Business

An Hour AgoFlows to cash could be waning in favor of risk assets, Barclays saysCash as an asset class has commanded equity fund flows, but Barclays believes its reign could be nearing its end."Cash remains in favor as it is seeing the most inflows ytd, but momentum is slowing, in our view," wrote analyst Emmanuel Cau.In the near term, Cau…

From his spot at the helm of the world's largest money manager, BlackRock CEO Larry Fink says it is time to "rethink" retirement.In the 2024 Annual Chairman Letter to Investors released Tuesday, Fink said the "retirement crisis" is getting serious enough to evoke a national relief effort commensurate with that which addressed the 2008 mortgage…

The Bitcoin (BTC) halving in April will only be one small part of why the cryptocurrency could see phenomenal gains this year, according to multiple industry analysts.Next month, the Bitcoin halving will reduce daily BTC production by about 450 BTC from the current average daily amount of 900 BTC, investment researcher Lyn Alden told…

The National Association of REALTORS® (NAR) announced a settlement deal that could alter the cost of hiring real estate agents and upend a decades-old policy that helped determine broker commissions. The proposed agreement is anticipated to resolve multiple class action lawsuits brought on behalf of home sellers across the United…

By Priyanka G and Harshita Mary Varghese(Reuters) -Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending in an uncertain economy.Shares of the Grapevine, Texas-based company tumbled 16%…

A decade ago Xi Jinping was welcomed to Duisburg in Germany’s Ruhr valley. He praised the region as a hub for Chinese investment; greeted a train that had spent a fortnight travelling from Chongqing, via Russia, to Europe’s industrial belt; and enjoyed an orchestral performance of traditional mining songs. More recently, another Chinese arrival…

US stocks reversed gains late in Tuesday's trading day as markets continued to take a breather from a record-setting run that's become the story on Wall Street during the first quarter of the year.The tech-heavy Nasdaq Composite (^IXIC), which was on pace for a record close, fell late in the session to close down roughly 0.4%. The S&P 500…

A spousal IRA is a separate Roth or traditional IRA for a non-working spouse — and it's "often overlooked," according to certified financial planner Judy Brown at SC&H Group.Married couples who file jointly have until the federal tax deadline — April 15 for most taxpayers — to make 2023 IRA contributions for each spouse.Traditional pretax…

Hong Kong’s financial regulator, the Hong Kong Securities and Futures Commission (SFC), is likely to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year, according to a report from Bloomberg Intelligence.In January, Chinese asset manager Harvest Global applied for a spot bitcoin ETF and another firm,…

Since its inception in 1908, the National Association of Realtors (NAR) has undergone a remarkable transformation, with women now accounting for 62% of its membership, according to data for the trade organization. AceableAgent, an online real estate school, surveyed more than 600 female real estate agents near the end of 2023 to…