Citi is leaning HARD into cryptoCustody coming next year and now the Coinbase partnershiprciv (@rcivNFT):BREAKING: CITI partners with COINBASE to make on and off-ramping crypto easier for Citi's institutional clients https://t.co/UjUzFn1oSP ...

Core Viewpoint - Keefe, Bruyette & Woods (KBW) has downgraded Berkshire Hathaway to underperform due to increasing succession risks associated with Warren Buffett's impending retirement and various business challenges that may arise [1] Group 1: Succession Risks - The downgrade is primarily driven by concerns over succession planning as Warren Buffett prepares for retirement [1] - The potential impact of Buffett's departure on the company's leadership and strategic direction is highlighted [1] Group 2: Business Headwinds - Multiple business headwinds are identified that could affect Berkshire Hathaway's performance [1] - These challenges may include market volatility and operational difficulties across its diverse portfolio [1]

Core Points - Primerica Financial Services has filed a lawsuit against Osaic Wealth, accusing it of a conspiracy to unlawfully take its business and clients [1][2] - The lawsuit claims that Osaic has a history of engaging in such practices, which are allegedly embedded in its corporate culture [3] Group 1: Allegations and Legal Actions - Primerica alleges that Osaic conspired with several of its advisors in West Virginia to solicit clients and take confidential information, violating employment contracts [2] - The complaint states that Osaic's business model relies on "raids" to acquire representatives who then breach their contracts to benefit Osaic [3] Group 2: Recruitment Tactics - Osaic allegedly encouraged former Primerica representative Brian David Collins to act as a "double agent" to facilitate the transfer of client information and staff [4] - Collins established Legacy Investment Advisors and Wealth Management shortly before the mass resignation of staff to join Osaic on October 17 [4] Group 3: Financial Implications - The six former Primerica representatives who joined Osaic managed approximately $530 million, which accounted for over 96% of the branch's assets under management [5] - Primerica claims that Osaic incentivizes representatives to breach contracts by offering "large cash bounty payments" disguised as "forgivable loans" [5]

Market Overview - The market is experiencing fresh record highs, driven by positive developments in the US-China trade negotiations and expectations surrounding mega-cap tech earnings and the Federal Open Market Committee (FOMC) meeting [2][3][5] - The Consumer Price Index (CPI) reported a year-over-year increase of 3%, which was slightly below estimates, contributing to the market's upward movement [3][4][8] Economic Indicators - Treasury yields are rising, with the 10-year yield moving above 4%, reflecting optimism about potential trade deals and their positive implications for the economy and labor market [6][7] - The CPI report has led to a more favorable market sentiment, although concerns about inflation persist among some Federal Reserve officials [8][19] Federal Reserve Outlook - A rate cut is expected during the upcoming FOMC meeting, but the outlook beyond this week remains uncertain, with varying opinions among Fed officials regarding inflation and labor market risks [8][19][20] - The focus will be on comments from Fed Chair Powell and other committee members, particularly regarding their views on inflation and labor market conditions [16][17][18] Technical Analysis - The S&P 500 remains in a bullish trend, having held above its 50-day simple moving average despite recent pullbacks [10][11][12] - The market may experience periodic corrections, but the overall trend is expected to continue unless significant changes in fundamentals occur [12][14] Sector-Specific Insights - The performance of mega-cap tech companies is crucial, as any decline in capital expenditures could signal potential risks to the market's current bullish narrative [13][15] - The bond market is closely watching the Fed's language and any indications of future rate adjustments, particularly in light of the upcoming economic projections [15][19]

