“Be careful in the equity markets,” warned Larry Summers. The bond market is predicting a recession but, he said, the equity market has not priced that in.
The fiercest adversary of investing based on environmental, social and governance (ESG) is Aswath Damodaran. ESG is a failure, its advocates are to blame, and the concept should be retired, according to Damodaran.
In a recent article, I opined on the upper hand that broker/dealers have when terminating their reps. The terms of those departures, as reflected in the disclosure documents, is similarly imbalanced.
While we cannot manufacture more time, there are some things to consider that will ease the frenetic rush to get things done. In this week’s article, I’ll share some best practices.
How do you go from the theoretical to the practical? What AI tools can you use that will streamline and improve your processes?
The failures of Silicon Valley Bank, Credit Suisse Group AG and others have gotten financial authorities thinking again about bank runs and liquidity regulations — and whether some rules ought to be tweaked to make the system safer.
JPMorgan has unseated itself for the title of largest actively managed exchange-traded fund in the $7 trillion arena.
The startup world has had a tough year — plagued by mass layoffs, plummeting venture capital investment and the chaotic collapse of Silicon Valley Bank. But many in tech believe that the worst is yet to come.
Alphabet Inc.’s Google has consolidated its artificial intelligence research groups into one unit, the company’s latest move to keep from falling behind in the AI race.
How can advisors ensure that clients will keep their assets with you?
Having recognized the myriad benefits of an advisor-CPA collaboration, here is how to embark upon the process of finding the ideal partner.
I reviewed some advisor websites and I was confused by their value propositions.
Being presented with only two choices is a financial red flag. There is almost always at least a third choice.
Hedge funds are betting on higher Treasury yields in a market that’s divided over whether the US economy can avoid recession and Federal Reserve interest-rate cuts.
As Microsoft Corp., Alphabet Inc., and — now — Amazon.com Inc. blaze ahead in the race to deploy advanced chatbots like ChatGPT, one rival remains nowhere to be seen. Apple Inc. may be biding its time for the technology to mature...
If the US ceases to be the world’s economic leader, it can only blame itself.
Here’s how we can improve financial planning projections to result in better forecasts, advice and guidance to households.
Bitcoin’s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts.
Despite the overwhelming academic evidence demonstrating the superior, long-term performance of index funds, investors may want to invest in actively managed products. New research shows the importance of choosing low-cost funds.
April is Financial Literacy month, but all that elicits from the advice industry is a collective yawn.
Investors are losing their ability to resist a stock rally that much of Wall Street is convinced is doomed.
Sometimes when volatility jolts financial markets, the safest trades can quickly morph into dangerous bets.
Capitalize on Google reviews to increase your firm’s visibility online, build social proof, and gain more business.
Resisting recency bias is the key to earning the premiums available from all risky assets, as this example illustrates.
Former Treasury Secretary Lawrence Summers rejected speculation that the dollar is rapidly losing its dominance in the global economy, and highlighted China’s detractions in providing an alternative reserve currency.
About a month ago, as Wall Street stared down the barrel of an incipient banking crisis, the investment world’s most-watched gauge of market volatility did a funny thing: It didn’t do much.
ChatGPT is the fastest growing app of all time, gaining more than 100 million users just two months after its launch in November. It allows users to have human-like conversations that include reasonable-sounding and often correct answers to all sorts of questions. Like humans, it can ask for more information and explain reasoning.
Big Tech earnings next week will offer investors a dose of reality following this year’s impressive gains in the sector that were powered by hype over artificial intelligence.
Many investors, including my clients, have been worried about their Schwab account safety. Are they right to be worried?
Bitcoin’s dominant showing in 2023 is leaving exchange-traded fund investors divided on what’s next for the world’s biggest cryptocurrency.
The top-performing advisors, the ones that are delivering the most value (as reflected by their income), are the advisors who are doing the most challenging things.
Procter & Gamble Co. and its peers have vowed to recapture profit margins that slipped during the pandemic. Now, investors are getting a chance to gauge their progress.
This year’s top US bond managers agree that Federal Reserve interest-rate cuts are inevitable this year. The main debate they see is how deep the economic pain gets.
The surprisingly resilient equity market is invigorating a time-honored options strategy, driving it to the best start of a year in two decades.
Artificial intelligence systems help us write essays, produce album art and translate languages. But the bigger impact from these technologies could be a shakeup of the entire software ecosystem, as a developers start to build their products around AI platforms instead of operating systems.
Homebuilders continue to finish homes faster than they’re starting new ones. Improved supply chains are allowing them to work through backlogs built up during the pandemic when they couldn’t keep up with demand.
Your prospect is not an expert and has no ability to judge whether you’re right for them based on the information you provide about their finances.
Four reasons, the rule of law, liquid financial markets, and economic and military might, all but guarantee the death of the dollar will not occur anytime soon.
Many advisors want to write or have an idea for a book stuck between their ears. They’re waiting for the time and inspiration to get it down on paper. So let me tell you a secret.
Apple Inc. is racing to build a trove of software and services for its upcoming mixed-reality headset, seeking to win over potentially wary consumers with apps that use the device’s novel 3D interface.
There was a time when investors would send money into Cathie Wood’s funds even when they were struggling. This year, even as ARK Investment Management roars back, the flows are notable by their absence.
Having presided over America’s first banking crisis since 2008, Federal Reserve officials are rightly focused on reforming regulation. That said, they should keep in mind some lessons for monetary policy, too.
AI provides a powerful tool for gaining valuable insights into user behavior, allowing you to make data-driven decisions that enhance client satisfaction and increase profitability.
I am not a fan of hiring a pure business-development person for an RIA for many reasons.
Here’s how to spend quality time with your family and support your team while out of the office.
The first wave of academic research applying ChatGPT to the world of finance is arriving — and judging by early results, the hype of the past few months is justified.
Nexus or Icebreaker? Two competing ideas are jostling for attention, each promising to reshape the inefficiency-ridden landscape of moving money from one country to another. Instead of trying to choose between them, central banks ought to give both a shot.
Disagreement is bubbling up at the Federal Reserve as dueling growth and inflation risks pull policymakers in different directions. If you think the debate seems fiery now, just wait until the third quarter, when recession may be at the nation’s doorstep.
BlackRock Inc. strategists are ditching the 60/40 portfolio in favor of public and private investments as well as tactical holdings of bonds to navigate higher interest rates.
If you're not creating valuable blog content, regularly posting it on your website and sharing it through social media, you are missing attention from countless potential clients.
