A US recession is effectively certain in the next 12 months in new Bloomberg Economics model projections, a blow to President Joe Biden’s economic messaging ahead of the November midterms.
Citigroup calls it a “head scratcher.” Goldman Sachs terms it “striking resilience.” For Columbia Threadneedle, it’s a “reward for proactiveness.”
A strange thing keeps happening in this nightmare year on Wall Street: Seemingly surefire bets that outsize volatility will engulf equity indexes keep misfiring, even as those riding turmoil in single stocks pay off handsomely.
The sleeper hit of 2022 investing is about to lose some of its luster — but it still might be one of the best places to store your cash.
If the Federal Reserve was hoping for some sign that inflation is subsiding, it was cruelly disabused by the latest figures for consumer prices.
Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side.
Midterm elections are upon us. I’m here to warn you… don’t fall for the trap.
Bob attended the 40th reunion of business school class this past weekend.
Daniel Kahneman and Richard Thaler won Nobel prizes for their work in behavioral science, propelling that discipline to the forefront of the advisory profession. But new research shows that behavioral science produces results that are no better than a simple model, and mutual funds based on it are no better than an index fund.
Despite crippling stock and bond market performance in 2022, there are nuggets of good news for clients.
I know what you’re thinking: “Longevicide? What is that?”
This year could be the beginning of the bursting of a superbubble that inflated over the previous 13 years.
The electric vehicle revolution will be subsidized.
It’s a deal which until recently was hard to imagine. Buying Albertsons Cos. triggers major antitrust risks for any of its obvious industry suitors.
Cathie Wood’s flagship fund on Friday closed at its lowest level in five years, after suffering a 78% plunge from last year’s highs.
Commodities are entering a crucial period as earnings season gathers pace, Europe firms up its energy-crisis response, and China’s political elite gathers in Beijing for a twice-a-decade summit.
Do people really move because they think their state income taxes are too high? It’s been a longstanding debate. Finally, a recent report from the Tax Foundation provides some compelling evidence that yes, they do.
As the housing market heated up during the pandemic, many would-be homeowners found themselves unable to buy despite making multiple offers or waiving inspections.
Bank of America has positioned itself as one of the leading lenders in the green credit space, while peer Goldman Sachs is facing questions from the Securities and Exchange Commission over greenwashing claims.
For some bankers, net-zero is like a new year’s resolution—a pledge one makes and often breaks before a year has passed.
US retail sales stalled last month as shoppers grew more guarded about discretionary purchases amid the worst inflationary environment in decades and rising interest rates.
Federal Reserve policymakers are suggesting that they’re prepared to raise interest rates higher than previously planned, though not necessarily faster, with elevated inflation proving more persistent in the latest data.
Markets have been whipsawed in recent weeks, first by talk that a cooling labor market would allow the Federal Reserve to “pivot” away from its aggressive interest-rate hiking campaign, and then by comments from central bankers that any such move would be premature — as Thursday’s hot consumer price index report proved.
It’s October and we’ve avoided slipping into a third world war for almost eight months, so we have that going for us.
United Airlines Holdings Inc. is closing in on an order for more than 100 widebody jets as it studies offers for Boeing Co.’s 787 Dreamliner and Airbus SE’s A350, according to people briefed on the matter.
Being an expert comes with what I call “the curse of mastery” – when someone tells you about their problem, you immediately try to solve it – because you can.
Social Security benefits will increase 8.7% in 2023, helping retirees weather surging inflation that shows few signs of slowing down.
A shift toward private markets is cushioning many of the world’s largest investors from the wreckage wrought by runaway inflation and spiraling interest rates.
Yields on popular Series I savings bonds — intended to protect consumers against price increases — are likely heading down even as inflation continues to surge.
Banks could be about to deluge the market with more bonds after they post quarterly results, borrowing at a breakneck pace even as other blue-chip companies pull back, and bondholders could suffer in the process.
JPMorgan Chase & Co. reported its highest quarterly net interest income ever and raised its guidance for the year as the biggest US bank reaps rewards from the Federal Reserve’s interest-rate hikes.
UK Prime Minister Liz Truss fired Chancellor of the Exchequer Kwasi Kwarteng and replaced him with former Foreign Secretary Jeremy Hunt as she prepared to make a humiliating U-turn on parts of her economic plan.
With Treasury yields around 4% and corporate bonds yields even higher, fixed income is the better alternative to stocks.
Social Security is known as the third rail of politics. President Joe Biden has pounced on all who dare even think about curtailing the retirement program. In fact, this week cash-strapped retirees will get the biggest cost-of-living increase in 40 years, an 8.7% boost to protect them from inflation.
This much is clear: Tesla is going to start delivering Semi trucks on Dec. 1, a full five years after Elon Musk started taking orders for them.
Rubens Ometto gained a reputation as Brazil’s “Ethanol King” after turning his family’s sugarcane fields into one of the world’s largest biofuel companies. Now he’s making a $4.3 billion wager that could permanently reshape his empire.
Microsoft Corp. will introduce an app to help employees and managers in a hybrid workplace decide what’s the right time to go into the office.
Federal Reserve officials committed to raising interest rates to a restrictive level in the near term and holding them there to curb inflation, though several said it would be important to calibrate hikes to mitigate risks.
Grayscale Investments LLC, the largest crypto asset manager, said the US Securities and Exchange Commission acted arbitrarily earlier this year in rebuffing a bid to convert its $12 billion spot Bitcoin trust into an exchange-traded fund.
The top 50 broad strategy funds – determined by highest historical performance through 2021--outperformed the market by 21 percentage points through the first six months of 2022.
Prices paid to US producers rose in September by more than expected, suggesting inflationary pressures will take time to moderate and keeping the Federal Reserve on its aggressive interest rate-hike path.
James Bullard’s inflation epiphany came when he tried to buy a bicycle.
Wealthy young Americans have lost confidence in the stock market as a primary vehicle for creating wealth and are increasingly turning to alternative investments to fund their futures, a Bank of America survey has found.
As Mark Zuckerberg spoke to the camera in a pre-recorded presentation on Tuesday to kick off Meta Platforms Inc.’s annual virtual reality conference, he needed to address the elephant in the room: Enormous skepticism had grown around his vision for the metaverse.
With rents, food prices and child-care costs all rising, coming up with the cash to cover unexpected expenses is becoming more difficult.
The US corporate earnings season could prove to be half decent, but don’t expect the market to celebrate.
In a recession, you must know what mistakes to avoid to protect your 401k.
I was recently approached by a recruiter about a president position at another advisory firm.
I know more about certain parts of your practice: How to align your goals with your money; how to live an “amazing” life; parenting advice and other “life coaching” tips.
The following framework illustrates how the time to make a transition to independence impacts the solutions available to you.
