The VelocityShares Daily Inverse VIX Short-Term exchange-traded note, ticker XIV, which lets investors bet on continued low volatility, fell as much as 4.5 percent Thursday, after closing at a record high the day before.
Michael Hartnett changes his timeline for a correction, EquityZen values Betterment at $1 billion and IHT Wealth Management partners with nVision Wealth Group.
The 1987 market crash taught investors that the Fed would come to the rescue after a market crisis, argues the chief economist of Aberdeen Standard Investments. That lesson came back to haunt us in 2008, and may yet again.