OpenAI may not be publicly traded, but the world’s most valuable startup is increasingly making waves in the stock market.
Advanced Micro Devices Inc. shares surged after the chipmaker signed a deal with OpenAI for AI infrastructure that could generate tens of billions of dollars in new revenue.
Private credit managers have proven their prowess in fundraising, but are falling short on dealmaking. With mountains of cash waiting to be deployed, they are latching onto the artificial intelligence data center boom, hoping to stay relevant as banks reclaim their dominant position in corporate lending.
Should the US Federal Reserve keep cutting interest rates? Markets certainly think it will: Futures prices suggest the federal funds rate will fall to about 3% by the end of 2026, from just above 4% now.
Most people buy into the adage that two heads are better than one — except when it comes to the very top of corporations.
There’s good news and bad news on the housing front: The buyers’ strike of the past three years is finally working, but the path to better affordability looks painful for many of those trying to sell a home, the construction industry and, ultimately, the US economy.
Over the past six years, Occidental Petroleum Corp. has morphed from being a large oil company with a reputation for discipline to an even larger oil company well on its way to becoming a business school case study in the perils of hubris.
With bond strategies offering a compelling use case for the moment, advisors may want to consider approaches to build out their portfolios.
Amazon.com Inc. Chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost investment but will also make society better off.
Pharmaceutical stocks are poised to cap off their best week in 16 years as a drug-pricing and tariff deal with the US government helped ease an overhang that’s been weighing on the sector for most of the year.
DoubleLine Capital says the popular strategy of betting on a steeper Treasury yield curve has plenty of room to run with the political gridlock in Washington only lending support to the trend.
The louder the alarm bells are blaring about the stock-market rally getting excessive, the more investors appear to be tuning them out.
For more than two decades, US money managers have looked on enviously as Vanguard Group reaped the benefits of a unique structure that grafted the advantages of an ETF onto its biggest mutual funds.
Emerging-market equities extended their winning streak for a fourth day, climbing to the highest level since 2021 as artificial intelligence optimism — fueled by a landmark OpenAI share sale — lifted global sentiment.
OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup.
Signs of caution are emerging around high-flying tech shares. But that’s just making it cheaper to use options to bet on further gains in the stocks, Bank of America’s derivatives strategists say.
Warren Buffett’s Berkshire Hathaway Inc. reached a deal to buy Occidental Petroleum Corp.’s petrochemical business for about $9.7 billion in cash.
A report that Boeing Co. is planning to build a clean-sheet design single-aisle aircraft to replace the 737, an aircraft platform first created in the 1960s, isn’t a surprise, but it does mark a milestone for the company’s recovery.
Advisors who want to grow a family office business need to make sure they have the expertise and resources to service the far-ranging needs of wealthy families. Some wealthy families are looking for a “one-stop solution.
The key is to stop trying to be everywhere and start showing up where your ideal clients already are.
Tesla Inc. shares climbed 33% in September as investors rallied around Chief Executive Officer Elon Musk’s renewed focus on the company. That’s drawing attention to whether the key third-quarter sales figures coming later this week will be strong enough to sustain the momentum.
Partnering with a CDFA can be a practical way to strengthen financial outcomes for clients and reduce the risk of costly oversights to both you and your client.
When Amazon.com Inc. recruited longtime Microsoft Corp. product chief Panos Panay in 2023 to run its devices division, his new colleagues thought the e-commerce giant was preparing to take its consumer gadget line upscale.
Here are some key areas of focus as you think about solidifying your current team or preparing to transition and join a new team.
JPMorgan Chase & Co.’s $20 billion debt commitment for the record-breaking buyout of Electronic Arts Inc. is classic leveraged financing, which might seem surprising in a world overrun with private credit.
Changing CEOs won’t change the fact that the decision to pursue a merger lies with BNSF and Berkshire. Buffett and his management team are unlikely to be impressed by threats of proxy fights nor shareholder-activist bullies.
