Articles

Articles from our Weekly Newsletters

How to Properly Measure Risk

The narrative presented in this article is uniquely suited only to the retirement scenario. (And it neglects such complications as tax-deferred accounts, etc.) Other investing narratives will be different — for example, those of pension funds or endowment funds.

Can SpaceX Fire on All Cylinders?

To evaluate SpaceX from a fundamental perspective, investors need to quantify the implied growth in its valuation and compare it with both their own and market forecasts. In this article, we attempt to help by providing context for growth expectations, using Amazon’s history as a proxy. The question we pose is: What does the Amazon playbook require of SpaceX?

When a $10 Million Tax Break Isn’t Worth the Wait

Whenever faced with tradeoffs between risk and return, we recommend turning to expected utility. The method of maximizing expected utility is the most sensible technique for making these tradeoffs, taking into account both your personal preferences and the specifics of the situation.

Investment-Grade Corporate Bonds Are Offering Real Income. That's Not Why You Should Be Nervous.

Your client needs income. Investment-grade corporate bonds are offering it in the form of yields above 5%. That's a compelling number, and you're thinking about how to position this client's portfolio. Here's the problem: That 5% shouldn't be possible right now. And that's what should worry you.

Kioxia Faces More Volatility as Leveraged ETFs Hit Japan Stocks

Kioxia Holdings Corp. faces more wild price swings with leveraged exchange-traded funds tracking the Japanese memory chipmaker’s shares set to be listed in the US.

Jefferies Hires Muni Veterans from Goldman and Morgan Stanley

Jefferies Financial Group Inc. is hiring several muni sales and trading veterans, according to a person familiar with the matter.

Treasury Yields Follow Oil Lower With Fed and Supply in Focus

US Treasuries edged higher as oil prices softened after the US paused its nearly two-week campaign of strikes against Iran, while traders eyed a roughly one-in-three chance of a Federal Reserve interest rate hike on Wednesday.

Goldman, T. Rowe Debut Their First Interval Fund for the Masses

Goldman Sachs Group Inc. and T. Rowe Price Group Inc. are launching their first interval fund for the masses as Wall Street races to bring private investments to Main Street.

Warsh’s Twist Could Be Higher Fed Rates and Lower Mortgage Rates

Let’s get this out of the way right away: It’s highly unlikely the Federal Reserve will raise interest rates when policymakers meet this week after the latest data showed inflation has slowed.

Americans Are Richer Than Ever. Why Are They So Angry?

It is one of the great paradoxes of our time: Americans have never been richer — or more negative about the economy.

AI-Powered Trading Needn’t Be as Scary as it Sounds

Artificial intelligence operates at speeds and levels of complexity that its human creators can’t match. So what happens when it’s unleashed on financial markets?

Intel Turnaround Fueled by AI Data Centers Needing Its Chips

Intel Corp.’s long-awaited turnaround is in progress, now that the artificial intelligence data center boom is fueling demand for its chips.

Gold Edges Up as Traders Weigh Mideast Conflict, Fed Rate Path

Gold edged higher, holding firmly above the key resistance point of $4,000 an ounce even as the widening conflict in the Middle East fuels expectations for tighter monetary policy.

BlackRock Kicks Off $12.3 Billion Bond Sale for Meta Data Center

BlackRock Inc. began marketing $12.3 billion of high-grade bonds to fund a Meta Platforms Inc. data center project, testing investor appetite amid growing concerns about excessive AI infrastructure spending.

S&P 500 Futures Steady as Big Tech Rebounds, Oil Dips Below $100

US equity futures on Friday were little changed, indicating stocks are poised to steady from the deepest one-day drop in a month, as Brent crude prices fell below $100 a barrel and a selloff in Big Tech shares eased.