Twitter shares surged as much as 26% after Musk’s purchase was revealed Monday in a regulatory filing, the stock’s biggest intraday increase in more than four years. The stake is worth about $2.89 billion, based on Friday’s market close.
Do the investment products that advertise themselves as ESG-compliant actually deliver?
According to LIMRA, RILA sales for the first half of 2021 were 105% higher than the same period in 2020. What’s behind the popularity of this relatively new product?
The argument goes like this: A company’s value (and stock price) is driven by its ability to earn a profit and grow its business. Its dividend policy is irrelevant at best. In some cases, paying dividends could hurt the stock. Is it true? Let’s explore this idea further.
Reflecting on the history of our family office, our investing philosophy mirrors how previous generations built their wealth through farming. They patiently waited to harvest the crops they planted; we buy securities and patiently wait for them to appreciate.
The poor performance of factor-driven value strategies over the past decade has raised the question of whether intangible assets, such as patents and proprietary software, are properly treated. New research confirms that intangibles indeed distort valuation metrices, but there is no consensus on how to address the problem.
We are a service industry. Before we try to sell clients anything, we need to stop and consider what they want.
Managing your calendar can feel like a full-time job. Using an automated scheduling tool, such as Acuity Scheduling, Calendly, or OnceHub, is a must.
With QE finished and QT on the horizon, I answer a few questions to help you better appreciate what QT is, how it will operate, and discuss how draining liquidity will affect markets.
With the first quarter coming to a close, banks (mostly based in China) have helped coal companies raise $9.9 billion via loans and bond sales, according to data compiled by Bloomberg. For comparison, the number was closer to $4.4 billion during the first three months of 2021.
Add this to the pandemic lesson book: People may be willing to give up their homes in high-cost, densely packed coastal cities, but they still want their coastal lifestyles — just with a little more space, cheaper real estate and warmer weather.
Much of the commentary about the Ukraine war’s implications for the investment-management industry has tended to be both immediate and narrow, particularly in discussions about the spillovers for different segments. By zooming out, however, some longer-term ramifications become more apparent for both public and private markets.
Loan growth at the largest U.S. banks is finally staging a comeback after being absent for much of the pandemic, but investors are eager for signs the rebound is strong enough to withstand rising interest rates and economic uncertainty following Russia’s invasion of Ukraine.
Volatility from Russia’s invasion of Ukraine, faster inflation and rising interest rates triggered the slowest quarter of U.S. initial public offerings in more than five years. At one point, the market ground to a complete halt, with longest period without an initial public offering since the Great Recession.
Purchases of goods and services, adjusted for changes in prices, fell 0.4% from the prior month, following a 2.1% jump in January, according to Commerce Department figures Thursday. The decline was due entirely to a decrease in spending on merchandise.
The pandemic has prompted a rethinking of many practices and routines of professional life, such as working from home, meetings and interviewing online. Now another such pastime is ripe for a reassessment: the face-to-face conference.
Investors in corporate bonds are bracing for more trouble after getting hammered by rampant inflation and rising yields in the first quarter.
The House overwhelmingly passed legislation that would expand the tax benefits for retirement accounts to bolster the savings of Americans, many of whom have nothing banked for after they stop working.
Things are never as good or as bad as they seem. That adage has generally served investors well. Ignoring the extremes of optimism and pessimism can spare equity buyers some painful mistakes — such as piling into tech stocks at the height of the dotcom boom — and may signal lucrative opportunities for the brave, such as during the depths of the 2008 global financial crisis.
It may be inconceivable to the moneyed class, but there are in fact very good reasons not to raise interest rates quickly or dramatically. Yes, inflation is worryingly high, Ukraine is burning and Covid-19 still threatens to upend supply chains. However, the reality many Americans face — if not low-income and middle-class workers across the globe — is quite different from what the stock market and go-to suite of economic indicators tell us.
It’s a question that faces every public company: Should corporate employees care about day-to-day stock fluctuations? Last week, Shopify Inc. CEO Tobi Lutke shared his perspective by tweeting that the “relationship between stock price and a public company is the same as the relationship between a pro sports team and betting markets. Sort of related, but irrelevant to the players on the field.”
Get out of stocks, according to Gary Shilling, who has gone to 30% cash in the portfolios he manages. The economy will be in recession by the end of the year, and stocks will fall in response.
I’m one of the 45 million foreign-born individuals who now call the U.S. home. I knew enough about budgeting, but struggled with financial decisions from day one, as this was a completely new system to me.
The insurance industry has struggled to build engagement with its customers. That is also true among financial advisors, who can apply the same tactics to grow their business.
No one is born a writer. It’s a skill to be learned and nourished. Unlike most skills that erode as we age, you can always improve your writing skills.
