It lacks the effervescence of copper and the geopolitical allure of rare earths – yet aluminum is the metal of the moment. Key to modern life and everywhere in the global economy, it’s entering a make-or-break phase: Either the world is sleepwalking into a supply crisis or further into the hands of China. Or, more worryingly, both.
US President Donald Trump emerged from his meeting with Chinese leader Xi Jinping beaming, labeling the conversation “truly great.”
Treasuries fell the most in nearly five months after Federal Reserve Chair Jerome Powell cast doubt on a December interest-rate cut, even as a sagging labor market prompted policymakers to bring down borrowing costs Wednesday.
Nvidia CEO Jensen Huang’s insistence this week that he did not “believe we’re in an AI bubble” is all well and good when you’re the man selling the finest shovels for the artificial-intelligence boom. But what of the companies that are expected to turn all that AI building into gold?
It’s important to remember that QT, at least in the current context, was never really a proactive policy. Rather, it’s the undoing of a policy — quantitative easing — that the Fed used to support markets and the economy during the Covid-19 pandemic.
Lazard Asset Management is betting the newfound appetite for emerging-market assets is only just starting, launching its first-ever exchange-traded fund focused on the region as investors look for ways to ride a rebound in international markets.
At the very least, whether to cut the policy rate today is a close call for a Fed committed to a 2% goal — a fact that’s sharply at odds with investors’ near-certainty that it will happen.
Nvidia Corp. achieved a historic $5 trillion market capitalization on Wednesday as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new heights.
By far the most finicky part of OpenAI’s necessary conversion into a for-profit company was reconciling its convoluted partnership with Microsoft Corp. With the year-end deadline fast approaching, they have made a deal both sides can live with for now, though it sets out the timeline for an eventual split.
Research shows that the U.S. wealth management industry will be facing an advisor shortage in the coming years as more advisors retire. One key to retaining talent is making sure the right pay structures and work arrangements are offered to advisors.
By tackling personalization with automation technology, advisors are no longer forced to trade between offering top-quality portfolio tailoring and putting the effort into scaling their businesses.
The truth is that most clients who had a positive experience with their advisor are happy to write a review, particularly if the process doesn’t take too long and isn’t terribly difficult.
If you are not striving in the same direction and the outcome doesn’t matter as much to one as it does to another, the three of you won’t bring about the alignment you seek.
The US Federal Reserve will soon face a crucial decision: What to do with the vast portfolio of securities it has amassed in its efforts to manage the economy?
Investors plowed cash into exchange-traded funds that buy China stocks last week amid optimism that it was nearing a trade deal with the US ahead of an upcoming meeting between the two countries’ respective leaders.
The future of wealth management — especially in the HNW segments — depends on advisors' ability to provide tailored, cross-disciplinary solutions. Case design is central to delivering that value.
Equity bulls are lining up to wager the S&P 500 will surge past 7,000 now that it looks as if a seasonal bout of volatility has passed.
Investors expect the Federal Reserve to cut its policy rate on Oct. 29, and once more by the end of the year. Right now, amid enormous uncertainty about where the economy is headed, the case for cutting is weak. The Fed would be wiser to pause.
In the years after the internet stock boom-and-bust of the late 1990s and early 2000s, financial economists searched for more satisfying explanations of what had happened than “investors went crazy.”
Top executives from across Wall Street dismissed fears of a brewing credit crisis — even as some of the industry’s biggest names set aside hundreds of millions more to cover potential losses.
The US government agreed a $80 billion deal with Westinghouse Electric Co. to build large-scale nuclear reactors, the latest push to meet rising demand for electricity from artificial intelligence.
We've identified five critical pitfalls that repeatedly trip up new compliance leaders. More importantly, we've learned how the most successful CCOs navigate around them.
The private market landscape has evolved tremendously, and it is exciting that evergreen options are available to meet the growing demand in this space. However, before making an allocation using an evergreen fund, it is essential to recognize and anticipate issues that could arise.
Money can’t buy you love and right now no one knows that better than UBS Group AG. Since the Swiss bank helpfully rescued its cockroach-riddled rival Credit Suisse in a state-brokered emergency takeover, its reward has been government plans to whack it with punishing new capital rules and a lagging stock price.
There have been no innovations to TDFs in their entire 19-year history, until now. It’s time. This article introduces trailblazing innovations that improve participant results.
This reviewer found Breakneck one of the most provocative and insightful national-level policy discussions he has come across: Despite its shortcomings, the general reader wishing to understand just why China seems to be overtaking the US, and what can be done about it, cannot do better.
