‘Just buy somebody’: Private markets push will fail without deals, says LCM boss

The chief executive of Brookfield-backed alternatives firm LCM Partners says asset managers pushing into private markets will fail without making acquisitions, arguing they are the only route to the expertise needed to be successful. “Just buy somebody, because you’re not known for this,” said Paul Burdell, who set up LCM Partners in 1998. Financial News. … Read more

Who are the 50 people influencing markets most this year? Tell us what you think.

This is a year in financial markets that will be remembered. Stocks had their worst start to a year since the Great Depression and quickly entered a bear market. Bitcoin and other cryptocurrencies plunged by more than 60%. The Federal Reserve delivered the biggest interest-rate hike in decades. Oil prices surged past $ 100 a … Read more

The Fintech Files: Will Celsius customers hit HODL?

Customers of the beleaguered crypto lender Celsius have withdrawals frozen for more than two weeks – now, some involved in rescue talks want users to keep the faith. Two sources revealed to Financial News on 27 June that a new plan — which involves using the Celsius app’s “HODL” function to ballot customers over whether … Read more

Stock Market Today: Dow Rises, Snowflake Gains, eBay Drops

Text size Wall Street continues to center on how aggressive the Federal Reserve will be in boosting interest rates. Angela Weiss / AFP via Getty Images US stock indexes opened in the green on Tuesday, extending a string of gains that began last week. Optimists believe that a bottom had been found after a brutal … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

Out of 50 major housing markets in America, just 6 now have more new real estate listings now than before the pandemic. Here’s what that might mean

San Francisco is one of the areas with more new listings now than pre-pandemic. Getty Images Even as mortgage rates continue their upward climb (see the lowest rates you can qualify for here), home prices have continued to rise. And one big factor in those rising home prices is that America is currently facing a … Read more

The Stock Market Rally Is Real. It’s Still a Bear Market.

Text size Federal Reserve Chairman Jerome Powell. Kevin Dietsch / Getty Images) Even bear markets get bounces. The stock market had a terrific week, and for the first time in a long time, the rally feels like it can last. The Dow Jones Industrial Average rose 5.4%, the S&P 500 gained 6.4%, and the Nasdaq … Read more

You’ll know the bear market is nearing an end when anxious investors push the ‘panic’ button

The end of the bear market is not close. That’s according to a contrarian analysis of stock market sentiment: the US stock market hasn’t yet experienced the extreme pessimism seen at major bottoms. It may certainly feel like there’s plenty of pessimism and despair on Wall Street. But that bearishness seems a mile wide and … Read more

Don’t trust the stock-market bounce until the S&P 500 is back above 3,800: analysts

US stocks remain in bounce mode after the S&P 500 index tumbled last week to its lowest finish since December 2020, but many chart watchers remain unconvinced the uptick will prove to be anything more than another bear-market rebound. What would it take to change their minds? The 3,800 level on the index, which has … Read more

Stocks Shoot Higher. Powell Couldn’t Scare Markets This Time.

Text size David L. Nemec / New York Stock Exchange The stock market gained Thursday as Federal Reserve Chairman Jerome Powell tested before Congress for a second day. Nothing he has said scared the market — for now. The Dow Jones Industrial Average gained 195 points, or 0.6%, while the S&P 500 rose 1% and … Read more