Core Viewpoint - The 2025 Financial Street Forum Annual Meeting in Beijing highlighted key financial policies and reforms aimed at stabilizing the financial market, enhancing credit systems, and promoting investment opportunities. Group 1: Central Bank Policies - The People's Bank of China (PBOC) will resume public market operations for government bonds after a pause due to market imbalances and risks [1] - A preliminary plan for monitoring and assessing systemic financial risks has been established, with a list of systemically important insurance companies to be released [1] - The PBOC aims to balance financial market stability and moral hazard prevention, exploring liquidity provision mechanisms for non-bank institutions in specific scenarios [1] - The central bank will continue to combat domestic virtual currency operations and closely monitor the development of overseas stablecoins [1] - The digital RMB management system will be optimized to support more commercial banks as operational entities for digital RMB [1][2] Group 2: Financial Regulatory Reforms - The Financial Regulatory Administration will promote the merger and restructuring of small and medium financial institutions in a prudent manner [3] - There will be a deepening of structural reforms on the financial supply side to enhance institutional layout, quality, resilience, and international influence [3] - Efforts will be made to strengthen funding supply for major projects to boost consumption [4] - Increased focus on the disposal of non-performing assets and capital replenishment to ensure the stability of the financial system [5] Group 3: Capital Market Developments - The China Securities Regulatory Commission (CSRC) has launched the "Qualified Foreign Investor System Optimization Work Plan" to improve access management and investment efficiency for foreign investors [6] - The CSRC will enhance the interconnectivity mechanism and improve the efficiency of overseas listing filings, fostering cooperation between mainland and Hong Kong markets [7] - Continuous promotion of high-quality development of the Beijing Stock Exchange and improvement of differentiated listing and trading systems for the New Third Board [7] - The CSRC will initiate reforms for the Growth Enterprise Market to set listing standards that align with emerging industries [8] - A refinancing framework will be introduced to broaden support channels for mergers and acquisitions [9] Group 4: Foreign Exchange Management - The State Administration of Foreign Exchange will deepen reforms in foreign exchange management for direct investment, cross-border financing, and securities investment [10] - Policies for integrated currency pools for multinational companies and management of domestic enterprises' overseas listing funds will be implemented [11] - The use of AI and big data will enhance smart regulation and monitoring of cross-border capital flows [12]

For many people, retirement is the reward for a lifetime of hard work. The dream is to live comfortably without having to continue to work behind a desk or register. Unfortunately, many people fear they simply won’t have the money they need to stop working. Be Aware: The Most Common Retirement Mistake, According to an Expert Explore More: How Much Money Is Needed To Be Considered Middle Class in Your State? According to a study from AARP, around 1 in 5 adults age 30 or older have no retirement savings, an ...

Economic Impact - Argentina's bonds, stocks, and currency experienced significant gains following President Javier Milei's party victory in the midterm elections, which is crucial for maintaining economic reforms and U.S. financial support [1][2] - International bonds rallied between 10 and 15 cents, local stocks surged over 20%, and the peso strengthened more than 10% against the dollar, marking one of the strongest trading sessions on record [1][5] Political Context - Official election results indicated strong voter support for Milei's free-market reforms and austerity measures, with inflation reportedly decreasing since his administration began nearly two years ago [2][3] - Milei's party, La Libertad Avanza, secured over 40% of the national vote, outperforming expectations and marking a significant political shift in traditionally Peronist strongholds [3][4] Market Reactions - U.S.-listed shares of Argentine companies saw substantial increases, with financial shares rising up to 50% and the Global X MSCI Argentina ETF gaining 22% after a prior decline [5] - The international dollar bonds rose 10-15 points in early trading, reversing previous weaknesses and positioning the 2038 maturity around 74 cents on the dollar [4] Future Outlook - The election results may facilitate a faster implementation of Milei's ambitious economic overhaul, which is critical for the cash-strapped and inflation-affected nation [6] - Milei's victory speech was characterized by a moderate and cooperative tone, suggesting a willingness to collaborate with non-LLA legislators to advance reforms [4][6]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Bread Financial Holdings (BFH) Analysis - BFH has shown a four-week price change of 9.9%, indicating growing investor interest [3] - Over the past 12 weeks, BFH's stock gained 13.8%, with a beta of 1.41, suggesting it moves 41% more than the market [4] - BFH has a Momentum Score of A, indicating a favorable entry point for investors [5] Group 3: Earnings Estimates and Valuation - BFH has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - The stock is trading at a Price-to-Sales ratio of 0.65, suggesting it is undervalued at 65 cents for each dollar of sales [6] Group 4: Additional Investment Opportunities - Besides BFH, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles [8]

Core Viewpoint - A class action lawsuit has been filed against Marex Group plc, alleging that the company concealed losses and inflated profits through deceptive financial practices during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague on behalf of investors who purchased Marex shares from May 16, 2024, to August 5, 2025 [1][2]. - Investors have until December 8, 2025, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations and Impact - NINGI Research published a report on August 5, 2025, claiming that Marex used off-balance-sheet entities and fictitious intercompany transactions to hide losses and inflate profits [3]. - Following the report, Marex's stock price fell by $2.33, or 6.2%, closing at $35.31, resulting in significant investor losses [3].

If you had a harder time saving money or had to dip more into your savings in 2025, you’re not alone — the year took a big bite out of many people’s finances. Find Out: Here’s How to Fix Your Budgeting Problems, According to Kumiko Love Read Next: 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives Finance experts explained why life felt more expensive and what you can do to recover, or at least hold your financial ground, in 2026. 1. Tariffs Americans are seeing the impact of tar ...