Today, we introduce the Price of Certainty: How much do you need to invest to achieve a particular set of cashflows over time, with varying degrees of certainty?
This article does not discuss the rationale of owning gold as a long-term asset. Instead, it questions the recent jump in gold prices and whether the current levels are fundamentally justified.
Trian and General Catalyst are looking to drive the next phase of growth at the firm with the help of AI, people familiar with the matter said, asking not to be identified discussing confidential information.
The latest inflation data was softer than anticipated and has locked in expectations for a couple of Federal Reserve interest rate cuts to close out 2025. But inflation is far from dead, and the labor market is far from collapsing — policymakers would be wise to proceed cautiously.
The question of the moment in markets is whether we are in an AI bubble, as stocks seem awfully expensive amid hopes that artificial intelligence will transform the economy. But there is another curiosity that is far more concerning: low credit spreads. That suggests a low-risk environment — which describes precisely nothing about this market.
A meeting Thursday between Presidents Donald Trump and Xi Jinping is set to be one of the key diplomatic events of the year, with the US-China economic relationship at stake following multiple rounds of escalating tensions and temporary truces.
US stocks gained early Monday as the US and China homed in on a trade deal during a crucial week on Wall Street marked by Big Tech earnings and a Federal Reserve interest-rate decision.
A rivalry at the heart of Russia's oil trade is threatening the crucial operations the Kremlin relies on to fund its war in Ukraine, just as the US cranks up the pressure on Moscow.
Jane Fraser’s elevation to chair as well as chief executive officer of Citigroup Inc. is a reward for progress and a bulwark against potential pretenders to her throne. Her restructuring of the lumbering and longtime dysfunctional beast that is the US’s third-largest bank by assets is taking time and is far from done.
Monthly checks for nearly 71 million Americans receiving Social Security benefits will increase by 2.8% next year, a slightly larger adjustment than seen in 2025.
JPMorgan Chase & Co. has hired veteran technology dealmaker Kevin Brunner from Bank of America Corp. as a global chair of investment banking and mergers and acquisitions.
Investors will be looking beyond the bottom line in chipmaker Intel Corp.’s third-quarter earnings after a wave of investments from the White House, Nvidia Corp. and Softbank Group Corp. sent the stock soaring 86% in less than three months.
For half a century, Vanguard has been the high priest of passive investing. Its low-cost index funds have reshaped finance, humbled stockpickers, and made the Pennsylvania-based firm an $11.6 trillion behemoth.
It’s no exaggeration to say Amazon.com Inc. invented the cloud business. Amazon Web Services took the corporate data center apart and split it into pieces, building pay-as-you go services delivered with remarkable speed and consistency.
The core consumer price index, excluding the often volatile food and energy categories, increased 0.2% from August, according to Bureau of Labor Statistics data out Friday. That was restrained by the smallest increase in a key measure of housing costs since early 2021.
Gold resembles stocks more than bonds in terms of risk, although stocks have been better performers. Since 1968, gold has been about 20% more volatile than the S&P 500 while trailing it by 2.3 percentage points a year.
China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering overseas borrowers the chance to benefit from economically-depressed interest rates at home by ditching the dollar.
The world’s largest alternative asset manager sent the strongest signal yet that dealmaking is coming back. Blackstone Inc.’s distributable earnings surged 48% in the third quarter, fueled by a burst of investment exits from its private equity arm, the firm said Thursday.
One Nuclear Energy LLC has agreed to go public through a merger with a blank-check company in a deal that valued the developer of nuclear and natural gas power plants at about $1 billion on an equity basis.
Gold and silver saw their steepest selloff in years as investors locked in profits on concern that the recent historic rally in the precious metals left them overvalued.
In many respects, one could argue that ChatGPT’s primary function is to help gather user data to train its AI, bringing on a wealth of extra information on browsing habits that it doesn’t have access to now. That makes the product release worth it, even if market share stays minuscule.
In today's article, I will outline some steps I often recommend when teams are trying to come together and bridge differences in their approaches to working with clients.
Bond traders are preparing for Treasury yields to drop further even as the 30-year reached its lowest level in six months on Tuesday.The cost of protection against a bigger decline in yields across the curve is rapidly rising, according to pricing of options wagers.
Tesla’s problem is that right now it’s a company that manufactures cars, trucks, solar panels and energy storage systems. Its AI vision is years, if not decades, away from generating sales, much less profits.
