Has the US Federal Reserve gone too far in its fight against inflation, tipping the world’s largest economy into a damaging recession?
The ability of AI to demonstrate empathy holds great promise for enhancing user interactions and support services. However, its current limitations highlight the irreplaceable value of human empathy.
Savvy advisors that blend classic prospecting methods with modern tech are not only reviving successful strategies from the past but are also setting the stage for sustainable future growth.
To remain competitive and become a national brand, RIAs will almost certainly need the support of a capital partner. However, it’s important to critically evaluate those partners and ensure they are best equipped to offer support for a given RIA’s specific set of needs.
When I run sessions on dealing with difficult people one of the things I consistently point out is the gift that difficult people give us: they are known and their behavior is repeatable and can be anticipated.
Investor complacency is often blamed when rising stock markets ignore potentially unsettling data for weeks and then viciously sell off. But this very human-sounding characteristic mostly isn’t in the minds of traders: It’s baked into the structure of modern investment strategies.
Corporate borrowers are selling investment-grade bonds at the fastest clip since 2020 as companies take advantage of lower yields to issue debt before the November election.
Family Feud, a popular game show when I was growing up, would ask contestants to guess how a group of people had answered a specific question. It served as a regular and early reminder for me of the importance of supplementing one’s thinking with external perspectives.
Turmoil in the markets has renewed fears that the US did not escape history after all, that a hard landing — a recession — is coming. Whether this is all a blip from a rising yen or a justified reaction to an actual weakening of the US economy is still unknowable.
Fiscal conservatism has more or less vanished from America’s political landscape. Government borrowing, despite the strong economy, continues to push public debt to record levels – and the presidential contenders and their parties say scarcely a word about it.
For months investors have faced a dilemma — pay through the nose for technology giants trading at eye-watering multiples, or wait for a cheaper entry point and risk missing out on the year’s biggest bull run.
While strategy provides direction, a strong culture is the foundation that supports and sustains an organization’s success. Culture influences every aspect of an organization and defines the purpose and values that guide the actions of employees.
If there’s one thing that’s hard for many advisors to let go of, it’s the idea that a multi-step sales process is required to make the sale.
Buying US stocks after a slump of the scale witnessed over the past month has usually been profitable, according to a Goldman Sachs Group Inc. analysis of four decades of data.
A major rally in the $27 trillion Treasury market is laying bare anxiety that the US economy is sliding into recession and the Federal Reserve will need to start aggressively cutting interest rates.
On days like Monday’s dramatic selloff, which capped a three-week loss of $6.4 trillion in global wealth, personal finance experts usually have the same advice for wary retail investors:
For a technology that promises to help businesses cut costs, artificial intelligence has had a big problem with being so costly.
Friday’s weaker-than-expected jobs report has sparked a robust debate about whether the economy is sliding into recession or whether the rise in the unemployment rate in July was due to a continuing post-pandemic normalization of the labor market.
Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha, Nebraska-based conglomerate, Berkshire Hathaway Inc., reported Saturday that it reduced several positions and slashed its stake in top-holding Apple Inc., a sign to some in markets that the “Oracle of Omaha” was bracing for deep stock-market declines.
Roth conversions, when executed with precision and strategic foresight, can significantly enhance a client’s financial plan.
What does a “private equity firm” do? You may not know or care. Yet one of these specialized companies might possibly own your favorite restaurant—or your hospital.
Is this the beginning of the inevitable bear, where these then-most-valuable stocks could get clobbered? Here’s what history teaches us about the current concentrated market and the current correction.
Dollar cost averaging involves committing money to the stock market gradually, rather than all at once. This time spent out of the market leads to lower returns, but also to commensurately lower risk.
In my opinion, the primary reason that yields are too high is a pronounced fear from the Fed and bond investors of another round of inflation. The Fed runs an extraordinarily tight monetary policy to ensure it doesn’t reoccur.
