Small Companies Keep Going Public Even as Russell 2000 Struggles
An increasing number of small-capitalization companies are going public this year despite the Russell 2000 Index’s underperformance, as investors shrug off trade and inflation risks in search of returns. “The investment community is thirsty again for IPOs,” said Will...
Wall Street’s Rush to Launch Vanguard-Style Funds Draws Warnings
Exchange-traded funds have amassed trillions of dollars by offering investors greater tax efficiency, liquidity and lower costs than mutual funds. Now, a looming regulatory shift is poised to bring the two vehicles closer together — and threatens to complicate the...
UBS’s Khan Sees Rich Customer Demand for Alternative Assets
Wealthy customers of UBS Group AG are looking to buy more alternative assets as they seek to diversify investments during a volatile period for markets and global trade, according to the firm’s Asia Pacific chief. “We see continued demand” for alternatives, Iqbal...
US Bans Harvard From Enrolling Foreigners, Forcing Transfers
The Trump administration blocked Harvard University from enrolling international students, delivering a major blow to the school and escalating its fight with elite colleges to unprecedented levels. The US revoked Harvard’s Student and Exchange Visitor Program...
Target’s Troubles Leave Analysts Most Negative Since 2018
Wall Street’s enthusiasm for Target Corp. is at its lowest in more than six years, as disappointing earnings from the big-box retailer spur a series of analyst downgrades. Analysts at Bank of America, Melius Research LLC and Telsey Advisory Group all stepped back from...
Target CEO Under Pressure as Boycott, Tariffs Hit Sales
Pressure is growing on Target Corp.’s chief executive officer after the retailer cut its sales forecast following a sharp pullback in consumer spending and a hit from tariffs and boycotts. The report sent shares falling and raised questions over Brian Cornell’s...
White House Weighs Directive to Bring Private Equity to 401(k)s
Advisers to President Donald Trump are considering a new directive to pave the way for private equity to become a bigger piece of US retirement savings, according to people familiar with the matter. Top officials have been discussing an executive order or presidential...
Junior Gold Miners to Continue to Outperform GOLD & Sr. Miners
DRAFTSince the beginning of 2024 the Sprott Junior Gold Miners ETF (SGDJ) and the Van Eck Jr. Gold Miners ETF (GDXJ) have outperformed Gold and the world’s two largest publicly traded gold miners. The table below depicts the performance of gold, gold related...
Guggenheim’s Millstein Warns of Potential ‘Fiscal Disaster’
Congressional Republicans risk “fiscal disaster” if a recession hits as they push through sweeping tax cuts, Guggenheim Securities Co-Chair Jim Millstein warned. “What today is 6.4% of GDP as a deficit, a $2.4 trillion deficit, could easily expand to $4 trillion if we...
SNB President Schlegel Sees No Alternative to US Treasuries
Switzerland’s central bank chief gave a vote of confidence to US government bonds even after the world’s biggest economy was stripped of its last top credit rating by Moody’s. “US Treasuries are very liquid,” Swiss National Bank President Martin Schlegel said Monday...
Gold Gains as Dollar Slides Following Moody’s US Downgrade
Gold rose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits. Moody’s blamed successive administrations and Congress for swelling budget deficits that it said show little sign of abating. And...
China Tells Officials to Rein In Alcohol, Cigarette Spending
China reminded officials around the country to cut wasteful spending on travel, food and office space, adding to signs of an austerity push by President Xi Jinping as economic headwinds strain government budgets. The notice issued by the government and ruling...
Wall Street Banks Bet on Emerging Markets After Wasted Years
Wall Street’s emerging-market faithful are finally seeing better returns after missing out for years as US stocks soared. Morgan Stanley Investment Management, AQR Capital Management, Bank of America Corp. and Franklin Templeton are among those betting the tables may...
Global Debt Hits $324 Trillion: Is the ‘Everything Bubble’ About to Burst in 2025?
As global debt skyrockets to an unprecedented $324 trillion in early 2025, the financial world holds its breath, questioning if the long-warned 'Everything Bubble' is finally nearing its breaking point. The sheer scale of global indebtedness now casts a long shadow...