Based on my anecdotal experience, I’ve come to the reluctant conclusion that many advisors are clueless about what it means to be a fiduciary.
Stocks are rallying on hopes the Fed will stop increasing interest rates this fall, pivot, and start reducing them next year. Investors are blindly buying into this pivot narrative.
Corporations will pay nearly $296 billion more in US federal taxes over the next decade, and middle-income households will see some tax cuts, under the tax-and-climate bill that is likely to become law in the coming days.
In an American housing market that for years has been plagued by too little inventory, builders are suddenly finding themselves with a glut of unsold homes.
If you have an aversion to the mathematics that go with the bond market, you’re not alone. It’s complicated and counter-intuitive, based in concepts that are hard to visualize.
US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.
Elon Musk sold $6.9 billion of his shares in Tesla Inc., the billionaire’s biggest sale on record, saying he needed cash in case he is forced to go ahead with his aborted deal to buy Twitter Inc.
Coinbase Global Inc. posted a record $1.1 billion second-quarter loss and lower-than-expected revenue as the largest US cryptocurrency exchange was battered by tumbling digital-asset prices.
How many times have you had an initial consultation with a newly qualified prospect, and no matter how well you explained your process, they just wouldn’t take the next step with you?
US productivity slumped for a second-straight quarter as the economy shrank, driving another surge in labor costs that risks keeping inflation elevated and further complicates the Federal Reserve’s efforts to tame price increases.
Micron Technology Inc., the leading US maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.
The bond market’s yield curve has a sort of mythical hold on economists and investors. It’s easy to see why, given that every recession since the 1950s has been preceded by an inverted curve, which happens when short-term rates rise above long-term ones.
When the liquidity tide recedes, investors from sovereign wealth to billionaire family offices are getting even more impatient with hedge funds. They are discovering that a lot of these expensive money managers don’t really hedge, and the pivot toward private equity was the right decision after all.
When it comes to a comfortable retirement, women in the US have the cards stacked against them.
Tesla Inc. and Coinbase Global Inc. fans are about to get their first ETFs that amplify bets on the notoriously volatile companies, among a slew single-stock products hitting the market Tuesday.
Let's examine why communities are so important for women in finance and explore three of the top benefits of joining one.
How can advisors draw insights from “the Ferrari way”?
Sequence of returns risk can be totally avoided.
How would you feel to learn your financial planner came close to bankruptcy five times?
President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment.
Apple Inc., which used to acquire a company every three or four weeks, has dramatically slowed its dealmaking in the past two years, a sign the tech giant is being more choosy in the face of a shaky economy and heightened government scrutiny.
Warren Buffett’s Berkshire Hathaway Inc. is following an age-old adage: Buy the dip.
Gold, according to financial markets lore, is a pretty simple beast.
You would think the news that Coinbase Global Inc. had entered into a partnership with BlackRock Inc. to help institutional investors manage and trade Bitcoin would energize the slumping cryptocurrency market.
Friday’s positive jobs report — which far exceeded expectations — would seem to suggest that recession fears have been a bit overblown.
How do you know what your clients are thinking in real time, as the markets jump around unpredictably, as clients go through life changes which are largely invisible to their advisor unless the clients proactively contact them?
New research shows the corporate performance has improved as their environmental practices have become better, while energy consumption and carbon emissions have decreased.
Each generation is destined to repeat the struggles of the generations that came before it. And you can’t escape. You can’t be different – though you’ll try. Everybody tries.
According to MPT, following certain steps leads to the optimal portfolio for the individual’s risk and return preferences. But, like executing a perfect squat, knowing how to build the optimal portfolio is not enough.
Having a strong marketing foundation requires the following four cornerstones to make the tactics and strategies you implement effective.
Bitcoin lingered near $23,000 after a report showing the US added more jobs than forecast last month renewed concern that higher interest rates could reduce demand for riskier assets.
Meta Platforms Inc., one of the few S&P 500 companies without debt, is selling $10 billion in its first ever corporate bond sale as its cash flow and stock price fall.
Two new exchange-traded funds trying to capitalize on overnight equity gains, or so-called “night effect,” are taking a hit.
The fast-growing software companies that took a pounding in this year’s technology stock selloff suddenly are stars of the market, and earnings are a big reason why.
The tight labor market probably didn’t get the US into this inflationary mess, but it is part of the reason that it’s going to be so hard to get out of it.
The CHIPS and Science Act, which President Joe Biden is poised to sign into law next week, was pitched as a once-in-a-lifetime chance to revitalize the US semiconductor industry and counter Asia’s manufacturing power.
Internships at Meta Platforms Inc., the Facebook and Instagram owner, are coveted for their selectivity, high compensation, lavish perks -- and most of all, the potential job offer waiting at the end of the summer. This year, that’s more elusive.
Treasury yields surged on stronger-than-expected US employment data that shore up the case for additional hefty central bank interest-rate increases.
A tax on stock buybacks is on the cusp of becoming law, potentially hampering a beloved tactic by companies and investors to boost share prices.
Elon Musk, chief executive officer of Tesla Inc. and the world’s richest person, said he sees signs the global economy is “past peak inflation.”
China announced sanctions on US House Speaker Nancy Pelosi over her landmark trip to Taiwan this week, making her the highest-ranking US official designated for penalties by Beijing.
If there’s one thing the impending back-to-school season makes clear, it’s that the cost of higher education in the US is nerve-racking.
Do we continue to debate if it is a duck (recession)? If it looks, walks, swims, and quacks like a duck, then it is a duck.
US employers added more than double the number of jobs forecast, illustrating rock-solid labor demand that tempers recession worries and suggests the Federal Reserve will press on with steep interest-rate hikes to thwart inflation.
We didn’t need the reported two consecutive quarters of declining real gross domestic product —the unofficial determination of a recession—to tell us the US economy is already in, or at least close to, a business downturn.
Even if a downturn is narrowly avoided, high inflation and falling asset values have already destroyed wealth and made everyone poorer.
Tesla Inc.’s months-long rally took a pause Friday as the stock retreated following seven sessions of gains after the electric-vehicle maker’s shareholders approved a three-for-one stock split on Thursday.
We meet the official definition of a market correction and the unofficial definition of a recession, and we’re close to the definition of high inflation. Market corrections can and have caused recessions. Be prepared for all three problems coexisting for many years.
Given the Fed's enormous impact on markets and its extremely hawkish stance due to inflation, a well-reasoned inflation forecast is imperative for investors.
For some reason, people are feeling good. Animal spirits are on the run.
