Morgan Stanley tells financial advisers they can pitch Bitcoin ETFs as crypto bets big on Trump presidency: report
Morgan Stanley is reportedly getting involved in a Bitcoin ETF. Morgan Stanley’s roughly 15,000 advisors can reportedly guide clients in buying shares in BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. CNBC reported the story based on anonymous sources.. Reports of a policy shift by Morgan Stanley, the sixth-largest U.S. bank, come as […]
Wayfair CEO says demand for home goods are at ‘great financial crisis’ levels
Wayfair shares are plummeting after its CEO said on an earnings conference call that demand for home goods is at “financial crisis” levels. The struggling online furniture giant reported second-quarter profits on Thursday that missed Wall Street expectations on both the top and bottom lines, sending its shares down more than 11%. Furniture giant Wayfair […]
Rudy Giuliani agrees to deal to end his bankruptcy case, pay creditors’ financial adviser $400k
Rudy Giuliani has reached a last-minute agreement to exit personal bankruptcy proceedings and pay about $400,000 to financial advisers hired by creditors, avoiding a sweeping investigation into the former New York mayor’s finances that a federal judge had threatened. The agreement was filed Wednesday in federal court in White Plains, New York. This came nearly […]
Slain Hamas Chief Called to ‘Build Upon’ Oct. 7 ‘Victory,’ Praised Gaza Donations as ‘Financial Jihad’
Ismail Haniyeh, the political leader of the Hamas terrorist organisation who was reported killed early on Wednesday, had called on Muslim leaders around the world to “preserve” the October 7 “victory” and “build on it”. He also appealed for financial support for Gaza, calling it “financial jihad” and declaring that “the time for jihad of […]
How to pick the best financial adviser for your needs | Financial advisers
You don’t need to be rich A common misconception about financial advice is that it’s only for the wealthy, say many in the industry. April Leeson, advisor at independent financial advisor (IFA) firm The Private Office, says: “Typically, people who come to us for help are at a crossroads in their life, having experienced a […]
BlueCross BlueShield of Vermont in financial crisis – Burlington Free Press
Blue Cross Blue Shield of Vermont Vermont’s largest health insurer, with 66% market share, is on the brink of bankruptcy due to dwindling reserves, state officials say. Vermont Department of Financial Regulation Commissioner Kevin Gaffney said Friday he is confident BCBSVT will remain solvent and that it is his department’s responsibility to ensure that happens. […]
Donald Trump shakes the financial order at the Bitcoin Conference
When President Donald J. Trump took to the stage in Nashville on Saturday to deliver an impassioned speech to thousands of raucous attendees, it was a historic moment in bitcoin and international finance history, as it marked the first time a leading presidential candidate (sorry to RFK Jr., who spoke on Friday) has fully defended […]
Gen Z can help Amex keep its premium billing – Financial Times
Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. American Express is on a roll. The credit-card group’s shares have risen 75% since late October, handily outpacing the S&P 500’s 35% gain. The company’s shares trade at 18 times forward earnings, more than double the […]
‘Government must act to avoid retirement crisis’ – Financial Times
Stay up to date with free updates Just sign up pension myFT Digest – delivered straight to your inbox. Pension experts have warned that British workers risk a “retirement crisis” unless the Government increases contributions into workplace pension schemes, a measure omitted from Labour’s pensions bill in the King’s Speech. The government’s pension reform proposals, […]
Biden’s Wrecking Ball for Financial Privacy
Estimated Reading Time: 5 minutes The Biden administration is seeking to compel banks to report to the IRS any bank account with more than $600 in transactions per year. This proposal is a linchpin of Biden’s American Families Plan, and will supposedly help generate almost $500 billion in federal revenue over the next decade. But […]