The filing marks President Trump’s latest move to bring his spot bitcoin strategy to the ETF market. Will advisors bite?
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Some praised the move while others said alts in employee-sponsored retirement plans conflict with fiduciary standards and can harm clients.
While 15% tariffs would be nothing to toast in normal times, it seems pretty good after Trump first threatened Japan with a 24% tariff rate.
The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.
Nothing to boost an asset class like the most powerful legislative body in the world holding a week in your honor.
Trump’s media company has filed for a third crypto-focused ETF that would hold Bitcoin, Ether, Solana, Cronos and XRP.
Financial plans are designed to weather economic uncertainty, but it can be hard for clients to remember that.
The US debt is about the same as its entire economic output and is projected to grow if Trump’s megabill passes.
Some worry about adding to the already ballooning national debt, while others applaud extending the Tax Cuts and Jobs Act.
The so-called “golden share” in US Steel would grant the US federal government a de facto veto over key decisions.
The outlook for clean energy was already looking dim under Trump, who has promised to cut clean-energy while boosting oil, gas, and coal.
The Budget Lab projects that, with the current tariff levels, US and Chinese economies would both be 0.6% smaller in the long run.
When yields rise, it suggests a selloff, and it also means likely higher costs of borrowing for companies as well as the government.
Jamie Dimon warned inflation is likely going up and Larry Fink said the economy might already be in recession.
Tariffs could be in effect for years to come and play havoc on portfolios in the coming months.