Stock bulls looking for the next hot Wall Street trade are increasingly turning to the busiest corner of the US market this year — initial public offerings.
A pair of senior Goldman Sachs Group Inc. executives are betting that Europe’s long-awaited revival in infrastructure spending and dealmaking will help power regional growth at the Wall Street bank.
Intel Corp. has approached Apple Inc. about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government.
Studies show that Americans work more hours overall (with a work week that often exceeds 40 hours) and take less vacation time than our counterparts in many other developed nations (for example, a statutory five weeks' paid vacation in France). Increasingly, we work right through our vacations.
AI excels at credibility and reliability but fails miserably at intimacy and authentic advocacy. When clients face family crises, market volatility, or complex succession planning decisions, they need the empathy and moral courage that only human advisors provide.
I grew up in an era, like many people, where we were told not to talk about politics or religion in the workplace. We were often told not to even do it with friends and family, just to avoid bad feelings and difficult conversations! Now, if you don’t have a point of view and share it, there is something wrong with you.
The financial advisory sector is adapting to a fundamental shift in how wealth is defined and managed. While professionals are skilled at handling traditional securities and physical property, a client’s growing digital footprint presents a new and complex variable in estate planning.
Investment giants KKR & Co. and Blackstone Inc. are leading a combined $17 billion investment in the natural gas industry, marking a massive push of private funds into a sector helping to quench artificial intelligence firms’ relentless thirst for energy.
Alibaba Group Holding Ltd.’s shares surged to their highest in nearly four years after revealing plans to ramp up AI spending past an original $50 billion-plus target, joining tech leaders pledging ever-greater sums toward a global race for technological breakthroughs.
The Federal Reserve has long been able to depend on the housing boost from interest rate cuts juicing the US economy. This time looks different.
Bets that the Federal Reserve will continue cutting interest rates have fueled a rally in one of the riskiest corners of the technology sector, raising concerns about a potential painful reversal in the stocks.
OpenAI plans to invest roughly $400 billion to develop five new US data center sites in partnership with Oracle Corp. and SoftBank Group Corp., marking the biggest push yet to fulfill an earlier pledge to spend a half-trillion dollars on artificial intelligence infrastructure in the country.
In a commoditized industry where every advisor offers similar tools and services, the real differentiator is how you make clients feel. Emotional security is such a differentiator. It makes clients feel heard, prepared and reassured. It drives client loyalty, retention and referrals.
After FedEx Corp. and Amazon.com Inc. went through a noisy divorce in 2019, it was a bit jarring to hear Brie Carere, FedEx’s chief customer officer, welcome back volume from the e-commerce giant with such open arms.
Content marketing isn’t a short-term play; it’s a system that compounds over time. By building a consistent, strategic content plan, you position your firm to attract, nurture, and convert more of your ideal clients year after year.
FAs that retain clients and gain new ones aren’t just good at asset allocation and tax planning. They are great communicators. They especially know how to listen.
As a growing portion of the advisor workforce reaches retirement age, professionals will need to establish a plan — either training up the next generation to take over their business or positioning the company to attract the right buyers.
Nvidia Corp. will invest as much as $100 billion in OpenAI to support new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power needed to make them run.
Risk parity — the investing style popularized by Ray Dalio — is quietly bouncing back.
Morgan Stanley is partnering with cryptocurrency infrastructure provider Zerohash to let E*Trade clients trade popular coins beginning in the first half of next year.
Sell-side strategists, who have rushed to upgrade their stock targets ever since the market rebounded from its early-year slide, keep underestimating the rally’s strength.
In an interesting but problematic new book, After the Spike: Population, Progress, and the Case for People, two economists, Dean Spears and Michael Geruso, warn that the switch to a population implosion, currently underway, could have catastrophic consequences for human well-being and even survival.
In this article, a behavioral approach is taken to determine if there is high confidence in a company’s cash flow estimates. Each of the behavioral indicators employs a “put your money where your mouth is” measure that provides a reward if correct and a penalty if wrong.
The U.S. population of 340 million people is only 4% of the world, yet its $62 trillion stock market is about half of the world’s total for equities. The U.S. is the tail that is wagging the world’s economic dog. Global economics are dynamic, so the current situation will change even though it may feel like the U.S. is invincible. It’s not.
Money managers and strategists are betting that the Federal Reserve’s shift back to cutting interest rates will pour fuel on the biggest emerging-market bond rally in years.
