This paper examines optimal currency demands for global equity and bond investors in a large cross-section of developed and emerging markets over the 1975-2023 period. It extends the framework of Campbell et al. (2010) by incorporating both optimal portfolio-risk minimizing currency exposures, accounting for empirically measured hedging costs arising from deviations of Covered Interest Parity…
UniCredit is aiming to acquire Commerzbank in the fourth quarter, the CEO of the Italian bank told CNBC in an exclusive interview. Speaking with CNBC’s “Europe Early Edition,” UniCredit CEO Andrea Orcel said the bank is happy with its position in Commerzbank, with the bank now closing in on full control of the German lender,…
The Internal Revenue Service Office of Professional Responsibility has issued new guidance on the use of artificial intelligence in federal tax practice. The guidance, OPR Alert 2026-19, is directed to tax practitioners, but its practical impact may reach well beyond traditional tax preparers. Financial advisors, estate planners, attorneys, CPAs, enrolled agents and other professionals who…
The Euro (EUR) appreciates for the sixth consecutive day against the British Pound on Thursday, with bulls testing last week’s highs at the 0.8645 area. The Sterling remains offered across the board as investors wonder how the new cabinet will fund its spending pledges. At the same time, the Euro maintains its firm tone, awaiting…
Increasing gaps in Medicaid-funded long-term care (LTC) have shifted the focus of attorneys in elder law towards helping clients in reorganizing assets to accommodate hybrid public- and private-pay models. Up until 2015, family members needing full-time care had only two options: private payment or Medicaid eligibility. Medicaid estate planning emerged as a dominant approach to…
One purchase that’s changed my life is a set of stackable glasses. Where there once was a mess of glassware, now three take up the footprint of one, stacking neatly and making room for more tableware (a big plus). Here are our favorite everyday glasses designed for stacking. Above: A few of us at Remodelista…
Tuesday, February 18, 2025 Federal Efforts to Combat Criminals’ Illicit Financial Activities Criminal organizations and terrorist groups use money laundering to carry out their crimes, including human and drug trafficking. Federal agencies work together to investigate these activities and have developed several strategies to combat these crimes. But what do we know about how effective…
Judith Charpentier, Astorg Astorg has refocused on its core mid-market segment in a bid to maximize exit optionality, Judith Charpentier, co-managing partner and co-head flagship, told PE Hub. The market environment for exits is still difficult, with optimism coming into 2026 tempered by macro events like the war in Iran and the AI-driven sell-off in…
On Aug. 4, Advanced Micro Devices (AMD +1.48%) will announce its second-quarter earnings results. Management has guided for revenue in the range of $10.9 billion to $11.5 billion. That earnings report is coming at a time when companies in the artificial intelligence (AI) space have experienced a sell-off, but those stocks are showing signs of…
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