oversubscribed to the tune of $40 billion, repriced by as much as 20 basis points to lower yields, coming amid a stronger municipal market Tuesday. The strong demand amid a dearth of new municipal issuance by states and a search for yield also allowed New
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) - Gold and silver futures prices are slightly lower in quiet midday U.S. trading Tuesday. Trader and investor risk appetite is waning
Instead of human progress, impoverishment and suppression is the future of humankind. The implicit consequence of the planned… by Antony P. Mueller via Mises If one takes the publications of the World Economic Forum (WEF) as an indication of how the “Fourth Industrial Revolution” will change society, the world is facing a massive onslaught against
Sea Ltd. posted a 3Q loss of $0.69 per share, larger than the loss of $0.53 per share expected by analysts and the year-ago loss of $0.38 per share. The Southeast Asian gaming and e-commerce company’s 3Q sales spiked 98.7% to $1.2 billion year-over-year, missing the Street consensus of $1.4 billion. Sea’s (SE) 3Q digital
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Tesla — Tesla shares rallied nearly 10% after S&P Dow Jones Indices said it would add the electric car
by DCG Last Thursday, Oregon Governor Kate Brown tweeted that Oregon will be going under a “two-week freeze” to stop the spread of Wuhan virus beginning November 18. During the Two-Week Freeze, we all must do our part to slow the spread of COVID-19 and save lives. What does that mean for your family? Find out
If you have an asset, you can probably get a loan against it. Your paycheck, your tax return, your home, your 401(k), and, yes, even your pension if you’re one of the relatively few people who still have one. If you’ve never heard of a pension advance, consider yourself lucky. They’re also called pension sales,
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters Pharmacy stocks fell sharply on Tuesday after Amazon launched its new Pharmacy offering, which includes online ordering and delivery for prescription drugs. Dow Jones Industrial average member Walgreens Boots Alliance dropped more than 11% in
My first thought was “only in Washington”. My second was “where can I get one?” As fans of Joe Biden cheered his election win near the White House two weekends ago, a journalist photographed one who was cloaked in a Nato flag. That minatory compass on a blue background would have stood out against the
FT premium subscribers can click here to receive Trade Secrets by email Greetings from Tokyo. The big news in Asia is the long-awaited signing of the Regional Comprehensive Economic Partnership (RCEP), a sprawling free trade deal that takes in the 10 members of the Association of Southeast Asian Nations along with Australia, China, Japan, New
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images Money is pouring into stocks through exchange-traded funds. You can thank the potential vaccines. Money is pouring in because U.S. investors who have been reluctant to put money
Q: I’ve been having a “debate” with my compliance department. They tell me I need to get all the information requested on the new account forms from clients. I don’t see why I need to get a client’s household income, liquid net worth and total net worth. It just seems like overkill and some clients
Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency. In a Nov. 17 Reuters interview, Yamaoka explained that the BoJ is concerned about a CBDC potentially triggering massive outflows from
Chief Executive at EastBanc, a multinational real estate development company headquartered in Washington, D.C. getty Holiday shopping has started early this year, as government subsidies and deep discounts continue to encourage healthy spending patterns among consumers. However, consumers are still looking for ways to embrace the traditional holiday experience. Main Street shopping districts have the power
Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like it. He said that bitcoin’s staying power is getting better every day. Bill Miller’s …
getty Out-of-control medical expenses are one of the greatest fears of retirees and pre-retirees. Many people are concerned that high medical expenses could deplete their nest eggs . But most people can put a lid on how much they spend out of pocket on retirement medical expenses, and there are a couple of tools that
Despite tangible evidence dispelling that it’s hard to find Black talent, the financial services have yet to crack the code when it comes to building a representational workforce. But is representation a sufficient solution on its own? Join us for a panel discussion with host Tobias Salinger of Arizent featuring guests from the Access Denied:
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) – Gold is trading marginally higher leading into the EU session and silver is slightly behind after falling half a percent.
Now that the bubble has burst, the hope is that removing the pin will magically restore the burst bubble. Sorry, it doesn’t work that way… by Charles Hugh Smith via Of Two Minds Now that the bubble has burst, the hope is that removing the pin will magically restore the burst bubble. Sorry, it doesn’t
Qualys announced that it has teamed up with Google Cloud to provide out-of-the-box security support for its artifact registry, which is used to store and manage container images and language packages. As part of the new integration, security and DevOps teams can set up automated security scans of container artifacts in Google Cloud’s artifact registry.
Traders work the floor of the New York Stock Exchange. NYSE FANG may be lagging, but don’t count technology stocks out. Positive news on vaccines has spurred buying in cyclical stocks that should do well when the economy is running at full speed again. Last week, tech stocks, and high-flying FANG names, sold off after
By Vanand Meliksetian Japan is famous for its unique culture and technological prowess. What makes the world’s third-largest economy even more remarkable is the absence of significant natural resources that are necessary to power industrial processes. Japan has an extremely high import dependency which is unusual for a major economy. To make matters worse, the
When it comes to the world of investing, most people don’t know where to start. Fortunately, great investors of the past and present can provide us with guidance. These investment quotes date back to Ben Franklin, and some are from modern experts like Dave Ramsey and Warren Buffett. The 25 quotes here were selected for
Jay Clayton, who has led the Securities and Exchange Commission for the past three and a half years that included a number of major changes in financial markets, said Monday he will step down at the end of the year. “Working alongside the incredibly talented and driven women and men of the SEC has been