There are good reasons to make this contrarian investment, writes Michael Brush.
: BlackRock CEO Larry Fink sees retirement as ‘silent crisis’ facing global economy
Issues such as higher housing and healthcare costs and the shifting of retirement risks to individuals make it difficult to support increased longevity.
The Fed: Former top Fed official calls for world’s two most important central banks to pause plans to raise interest rates
Alan Blinder, the former Fed No.2 official, said Wednesday that the Fed and the ECB should pause rate hikes until the dust settles over concern about banks.
: Cash in your brokerage account may be costing you thousands
After bank failures, rate increases, savers sifting cash options should take a hard look at “sweep” accounts
: Regional and big bank stocks choppy amid rising fears of banking crisis
Credit Suisse stock losses weigh on megabank stocks with First Republic and PacWest down sharply, while Western Alliance rallies.
Financial Crime: Steve Bannon’s exiled-Chinese businessman ally Guo Wengui charged in $1 billion fraud conspiracy
Prosecutors say Guo used money raised in various fraud schemes to enrich his family and buy a $45 million mansion, yacht and multi-million dollar cars.
: SEC chief Gensler pledges investigation in wake of bank failures
Staff is focused on ‘prosecuting any form of conduct that might threaten investors, capital formation or the markets,’ Gensler said.
Bond Report: Treasury yields fall again as traders factor in full percentage point of Fed rate cuts by December
U.S. bond yields dive as troubles at Swiss banking giant Credit Suisse reverberate around financial markets.
: Short sellers take aim at regional banks, seeing windfall profits of $3.53 billion in March to date — at least on paper
Short sellers of regional-bank stocks won $2.29 billion in profits in just the last three days of trading, according to S3 Partners Research.
Movers & Shakers: First Republic, Goldman Sachs stocks lead renewed selloff in banks, while Oatly and Smartsheet shares gain
Contagion from Europe and a warning from Moody’s sparks fresh dumping of U.S. financials
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