At first glance, the retreat of foreign asset managers is ominous. Signs of a domestic retail frenzy are everywhere. Cash deposits in local brokerage accounts have reached 137 trillion won ($91 billion), a two-third jump from six months ago.
At Google’s developer conference, which is being held near its Mountain View, California, headquarters this week, Chief Executive Officer Sundar Pichai started his keynote by emphasizing the remarkable reach of Google’s services. Thirteen have more than a billion users, he said, and five of them have more than 3 billion.
There’s a whiff of panic among investors these days. US Treasury yields have climbed to levels unseen in more than a year at the same time as a furious rally has left stocks near all-time highs. Surely, both moves can’t coexist for long, goes the narrative.
Wall Street is racing to turn computing power into a tradable commodity with the first ETFs being filed even before the futures contracts they would track have started to trade.
Nvidia Corp., facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant data center operators that have fueled its runaway growth.
Najimah Roberson, a lifelong renter, spent the past two years searching around Harrisburg, Pennsylvania, for a home she could afford — getting outbid nearly 30 times along the way.
Reassessing legacy systems through a modern lens can help firms identify where closed, context-aware platforms may offer a stronger foundation for communication governance, operational efficiency and regulatory confidence. Open AI models helped kickstart automation in compliance. Closed platforms will likely make it sustainable.
The next generation may inherit substantial assets. Whether they inherit the health to enjoy them — or the burden of managing preventable family health crises — may matter just as much. Advisors who broaden the definition of legacy planning may be better positioned to protect both.
AI is unlikely to replace wealth managers — at least not in the foreseeable future. But it now has the power to expose the gaps between genuine, client-first investment advice and other approaches in a way the industry has not yet seen.
Space has evolved from a niche corner of the stock market into an area that offers the potential for diversity and growth. The euphoria around SpaceX’s market entry is driving fresh investor flows into the sector. Since the news of the offering first became public in early December, smaller space and related stocks have soared.
Turns out, loading up on technology giants isn’t the only route to better returns. Value companies, too, stand a decent chance of trouncing the market — as long as several conditions are met.
For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry.
Veteran strategist Jeff Currie said the world is in the early stages of a commodity supercycle that may last another decade or more as the artificial intelligence buildout collides with chronic underinvestment in energy and materials capacity.
The Texas Permanent School Fund bought more than 29 million shares totaling about $740 million worth of the State Street IG Public & Private Credit ETF, trading under the ticker PRIV, in the first quarter, according to a filing Friday.
Investors need to understand what they own, how it may perform in different environments, and why it is structured the way it is. When advisors build this education into their work, it gives clients the discipline and expectations they need to stay the course when volatility rears its head.
Student loan debt is a legitimate concern, and the return on a college degree varies enormously by field, institution, and student. The key is to look realistically and specifically at each student’s needs and interests, each family’s finances, and all the sources of funding and support that might be available.
The percentage-of-assets fee is so embedded in advisory economics that most firms treat it as a fixed constant rather than a business decision. It shapes how you staff, how you plan, and how you define the relationship with clients. But the AUM model is neither as old nor as inevitable as it feels.
Bringing family into an advisory firm is not a shortcut. It can add complexity and raise expectations. But when the mission is clear, standards are applied consistently, and systems are strong, involving family can create meaningful long-term stability. That stability, however, depends on fairness.
The 30-year rate increased six basis points to 5.18% on Tuesday, a level last seen on the brink of the global financial crisis in 2007, rising alongside US government yields across maturities.
Investors are pouring money into commodities funds as the US-Iran war stokes inflation, according to Invesco Ltd.
The nothing-burger that came out of the Xi-Trump summit drove home a new reality for global investors. The NACHO trade, which stands for “not a chance Hormuz opens,” is on. Prospects of prolonged inflation have risen, sending global bond yields higher and the US dollar stronger.
Federal Reserve chair Jerome Powell steps down this month after proving himself an exemplary public servant. Compelled to deal with a president intent on telling the central bank what to do, his response was exactly right. Reluctant to confront the White House until he had no choice, he then did so firmly, without needless drama or any trace of ego.
We’ve all been in meetings that “could have been an email,” so why not have a jury trial that could have been an AI prompt?
The sooner the mass of retail private credit managers realize they are zombies and give up the ghost, the sooner we can burn the whole thing to the ground and conjure a better model from the ashes. But there is no time like a crisis to have conversations about how to make the structure work better for everyone in the future!
Semiconductor stocks, along with some computer hardware companies, are the market’s latest AI darlings. Momentum and gamma are driving the outperformance, and, in their wake, a supportive narrative is trying to justify it.
You are undoubtedly seeing in the news that high earners are leaving New York, Los Angeles, and other metro areas. This does not begin to address the magnitude of the problem. There are dozens of cities that are trending towards fiscal collapse. Indeed, taxpayers are leaving.
