After a blowout 2020 for corporate debt, exchange-traded fund investors are quickly souring on those bonds.
House Speaker Nancy Pelosi backed a move to put a repeal of the $10,000 cap on state and local tax deductions in the infrastructure and social-spending program that Democrats are hoping to pass as soon as this summer.
The corporate tax-cut party President Donald Trump kicked off will soon be over if his successor proves able to enact proposals to roll back half of the 2017 domestic income-tax reduction and to radically revamp levies on profits earned abroad.
Traditional Easter and Passover lamb-centered meals mark peak season for the often overlooked protein. But one year ago, the arrival of the pandemic sent the U.S. lamb industry into a tailspin.
Everyone’s excited about the prospects for a sharp economic recovery as increasing numbers of Americans get their Covid-19 vaccinations. Well, almost everyone -- holders of U.S. Treasuries have serious reasons for concern.
I want to share a math formula I often discuss with advisors. This is for anyone considering transitioning their practice to the RIA model or is already working through those steps but is struggling to reach the finish line.
ESG is at the forefront of contention at the SEC. Differences between Republican and Democratic commissioners are sharp and clear.
Let’s look at the four most popular social media platforms for business, who’s using them, and what type of content is the best fit for each one.
There’s a single question that nobody asks. It’s one that unlocks immense value not just for your brand, but also for the entirety of your business.
Perfectionism sounds great but it can be the gateway to disaster.
My advisors are pushing back on our fees. They are hearing from clients they believe they are paying too much for our services.
The assumption that will kill your conversion rate is this:
Students who received emergency financial aid grants related to the coronavirus pandemic won’t owe taxes on that money, according to the Internal Revenue Service.
If there’s one key takeaway for financial markets after a year of pandemic, it’s that officials now seem predisposed to throwing huge amounts of money at protecting their economies.
The U.S. economic reopening trade is back in full force, sending 10-year Treasury yields up to 1.77% for the first time since January 2020.
Andrew Yang, the former presidential contender running for New York City mayor, says his alma mater Columbia University is going to have to pitch in to help with the city’s budget. How much money he says he can get may be a stretch.
Everywhere you look, there’s a valuation lens that makes stocks look frothy. Also everywhere you look is someone saying don’t worry about it.
Cathie Wood has spent months defending Ark Investment Management from critics who say the money manager has too much cash tied up in too few stocks. The firm’s latest move is handing them fresh ammunition.
Our economy is recovering; the stock market is booming. Yet I'm hearing investors express much more fear now than they did last March when the stock market was falling off a cliff. I see a couple of reasons for this.
Standard neoclassical economics is a failure and is driving many of the crises facing our world.
Investing based on ESG concerns should lead to lower returns, since the prices of those stocks will be bid up beyond their intrinsic value. But new research shows that by combining ESG- and momentum-based principles, investors can achieve higher risk-adjusted returns.
Someone must pay for rampant federal spending.
Might the federal government launch a digital or cryptocurrency? Early forecasts say the “fedcoin” has bipartisan support.
A recent survey showed that only 28% of RIAs are using annuities for clients near or in retirement. But 68% said they would consider them, foretelling a dramatic increase in the coming years.
The firm behind a growing set of exchange-traded funds that cushion losses is offering a new suite of tools for bulls to bet on another stock surge.
Data has shown that investment strategies that address ESG issues constitute a third of professionally managed U.S. assets. That has led some to claim that asset prices have been driven up to the point where investors should expect poor performance going forward. That narrative is false.
The race to the bottom continues as two of the largest ETF issuers are slicing what investors pay in the $6 trillion industry’s battle to manage the most cash.
A word of warning for all those bond traders banking on a Federal Reserve rate hike as soon as next year: Since 2008, markets have underestimated how patient officials can be in lifting borrowing costs from zero.
As harrowing as it has been to watch bond yields jump, watching them sit still would’ve been worse for stock investors banking on a major revival in earnings this year.
Financial markets are obsessed with where inflation is headed. Statisticians are struggling to figure out where it’s at.
Health-care companies are taking on more debt to pay dividends to their private equity owners, just a year after the start of a pandemic that plunged the industry into crisis.
A bond designed to raise funds to grow the population of endangered black rhinoceros in South Africa will be sold by the World Bank this year.
Should you include Clubhouse in your online marketing strategy for 2021? Here’s my breakdown.
The government’s COVID relief programs have cost $5.2 trillion, more than World War II, which cost $4.7 trillion. Those mountains of money will cause inflation, raise interest rates and reduce in stock prices.
How does retargeting work? And what advantages does it bring to advisors?
Kvetching. That's a technical term that describes what my financial advisor coaching clients do when I walk them through creating their “ideal week.”
Getting more referrals is one thing and getting better referrals is indeed a completely different issue.
During these challenging times, growing a financial advisory firm is a study in the fundamentals: understanding your clients and building relationships.
A woman to whom I was referred because she is facing a nasty divorce turns out to be a close acquaintance of mine.
There are many studies that provide aspiring leaders with sound guidance on how to manage your firm, and how to create a happy, collegial and productive environment.
Citigroup Inc., one of the biggest Wall Street underwriters, on Monday advised investors to avoid bonds sold by state student loan agencies, citing the risk that more graduates will need to get temporary reprieves from their debts.
About $22 trillion of wealth was created in U.S. stocks, roughly the country’s total annual output. An exchange-traded fund tracking the airline industry has more than doubled. At least 45 companies in the S&P 500 have surged by more than 200%, including Tesla Inc., up almost 700%.
Coffee supplies in the U.S. are shrinking and wholesale prices are surging, with the hard-hit market bracing for further fallout from a global shortage of shipping containers that’s upended the food trade.
The American Rescue Plan (ARP) has some welcome relief for clients who are responsible for obtaining their own health insurance coverage. Clients could benefit from the enhanced health insurance subsidies, maximal assistance for those who claim unemployment, a new round of COBRA premium assistance, and forgiveness of 2020 premium tax credit overcalculations.
Educators have long struggled to help students like Tiaja Harley earn bachelor’s degrees, the surest route to the middle class. Raised by a single mother who earned minimum wage, Harley loved to read and was good at math and science in elementary school. Students like her do get into college, but the vast majority drop out.
President Joe Biden’s economic team at the White House is determined to make good on his campaign pledge to raise taxes on the rich, emboldened by mounting data showing how well America’s wealthy did financially during the pandemic.
Stripped down to basics, the new consensus in economics goes like this: It’s fine for governments to borrow and spend more money -- so long as they can get hold of it cheaply.
Knowing why you’re investing matters to how things turn out.
New research shows that hedge funds that proclaim to adhere to socially responsible investment principles fail to follow through on that commitment and they deliver inferior performance results. The same is true of institutional funds, although the evidence is weaker.
Revisiting Bengen’s “4% Rule” at various levels of risk aversion, and generalizing beyond a simple fixed-withdrawal, no-shortfall rule, to flexible rules at different levels of risk aversion.