The next chapter of the banking crisis will involve the Bank of Japan, according to Robert Kiyosaki. The “Rich Dad Poor Dad” author said the bank’s exposure to derivatives markets is a large risk. Kiyosaki has been bearish for years, predicting the market to crash under the weight of high inflation. Loading Something is loading.… Continue reading ‘Rich Dad Poor Dad’ author Robert Kiyosaki warns the next chapter of the bank crisis will impact on one of the world’s key central banks
Couple’s move to Ontario put millions in play in high-stakes divorce case
Sometimes a formal agreement isn’t enough to satisfy the family law courts Published Mar 30, 2023 • Last updated 14 hours ago • 4 minute read Couples should consider the impact a move to a new jurisdiction may have on an existing marriage contract. Photo by Getty Images/iStockphoto Wealthy families are no strangers to marriage contracts.… Continue reading Couple’s move to Ontario put millions in play in high-stakes divorce case
Budget’s changes to 3 registered savings plans could affect how you invest this year and beyond
Jamie Golombek: Here’s what you need to know about budget changes that may affect your investment strategies Published Mar 30, 2023 • Last updated 21 hours ago • 5 minute read The federal budget made changes to three registered savings plans. Photo by Getty Images/iStockphoto The big news for high-income earners in this past week’s federal… Continue reading Budget’s changes to 3 registered savings plans could affect how you invest this year and beyond
Stock Market Today: Stocks Rise Ahead of Next Inflation Update
Stocks started the day in positive territory Thursday as banking industry concerns eased and expectations grew that the Fed could pause rate hikes at its May meeting. And while optimism waned throughout the day, the three major benchmarks still closed higher for a second straight day. The absence of jarring financial sector headlines created a… Continue reading Stock Market Today: Stocks Rise Ahead of Next Inflation Update
Time to Consider Foreign Bonds
I normally dismiss foreign bonds and bond funds, whether denominated in U.S. dollars or in native currencies. Looking back five years through March 3, which allows for events besides the COVID lockdowns and war in Ukraine, the broad Standard & Poor’s international aggregate investment-grade index (covering developed markets) lost an annualized 2.2%, in U.S. dollars.… Continue reading Time to Consider Foreign Bonds
US stocks jump as traders put bank crisis behind them and brace for more inflation data
Morgan Chittum Traders on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty Images US stocks marched higher on hopes that global banking turmoil has finally settled. The S&P 500 notched gains on Thursday, hitting a three-week high intraday. Investors are looking toward personal consumption expenditures data on Friday for a gauge on… Continue reading US stocks jump as traders put bank crisis behind them and brace for more inflation data
First Citizens Bank, the buyer of SVB’s assets, is run by a billionaire North Carolina family that’s bought over 20 failed banks since 2008
First Citizens Bank, the company that bought the assets of SVB, is run by a family with a wealth of experience buying failed banks. Forbes looked at the billionaire family that’s guided First Citizens’ purchase of more than 20 small banks since 2008. First Citizens will be among the largest 20 banks in the US… Continue reading First Citizens Bank, the buyer of SVB’s assets, is run by a billionaire North Carolina family that’s bought over 20 failed banks since 2008
The bank failures have opened up Pandora’s box, and the huge hole in banks’ balance sheets isn’t going away, strategist says
The recent banking failures have opened up a Pandora’s box, TD strategist Priya Misra warned. The gaping hole in banks’ balance sheets will remain even as volatility fades, she said. That’s putting the US at greater risk for a downturn, which could weigh on equities. Loading Something is loading. Thanks for signing up! Access your… Continue reading The bank failures have opened up Pandora’s box, and the huge hole in banks’ balance sheets isn’t going away, strategist says
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