Asia-Pacific has dominated IPOs globally this quarter

The U.S. may be seeing a slew of Chinese firms making their debuts on Wall Street, but Asia-Pacific has dominated initial public offerings this quarter. Asia-Pacific accounted for 65 percent of the 330 IPOs and 49 percent of the capital raised globally in the third quarter, according to an EY report on Thursday. In comparison, stock exchanges […]

Whitney Tilson is shutting down his hedge fund

Tilson notified clients on Sunday that his Kase Capital Management was shuttering a fund that managed $180 million at its peak. He maintained a high profile through numerous television appearances and headline-grabbing market calls. Noted hedge fund manager Whitney Tilson said he is shutting down his fund at a time when industry assets are growing but returns […]

Earnings are already starting to take a hit from the hurricanes

Southwest Airlines and Sherwin-Williams said revenue would be lower because of the recent hurricanes. Harvey alone may have caused up to $108 billion in damages, according to initial estimates from Moody’s Analytics. A strong economy, coupled with the prospects of tax cuts, are the key to earnings growth into 2018. Marcus Yam | Los Angeles […]

ProShares files for bitcoin ETF, and one to bet against it

One of the largest sellers of exchange-traded funds has filed for two bitcoin ETFs. ProShares, which has about $29 billion in assets under management, filed Wednesday with the U.S. Securities and Exchange Commission for a ProShares Bitcoin ETF and ProShares Short Bitcoin ETF. The two ETFs plan to track bitcoin futures contracts traded on the Chicago Board of Options […]

White House urged SEC chairman to pause Chicago Stock Exchange sale to China-led group, sources say

The White House urged the chairman of the Securities and Exchange Commission to put on hold the sale of the Chicago Stock Exchange to a Chinese-led group, the Wall Street Journal reported on Thursday, citing people familiar with the matter. SEC staff had wanted to approve the deal, but the new chairman, Jay Clayton, froze the agency’s decision last […]

South Korea bans all new cryptocurrency sales

Getty Images Shoppers walk in the Myungdong shopping district in Seoul, South Korea. South Korea’s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading […]

3 myths that could tank your credit score

Whatever your credit score is, it could probably be higher. Many people are taking steps to improve their credit worthiness — but if they go about it the wrong way, misled by myths, they could actually hurt their scores. Here are three myths that could tank your credit score — and below them, some misunderstandings […]

CEOs call on Congress to keep DACA alive

Business leaders are reiterating their support for Deferred Action for Childhood Arrivals and asking Congress to step in after the Trump Administration formally said it is ending the Obama-era program. Attorney General Jeff Sessions said on Tuesday that DACA, which protects 800,000 undocumented immigrants who came to the United States as children, “is being rescinded.” The […]

Financial anxiety is bringing Millennials down

Lots of folks worry about money from time to time. But there’s a difference between fretting over a larger-than-expected bill and spending a huge chunk of your waking hours stressing over finances. Yet the latter scenario seems to characterize a significant percentage of working Millennials. An estimated 28% of Millennials are experiencing so much financial […]

PayPal introduces a new cash back credit card

  PayPal is hoping to expand its membership by rolling out a new cash-back credit card. The PayPal Cashback Mastercard, which is only available to PayPal members, gives cardholders 2% cash back on every purchase. PayPal’s card is notable for the high amount of cash back it offers on purchases across the board. The new […]

Are you financially independent?

Everyone is talking about financial independence these days. And a lot many think it is about earning your own money and being in charge of your own expenses. But that is just one part of being financially independent. What we often forget is the basic premise for financial independence being so critical to each one […]