About a third of an H2O Asset Management fund was invested in illiquid bonds when the French regulator forced its suspension, more than three times higher than a regulatory limit on hard-to-sell assets. In a rare intervention, France’s financial regulator last week asked H2O to suspend a series of its funds because of their exposure
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You knew this was coming. The market internals had been flashing warning signs for a couple weeks: very few new highs, very sloppy advance/decline line, low short interest, and a lot of talk about FOMO (Fear of Missing Out) and TINA (There Is No Alternative). All signs of frothiness. So what is this? Is this
This has been a taxing year for many clients in many ways, and it could get even tougher — investment-wise — unless financial advisors take action to help clients steer clear of a potentially painful (and surprising) 2020 capital gain payments from mutual funds and ETFs. With extraordinary COVID-19-related portfolio volatility and outflows, tax considerations
Meta-DeFi protocols are becoming increasingly popular following the success of Yearn.finance. The project is essentially a yield farming hedge fund that lets people participate in complex strategies to farm the governance tokens, or GTs, of other protocols. Yearn is just about business — it sells any tokens it obtains through its activity. But a new
David is CEO of Move, Inc./realtor.com. Realtor.com makes buying, selling, and living in homes easier and more rewarding for everyone. getty Before I joined realtor.com, I thought of online home search the way most people probably do — a way to look at pretty pictures of homes, dream about where my family and I might live, and
Scott Mlyn | CNBC After holding flat for a couple of weeks, the number of borrowers in public and private coronavirus-related mortgage bailout programs saw a much bigger improvement than expected. Most still in getting aide, however, have extended their terms, suggesting they are still unable to get current on their home loans. The number
The cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all the crypto coins shaved more than 10% during yesterday’s trading sessions. More than 12 hours later, a number of the top crypto assets are still down in value between 4-12%, and some digital coins saw even bigger losses during
(A previous version of this column reversed the percentage allocations to stocks and bonds.) iStock Vanguard Wellesley Income Fund celebrated its 50th birthday in July. A mutual fund being in business that long has become about as rare as couples reaching their 50th wedding anniversary, and so the fund’s longevity is noteworthy in its own
As the November election draws near, some attention has been focused on a particularly contentious plan by Joe Biden to eliminate the 401(k) deduction. In truth, Biden isn’t proposing to eliminate the 401(k) deduction as much as to replace it with a tax credit. AFP via Getty Images Be that as it may, defined contribution
Pennsylvania Gov. Tom Wolf repeated his call for state lawmakers to consider the legalization of adult-use cannabis to help with the commonwealth’s recovery from COVID-19. “We see a desperate need for the economic boost cannabis legalization can provide,” Wolf told reporters Thursday. He made a similar plea last fall, before the pandemic hit. “We see
Sep 04, 2020 , 6:40PM Gold, Silver prices fall in Delhi amid rupee appreciation Representational Pic Gold prices were marginally down by Rs. 56 to Rs. 51,770 per 10 grams in the national capital amid rupee appreciation. Silver also declined Rs. 738 to Rs. 68,371 per kg. In the global market, gold was trading with gains
The only agenda of the Fed is to increase the pain in the long term; they have no intention of actually preventing any disaster… by Brandon Smith via Alt-Market Since the pandemic lockdowns were first implemented in the US I have been more concerned with the government and central bank response than the virus itself.
Yext shares rose over 4% in pre-market session on Friday after delivering upbeat 2Q results. Its revenue of $88.1 million soared 22% year-over-year and also came ahead of analysts’ expectations of $85.2 million. The software developer reported 2Q loss of $0.07 per share, but it was narrower than analysts’ loss expectations of $0.12 per share.
