Today's <i>Breakfast with Benjamin</i> menu: Finra targets trading trickery. Plus: Credit Suisse pleads guilty to tax evasion, dealing with the Fed's giant balance sheet, Treasuries vs. gold and 10 great baseball movies to see this summer.
The duo, who claimed Mark Zuckerberg stole their idea for a social-networking website, are seeking to open the Winklevoss Bitcoin Trust as the first ETF tracking a virtual asset.
Investors are plowing money &mdash; $5 billion in April alone &mdash; into equity ETFs, betting that an expanding economy will overwhelm concerns such as slowing earnings growth, rising valuations and the end of Fed stimulus.
Legg plans to work with UK-based institutional investor to develop retail funds
Once the domain of institutions and ultra wealthy, hedge funds and private equity funds are seeking ways to tap into the huge pot of 401(k) assets. But given their high fees and so-so returns, investors may be better off avoiding them.
With three straight months of inflows, the hedge fund industry now boasts a record $2 trillion in assets. The $469 billion funds-of-hedge-funds business, however, has had just two months of net inflows in the past 24. Jeff Benjamin on what's going on.
<i>Breakfast with Benjamin:</i> The bond market's oddly logical rally. Plus: Retail and professional investors get cautious, gold tops $1,300 an ounce, the income opportunities in deep-water drilling, and clarifying Thomas Piketty's attack on capitalism
“By and large the bond market is over. Maybe you want to put some James Bond in your portfolio,” a top strategist said at the IMCA conference.
Next year, three-decade T. Rowe Price veteran will no longer run the firm's second largest fund.
Hedge fund fees have been trending downward for six years, but could they vanish completely? And what kind of impact could this have on the industry?
<i>Breakfast with Benjamin:</i> Some big names, including Nouriel Roubini, are warning about a bubble in corporate bonds. Plus: Jeffrey Gundlach knows where the bond market bear is, insider trading on fantasy, should you drop health care coverage, cities not enjoying a housing recovery and about that West Antarctic glacier.
Firm runs crash-test analysis to identify biggest losers &mdash; and winners &mdash; if the tension escalates. You might be surprised at the results.
Search for yield, along with a more predictable Federal Reserve has investors dumping adjustable-rate bank loan funds.
Opportunities in municipal bonds: Potential opportunities to achieve high income over the long term if liquidity from other fixed-income investments dries up.
CEO bows in apology to Japanese customers; possible theft of 850,000 units.
Whether or not bitcoin ever rivals the dollar, the digital currency platform could be a springboard for future monetary innovations.
<i>Breakfast with Benjamin:</i> Why interest rates won't rise soon, from N.Y. Fed chief William Dudley. Plus: Why interest rates <i>will</i> rise soon, from another Fed governor, more reasons to expect a stock market correction, the end of the Tea 'party,' and what sets Warren Buffett's favorite bank apart.
Contrary to a popular belief that interest rates are destined to rise significantly, we may be re-entering the “old normal,” where the U.S. Treasury 10-year yield remains between 2% and 4% for an extended period.
They're less willing to take risks with money than men, but they'll ensure the mortgage is paid off.
Show respect for values, explain 'good' debt and accept that Hispanics don't put much emphasis on retirement.
