Transforming a practice built on guardrails and restrictions into a strategic enabler might seem contradictory. But the conditions for this shift have been building, and they're finally converging.
Stocks attempted a rebound Wednesday morning as traders seized on a report that Iranian officials had indirectly reached out to the US about potentially ending the conflict in the Middle East. New data pointing to steadiness in the US labor market also helped fuel gains.
The last time an armed conflict upended the global energy economy, crude spiked past $100 and shares in oil and gas producers rallied for months. A similar trajectory might be unfolding as war rages in the Middle East.
Decades of “regulatory creep” and onerous disclosure requirements have discouraged companies from going public, say leaders of the Securities and Exchange Commission. To revitalize American markets, they plan to pare back those demands, especially for smaller firms. “We need a reset,” Chairman Paul Atkins recently declared.
Most investors, from grandma to the mightiest sovereign wealth funds, own bonds to help steady their portfolio and provide a ready reserve for spending. So, it’s notable when prominent voices start questioning their safety.
The public loves to hate short sellers, the investors who profit from declining securities’ values. Their bad reputation is mostly undeserved. In reality, many provide a valuable service, taking the other side of frauds and bubbles, and generally helping drive prices toward a semblance of fair value.
President Donald Trump said the US will provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, aiming to head off a potential energy crisis caused by the war with Iran.
While idiosyncratic and recessionary default risks remain present within this asset class, senior-secured private debt continues to offer the potential for more favorable risk-adjusted returns, particularly when compared to public equities and fixed income.
A tax system should raise revenue efficiently, transparently, and fairly. When it requires billions of hours simply to comply, it may be time to ask whether we have built something too complicated for its own good.
This might be the artificial intelligence era, but AI’s greatest contribution to financial services isn’t replacing advisors — it’s making them more human. Advisors have an unprecedented opportunity to focus on what their clients truly value: empathy, understanding, and genuine presence.
Oil surged for a second day as the US and Israel stepped up their war against Iran, with the sprawling conflict’s impact on energy assets in the Persian Gulf continuing to grow.
Gold sank after a four-day rally, as traders weighed the escalating war in the Middle East against the prospect of a stronger dollar and elevated inflation.
US Treasuries slumped for a second day as surging oil prices prompted traders to slash bets on more than one Federal Reserve interest-rate cut this year.
Greg Abel has passed his first test since taking over from Warren Buffett as Berkshire Hathaway Inc.’s new chief executive officer. In his introductory shareholder letter, he emphasizes that Berkshire’s culture runs far deeper than a single man. Yet, almost in the same breath, he tells us not to worry — after all, Buffett is still lurking around the office.
Private credit firms are facing a major test, with mom-and-pop investors pulling their cash in fear of corporate defaults spiking and artificial intelligence destroying many of the software businesses that these funds have lent to.
The bulk of “Everybody Loses” sends the reader on a lurid journey through the sportsbook ecosystem. Funt is a talented investigative reporter with a velvet prose hand, but “Everybody Loses” features some key omissions. These oversights, however, are minor, and perhaps even necessary in such a tightly focused, powerful work.
For each market downturn, we explored how investor sentiment reacted around the event. To gauge investor sentiment, we considered a variety of measures. With each of these measures, we explored how long it took for investors to come back to a previous high.
I know what it sounds like when the bond market breaks. I was there for the 4 a.m. call in the summer of 2007. I also know what it looks like when the bond market offers something genuinely good. It rarely happens. And when it does, you need to grab it with both hands and not let go until it’s gone. Yield levels of this magnitude don’t come along often.
The recent rotation from growth to value is well documented. While the return divergences between technology stocks and materials or industrials stocks are significant, they do not tell the whole story. There are also extreme return differentials between broad industries and their sub-industries. In this article, we address the divergence of the broad technology sector and the software-as-a-service (SaaS) sub-industry.
Qatar shut down liquefied natural gas production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging more than 50% and rattling global energy markets.
When JPMorgan Chase & Co. took the lead last year in financing the $55 billion takeover of Electronic Arts Inc., a record-setting leveraged buyout, Wall Street saw it as a sign that a lucrative period of bankrolling super-sized private equity deals might come roaring back.
Amazon.com Inc. may be a leader in the artificial intelligence race, but investors are increasingly unwilling to pay up for the cost of maintaining that position.
Emerging-market currencies and stocks slumped as US and Israeli strikes on Iran are triggering a jump in energy prices and bring a rally in riskier assets to a screeching halt.
BlackRock Inc.’s Global Infrastructure Partners LP and EQT AB agreed to buy AES Corp. for about $10.7 billion in cash as the market heats up for power plant developers that can provide electricity for energy-hungry AI data centers.
