Vanguard is boosting its holdings of Treasuries, taking advantage of higher yields following the Middle East conflict to lock in rates and hedge against the risks of a potential growth slowdown.
Without a clear owner, even the best marketing plans collect dust, while client work takes priority. But during those times when you're laser-focused on serving clients, the marketing that should be growing your practice isn't happening. Ideal prospects are finding someone else. Referral sources go quiet.
Stocks are trading near a record high, signaling Wall Street is learning to cope with lingering geopolitical risks. Main Street is struggling to catch up.
Investing pros say strong quarterly numbers that beat already lowered expectations aren’t likely to move the richly valued stock. Rather, Tesla needs one of two things to drag its shares out of their rut: Concrete signs of progress on its robotaxi plans or a shiny new object from Musk’s playbook that moves the goalposts for the company and resets the timer to show results.
Google has emerged as one of the most successful makers of in-house AI chips in an industry dominated by Nvidia Corp. TPUs have become a hot commodity in Silicon Valley in recent months, and the company is looking to build on that momentum with the latest versions.
As the spring session for my graduate class, Leadership Lab, comes to a close I am in Chicago working with middle management leaders in the financial advisory space on leading teams. It seems appropriate at this time to offer some reminders about simple things you can do to be a better leader for your team.
Every prospect is different. They have different interests, different decision timelines, and different levels of engagement. Treating them all the same because your CRM can't segment effectively is leaving money on the table.
In announcing on Monday that John Ternus would be succeeding Tim Cook as chief executive officer of Apple Inc. this year, the company’s board made it clear: We’re a hardware company and we’re going with the hardware guy.
The long-term care confidence gap is the difference between understanding the importance of a risk and consistently addressing it with clients. Advisors know, but they do not always say. The gap isn’t about intelligence or professionalism; it’s about the difference between technical knowledge and conversational leadership.
In practice, referrals depend less on how clients feel and more on how clearly they can represent what the advisor does when it matters. That moment is usually fleeting.
Early in my financial planning career, if a client told me they had a terminal diagnosis, every alarm in my head would go off. Before the meeting was over, I would have a to-do list that was three pages long.
A recently passed law in Indiana now requires some state retirement plans to allow participants to invest in cryptocurrency, setting the stage for broader crypto adoption by public funds.
JPMorgan Chase & Co. is working toward getting approval from Chinese securities regulators to launch actively managed exchange-traded funds in the country for the first time.
The Pentagon’s largest-ever budget request earmarks $75 billion for drones and technologies to counter them, mainly for a massive increase for a little-known office working with US commandos to test and evaluate various systems, according to defense officials.
Would you buy OpenAI’s shares even though the transaction might expose you to a liquidity crunch? SoftBank Group Corp.’s founder Masayoshi Son did just that.
Billionaire money manager Bill Ackman is giving away a stake in his firm to investors who support his latest hedge-fund launch. This looks like a good deal. And so it should: If you’re selling a fund in the form of an initial public offering, you have to dangle the prospect of a quick buck.
Ternus will have a challenge when he officially takes the job in September. Even as he maintains Apple’s device empire — and its more than $400 billion in annual revenue — the executive will need to take chances, enter new product categories and find the company’s footing in artificial intelligence.
Military households often possess uncommon balance-sheet advantages; however, those advantages do not create wealth on their own. They matter only when a family uses them deliberately, in the right order, and with a clear understanding of the trade-offs.
Given the misunderstanding linking subprime mortgages and private credit, I discuss how leverage and derivatives, layered atop subprime mortgages, were at the heart of the GFC. A better understanding of that event will help advisors and investors better assess whether recent woes in private credit are an omen of another crisis or an overstated concern.
Choosing when to invest is one of the most important factors influencing your retirement security. The best time to start building retirement savings is after your first paycheck. Starting that early allows you to maximize how much time you have to save and how much time those dollars have to grow, thanks to compounding interest.
What makes recessions so harmful to workers is the freezing of movement. The gears of the labor market — gears that are constantly shuffling workers from job to job to unemployment to job again — slow to a crawl.
Developers including D.R. Horton Inc., Lennar Corp. and KB Home all missed expectations last quarter and estimates suggest both sales and earnings have fallen further as conflict in the Middle East unsettled buyers and raised costs.
Strategists at some of Wall Street’s biggest banks are upbeat on the outlook for US earnings after a positive start to the first-quarter reporting season.
Investors are set to pour more money into defense, energy and technology stocks as the Middle East war forces governments to prioritize security and become more self reliant.
