Economy

Institutional investors expect more volatility, opportunities for active in 2018 – survey

INVESTING -

INVESTING -

Active management continues to gain favor among institutional investors who predict higher volatility and asset bubbles in 2018.
U.K., U.S. lag in OECD ranking of gross retirement replacement rates

MARKETS -

MARKETS -

The U.K. comes last in a ranking of future gross replacement rates at 22%, finds a new report by the Organization for Economic Cooperation and Development.
Financial stability risks still moderate but new vulnerabilities emerge, OFR tells Congress

ECONOMY -

ECONOMY -

Overall risks to financial stability are still moderate, but new vulnerabilities include elevated market risk and cybersecurity incidents.
New Orleans ordinance could lead to changes in retirement age, COLA for city employees

Pension Funds -

Pension Funds -

New Orleans City Employees' Retirement System might see changes in its retirement age and cost-of-living adjustment.
Shorts on Bitcoin Investment Trust should perk up in December
Short interest in the Bitcoin Investment Trust dropped sharply in mid-November as the its underlying cryptocurrency stepped back during the 15-day period between its previous reporting period because ...
Senate passes tax bill; focus on House differences is next

LEGISLATION -

LEGISLATION -

Stark differences exist between the Senate and House versions of tax reform, including taxing public pension funds' investment income.
Commentary: Turn off auto-pilot to seize opportunities in this late economic cycle

Industry Voices -

Industry Voices -

Investors in search of growth opportunities should look to emerging market economies, which are growing at a faster pace than the developed world.
CME, Cboe, Cantor Fitzgerald file with CFTC for bitcoin derivatives

Markets -

Markets -

CME Group, Cboe Global Markets and Cantor Fitzgerald filed product certifications with the CFTC to offer bitcoin derivatives.
TCI continues pressure for London Stock Exchange to remove chairman

Governance -

Governance -

The Children's Investment Master Fund sustained a resolution put forward calling for Donald Brydon to be removed as chairman of the London Stock Exchange.
U.S. stocks gain on tax outlook as Treasuries drop

Markets -

Markets -

U.S. stocks posted record highs after John McCain backed the Senate tax bill and the biggest technology stocks rebounded from their worst sell-off in more than a year.
Euronext acquires Irish Stock Exchange

Markets -

Markets -

Euronext agreed to acquire the Irish Stock Exchange for €137 million ($163 million) in an all-share transaction.
Trump nominates economics professor Marvin Goodfriend to Federal Reserve

Washington -

Washington -

Economics professor Marvin Goodfriend was nominated to the Federal Reserve by President Donald Trump to serve through January 2030.
Commentary: The 'internet' of stocks and bonds

INDUSTRY VOICES -

INDUSTRY VOICES -

Technology is changing the way economic health should be measured and, accordingly, the way investors position themselves.
London Stock Exchange CEO departs more than a year early

Markets -

Markets -

Xavier Rolet, CEO of the London Stock Exchange Group, is out, the exchange said in a statement Wednesday.
Bitcoin volatility
The value of one bitcoin has appreciated 1,257.9% in the past year, rising to $9,930 from $731.27 as of the time of this publication.