The rise of prediction markets offers statisticians and social scientists the kind of help that astronomers get from a new space telescope or particle physicists from a bigger supercollider. We finally get to test theories and resolve questions that people, held back by poor data, have been wrangling over for decades.
US stocks opened lower as risk-off sentiment swept through markets and fintech Block Inc.’s massive layoffs fanned angst that artificial-intelligence is poised to upend broad sections of the economy.
The Trump administration on Wednesday closed a $26.5 billion loan package for Southern Co. power projects in Georgia and Alabama amid rising concern about electricity price affordability and electricity-thirsty data centers.
OpenAI has raised $110 billion in a deal that values the startup at $730 billion, representing the ChatGPT maker’s largest funding round to date and bolstering its costly push to secure more computing power and talent for AI development.
It took a price of $111 billion, backed by $46 billion from tech billionaire Larry Ellison, plus the promise to pay $7 billion in compensation if the deal failed.
Nvidia Corp. has one of the strongest growth stories in the market after posting blowout earnings on Wednesday. So why is it trading at a level that looks like a value stock?
US bonds are wrapping up their best monthly performance in a year against a backdrop of rising global risks, with resurgent demand serving as proof that investors still see Treasuries as the premier haven in turbulent times.
BlackRock Inc.’s Global Infrastructure Partners LP and EQT AB are in advanced talks to acquire power company AES Corp., according to people familiar with the matter.
Nvidia Corp.’s latest sales forecast drew a lukewarm response from investors, signaling that concerns over a potential bubble continue to weigh on the dominant maker of artificial intelligence processors.
The frontier AI companies are building exactly the kind of cost structure Christensen warned about at a scale he could never have imagined. No companies in the history of capitalism have ever paid their employees like this.
Global asset managers who collectively oversee more than $20 trillion of assets have grown more bullish across emerging-market equities, currencies, domestic bonds and credit, potentially offering fresh momentum to the sector’s record-busting rally.
The S&P 500 has been stuck in a range for the better part of four months, and investors are paying up to protect against the possibility that the next big move is down. To a growing number of strategists, that pessimism is cause to expect the opposite.
A bidding war for Janus Henderson Group Plc broke out Thursday as Victory Capital Holdings Inc. offered to buy the money manager for $57.04 a share, in a move that topped a previous offer from Nelson Peltz’s Trian Fund Management.
Thanks to Nvidia Corp.’s practice of reporting earnings outside of the typical cycle for technology companies, the question of whether the almost $5 trillion company will record strong demand in 2026 had already been safely answered well before its latest announcement on Wednesday.
As investors digest the potential impact of artificial intelligence and debate whether this new technology will help or destroy existing businesses, a sharp divergence is occurring in global equities.
While most ultra-wealthy people may think they’re like everyone else, they’re not. They have unique financial needs and challenges. At some point — often after making avoidable financial errors — they recognize that they need assistance managing the complexities of their everyday lives.
Our team at The Collaborative lost one of our long-time coaches this week to cancer. Cathy Manning was not only an amazing coach, she was a dear friend of mine from the time we worked at John Hancock together in Investment Marketing decades ago. This column is dedicated to some of the Cathy-isms I learned over the years watching her adeptly coach our clients.
When advisors shift from being prepared with answers to being present with questions, the conversation becomes more alive. Clients feel that there is room for them, not just space for information. That sense of room keeps clients engaged.
US mortgage rates slipped last week to the lowest level since 2022, generating more refinancing activity.
JPMorgan Chase & Co. and Bank of America strategists are urging clients to buy Venezuelan global bonds with large piles of unpaid interest, betting they could outperform ahead of a potential debt restructuring.
The threat to software-backed businesses from artificial intelligence should prompt investors to shift focus from technology to companies that toil in the physical world, like miners, power producers and industrial firms, according to Ulrike Hoffmann-Burchardi, global head of equities and chief investment officer for the Americas at UBS Wealth Management.
Nvidia Corp.’s earnings report on Wednesday afternoon comes at a critical time for the US stock market with investors increasingly nervous about the outlook for artificial intelligence.
Stripped to its essentials, finance is a race against time. What lies ahead of us is unknown, and the vast industry of banking and finance has developed to manage the risks that come with making commitments now that depend on an uncertain future.
Advising clients through divorce requires both a deep dive into assets as well as a command of the softer skills — supporting them through the emotional ups and downs ahead and their financial plan post breakup.
Advisors who focus exclusively on public markets risk missing meaningful exposure to the infrastructure build-out powering AI and the broader digital economy. Now is the time for advisors to understand this landscape and help clients participate in a long-duration trend that is fundamentally reshaping how the world works.
Corporate bonds are exposed to abrupt downside as liquidity providers are increasingly replaced by liquidity takers.
