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A new Bank of America (BofA) survey shows fund managers across the globe believe one asset class is poised to produce superior returns in the years ahead.
BofA’s Global Fund Manager Survey, which polled 190 respondents overseeing $523 billion in wealth, finds that 54% of managers believe that international equities will be the best-performing asset class in the next five years, reports Investing....
Billionaire venture capitalist Chamath Palihapitiya believes that a long-term decline of the US dollar is not an existential concern for America.
In a new episode of the All-In podcast, host Jason Calacanis highlights that the US dollar index (DXY) witnessed its worst first-half performance in over 50 years after losing nearly 11% of its value against other major currencies in the first six...
A Cleveland bank teller has reportedly been accused of forging names and other documents to drain tens of thousands of dollars out of customers’ bank accounts.
According to a new report by a local news outlet, federal prosecutors say that Denice James, a teller at First Federal Savings of Lorain, allegedly stole approximately $75,000 from eight different victims by faking documents and embezzled...
An ATM scheme has reportedly drained tens of thousands of dollars from elderly customers of the biggest banks in the United States.
New York City police are warning senior citizens to be on the lookout for a trio of scammers at ATMs after a crime spree that occurred between May and June, reports The New York Post.
Authorities warn that the group – made up of two men and a woman – act as good...
Fidelity Investments’ global macro director Jurrien Timmer says that the stage is set for Bitcoin (BTC) to have an explosive breakout.
In a new thread on the social media platform X, Timmer says that based on a historical relationship between Bitcoin and the global money supply metric the top digital asset by soon print new all-time highs.
“With both liquidity improving per the global money...
The Federal Reserve has caught a bank employee allegedly embezzling tens of thousands of dollars from a nonprofit organization where she worked.
In a new press release, the Fed is prohibiting former Jonah Bank employee Kendall Hickman from participating in activities related to financial institutions after she was allegedly found to have embezzled $33,212 from a nonprofit organization.
According...
A major US city has allocated millions of dollars to a guaranteed income pilot program in the budget for the 2026 financial year.
The speaker of the New York City Council, Adrienne Adams, says the most populous US city is allocating $3 million to a guaranteed income program.
The program will “provide direct cash grants to expecting mothers and foster youth facing housing insecurity.”
Mayor Eric...
Victims of a bank data breach are set to receive up to $3,000 each after a settlement was reached in a class action lawsuit.
According to the settlement administration portal, impacted customers at Arizona-based Evolve Bank...
The largest asset manager in the world says the risk of a de-dollarization of the global economy has edged higher due to rising US debt levels.
In a third-quarter fixed income outlook note seen by Reuters, BlackRock analysts say that growing government debt is weakening demand for key US assets like the dollar and long-dated Treasuries.
While de-dollarization may be far-fetched, the analysts say...
BitMEX co-founder Arthur Hayes believes the US legislation seeking to establish a framework for dollar-pegged stablecoins will be bullish for Bitcoin (BTC) and major banks.
In a new essay, Hayes says the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act will unlock trillions of dollars in liquidity and boost markets.
According to Hayes, the GENIUS Act, which was...