Union Threatens Strike Over Cuts at UK’s Largest Pension
The University and College Union says industrial action is now ‘inevitable.’
Economy
How to Make Money Investing in China, Crackdown Be Damned
The Beijing regime’s actions actually offer opportunities, argues EM ace Mark Mobius.
The Federal Reserve Is Foot-Dragging on the Digital Dollar, Yardeni Complains
A Fed-sponsored cyber-buck is needed to keep up with consumer finance trends, replacing fee-laden credit cards, the economist says.
Record Returns Spur NY to Cut Assumed Return Rate to Below 6%
Employer contributions are also being reduced, while COLAs will be increased.
Richard Nixon Is the Father of Cryptocurrency, Says BTIG
The 37th president planted the seeds that grew into Bitcoin and its ilk today, the investment house explains.
The Inflation Threat Is Hooey, Even as Money Supply Climbs, Says Savant
Sure, the Fed has created more dollars, but that doesn’t mean they’ll lead to a price spiral, argues David Waddell.
Apollo Might Launch $500 Million SPAC Fund
The private equity firm reportedly will use the investment vehicle to buy stakes in IPOs and founders’ shares.
No Need for Taper Trepidation for the Stock Market
The situation now is less fraught than during the 2013 tantrum, argues UBS’s Mark Haefele.
How Endowments and Foundations Can Energize Flagging Returns
A better assessment of risk and active management can turn things around, says a report from NACUBO and Nuveen.
Sure, Delta Cut Goldman’s GDP Forecast, but It’s Not Too Bad
Compared with anemic economic growth in the past decade, things are still looking up.
Senators Reintroduce Bills to Bolster Retirement Savings
The four bipartisan bills are sponsored by Sens. Cory Booker and Todd Young.
OK, When Will the Fed Begin Shrinking Its Bond Buying, Anyway?
Split views seen in FOMC minutes are vexing. So let’s hear what Wall Street strategists think.
Friday the 13th Turns Out to Be a Pretty Lucky Day for Stocks
The seemingly cursed day is mostly in the black, and does quite well when it occurs in August, LPL’s Detrick calculates.
Here’s Why Inflation Is Up: Oil and Cars, Period
Commonwealth’s McMillan ascribes nasty CPI numbers to a few aberrant items, already cooling off.
Kentucky Pension Fund Reports Record 25% Return for Fiscal 2021
The strong showing lifts long-term return rates above assumed rates for the first time in a decade.