By Suzanne McGee (Reuters) – What a difference a year makes. Rewind the clock to early January 2024, and the asset-management industry was anxiously watching to see if the much-anticipated debut of U.S. spot bitcoin exchange-traded funds could live up to expectations they would pull in as much as $30 billion in their first year. …
Cryptoverse: Next wave of US crypto ETFs already in the pipeline Read More »
By Niket Nishant (Reuters) -Shares of SoFi Technologies fell 6% on Thursday after KBW downgraded its stock on concerns over the fintech firm’s lofty valuation and ambitious financial targets, further cooling a months-long rally. Analysts at the brokerage firm rated the stock “underperform” and established a price target of $8 — nearly half of SoFi’s …
SoFi shares fall after KBW downgrade on valuation concerns Read More »
By Hadeel Al Sayegh DUBAI (Reuters) – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries. Mubadala and its subsidiaries deployed $29.2 billion in 2024, up from $17.5 billion …
Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender Read More »
By Mark Miller (Reuters) – Social Security is an earned benefit. You become eligible by paying the payroll tax during your working years, and the amount you get is geared to your wage history – with a glaring exception. Since the 1980s, some public sector workers have seen their earned Social Security benefit amounts cut …
By Chris Taylor NEW YORK (Reuters) – For many people, financial resolutions might be lighthearted fodder for small talk at holiday parties. Not for Cynthia Luna. She is deadly serious about them. The financial planner from Waxahachie, Texas sends all her clients New Year’s cards with their resolutions written down in black and white. If …
Go Small: Using financial resolutions to get your money right Read More »
By Chris Taylor NEW YORK (Reuters) – As you gear up for last-minute holiday shopping at any big box retailer, there is a good chance you will be offered a store credit card with a nice discount on today’s purchase and even a 0% interest rate for an introductory period. What’s not to like, right? …
How to avoid store credit cards with a potential debt bomb Read More »
By Chris Taylor NEW YORK (Reuters) – ‘Tis the season for giving, and more Americans are planning to give year-end holiday tips. But figuring out who gets what can be tricky. “In recent years, with inflation cutting into our purchasing power, it felt like we couldn’t give as much as we wanted,” says Bankrate senior industry …
Spread holiday cheer with this year-end tipping guide Read More »
By Lawrence White and Selena Li LONDON/HONG KONG (Reuters) – Standard Chartered (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider strategy to shift to higher fee-earning businesses. The Asia-focussed bank wants to expand in serving wealthy …
By Ross Kerber (Reuters) – U.S. energy regulators have another window of opportunity to clarify the role that giant fund firms should play in corporate ownership. It’s a good chance to resolve a nagging question for investors and stock issuers alike. In October BlackRock asked the U.S. Federal Energy Regulatory Commission to extend for another …
Column-Funds wait on US energy regulator to answer a $26 trillion question: Ross Kerber Read More »
By Mark Miller (Reuters) – The next U.S. president and Congress will need to tackle the financial challenges facing Social Security if we are going to avert a sharp cut in benefits to the 68 million retired or disabled Americans who rely on the program. Social Security’s combined retirement and disability trust funds are on …
Column-How Trump or Harris would address Social Security’s problems Read More »
