Twitter Inc. is set to charge users $8 per month for the privilege of having the blue-tick honorific put on their account.
Jerome Powell’s Federal Reserve did something Wednesday it hadn’t done for months: say something dovish. Investors had all of 30 minutes to celebrate.
Federal Reserve officials signaled their aggressive campaign to curb inflation could be entering its final phase even as they delivered their fourth straight 75 basis-point interest-rate increase.
As we approach the end of 2022, investors are hoping that inflation will fall in 2023 and lead the Federal Reserve to pause and perhaps reverse some of its interest-rate hikes. The looser financial conditions would then allow for accelerating economic growth and a better year for financial markets.
As this year’s bruising stock selloff wiped about $1 trillion from the US exchange-traded fund industry, the same turmoil was powering one young breed of fund to its most-explosive growth yet.
The American attempt at an industrial policy to build electric vehicles and batteries has, once again, fallen flat.
Never mind that this is all currently theoretical, or that Dogecoin has glaring flaws that would be only further exposed if it gained traction.
It’s a little more than halfway through third-quarter earnings season in the US and projections of a looming economic apocalypse still aren’t reflected in corporate outlooks, as many stock-market bears expected.
Series I savings bonds issued over the next six months will pay a yield of 6.89%, down from a record high as inflation shows some early signs of cooling.
As veterans of this male-dominated industry, we have faced our fair share of challenges and uncertainty. However, that led us to venture out on our own and start solo planning firms.
I will share some insights for leaders in large and small firms to make change happen, manage results and continue to grow your businesses.
If you believe that 1% of AUM is transparent, you’re overlooking one obvious thing. Most of your prospects struggle to do basic math in their head. Spell it out in hard dollars!
There’s a lot of misinformation about soliciting reviews from clients.
It’s generally accepted among economists and investors that the Federal Reserve has an impossible task of getting inflation under control without broad and lasting damage to the economy.
Some student loan borrowers are starting to receive refund checks from the government, even as President Joe Biden’s forgiveness plan is tied up in court.
When you have radiotherapy for prostate cancer, you need to drink a lot of water so that your bladder is “comfortably full.
To learn how an economist really thinks, ask them which mainstream economic idea bugs them most.
There is an adage about three generations of wealth – the first generation makes it; the second generation maintains it and the third generation spends it.
Small businesses have an alternative to 401(k) plans. A cash-balance plan has much higher contribution limits and is a powerful tool for those needing to accelerate retirement savings.
An old saying reminds us, “There’s no lesson in the second kick of a mule.” Once you have learned something the hard way, nothing can be gained by repeating the experience.
Aligning your stated values and your spending (a core tenet of ESG investing) is something I encourage as part of financial wellness. But it isn’t always easy to do.
Build a scalable marketing plan that focuses on repurposing your content.
This year has been disastrous for stock and bond investors. But things are not as grim when viewed in a financial planning context that considers how the assets will be used, i.e., the liability or expense side of the household balance sheet.
The final day to get Series I savings bonds at a record 9.62% yield has come and gone.
Mark Zuckerberg built Meta Platforms Inc. into one of the biggest companies in the world, but some investors now see him as an obstacle to the stock recovering from a historic selloff.
Elon Musk has wasted no time in showing the world that Twitter Inc.’s new sheriff is in town — or rather its “chief twit” is. That was his new Twitter bio last week when he walked into the company’s San Francisco headquarters holding a sink, a gag prop for a tweet.
There’s no sugarcoating the stock market’s 20% plunge, but there is a small consolation prize: You have one of the best opportunities in years to lower your tax bill.
Electronic trading of corporate bonds has reached record levels, as credit-trading algorithms get smarter, grab market share, and make it easier for investors to buy and sell corporate bonds without affecting prices too much.
After the Federal Reserve meets Nov. 1 and 2 this week, we may know more about how this Fed will be remembered: as a Volcker Fed that decisively conquered inflation or, instead, a Burns Fed that allowed the country to slip into a stagflationary quagmire.
The cost-of-living crisis has prompted more young workers to opt out of their workplace pensions, forgoing contributions from both their employers and the government.
It seems 2023 is arriving early. The race to raise interest rates to levels that have a hope of quelling inflation is entering a less punishing phase.
If you don’t choose to be different, captivating and unique, someone else will.
Advisor Perspectives, a leading publisher and ranked as the #1 eNewsletter for financial advisors by Erdos & Morgan “FAMOUS” Study (2019-2022) has announced its Venerated Voices™ awards for commentaries published in Q3 2022.
Bob and Sally are on an alumni trip to Vietnam this week.
One of the trends in financial innovation over the past decade has been interval and tender-offer funds.
Few would disagree that the period from 1870-2010 saw immense technological advancements that improved our quality of life. But, according to Bradford DeLong, far fewer advances lie ahead, and societies should adapt by “slouching” away from a free-market system. He’s wrong on both counts.
So-called low-volatility portfolios are an apparent anomaly – they appear to offer higher returns with less risk (volatility). New research shows that they are indeed uncorrelated to sources of macroeconomic risk. But their popularity has driven up valuations, dampening the prospects for future returns.
This week’s $370 billion big tech selloff amid a broader rally in the market did nothing to change the view that the stocks are still too expensive.
When the oil market liberalized in the 1970s, a group of commodity trading buccaneers led by the infamous Marc Rich made fortunes by connecting buyers and sellers and surfing the price swings of this newly tradable commodity.
A strong dollar is likely to weigh negatively on the US economic outlook and could alter how high the Federal Reserve ultimately raises interest rates, economists surveyed by Bloomberg said.
After five months of mudslinging between Elon Musk and Twitter Inc., in court and otherwise, the mercurial billionaire finally owns the social network. The chaos of the deal was only a preview of what’s to come.
The optimism that has crept into the US bond market is about to be put to the test.
Was it good or bad this week when Alphabet Inc. told investors that advertising demand that helped swell its top line 50% in two years is starting to soften?
Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said.
Sarah Pfefferle had already saved $16,000 for her future home by the time she was 18. Then she started using buy-now, pay-later products and “ruined everything.”
If putting his country first was impolite, Prince Abdulaziz — son of King Salman, half-brother of Crown Prince Mohammed bin Salman — warned he would have no choice but to be rude. “I’m pro-Saudi,” he said.
The US was awakened by the pandemic to the gaping holes in its supply chains for crucial medical supplies and electronics.
Exxon Mobil Corp. posted the highest profit in its 152-year history as natural gas demand and prices surged, following similarly strong results from European peers Shell Plc and TotalEnergies SE.
A heap of distressed debt is expanding in the US corporate bond market and investors worry that a burst of defaults will follow.
The highest rates of inflation in 40 years and the response by central banks around the world to aggressively raise interest rates have created an unfamiliar double-edged sword for both businesses and households.
