Markets look beyond Fed rate hold to earnings, growth
Investors should shift focus from Fed lift off to quarterly earnings and macro health. BlackRock's Koesterich says rates may rise modestly in six months but fundamentals matter more than policy level, with China’s easing potential shielding global growth.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Russ Koesterich
BlackRock
Koesterich
U.S
China
Did You Know Facts About SigFig Investors
A compact note on SigFig users and their investment tracking practices highlighting how investors use SigFig tracking services to monitor portfolios. It outlines general patterns among clients, including demographic hints, service features, and potential implications for personal finance management.
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America
USA portfolio allocation by foreign investment insights
SigFig based data shows over half a million investors nationwide with total assets of 200 billion dollars manage portfolios online. It notes 5 day average 3.44 and 6 month average 6.27 with largest holding AAPL. Most bought GPRO and most sold BIDU while a garbled line appears about actions and a fork visit.
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USA
America
SigFig
AAPL
GPRO
BIDU
AIG
U.S
CMCM
PBR
BAC
GM to pay 900 million to end ignition switch probe
General Motors agreed to pay 900 million and accept two criminal charges to resolve a Justice Department investigation into its handling of a deadly ignition switch blamed for over 120 deaths. Altice Group agreed to buy Cablevision in a 17.7 billion deal including 7.7 billion debt.
MENTIONED IN THIS ARTICLE
Cablevision Systems
CVC
Altice NV
General Motors
Justice Department
Acaprevision Cablevision
Altice Group
Patrick Drahi
U.S
Wynn Macau breach linked to third-party Macau operation
Daiwa Capital Markets pegged losses at up to 258 million dollars from a third party fraud at Wynn Macau, per Business Insider. Investigators probe the internal access and vendor risk as Wynn Resorts reviews controls.
MENTIONED IN THIS ARTICLE
Daiwa Capital Markets
Wynn Macau
Business Insider
Fed holds rates steady as markets eye next move
The Fed left short term rates unchanged amid market relief but signals higher rates possible later this year. REITs and bonds rose as investors priced in lower near term risk while preparing for potential rate hikes and diversified portfolios amid global markets.
MENTIONED IN THIS ARTICLE
Federal Reserve
Vanguard
Real Estate Investment Trust Exchange Traded Fund
Fed
U S expands tax evasion probe to Belize banks
U S authorities broaden an offshore tax avoidance inquiry to Belize Bank International Limited and Belize Bank Limited. A Miami court approved John Doe summonses seeking records from these banks and their correspondent accounts at Bank of America and Citibank. The IRS aims to identify Americans with undeclared Belize accounts and related funds.
MENTIONED IN THIS ARTICLE
Miami
John Doe
Belize Bank International Limited
Belize
Caroline Cirado
IRS
Belize Bank Limited
Belize Corporate Services
BCB Holdings Limited
Federal Revenue Agent
Zerland
Zurcher Kantonalbank
Nt, Butterfield & Son
HSBC
India
UBS
Switzerland
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