WSJ Wealth Adviser Briefing: Bitcoin Rewards, Tax Breaks for Charity, Weighted Vests
| | | | | | | | | | | Sponsored by  | | |  | | Illustration: Emil Lendof/WSJ, iStock | | | | | | Coinbase is joining the rush to offer a credit card promising crypto rewards, with cardholders able to earn up to 4% back in bitcoin for everyday purchases. Applying for the card, available this fall, will require a subscription to Coinbase's premium crypto-trading service. High-profile crypto companies including the Winklevoss twins' crypto exchange Gemini and Crypto.com have announced similar offerings. The rewards would be paid through customer accounts on the exchanges. Unlike with cards that offer cash back, the value of crypto rewards can rise and fall sharply given the volatility of the digital currencies. That extra layer of risk comes on top of the usual credit-card pitfalls, such as high interest rates and debt accrual. Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more. | | | | Trump Megabill Reshapes Tax Breaks for Charity Contributions | | | | | | | | | | | | | Three key themes will drive global bond yields in the second half of the year, Bank of America's Mark Cabana says in a note. These are growth and inflation impacts from major global policy shifts, including higher tariffs and defense spending, he says. Other themes are global sovereign debt issuance changes, with shift toward a shorter-dated issuance and global investor demand, he says. "We expect notable shifts in global issuance in 2H 2025," he says. Spreads will reflect these shifts, he says. De-dollarization focus remains high and could provide some support to higher issuance needs outside the U.S., Cabana says. (Emese Bartha, emese.bartha@wsj.com) European merger-and-acquisition activity is likely to be relatively flat this year and rebound in 2026, equity strategists at Citi say in a research note. Over the past 12 months, deals valued at $480 billion have been announced, Citi says, citing Dealogic data. However, it is likely dealmaking will end the year flat compared with 2024, the strategists say. Small improvements in economic activity and lower interest rates could pave the way for a decent 2026 in terms of M&A, with activity expected to jump 10%, Citi says. (Adria Calatayud, adria.calatayud@wsj.com) | | | | | | CONTENT FROM: Columbia Threadneedle Investments |  | | For diversification, bonds are back | | With current market volatility, it's important for investors to maintain a diversified portfolio and to include fixed income as a core component of their strategy. Learn More |  | | | | | | | Advisors Are Struggling to Grow Assets Organically, Report Finds | | | | | | Madison Avenue Lands a Bigger Role in Hollywood | | | Marketers are pushing for their brands to appear in more movies and TV shows, and entertainment execs are adjusting the way things are done to let them in. | | | | Trump Goes to Bat for Big Oil on Climate Rules in EU Trade Talks | | | | | | AI Makes Research Easy. Maybe Too Easy | | | A study finds that people who use "large language models" to research topics had a weaker understanding of those topics afterward. | | | | Are Weighted Vests Really Worth the Hype? | | | |  | | Photo: Ann Sarnat | | | | | | It isn't often that we intentionally add extra body weight. But the latest fitness fad encourages it: Meet the weighted vest. These Men's Pants Are as Comfy as PJs but Actually Look Stylish To some men, drawstring pants with elasticized waistbands say: "I've given up." But in classy fabrics and styled nicely, the on-trend trousers can look surprisingly sharp. | | | | | | | | | | | The Wealth Adviser Briefing covers topics of interest to wealth managers, financial planners and other advisers. The content is curated by the Dow Jones Newswires team using articles from the Newswires, Barron's, MarketWatch and The Wall Street Journal. The briefing is delivered to subscribers by email each workday morning at 6:30 a.m. ET. You can sign up here for email delivery. Enjoying this newsletter? Get more from WSJ and support our journalism by subscribing today with this special offer. | | | | | | | | | | | | | |
