Goldman Sachs alum and former Trump economic adviser Gary Cohn is headed back to Wall Street — to start a hedge fund, possibly with Tesla founder Elon Musk. The former top White House economic adviser stepped down after a reported clash over President Trump’s plan to place tariffs on imported steel and aluminum. While other Goldmanites […]
Millennials will inherit more wealth than did Generation X and the Baby Boomers combined. When and what they do with all that investment capital is the big unknown, say global money managers. It will be “one of the largest intergenerational wealth transfers in history,” according to UBS Wealth Management, which manages $2.8 trillion in assets worldwide. “Those […]
What would have been a riskier investment in the past three months — cryptocurrency or a specialized exchange-traded fund (ETF)? If you’re Fidelity Investments, it’s the ETF by far. Fidelity has banned all of its clients from purchasing three so-called “fear gauge” securities. Fidelity is attempting to prevent its clients from the real risk of losing their […]
Most financial gurus who predict a prosperous American future do so for one sector such as tech or one technology like crypto, but few believe that our future as a country will be as bright as our industrial past. With the rise of China and political division at home, the United States is seen by […]
“Alexa, I have a weird mole on my arm. Is it cancer?” The founder and director of the world’s top hedge fund, Ray Dalio, said Friday that almost half of all jobs will be replaced by artificial intelligence (AI) in the next two decades, and that includes lawyers and doctors. “By in large, the world […]
Google has announced plans to expand and develop its network of undersea cables. Early indications are that they plan to lay down three new cables and aim to have the project completed by 2019. This is a move to speed up its cloud computing business and challenge rivals, Amazon and Microsoft, which have made headway […]
Mark Mobius, the industry-renowned fund manager, has announced that he will launch a new frontier markets fund. At a recent press conference held in Mumbai, Mobius announced that he would be spearheading an all new fund management company that will specialize in investing in companies in frontier and emerging financial markets Mobius’ new fund frontier […]
The U.S. Securities and Exchange Commission (SEC) has sent dozens of subpoenas and requests for information to cryptocurrency companies and their consultants amid a torrent of initial coin offerings. The SEC subpoenas demand details on the framework of sales and pre-sales of initial coin offerings, or ICOs, which are unconstrained by strict regulation of initial […]
The actor Steven Seagal has had a storied career. He was one of the first Americans to teach aikido in Japan, became an 80s-era action hero, and has been recognized as the reincarnation of a 17th Century Tibetan Buddhist master. He has been an energy-drink spokesperson, military equipment hawker, friend of Vladimir Putin and Donald […]
As short-term bond yields continue to rise, short-term bond fund ETFs may be an appropriate addition to an individual’s long-term investing strategy. Short-term bond ETFs invest primarily in investment grade corporate fixed-income investment vehicles with maturities between one and five years. In general, these ETFs are suitable for conservative investors because they are less sensitive […]
