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Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions
INVESTING ALTERNATIVES JUL 03, 2023
Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions

All five of the refiled applications indicated that Coinbase will provide market surveillance for their funds, a fact that wasn't included in previous iterations.

SEC use of in-house judges to be reviewed by Supreme Court
NEWS INDUSTRY NEWS JUN 30, 2023
SEC use of in-house judges to be reviewed by Supreme Court

The justices said they will hear a Biden administration appeal of an appeals court ruling that cast a constitutional cloud over the agency's use of in-house judges.

Supreme Court rejects student-loan relief plan
NEWS REGULATION AND LEGISLATION JUN 30, 2023
Supreme Court rejects student-loan relief plan

The high court tossed out President Joe Biden's plan to slash the student debt of more than 40 million people.

Fidelity joins race for spot-bitcoin ETF with SEC filing
INVESTING ALTERNATIVES JUN 30, 2023
Fidelity joins race for spot-bitcoin ETF with SEC filing

It's the latest high-profile traditional financial finance firm to file for such an exchange-traded fund, after BlackRock made a splash with its June 15 application.

Fed traders boost wagers on two hikes by year-end
NEWS INDUSTRY NEWS JUN 29, 2023
Fed traders boost wagers on two hikes by year-end

Bets fueled by US jobless claims declining by most since 2021.

Fidelity to convert $13 billion of mutual funds into ETFs
INVESTING MUTUAL FUNDS JUN 29, 2023
Fidelity to convert $13 billion of mutual funds into ETFs

The shift from mutual funds to exchange-traded funds has affected almost $100 billion in assets, as investors opt for lower-cost, tax-efficient ETFs over mutual funds.

Inflation-safe ETFs see record $17 billion exit
INVESTING MUTUAL FUNDS JUN 28, 2023
Inflation-safe ETFs see record $17 billion exit

Exchange-traded funds designed to protect against inflation have faltered in the face of still sticky price pressure, leading many investors to rush for the exits.

UBS plans to cut over half of Credit Suisse employees
YOUR PRACTICE PRACTICE MANAGEMENT JUN 27, 2023
UBS plans to cut over half of Credit Suisse employees

Banks, traders and support staff in Credit Suisse's investment bank in London, New York and some parts of Asia are expected to bear the brunt of the cuts.

ESG investors get set of global reporting standards
INVESTING ESG JUN 27, 2023
ESG investors get set of global reporting standards

The voluntary framework published by the International Sustainability Standards Board paves the way for companies across jurisdictions to report uniform climate and sustainability information.

Time is running out to avoid cuts to Social Security benefits
RETIREMENT RETIREMENT PLANNING JUN 26, 2023
Time is running out to avoid cuts to Social Security benefits

House conservatives recently recommended raising the retirement age to receive full benefits to 69, a proposal that put the spotlight back on the thorny problem of the program's solvency.