Bitcoin and other cryptocurrencies were weaker Friday, struggling into the end of a bearish week for digital assets as Bitcoin plunged after notching an all-time high. While analysts and traders remained bullish on the outlook for crypto, there are still warning signs that a correction may not be over. The price of Bitcoin has fallen
Tax day is almost here, and, thanks to higher interest rates, many investors are finding they earned a lot more income from their portfolios in 2023—and now they owe the government a piece of it. “That’s a good thing,” says Mary Ellen Stanek, co-chief investment officer at Baird Asset Management. “But it means investors need
US lawmakers moved Thursday toward prohibiting any further funding for the UN’s embattled agency for Palestinians, which Israel has sought to link to Hamas. President Joe Biden’s administration has already suspended funding for UNRWA — despite saying its work in war-ravaged Gaza was invaluable — after Israel alleged that several of its employees participated in
Barclays is preparing a fresh wave of job cuts that will affect hundreds of employees within its investment bank, according to reports. The UK lender, which unveiled a strategy revamp in February in a bid to boost returns and cut costs, will strip out hundreds of roles across investment banking, research and markets, Bloomberg reported.
How are financial advisors feeling about Bitcoin these days? In years past, many have expressed deep skepticism, citing price volatility, regulatory uncertainties, and even cryptocurrencies’ use in criminal activities. While plenty of doubts remain, the landscape has changed. In January, the Securities and Exchange Commission approved 11 spot Bitcoin ETFs. Two of the biggest, BlackRock’s
A top Vietnamese property tycoon went on trial Tuesday accused of cheating thousands of investors in a $355 million bond scam, in the communist nation’s latest criminal case targeting high-flying business leaders. Vietnam has embarked on a sweeping graft crackdown in recent years, with corrupt officials and senior business figures among 4,400 people indicted in
Now Boeing investors, whether they like it or not, have to prepare themselves for Monday’s trading session with as much detail—and context—as possible. On Friday, a United Airlines flight was found to be missing an external panel when it landed in Oregon. The plane involved was a 25-year-old 737 NG, or Next Generation, model. Boeing’s
Figuring out how much you can safely spend each year is an especially fraught question for retirees worried about outliving their savings. Life span and health status are variables no one can plan for. Despite saving consistently and investing diligently over a lifetime, retiring into a market downturn or unexpectedly needing expensive medical treatment can
The Fed’s High Interest Rates Are Helping Pension Funds Close the Gap
This is commentary by Allan Sloan, an independent business journalist and seven-time winner of the Loeb Award, business journalism’s highest honor. We hear lots of talk about the problems that high interest rates have been causing since the Federal Reserve began jacking up rates two years ago. We also hear endless talk from people waiting