A $15 trillion rally in US stocks from April lows took a breather at the start of a week that will bring a handful of Federal Reserve speakers and a key inflation measure.
A record-busting stock market has done little for the prospects of most middle- and working-class Americans, who are falling behind as the labor market stalls and prices rise for the essentials. The way out of the hiring rut is significantly lower borrowing costs for businesses and consumers, but these have the potential to stoke painful inflation once again.
At BlackRock Inc., PGIM and other Wall Street firms, bond-fund managers are sticking to trades that will likely pay off even if the Federal Reserve’s path is again knocked off course by surprising turns in the economy.
Gold powered to a record in the week’s opening session after flows into exchange-traded funds hit a three-year high, with investors betting that the Federal Reserve’s rate-cutting cycle has further to run. Silver also rose, with year-to-date gains topping 50%.
For years, private credit firms have focused on financing private equity buyouts or closely held companies that had limited access to capital. Now, they are zeroing in on their next frontier: Large public companies that want to diversify their funding mix.
Something unusual is happening in shareholder activism. The grandmaster of the craft, Elliott Investment Management, has set out a strategy to push shares in US consumer icon PepsiCo Inc. up 50%.
A call between US President Donald Trump and Chinese President Xi Jinping is underway, in a discussion that promises to determine the fate of TikTok — and potentially ease trade tensions between the world’s two biggest economies.
Talking to the former Fox News host Tucker Carlson recently, Altman, the chief executive officer and co-founder of Open AI, was only half-joking when he said he hadn’t “had a good night’s sleep since ChatGPT launched” in November 2022.
The US Securities and Exchange Commission cleared the way for the first exchange-traded fund bundling a basket of cryptocurrencies, marking a breakthrough for the industry after a swath of approvals largely limited to Bitcoin and Ether.
Apollo Global Management Inc. is set to use a rare structure to raise $10 billion from insurers, people with knowledge of the matter said, in the latest illustration of the increasing ties between private capital and annuity providers.
Nvidia Corp. agreed to invest $5 billion in Intel Corp. and said the two will co-develop chips for PCs and data centers, a surprise move to help prop up an ailing archrival that sent Intel shares soaring.
EQT AB is considering a US initial public offering of waste management firm Reworld that could raise $1 billion or more, according to people familiar with the matter.
Wall Street took profits in high flying technology stocks on Wednesday, rotating into cheaper corners of the market after the Federal Reserve delivered a widely expected interest rate cut under what Chair Jerome Powell described as an “unusual” situation of emerging labor-market weakness while inflation remains elevated.
The world’s largest publicly listed hedge fund is breaking ranks with tradition — and stepping into the ETF arena under its own name.
Over the last decade many of those advantages have been eroded. Pounding the pavement, smiling and dialing were no longer necessary. Because those hard-earned insights were being emailed, tweeted, livestreamed, YouTubed, podcasted and more.
For as long as I can remember, institutional investors have been hailed the “smart money” and retail investors derided as rubes.
A robust continuity plan is also a growth opportunity. It provides a clear pathway for next-gen advisors and potential third-party successors, who might support your practice now with the possibility of a full acquisition later. It turns a potential disruption into a strategic advantage.
Other than showing him how this impacts you, there really isn’t a lot you can do. If this impacts you so much you are finding it hard to trust your advisor, it might be time to consider whether this is the right place for you over the longer term.
A stablecoin bidding war on one of crypto’s fastest-growing platforms is offering a preview of the industry’s next phase — and who might control it.
A blistering rally in Chinese technology shares accelerated on Wednesday as renewed bets on artificial intelligence sent a key gauge to the highest in nearly four years.
Gold dipped from Tuesday’s record as most asset classes saw muted moves ahead of the Federal Reserve interest-rate decision later today.
Bloomberg’s gauge of the dollar approached its lowest level since March 2022 ahead of the Federal Reserve decision, where policymakers are expected to resume cutting interest rates to prop up a weakening labor market.
Federal Reserve officials are expected to backstop a faltering US labor market by lowering interest rates Wednesday, marking a shift after worries about tariff-induced inflation kept them on hold all year.
Treasuries have powered into first place among major sovereign bond markets this year as the prospect of a new round of Federal Reserve interest-rate cuts overturns widely held bearish views on US debt.