Always intense, the perennial debate over whether equities are too richly valued has become even more fervent of late.
Though solar is now a boogeyman in the culture wars, the truth is that it is both among the cheapest forms of energy (even without subsidies) and one of the fastest segments of the energy industry to bring additional capacity onto the grid. We believe solar and wind will continue to be an important component of the American energy supply.
Scripts are a great start but the end goal is to rip them up and own your voice — because that’s the only part of the client experience no firm can dictate, and the only part that truly builds trust.
To see real results, your content must be relevant to the people you want to reach, consistent enough to build familiarity, and valuable enough to earn trust. Done right, it becomes the foundation of your marketing strategy and a long-term driver of growth.
European stocks were set to wrap up September with the best performance since 2019, as optimism around resilient US economic growth and lower interest rates lifted risk appetite.
Sometime in the coming months, the impact of US tariffs will begin to be felt in India — and it will not be pretty.
JPMorgan Chase & Co. is the latest issuer attempting to fit private credit assets into a retail-friendly exchange-traded fund vehicle.
As expected, the Federal Reserve cut its policy rate on Sept. 17 by a quarter of a percentage point. Officials had signaled the move in advance and Chair Jerome Powell explained the reasoning well enough.
For an industry that’s only just getting started, there’s a lot of hype around humanoid robots.
When the next crash comes, inevitably there will be an uproar. Baby boomers must not wait for that uproar. They need to get out of their TDFs now and move to the safety of T-bills and TIPS, following the guidance of academic theory. That’s just the smart thing to do.
Financial planners perform a valuable service by discussing with married clients what will happen if the income of one of them disappears upon death. But the focus should be on the adequacy of the remaining income to the spending needs of the survivor — not the change in tax rate from married to single.
Some Wall Street pundits believe that the recent Fed rate cut makes its policy too accommodative, and they also argue that the Fed is creating a “Goldilocks” scenario for the stock market. To better gauge where policy lies on the accommodative to restrictive spectrum, it's critical to compare the policy to current economic growth and inflation rates.
It’s not all bad news for the the UK stock market. AstraZeneca Plc has found a clever way of becoming a US-listed company without going all-American.
Many advisors avoid allocating to inflation-protecting equities, fearing the age-old rule that protection comes at a price. However, my recent research with my colleagues Giovanni Bruno and Ben Luyten at Scientific Beta suggests this industry-wide fear is unfounded: Inflation-hedging stocks perform just as well as their inflation-sensitive peers.
I take Jerome Powell at his word when he says that he and his colleagues at the Federal Reserve are determined to get inflation back to its 2% target.
Too little attention was paid at the start of the decade to the likely hangover from a heady cocktail of cutting interest rates close to zero and increased bond buying via quantitative easing — at the same time as governments delivered a bucketload of fiscal stimulus.
Wall Street’s most powerful collection of stocks, the Magnificent Seven, is looking a tad dated. Make way for the Great Eight. Or maybe the Golden Dozen. Or the TenAI of GenAI.
US stocks rose on Monday, as investors shrugged off the risks of a US government shutdown and turned their attention to economic data that may offer more insight about the pace of future interest-rate cuts.
Tech builders love a good feedback loop, and Nvidia Corp. and OpenAI have created a $100 billion one this week.
Online services have long had to contend with bot traffic, and your banking app is no exception. While most of us log on to our apps an average of two times every three days (at least according to Bank of America Corp. data), electronic intermediaries that pull data on behalf of third-party services are a lot more aggressive.
As Donald Trump unleashed his trade war, mused about annexing Canada and generally roiled global sentiment toward the US last spring, worries mounted that foreign buyers would boycott American financial products.
President Donald Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US.
Many people are puzzled about the disconnect between how well the US economy is doing and how badly Americans feel about it.
The US economy grew in the second quarter at the fastest pace in nearly two years as the government revised up its previous estimate of consumer spending.