Prediction markets will not replace traditional financial products. That is not their purpose. They do, however, influence client behavior in ways firms cannot ignore.
Precious metals, cryptocurrency, and currency speculation appeal to fear-driven parts of us that want certainty, protection, or a shortcut to wealth. Unfortunately, for most investors, that promise is never fulfilled.
For years, advisors haven't had the tools to offer comprehensive estate planning. AI changes what's possible. You're not just managing their portfolio; you understand the client’s entire financial life — their business, their family dynamics, and the legacy they want to leave behind.
President Donald Trump and Prime Minister Narendra Modi took a major step to reset fractured ties with a surprise deal on Monday to slash tariffs, bringing much-needed relief to India’s economy.
Artificial intelligence tops the investment priority list for family offices globally, a survey from JPMorgan Chase & Co.’s private bank shows, though allocations lag and remain concentrated in public equities.
A common proclamation made by tech leaders is that while artificial intelligence will destroy jobs, it will also create many new ones. But what kinds of new careers will AI spark? And, more importantly, will they last?
President Donald Trump formally announced plans to launch a $12 billion critical minerals stockpile, in his latest effort to aid manufacturers while minimizing reliance on Chinese rare earths.
Warren Buffett has a great line on how hard it is to pick winners when major industrial change is afoot. “What you really should have done in 1905 or so, when you saw what was going to happen with the auto, is you should have gone short horses,” the Oracle of Omaha once said.
No one knows what the future holds — especially not with burgeoning technologies such as AI. The best opportunities in AI may not be in today’s high-fliers but in lesser-known companies — some of which may still be private or not yet formed.
Joel Mokyr has made a valiant and mostly convincing effort — deeply researched and extensively documented — at explaining the Great Enrichment. His Nobel Prize is not only richly deserved but long overdue.
The concepts underlying our suggestions are straightforward, grounded in basic portfolio theory, and eminently practical. Most importantly, they align the committee’s focus with the endowment’s true objective: maximizing the sustainable resources available to beneficiaries over the long run.
Crypto’s latest downturn looks different on the surface. There are no spectacular scandals, no bankrupt exchange, no regulatory crackdown. Yet for the industry’s biggest trading platforms, the damage is starting to look uncomfortably familiar.
US stocks advanced on Monday after stronger-than-expected manufacturing data outweighed lingering questions about the interest-rate outlook following President Donald Trump’s decision to pick Kevin Warsh as the next Federal Reserve chair.
Money managers at BlackRock Inc., Bridgewater Associates and Pacific Investment Management Co. are shoring up their portfolios against a fresh bout of inflation.
Reality has a way of catching up with theory eventually, and now it has for Japan, whose long-term bond yields are rising as the yen is depreciating. The Japanese experience, it turns out, is not an excuse to run up lots of debt. It is a cautionary tale.
There are calls in Europe to “sell America” and invest that money at home in response to political tensions over Greenland.
Buying a house is expensive enough these days. But the costs of owning one have been rising, too — not least because of soaring insurance premiums. As policymakers of both parties have made housing affordability a top priority in recent years, they’ve done far too little to address this crisis in the making.
The iconic American manufacturer of commercial aircraft is investing to increase production rates of the 737 Max and the 787. The finish line for certification of two Max variations is in sight this year, and the game-changing 777X is expected to clear regulatory hurdles next year.
Apple Inc. had a very, very merry Christmas. “Unprecedented” demand for the latest iPhone pushed revenue for its top device up 23% year-on-year to a staggering $85.27 billion in the holiday quarter.
While much of the United States is ending January with bitterly cold weather, signs of a thaw are emerging in Florida’s housing market after years of stagnation. This is by no means an “all clear” signal.
If you play it safe and the fund doesn’t generate sufficient returns, it will require more contributions, often from taxpayers. But if you take too much risk, it could also go wrong and leave the fund without enough money. The task requires balancing risk and reward.
Gold surged to a record above $5,500 an ounce, extending a breakneck rally fueled by a weaker dollar and investor flight from sovereign bonds and currencies to a ninth day.
Jerome Powell has two more opportunities to adjust interest rates before his term as Federal Reserve chair ends — and he may not need them.
Apple Inc.’s stock is taking a hit as investors try to assess how much rapidly rising memory prices are eating into its bottom line. Investors will get a peek when the iPhone maker reports its earnings after the close Thursday.
Elon Musk, ever attuned to the political zeitgeist, has updated Tesla Inc.’s mission to “amazing abundance.” It is the kind of hyperbole beloved of investors in the company he runs.
