The inflation problem is largely behind us, and most signs suggest that Federal Reserve policymakers know it. So why didn’t they just go ahead and cut rates on Wednesday instead of leaving their target range at 5.25% to 5.5%? Why wait until March or (more likely) May?
One of Wall Street’s most prominent bears is now expecting gains in the US equity market to broaden into less loved corners than the big tech companies that have dominated the rally so far.
Initial and recurring applications for US unemployment benefits both rose to a two-month high, suggesting some slowdown in the labor market.
Big Tech’s struggle to meet lofty investor expectations this earnings season has taken air out of a record-breaking stock run. Pressure is now on Apple Inc., Amazon.com Inc. and Meta Platforms Inc. to come through on Thursday.
Jerome Powell delivered a clear message to traders eager for the central bank to start slashing interest rates: Not so fast.
We move on to the recent inflation that was kicked off by the pandemic. This summary allows us to appreciate better the similarities and differences between now and 50 years ago.
If artificial intelligence is going to live up to the hype, Goldman Sachs analysts said recently, the excitement stage of AI needs to shift drastically this year into a period of meaningful deployment.
Picture the scene: Weeks after the world came together at the COP28 summit with a deal for “transitioning away from fossil fuels,” Saudi Arabia, the oil industry’s flagship producer, cancels a planned increase in its crude output capabilities. On paper, it’s the stuff climate activists dream about.
Economic growth in the US is off to a better start than expected this year, thanks largely to a long-awaited pickup in consumers buying “stuff” again after they shifted spending to experiences in 2022.
The US Treasury boosted the size of its quarterly issuance of longer-term debt for a third straight time and suggested that no more increases are likely until next year.
Microsoft Corp., Alphabet Inc.’s Google and Advanced Micro Devices Inc. — three companies working harder than nearly anyone to weave artificial intelligence into their products — are finding that investor expectations for the technology are hard to meet.
Trading in bonds these days means having to put up with more frequent market gyrations — and that’s just fine with big investors like Pimco and BlackRock Inc.
I’m running a large firm, but one of my weaker members is my son.
Regulatory conflation between financial advice and investment advice detrimentally impacts how financial services are delivered to our citizens.
Healthy profit margins matter for your practice and your clients. Here are tips you can use to boost your profitability.
If you aren’t familiar with neurofinance, this article will be an eye-opener.
Given the interplay of economic data, cognitive biases, and political agendas, it’s no wonder that our views on inflation are complex and may not reflect economic reality.
When it comes to identifying poor financial well-being, outside appearances don't give you any clues.
Lenders in the world’s two most-populous nations are having very different problems with monetary and fiscal taps. In China, creditors are drowning in cheap central bank cash, but loan demand is muted. In India, banks are in the middle of their fastest expansion in a decade, but they’re parched for liquidity.
There’s a reason the social network has taken so long to go public: There’s a good chance it might all fall apart.
A comfortable retirement is supposed to be the culmination of the American dream, yet far too many actual Americans are falling short of achieving it. In the spirit of fan fiction, I'd like to set up a better ending.
Is prospecting (in the traditional sense) still a relevant and applicable concept for selling?
The latest economic data for the US are better than most dared hope a year ago. Inflation has fallen much faster than the Federal Reserve expected, and so far without the abrupt economic slowdown and higher unemployment that many economists thought likely.
Investors’ lingering fears of recession have prompted Wall Street banks to hawk a complex hedge: exotic options that pay off if stocks fall and bond yields also drop.
Here’s how you can use video to build relationships with clients and prospects.
The stock market’s rally to record highs heading into this week’s Federal Reserve meeting has some of Wall Street’s biggest optimists growing concerned that the good vibes are sending a contrarian signal.
Wall Street is widely expecting the US Treasury to announce a final increase to its sales of long-term debt this week, after a steady ramp up in supply that’s sometimes tested buyers’ appetites for funding a widening budget deficit.
Last July, I issued an open letter to the annuity industry requesting the introduction of a product to meet the needs of independent advisors who adhere to a safety-first, goals-based investing philosophy. That call has been answered.
Advisor Perspectives recently asked its community they are recommending the new spot bitcoin ETFs. Many made incorrect statements in their efforts to justify their opposition.
Much discussion of economics since the publication of Thomas Piketty’s book has indeed been influenced by his data and analytic framework.
I provide a high-level overview of the various stages of an RIA merger, sale, or acquisition transaction and detail key considerations for buyers and sellers during each stage including a discussion of the key legal documents.
What does a November 2023 hockey bet have to do with the 2008 financial crisis and the Chunnel connecting England to France? A lot, and the relation is key to understanding financial disasters — not to mention getting paid for longshot sports bets and getting from London to Paris safely.
There’s a price to pay for all the generative AI tools that professionals are using to make themselves more efficient. It’s not just a subscription fee to OpenAI, Microsoft Corp. or some other AI company — it’s their privacy too.
Value investing is the lens through which many view financial markets. Yet, a simple value factor has performed poorly for the last 16 years. Is the value effect over, or will it come back in 2024?
The number of studies showing the success of universal basic income programs continues to mount. The latest comes from the Federal Reserve Bank of Minneapolis, which recently released its initial report on a pilot project designed to test the feasibility of so-called UBI.
Investors wondering where the S&P 500 is headed, at least for the next month or so, will want to pay attention to three key days this week.
What denomination of coin will you spend two seconds to pick up?
Capital spending by US manufacturers will probably cool in 2024 after a banner year of investment in plants as still-elevated borrowing costs and demand concerns temper a lingering desire to upgrade operations.
Bond traders looking for something to jolt the $27 trillion Treasury market out of its recent rut will probably still be left waiting for answers, even after a busy week packed with a Federal Reserve meeting, the government’s quarterly debt-sale plans and a slew of economic data.
One of last year’s best wagers in emerging-market debt is getting a fresh boost from bets the Federal Reserve will finally begin cutting interest rates.
Henceforth, no company should ever say they are experiencing a slowdown. Tesla Inc. has redefined this experience as being “between two major growth waves.”
The Federal Reserve’s preferred gauge of underlying inflation rose at the slowest annual pace in nearly three years while consumers spent at a robust rate, keeping the debate alive as to whether officials will soon cut borrowing costs.
Bitcoin rose past $41,000 amid a slowdown in outflows from the $20 billion Grayscale Bitcoin Trust that strategists said may help to stanch a two-week slump in the token.
Investors will literally beg Jamie Dimon not to retire: One did so at JPMorgan Chase & Co.’s investor day last year. But the chairman and chief executive officer of America’s biggest bank can’t do his job forever.
For the first time ever, ESG funds suffered net global outflows amid a major exodus by US investors from environmental, social and governance strategies.
Economic growth is barely positive in the Eurozone, and the Chinese stock market has been in freefall. But for all its doubters, the US economy and markets continue to shock the world. For a moment at least, that’s worth celebrating.
When Brookline Bancorp Inc. needs to borrow short-term cash quickly — part of the regular course of business for the Boston-based lender — it has a range of options. One source of cheap money it’s loath to turn to, however, is the Federal Reserve for fear of setting off alarm bells.
The housing market, a key driver of the economy, has struggled of late. Sales of previously owned US homes just had their worst year since 1995, and affordability recently hit a record low by one measure.
Two big things have happened in the crypto world this month: a public validation and a semi-private snub. Both of them bode poorly for its future.
This week, Microsoft joined the $3 trillion club — which so far has only two members, the other being Apple Inc., which first hit the milestone two years ago.