De Leus and Gijsels, both originating in the world of institutional brokerage identify the five principal trends affecting investments in the near future. The two take turns writing chapters so that the book is a straight man/funnyman show, with the straight man providing mostly sound, conventional analysis and the funnyman interviewing dead economists and Fed chairmen not yet born.
The Nasdaq 100 is set for its biggest opening drop in more than four years, with investors bracing for days of volatility amid rising concerns over a slowing US economy and overheated gains in the tech sector.
Global bonds rallied as traders bet the Federal Reserve and fellow central banks will turn more aggressive in cutting interest rates amid mounting concern that economic growth is faltering at a faster pace than expected just weeks ago.
The US stock plunge is vindicating some of Wall Street’s most prominent bears, who are doubling down with warnings about risks from an economic slowdown.
With stock markets plunging around the world, traders are talking up the prospect of an emergency interest-rate cut from the Federal Reserve after the US central bank passed up the opportunity to ease policy last week. Not only is this highly unlikely, it would be counterproductive.
Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since 2021.
Jeff Bezos’ wealth slumped by more than $21 billion after Amazon.com Inc. said it planned to continue spending big on artificial intelligence even at the expense of short-term profits.
Municipal bonds extended their rally on Friday after a lackluster jobs number cemented expectations that the Federal Reserve will start cutting interest rates by the end of its next meeting in September.
Wall Street banks are calling for aggressive interest-rate cuts by the Federal Reserve based on the latest evidence that the labor market is cooling.
In markets and economics, you sometimes have to hold two thoughts in your head simultaneously — an important lesson on a day in which the US unemployment rate unexpectedly surged to its highest in nearly three years.
Global investors are gobbling up bonds that can be turned into stocks, feeling good about the prospects and return potentials of smaller companies.
Cassandras seldom get opportunities to be right about two disasters. Even the original Cassandra scored no notable victories after predicting the fall of Troy. But when a seer who successfully called one catastrophe warns of another coming, you might want to listen.
Amazon.com Inc., Microsoft Corp. and Alphabet Inc. had one job heading into this earnings season: show that the billions of dollars they’ve each sunk into the infrastructure propelling the artificial intelligence boom is translating into real sales.
The bond-market rally escalated Friday after a report showed that job growth slowed sharply last month, further stoking speculation that the Federal Reserve will start aggressively cutting interest rates to keep the economy from stalling.
The violent rotation from Big Tech plunged the Nasdaq 100 Index into correction territory, wiping out more than $2 trillion in value in just over three weeks, as traders unwound bets that had been minting money for over a year.
A fifth of Americans are on the hook for an 833% jump in the cost to ensure the lights stay on. The folks being paid that premium, mostly electricity generators in this instance, face that most welcome of problems: What to do with a windfall.
Economists Stephen Miran and Nouriel Roubini are making waves by suggesting in a paper published last week that the Treasury Department has actively engineered easier financial conditions by increasing the issuance of short-term bills and, consequently, reducing the share of longer-term notes and bonds, thereby keeping yields lower than they would otherwise be.
Federal Reserve Chair Jerome Powell signaled central bank officials are on course to cut interest rates in September unless inflation progress stalls, citing risks of further labor-market weakening.
Nvidia Corp.’s wild ride this week is headed for the record books.
Predicting a labor-market downturn was never an easy task. But unique post-pandemic dynamics are making it even harder for economists to determine whether a recent uptick in the unemployment rate is signaling trouble ahead.
Third party custodians provide a critical back-office function for RIAs – and beyond the important job of safeguarding client assets, they have more sway over operations than one might initially expect.
It’s hard to work daily with and for someone who clearly doesn’t like you or want you to succeed.
When dealing with millennials and often with more seasoned investors, it’s important to understand their barriers to acceptance of a boring approach to investing.
US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand.
Private equity has been in the news frequently in the last few weeks, and not in a good way.
Which financial assets a central bank should buy and sell is hardly a novel question. Historically, the US Federal Reserve has focused on shorter-term Treasury securities, but quantitative easing had the Fed buying mortgage securities and quality commercial paper in significant quantities. More generally, central banks often hold gold and foreign currencies.