What do “the utilities of retirement” refer to? Buy gas and electric stocks and live off the dividends? No. Not in this article. We’re talking about utility as an economic term of art, meaning reward, pleasure, and satisfaction.
I was in West Texas recently to witness firsthand the emerging practical applications of artificial intelligence. What I saw bolstered my conviction about the technology’s progress and the need to mold it rather than resist the change.
Investors were forced to pay attention Friday, when the most interest-rate sensitive corners of the market saw big plunges in an ugly market selloff. The small-cap Russell 2000 Index dropped 2.4% for the biggest single-day decline since November.
NextEra Energy Inc. agreed to pay about $67 billion in stock for Dominion Energy Inc. in the biggest power acquisition ever, creating a giant utility extending from Florida to the data centers clustered in Virginia.
Yields on US bonds dipped as much as three basis points Monday after Iran’s semi-official Tasnim reported that Washington proposed a temporary waiver on Iran oil sanctions until the final agreement, citing a source close to the negotiation team.
In the race to build the infrastructure that powers artificial intelligence, Alphabet Inc.’s Google has an enviable position: The company has a healthy cloud computing business, makes its own chips, and has struck deals to share them with companies like Anthropic PBC and Meta Platforms Inc.
America is fast becoming a country with two economies: a stagnant one for men and a growing one for women. So far this year, the US has created more than 165,000 private-sector jobs, and 72% of them went to women. To some extent this reflects a structural change in the economy, as growth is in industries more likely to employ women, such as healthcare.
Rising bond yields curbed traders’ appetite for risky bets early Friday, sending stocks lower following a weeks-long record-setting rally driven by a rush of cash into all things artificial intelligence.
Investors shed government bonds around the world, propelling borrowing costs to multi-year highs from Japan to the US amid intensifying fears that war-driven inflation will force central banks to pursue higher interest rates.
Elon Musk’s ambitions for artificial intelligence are coming together in a former vacuum-cleaner factory in Memphis, Tennessee.
With stocks near all-time highs, the need for change is hardly obvious. Proponents argue that requiring fewer reports will reduce the time and cost of compliance. Some blame an increase in disclosure demands over the last three decades for a sharp decline in the number of public companies.
While US stocks have been going from one record to the next, global asset allocators haven’t quite kept up. And that may keep the market’s upward momentum intact as fund managers try to catch up.
Investors are growing increasingly optimistic about Amazon.com Inc.’s position in artificial intelligence, lighting a fire under the stock and sending the company’s market capitalization soaring toward the rarefied $3 trillion level.
In today’s war-torn market, both are the supplier of last resort. One provides dollars; the other barrels. But that’s where the similarities end. The central bank can print the currency at ease; the drillers cannot.
Ford Motor Co. has finally hit upon an electric strategy that shouldn’t lose money. The key element is that it doesn’t involve vehicles — not for now, anyway.
Apollo Global Management Inc. announced last week that it will soon provide daily pricing for its private credit. It may not sound like a big move, but its decision to lift the veil on these assets could be the most impactful development in financial markets and investing in a long time.
State revenues are softening, and rainy day fund capacity has declined for the first time since the Great Recession, he wrote in his second quarter outlook report released Wednesday. The end of pandemic-era stimulus programs, slowing tax collections and rising costs are all adding to the weakness.
To understand the full impact of AI on advisor productivity, it’s important to look beyond speed alone. The more relevant question is whether efficiency gains are creating meaningful breathing room or simply raising expectations and expanding the scope of work.
Advisors may need to amend their wealth management or financial planning strategy, if many of their clients work in the public sector, or are based in geographic locations unevenly impacted by government cuts or mandates.
I’m all about trying to build bridges and fix things, and I am also a realist. I often tell clients there is a right way, and then there is what you can get done within your environment. I’ll always lean toward the second one.
The rules haven't changed. The obligation to capture, retain, and supervise communications is exactly what it was in 2021. What changed was the enforcement spotlight — and firms that have mistaken a quieter SEC for a changed regulatory landscape are building exposure that will surface eventually.
US equity futures pushed higher early Wednesday as traders snapped up technology shares after a pullback in the group, with enthusiasm around strong earnings outweighing a resurgence in inflation.
The nuclear power industry is booming. With electricity demand surging, dozens of nations have set a goal of tripling the world’s capacity by 2050. And the US, which has the biggest fission fleet, is pushing to quadruple output from its reactors.
Alphabet Inc.’s Google introduced a new high-end laptop segment called "Googlebook" that will run Android and prominently showcase Gemini artificial intelligence. Hardware partners Dell Technologies Inc., Lenovo Group Ltd. and HP Inc. will debut models built on the platform in the coming months.
