The US Securities and Exchange Commission is set to impose a slate of new rules on money-market mutual funds, setting up a potential clash with titans in the $5.5 trillion industry.
Like guests arriving at a destination wedding, users joining Meta Platforms Inc.’s new Threads app on Wednesday night likely found familiar faces in unfamiliar surroundings. “Hey, you made it!” … “Jeff got in an hour ago!” … “Have you met Mary? You’ve probably got friends in common...”
History tells us to ignore the Fed’s and market forecasts and anticipate a rate-cutting cycle.
Valkyrie is the latest issuer to refile an application for an exchange-traded fund that invests directly in Bitcoin after the US Securities and Exchange Commission had indicated initial documents were insufficient.
Investment banking work has all but dried up and the private equity industry bears a lot of the blame. The bad news for those involved is that managers of buyout funds might struggle to get their flywheels spinning again even when the current economic uncertainty starts to clear up.
"If your only tool is a hammer, every problem looks like a nail." This old saying still rings true as central banks keep ratcheting up the interest-rate pain.
Tragically, the 75th anniversary of the UK’s National Health Service this week is less a cause for celebration and pride and more a grim reminder of the everyday reality of premature death.
With technology stocks resurgent this year, some investors fear a replay of the tech-led rally that pushed stocks to extreme valuations during the 2010s, setting them up for a sharp correction last year.
Advances in artificial intelligence (AI) continue at a furious pace. Here’s what my clients want to know.
Work from home benefits the employer and the employee. But society may be better off if we all show up in the office.
No one listens to me outside of those in the operations department.
Investors lowered their expectations of gains in Asian equities this year as optimism fades about the prospects of looser monetary policy and China’s economic outlook.
Some of the biggest bond managers are sticking to their bullish view on the market for US government debt, even as that trade looks riskier by the day.
While much information is available about the technical aspects of avoiding bankruptcy and steps to take when filing for it, there isn’t much written about the emotional costs.
Being asleep at the wheel is invariably a hyperbolic cliché. But in the case of the London Metal Exchange and its regulators, it’s no metaphor; it’s a literal description of last year’s crisis in the nickel market.
The recent demise of Silicon Valley Bank and a few other regional lenders is forcing policymakers to revisit a difficult question: What should the government do to prevent such damaging bank runs? Should it yet again expand deposit insurance?
Last week the Supreme Court struck down the Biden administration’s student loan forgiveness plan, which would have done away with as much as $20,000 per borrower.
The digital euro, like a lot of central bank proposals to issue virtual cash, has so far existed in a policy sweet spot: maximum imagination, minimal execution.
Here are four steps financial advisors can take to improve financial literacy for women.
I will describe the general process used by actuaries to maintain financial sustainability, to encourage advisors to employ this same process to their client’s retirement planning.
Done right, stories are a powerful marketing tool. Here’s how to tell a great one.
The ruling is a political defeat for the White House and a disappointment for millions of student-loan borrowers. It has also spared the country from the worst consequences of a misguided policy.
Chatbots aren’t just useful for writing essays and emails. Those designed to show empathy and retain memories about their users are already acting as personal guides.
Markets are inherently forward-looking, but they’re not clairvoyant. Securities prices tend to reflect some well-founded assumptions about the immediate future and then a whole bunch of wild guesswork about the medium to long term.
Price cuts work — but only up to a point. This is about all one can glean from Tesla Inc.’s latest quarterly sales numbers, announced Sunday. The struggle between growth and margins, which defined the first half of 2023, has yet to be resolved.
Bitcoin registered a second straight quarterly gain, tightening its grip on crypto markets as smaller tokens nurse losses.
Bond traders are bracing for another tumultuous week in which key employment data could push yields on 10-year Treasuries toward 4%, a level that market watchers see luring investors into government debt.
When OpenAI’s Sam Altman spoke to U.S. senators in May, he made a startling admission. He didn’t really want people to use ChatGPT. “We’d love it if they use it less,” he said. The reason? “We don’t have enough GPUs.”
The US is about to conduct a perilous economic experiment: In September, some 45 million borrowers will have to restart payments on student loans after three and a half years on hold.
India’s tech industry is being less than bold in embracing artificial intelligence. It’s hoping to create solutions for corporate clients by building on top of somebody else’s investment in foundational technologies, hardly a strategy for pathbreaking success.
Treasury yields surged Thursday, most to the highest levels since March, as strong economic growth data prompted traders to wager that the Federal Reserve will raise rates two more times this year.
Broad appeal is a thing of the past. It’s time to find your niche.
Russian President Vladimir Putin has faced the biggest threat his regime has confronted in more than two decades in power. For now.
The bankruptcy of Lordstown Motors Corp. is, in one sense, almost numbingly straightforward: Five years into existence, and having burned through more than $1 billion, it had delivered a sum total of six electric pickups.
Last week, German specialty chemical maker Lanxess AG warned recent declines in sales volumes were more severe than during the 2008/2009 recession. To bludgeon home his point, Chief Executive Officer Matthias Zachert added: “This feels like Lehman II.” Gulp.
Five of the six biggest banks — all apart from Citigroup Inc. — are likely to see their capital requirements lowered for the year ahead after sailing through a tougher test than last year with smaller losses.
Reading Brendan Ballou’s book, Plunder: Private Equity’s Plan to Pillage America, was to experience a continually reinforcing series of feelings of outrage.
The housing market is full of surprises. Sentiment among homebuilders has been perking up, their stocks are surging, and new home sales are at the strongest since early 2022. All in the face of persistently high mortgage rates.
New research shows that those who invest in stocks with positive environmental, social and governance (ESG) scores have improved the behavior of those companies.
Yields on long-term US Treasury securities have risen, and prices have fallen, farther and faster over the past few years than at any time since the 1980s. This has wreaked no small amount of havoc — contributing, for example, to the recent demise of several regional banks.
Fortunately for Biden, November 2024 is still a long ways off, leaving him plenty of time to correct some of these deficiencies in the labor market and improve consumer sentiment. If he can’t, then we might end up with back-to-back one-term presidents.
There’s a mantra in markets that you’re not supposed to “fight” the Federal Reserve. Policymakers fight inflation by tightening “financial conditions,” and broad market rallies tend to work against that objective.
Runway AI Inc., whose artificial intelligence software can create a short video from just a few typed words, has raised $141 million in funding from Alphabet Inc.’s Google, Nvidia Corp., Salesforce Inc. and other investors.
Tech stocks have had a great year in 2023. Despite many prognostications to the contrary, a rational evaluation of the evidence does not suggest a price bubble in tech or the overall market.
The problem with Gretchen Morgenson and Joshua Rosner’s These Are the Plunderers: How Private Equity Runs – and Wrecks – America is that while their moral and factual indictments of private equity operations find their mark, their pound-the-table-and-yell-like-hell tone detracts from its credibility.
China’s tech sector has a new obsession: competing with US titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.
BlackRock Inc. is betting on the AI boom as it latches onto the promise of productivity gains from artificial intelligence.
The US economy keeps surprising the doomsayers, and Tuesday’s data is just latest the example.
Longtime Japan watchers could be forgiven for getting a bad feeling upon learning that a government-backed fund is shelling out $6 billion to take control of a domestic technology company.
The Bank of England surprised financial markets last week by raising its policy rate by half a percentage point instead of the expected quarter. The bigger surprise was that so many investors and analysts were surprised.