As Phase One of reopening begins in Northern Virginia today, a waiter in a face mask to protect against the coronavirus (COVID-19) carries food to diners seated outdoors at a restaurant in Alexandria, Virginia, May 29, 2020. Kevin Lamarque | Reuters The pace of rehiring is expected to have slowed in August, and the economy
Stocks exploded higher yesterday with a massive intervention coming around 11:30AM. As impressive as this intervention was, it was NOTHING compared to the one that hit FANG stocks. The FANG index soared over 3% when the intervention hit at 11:30AM. This has been the overall theme since the market bottom in March. The big FANG
Nailing the Investment Banking Interview Many business students want to land an entry-level job in investment banking, but they freeze during the interview when asked some of the more common technical questions. Getting the first interview is often a difficult task all on its own, so you need to be ready to answer some of
JAB Holdings is preparing to appoint a new chief executive to its €19bn coffee business, as freshly listed JDE Peet’s grapples with shifts in consumer drinking patterns triggered by the pandemic. Fabien Simon, currently a partner and chief financial officer at JAB, will take over as chief executive after pushing ahead with the company’s IPO
European and Asian shares tumbled, following a rout on Wall Street overnight led by heavy selling of Apple and other technology stocks. In Europe, the continent-wide Stoxx 600 fell 0.2 per cent in early dealings on Friday, with Frankfurt’s Xetra Dax slipping by the same amount and London’s FTSE 100 dropping 0.3 per cent. In
In a signal of the economic toll of the coronavirus pandemic, annuity sales are tumbling and shifting toward protection-based products. Fixed-rate deferred annuities and registered index-linked annuities, also known as structured or buffered variable annuities, represent the bright spots. Broker-dealers are fueling sales of both products, according to the LIMRA Secure Retirement Institute. BDs generated
Singapore Exchange (SGX), a major investment holding company in Singapore, has issued its first digital bond powered by blockchain technology. As officially announced on Sept. 1, SGX deployed its digital asset issuance platform to conduct a 400 million Singapore dollar ($294 million) 5.5-year public bond issuance for major local food and agri-business company, Olam International.
A ban on evictions is meeting resistance from rental housing providers. getty An eviction moratorium issued Tuesday by the Centers for Disease Control and Prevention is drawing a chorus of disapproval from multifamily housing advocates who say the action is overly burdensome and interferes with their own obligations to provide safe and affordable housing. The
Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition (TDLC), which must rule on the case. The Itau Bank, which initially reported the
Fixed Index Annuities Caveat In this discussion of fixed index annuities, which use to be called equity indexed annuities, I am mostly making an implicit assumption that the annuity is competitively priced. Internal costs reflect was is needed to support the guarantees provided by the insurance company and to keep the company reasonably profitable. But
Inflows into municipal bond mutual funds slowed to the lowest level since last July, with Refinitiv Lipper data showing investors put $139.364 million into the funds in the latest reporting week. Muni funds have been on a winning streak since May 13, with most week’s seeing over $1 billion of cash flowing into the funds.
The Fed owns a total of 22,913 different securities and is the largest investor. Talk about crowding out the private sector and picking winners & losers… by Jason Burack of Wall St For Main St The Federal Reserve has snapped up $1 trillion of mortgage bonds since March, a record pace of purchasing. The Fed
On Tuesday, Nvidia’s (NVDA) launched its new PC gaming GeForce graphics processing units, the 2nd gen GeForce RTX 30 Series – the 3090, 3080 and 3070 GPUs— all based on the company’s Ampere architecture. The “30 series” offers gamers and game developers extra performance and flexibility and boasts GPUs with 3D rendering gaming engines, 3rd-gen
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters When stock buying starts to get giddy, at some point, the froth has to blow
by Chris Vermeulen of The Technical Traders RESEARCH HIGHLIGHTS: A Phase II rally in metals is just getting ready to start. Phase II rallies are very explosive and tend to enter Parabolic trends. Gold could rally 250% to 350% over the next several years. Silver could rally 550% to 750% over the next several years. My research team
Homeownership remains a vital part of the American dream. Maybe that’s why there are a host of incentives designed to make it easier for first-time homebuyers to afford a place. These incentives include federal and state grants, tax credits, and other options. Even if you’ve owned a home in the past, you may qualify for