The housing industry had good reasons for optimism heading into 2026. Transactions were picking up after three listless years as improved affordability and decent inventory levels brought buyers back into the market.
Sam Altman, the chief executive officer of OpenAI, said at a finance conference in October 2023 that he and his “CEO friends” were running a betting pool on when the first one-person billion-dollar company would be created thanks to artificial intelligence.
EQT AB, Europe’s biggest private equity firm, says the path to exiting investments in clean-energy developers and operators faces a growing number of hurdles.
Bitcoin’s recovery above $75,000 has a credibility problem: the traders with the most leverage don’t believe in it.
US stocks rallied Friday after Iran said it would open the Strait of Hormuz following the truce between Israel and Lebanon, promising to ease an oil shock that has shadowed the global economic outlook ever since President Donald Trump started the war seven weeks ago.
Intel Corp. shares leaped to their highest intraday level since the dot-com era on Friday as optimism that the chipmaker’s turnaround plan is working continues to grow.
During and immediately after the financial crisis of 2008, there was much talk and academic research about the rapid growth of the US financial sector over the preceding decades and whether that was good or bad.
For the first time, stablecoins have surpassed the Automated Clearing House (ACH) payments network in monthly transaction volume. According to blockchain analytics platform Artemis, stablecoins processed $7.2 trillion in February, topping the ACH’s $6.8 trillion.
As private credit managers mount a spirited defense of their industry to discourage investors from fleeing, they’ve found at least one persuasive argument for why much of the cash they lent to software firms at the start of the decade shouldn’t be at risk.
The Iran war has created a reshuffle in investing. High-flying tech companies are out while unloved old economy names are getting a second look.
When Paul Atkins took the helm of Wall Street’s top regulator, he came with a long to-do list: craft rules for the cryptocurrency industry, make initial public offerings “great again” and ease financial reporting for public companies.
A dramatic shift is underway in US equity markets. Stocks hit an all-time high Wednesday as Middle East peace hopes tamped down geopolitical anxiety, and derivatives traders who had pulled back from bullish bets are now racing to position for further gains in technology shares.
Hedge funds are increasingly downbeat on the dollar as the prospect of a two-week ceasefire extension between the US and Iran sap the currency’s war-driven strength.
Mythos, a new artificial intelligence model that Anthropic PBC has teased as too dangerous to release, looked at first like a problem for banks.
I came across a statistic the other day that goes against the intuition of practically everyone in the US who has a job: Americans are working less than they did in the 1950s and ’60s. How is this possible, when we all feel chained to our desks or our phones?
Bitcoin trended toward the high end of its more than two-month trading range as risk assets rallied on optimism that the US can strike a deal with Iran to end their conflict.
With the US-Iran war demonstrating not just how captive the world economy remains to fossil fuels, but also how easily energy can be weaponized, whether to drill at home is becoming an even more pressing question for some countries.
Most business owners spend decades building their business. For many, it represents 70–80% of their net worth. As your client’s trusted advisor, your role isn’t to become a transaction expert. It's to recognize where risks lie, ask the right questions, and spot red flags.
The S&P 500 Index is on track to close at its first record since January, as traders bid up stocks amid optimism over the ceasefire between the US and Iran and robust corporate fundamentals.
Wall Street has gotten repeatedly burned calling a bottom in software stocks, which have been hit hard by fears that artificial intelligence will make the companies obsolete. But this week’s bounce is bringing some bottom-fishing investors back to the group on hopes that the worst may finally be over.
Pacific Investment Management Co. bought all $400 million of bonds issued Monday by a Blue Owl Capital Inc. private credit fund, according to people with knowledge of the matter.
Bank of America Corp. disclosed it has about $20 billion in private-credit exposure, as the bank and its Wall Street peers seek to calm concerns about the industry’s exposure to the asset class.
Morgan Stanley’s traders got a boost from President Donald Trump’s deregulation agenda. In the first three months of the year, Morgan Stanley plowed capital that was freed up after US regulators relaxed a key rule into its prime brokerage division and its macro trading desks, according to Chief Financial Officer Sharon Yeshaya.
When I teach my graduate classes in leadership, we talk about the essence of motivation. Even the best leaders cannot motivate other people to do something. They can create an environment within which the person becomes self-motivated. But motivation is intrinsic.
Compliance officers hold qualifications that take years to earn, develop an understanding of regulatory frameworks most people in financial services never fully acquire, and build institutional knowledge that no keyword-match system can replace.
Novo Nordisk A/S will integrate OpenAI’s artificial intelligence across the company to accelerate drug development.
