Richard Bernstein Advisors CEO & CIO Richard Bernstein and Mike Arone, chief investment strategist … [+] at State Street Global Advisors, sit down with top advisor Victor Livingstone of Morgan Stanley at the Forbes/SHOOK event in Boston. Robert Castagna State Street Global Advisors chief investment strategist Mike Arone predicts two interest rate hikes and a…
Summary Guru established three new positions during the quarter. Abrams added to Change Healthcare stake. He also exited his PG&E holding. David Abrams (Trades, Portfolio), the leader of Abrams Capital Management, disclosed his third-quarter portfolio earlier this month. The former protégé of Seth Klarman (Trades, Portfolio) takes a fundamental, value-oriented approach to stock picking, investing in a fairly concentrated number…
getty TLDR Income inequality is taking a toll on economies around the world. The wealth gap contributes to larger societal issues. Accessible investing tools can help close the wealth gaps. Income disparity impacts both developing and developed countries across all corners of the globe, including the United States. And the gap is only widening, even…
Investors are preparing for continuing high inflation by pouring money into fixed income and credit hedge funds. However, these funds are underperforming the markets despite all the investor inflows they have been capturing. A semi truck drives past a price board at a Shell gas station near a church in Alexandria, Virginia … [+] on…
Richard Cordray, Chief Operating Officer of Federal Student Aid, reviewed the status of broad student loan forgiveness during a U.S. Department of Education conference for college financial aid administrators. Richard Cordray, COO of Federal Student Aid, reviewed the U.S. Department of Education’s efforts … [+] concerning student loan forgiveness. Getty Richard Cordray said that he…
Crypto taxes will be no picnic under the Infrastructure Bill getty What Happened Cryptocurrency tax compliance has historically been poor, but the government is trying to get better at collection. A controversial section of the Infrastructure Bill, signed into law by President Biden on November 15h, requires “brokers” such as cryptocurrency exchanges to issue Form…
Topline Stocks moved lower on Tuesday in yet another volatile session of trading amid fresh concerns about the new omicron Covid variant, with Federal Reserve Chairman Jerome Powell warning that it could pose a risk to the economic recovery—not to mention complicate the inflation outlook. Vaccine makers warned that existing treatments could be less effective…
More than 12,200 whistleblower reports of securities law violations were filed with the SEC this … [+] past year. (Photo by Brendan Smialowski/Getty Images) Getty Images The US Securities and Exchange Commission whistleblower program exploded this past year, setting astonishing records: The largest SEC whistleblower reward ever made ($114 million). The most SEC whistleblower reports…
Islands cofounders Nikhil Srinivasan (left) and CEO Tiffany Zhong (right) are hoping to provide tools for more creators and collectors to jump into NFTs. Islands After years spent trying to “bridge generations” by guiding brands and investors to better understand Gen Z, Islands CEO Tiffany Zhong is now trying to do the same for different…
CHICAGO – JUNE 10: Reiner Luyken puts gas in his car at a station June 10, 2008 in Chicago, … [+] Illinois. Gas prices recently reached a record national average of more than $4 per gallon. (Photo by Scott Olson/Getty Images) Getty Images Saving enough for early retirement often takes a few variables to succeed.…