I’ll share some of the insights into how advisors can get the most value when they pay for training solutions..
ICYMI: In this roundup, we’re highlighting the five most popular pieces of content from the previous week.
This article provides an overview of the benefits of using a Nevada Incomplete Non-Grantor Trust (NING) as part of a business sale to reduce or eliminate state income taxes and capital gains taxes.
After spending many years in the planning profession, I’ve found that advisors place superfluous importance on speaking intelligently and comprehensively.
Without detracting from the strong ethos you have spent years, or even decades, building, here are three ways you can build and maintain a strong culture in a remote or hybrid work environment.
Regardless of the facts, our perception is our reality. This is especially true when it comes to investing, where we often make decisions based on the perceived risk we believe exists, whether or not that degree of risk really exists.
U.S. executives with a business degree are more likely to oversee declining pay at the businesses they run, yet tend not to deliver an increase in profits or sales, according to a new paper circulated by the National Bureau of Economic Research.
Buyout activity is picking up pace in Europe, but a number of banks are taking a cautious approach to new risk, looking for higher pricing, more flex protection and in some instances fuller fees on junk-rated debt underwrites against a backdrop of heightened volatility, inflation and rising rates.
By the time premarket trading started Monday, Tesla shares were down less than 1%. None of the above developments were unmitigated disasters: Musk has feuded with U.S. safety officials before; Tesla plans to reopen its Shanghai factory after a few days; Karpathy tweeted he’s looking forward to a return; Musk said he has almost no symptoms.
Early in the pandemic, toilet paper shortages pushed weary Americans to the fringes. Out of necessity, millions tried rolls made from recycled paper or bamboo. And what they found surprised them. These alternatives were actually soft, far from the sandpaper-ish versions they grudgingly used at their office or in a public restroom. That revelation is shaking up what had been a stable — even boring — category that racked up about $10 billion at U.S. retailers last year.
Signs are emerging that the resilience of American consumers is rapidly waning, potentially undermining one of the few remaining pillars supporting the bull market in equities.
Federal Reserve officials, rattled by persistent inflation and criticism that they’re behind the curve, have pivoted toward an even more aggressive plan of interest-rate hikes than they signaled earlier this month to ensure price increases cool.
Macroeconomists have debated whether financial crises are predictable. New research shows that indeed they are – and are caused by the rapid expansions of credit accompanied by asset-price booms.
The world has spent a decade gorging on fuel from America’s shale basins, and oil prices are topping $100 a barrel. So it might seem an odd time to be contemplating the energy transition. But that's precisely the task facing the small towns across places like Texas, Wyoming and New Mexico: deciding when to move on from their bedrock industry, even when it’s in an upswing.
Some of the big-name startups expected to go public early this year have slowed their rush to market as stocks continue to whipsaw. Companies including Reddit Inc. and Cohesity Inc. each discussed listing shares as soon as the first quarter of 2022, people familiar with the matter have said. Though both have filed paperwork for an initial public offering, neither has taken the next steps toward making their market debuts.
The Bloomberg Global Aggregate Index, a benchmark for the bond market worldwide, has tumbled 11% from its peak in January 2021, equating to a drop of $2.6 trillion in the index’s market value.
Since market efficiency is the primary driver of the rise of passive investing and the demise of active management, the structure of wealth management investment offerings is at stake.
If you’re looking for a case-study in economic groupthink, try Googling the phrase “Fed behind the curve.” Informed opinion, it seems, has congealed behind a conventional wisdom that the U.S. Federal Reserve has been too slow to restrain accelerating inflation.
America is facing a retirement crisis. Most experts agree that a significant portion of the population will lack the resources to live comfortably after they stop working. This, in turn, will place an increasing burden on the country’s social safety net.
Bitcoin broke out of a narrow trading range and wiped away this year’s losses amid a broad rally for cryptocurrencies, sparking speculation that the biggest digital asset could advance past the $50,000 mark soon.
Economic theory says that “green” stocks – those of companies with a low carbon footprint – should underperform “brown” ones. But in recent years that has not been the case, and new research explains how cash flows to sustainable strategies have driven short-term outperformance.
Geopolitical upheaval and rapid inflation have driven volatility and, with that, questions from clients about whether to reposition portfolios defensively. In my wide-ranging conversation with Harold Evensky, he explained how he responds to fears that this time is different.
The passing of my beloved pet and “office dog” offers an important insight into how advisors can serve clients when they truly need help.
When prospects don’t return your calls, you feel betrayed ….because you gave them everything they needed to convince them to choose you. Is there a way to prevent being “ghosted” like this?
I’ll take an order of flat fees (otherwise known as retainers) with a side of financial planning. Customers are lining up out the door for this.
