Private loans are most likely to perform best in credit as other categories of risky corporate debt face more defaults, according to the latest Bloomberg Markets Live Pulse survey.
Traders surprised by this year’s painful rise in bond yields are still looking to snap up US debt given their ongoing assumption the US economy will eventually slow in 2024.
Nvidia Corp.’s rise is captivating the stock market and driving the S&P 500 Index to new highs. But it also raises cautionary reminders of another investor darling that soared on dreams of a technological transformation, only to tumble back to earth when those hopes turned to disappointment.
To Jamie Dimon, it's no better than a “pet rock.” To the late Charlie Munger, longtime lieutenant to Warren Buffett, it's “massively stupid.” And to US Senator Elizabeth Warren, it's a great tool if you’re a terrorist, drug dealer or fraudster.
Another day, another record across the booming world of Bitcoin ETFs – fueled by fear of missing out on the latest crypto rally.
A group of systematic investors betting on large Chinese companies has emerged largely unscathed from this year’s “quant quake” that’s sparked turmoil in the stock market and a crackdown by regulators.
China’s equity investors will be watching for trading cues from policy priorities and signals about fiscal stimulus at a meeting of the country’s top officials next week.
Pacific Investment Management Co. is warning that US fiscal profligacy threatens to drag the Treasury market back to 1980s, a time when bond vigilantes demanded far higher compensation to own longer-dated bonds.
It’s right for economic data to influence the Federal Reserve’s policy approach. Yet, there is an important distinction between being informed by the numbers and being held hostage by them — particularly for an institution whose tools operate on the economy with a lag.
One of the hottest products for retail investors the last couple of years is the single-stock option-income exchange-traded fund. While the basic idea is similar to the old and respectable covered-call writing strategy, the modern versions grabbing attention and dollars are supercharged, promising income yields of 100% or more.
The frenzy around AI stocks has blindsided Wall Street forecasters, spurring a race among strategists to keep up with a stock market rally that’s already blowing past their expectations when 2024 began.
Federal Reserve Bank of New York President John Williams said he doesn’t see a need for officials to tighten policy further and reiterated that he expects the central bank to cut rates later this year.
The only thing that matters to Alphabet Inc. investors is whether it can get artificial intelligence right.
Like travel agents, real estate agents will need to offer more value and be more available to those willing to pay. They can also be my friend, so long as they don’t charge too high a commission.
With the S&P 500 near all-time highs, insider share sales have picked up at top-performing companies. This quarter alone, Jeff Bezos sold about $9 billion in Amazon.com Inc. stock and Mark Zuckerberg’s net sales of Meta Platforms Inc. amounted to around $850 million.
If you need to sell your home in the next few months, I’d get on with it. As we enter the spring selling season, it’s becoming increasingly clear that the period during which sellers had the leverage in the housing market is over.
Colm Kelleher whipped up a storm at the end of last year when the UBS Group AG chairman warned of a dangerous bubble in private credit.
A major rally in Bitcoin is refueling gains in shares of cryptocurrency-linked mining and trading companies, putting the group back on track to add to last year’s big run.
Losing a parent is devastating. Losing both in a short time creates a unique set of emotional and practical challenges.
This week’s column shares some ideas around the importance of a unique learning environment and gives you some insight for your professionals to improve their skills and reach higher levels of excellence.
If your firm wants to create marketing content for LinkedIn, but your advisors cater to different client types, how can your brand effectively speak to each type without isolating others?
In the early months of the COVID-19 pandemic, many people with the means to do so left New York City and New York state. With state finances in particular highly dependent on high earners’ income taxes, this was a worrying development.
There’s a reason they call him the Oracle of Omaha. For decades now investors have pored over Warren Buffett’s annual letter to shareholders, hoping to soak up whatever wisdom they can from the business icon.
Big Tech stocks created, and have so far dominated, the trillion-dollar club in the US. For the first time, there’s a race brewing for an outsider to join their ranks.
Every man, woman, and child on planet Earth must spend about $45 on Apple products yearly to justify its valuation.
US regulators’ plan to speed up settlement times in securities markets will come at a cost for investors around the world — more than $30 billion annually, according to a new report from Bloomberg Intelligence.
Over the past year and counting, money managers have ramped up exposure to a handful of Big Tech companies – swelling market valuations along the way.
Emergencies happen both in and out of the office. Here are some strategies to protect yourself and your clients.
What was supposed to be the darling trade of 2024 has unraveled, thanks to the Federal Reserve upending predictions over how fast it would lower interest rates.
Evaluating your tech stack and contract pricing must be on your agenda as your wealth management firm starts the new year.
To build the level of trust required for your prospect to select you as their advisor, especially when they’re meeting with other advisors, you must override your logic-based mindset.
Let’s look at each DiSC style and how you can adapt to make them more comfortable with you.
Capital One has grown into the ninth-biggest US bank by assets through the relentless promotion of its credit cards, which provide two-thirds of its revenue.
Not to say Warren Buffett’s folksy observation this weekend on the US oil business is incorrect, but it gets something awfully incorrect...
US federal debt will reach a record 116% of gross domestic product by 2034, up from 93% today. That’s according to the Congressional Budget Office.
As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on are getting a lot tougher to crack.
The world’s biggest Bitcoin ETF has reached an inauspicious milestone: an entire month of consecutive outflows.
Academic work shows that openness, rule of law, and legal protections are associated with investor inflows to global stock markets. Based on such considerations, non-U.S. stocks don't look very good.
Investors in US Treasury debt are bracing for another auction, after sales of two- and five-year notes drew only middling demand — despite yields near the highest levels of the year.
When it comes to differentiating your message, here are some tips we offer our clients.
BlackRock Inc., which capitalized on a decade-long boom in index investing, said investors should rely more heavily on actively managed strategies.
There is power and freedom in acknowledging our financial mistakes rather than shaming ourselves for them.
In the first installment of this series, I pledged to unveil a retirement strategy with such merit that it warrants widespread adoption by the investment advisor community. Let's delve into the compelling case for this approach.
Open-source software may well be the greatest “public good” the market economy has ever produced. What it shows is the power of voluntary social cooperation.
There are lies, damned lies and statistics – and then there’s IRR. The internal rate of return metric used by private-capital managers has long had critics in finance and academia because it is easily manipulated and hard to compare with the transparent returns of, say, stocks and bonds.
The Warren Buffett philosophy was never an immutable doctrine frozen in time. In his first shareholder letter after the death of his late, great partner Charlie Munger last November, the Oracle of Omaha reminded investors how important it is to change with the circumstances.
For high income earners, a 4.5% after-tax return is equivalent to an 8%+ pre-tax return. Whole-life insurance can provide the same after-tax return of an investment with a higher pre-tax return – but without the higher investment risk.
Hedge funds piled into tech stocks in the weeks before Nvidia Corp. earnings. Now, they’re cashing out and selling at the fastest pace in seven months.
For a lesson in the perils of being a skeptic on Wall Street when everyone else is a buyer, consider Rob Arnott, who made a sensible case five months ago that Nvidia Corp. had become a bubble.
Berkshire Hathaway Inc. shares rose as much as 5.5% in premarket trading on Monday, set to push the market value of Warren Buffett’s conglomerate even closer to $1 trillion.
