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US Convertible Bond Market Hits Record as AI Spending Surges
US convertible bond sales have reached their highest annual total on record, according to data compiled by Bloomberg, as companies look to fund heavy artificial intelligence-related spending.
The Bull Market Fears a Fed Cycle, Not One Hike
Wall Street has a rule for how equity bull markets end: the economy rolls over or the Fed tightens until something breaks. Neither is in place right now, but rate risk is creeping back.
S&P 500 Slides Fourth Straight Day as Oil Prices, Yields Surge
US stocks fell for a fourth straight day, their longest slide since June, as the relentless climb in oil prices and fresh evidence of sticky inflation boosted Treasury yields and bets the Federal Reserve will lift interest rates.
Sept. 11 Anniversary Marked by Somber Remembrance 25 Years Later
A quarter-century after the Sept. 11, 2001, terror attacks, families returned to the World Trade Center site on Friday to read aloud the names of the dead, marking a milestone anniversary of a tragedy that reshaped America.
US Core CPI Tops Forecasts, Bolstering Case for Rate Hike
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week.
What a Fed Rate Hike Actually Means for the US Economy and Inflation
Federal Reserve officials have signaled they’re prepared to raise interest rates if inflation doesn’t improve soon, but they may find their main policy tool will do little to restrain some of the forces pushing up prices now.
Meta Upgraded at JPMorgan as Muse Highlights Better AI Position
Meta Platforms Inc. was upgraded to overweight at JPMorgan Chase & Co. on Thursday, the latest example of how sentiment toward the Facebook parent’s position with artificial intelligence has been improving.
Gold Hovers Near $4,400 as Traders Weigh Fed Interest-Rate Path
Gold hovered near $4,400 an ounce, as traders awaited US inflation data due later this week for clues as to whether the Federal Reserve will hike interest rates this month.
Wall Street Is Betting On a Split Congress With Midterms on Tap
The midterm election season has entered its final stretch, and Wall Street is busy drawing up game plans for a range of scenarios. Yet, in a fortuitous turn of events, the best outcome for markets is also looking like the likeliest one.
Oil Hits $105 as Middle East Flareup Heightens Supply Worries
Brent oil spiked to $105 a barrel as rising tensions in the Middle East heightened concerns over global supplies.
What To Say When a Client Loses a Spouse
The alternative is to be proactive by helping a grieving client name and address the financial concerns that loss creates, without ever rushing them. Doing that well takes two things: an understanding of how grief actually unfolds and a deliberate process for the conversation itself.
How Firms Can Get Ahead of the Industry’s Talent Shortage Dilemma
As clients come to advisory shops more informed, due to the plethora of financial advice available online, firms will need to be able to “stress test the information or bias” they arrive with. A comprehensive team, with training across advisory areas, can offer clients more depth of service.
When the Leaders Are a Little Clueless, You May Have a Role to Play
When navigating leadership decisions that leave a team feeling underappreciated, offering benefit of the doubt can reduce personal frustration and help maintain productive daily interactions.
Americans Deserve Better Oversight of Their Annuities
Every year, Americans send hundreds of billions of dollars of retirement savings to life insurers in return for annuities that promise a future income. It’s an industry built on trust and prudence.
Apple’s Rally Pressures New CEO to Deliver on Foldable iPhone
Apple Inc.’s $570 billion summer surge is saddling new Chief Executive Officer John Ternus with high expectations heading into the company’s most anticipated event in years: the unveiling of the foldable iPhone on Wednesday.