Who could forget those heady days when Microsoft Corp. Chief Executive Officer Satya Nadella looked like the smartest man in tech? When ChatGPT emerged in late 2022, his decision to back OpenAI put Nadella’s company at the forefront of the AI boom.
Federal Reserve officials left interest rates unchanged and pointed to improvements in the US economy as they signaled a more cautious approach to potential future adjustments.
Dealing with difficult clients is a topic I discuss often with advisors. When a client is being “difficult”, there are a few key psychological factors to understand. I’ve outlined a process below that may help you navigate these high-stress interactions.
It’s possible to make your communication with clients both more impactful and more efficient if you’re smart and strategic about using the tools you have available. Let’s take a look at how to leverage some of the most common communication tools effectively for your firm.
If you feel like your website is a little outdated or isn’t serving as the lead machine you want it to, it might just be time for a refresh. Before diving in, take some time to get feedback from trusted friends, consider your goals, and always keep your prospects’ pain points top of mind.
Amazon.com Inc. is cutting 16,000 corporate jobs in an effort to remove layers of bureaucracy and “increase ownership,” becoming the latest company to target managers for layoffs in recent years.
Investors wondering about payoffs from the pile of cash being spent on artificial intelligence should get some clues when Microsoft Corp. and Meta Platforms Inc. post earnings after the close Wednesday.
Over the past year, Tether has quietly become one of the biggest players in the global gold market — the embodiment of a meeting of the crypto and gold worlds whose shared distrust of government debt is a major factor behind the surge in prices to never-before-seen highs above $5,200 an ounce.
Mayor Zohran Mamdani is amping up pressure on Governor Kathy Hochul to hike taxes for the richest residents and corporations, asking the state to send billions more in aid to New York City as he faces mounting budget holes.
One frustrating characteristic of the AI boom seems to be that everyone must pay for it, regardless of any interest in using it. For some, it will be through rising utility bills as data centers strain the grid.
The Federal Reserve is widely expected to halt its interest-rate-cutting cycle this week, as a steadier jobs market restores a degree of consensus at the central bank after months of growing division.
Investing in line with our beliefs, whether about social issues, environmental concerns, or politics, can feel principled and emotionally satisfying. But markets don’t care about our convictions.
There is always uncertainty about the most likely path forward for the economy and markets — and now is no different. We will continue to watch the headlines and data to see the ultimate impact on the consensus view.
Advisors training their future leadership team should be taking the long view — preparing to steadily nurture talent over the years so clients and other employees feel comfortable with your succession plans.
Put me down as an AI optimist. Artificial intelligence has the potential to transform the economy and make Americans richer, healthier and more productive. I’d bet money on it — in fact I have, through the shares I own in an index fund, which means I am long the US economy.
The next chapter of the aggregation success story won't be written by deal pace alone. Success will increasingly depend on the ability to attract, develop, and retain exceptional talent across diverse markets and service areas.
Venezuela’s bonds lingered for years in financial purgatory. Investors held them as a lottery-ticket-like bet on the improvement of a dysfunctional country. Most steered clear.
Anthropic PBC is finally having its own ChatGPT moment. A powerful new version of its Claude chatbot can now take actions on a computer, and the broad repercussions of that advance are impossible to predict.
Standard Nuclear Inc., a uranium startup, raised $140 million to boost production of fuel for advanced reactors in an effort to expand the US energy supply chain amid surging interest in fission power.
Blackstone Inc. is planning to hire more people across Asia to tap growing opportunities in private markets, said Ed Huang, the firm’s head of Asia Pacific private wealth.
Mathematics in the investment field is almost 100% phony. Virtually all that is really needed are the four arithmetic operations students learn by the third grade: addition, subtraction, multiplication, and division. The rest of the mathematics used in the investment field serves no purpose other than to impress people.
The circular investing phenomenon that is currently occurring among the Magnificent Seven companies is very similar to the Japanese Keiretsu concept. Under this business model, companies with interlocking business relationships and shareholders dominate a country’s economy.
Investors selling the dollar to buy emerging-market currencies are off to a lucrative start to 2026, with strategists at top banks expecting such strategies to build further on last year’s 18% rally.
This endless sequence of numbers that form ratios, known as the Fibonacci sequence, provides a technical analysis tool for managing financial securities. Before you assume we've lost our minds —relying on biology or, even worse, mysticism to predict stock prices — let us explain.
An increasingly unstable global geopolitical order has turbocharged stocks of military contractors in recent months. Now, with some of the biggest names in the industry set to report earnings this week, investors are eager for evidence that the rally is rooted in reality.
