Concern is mounting in corporate credit markets globally as longer-term Treasury yields continue to rise, leading borrowers from New York to Tokyo to delay bond sales and strategists to warn of trouble ahead.
If you’re fond of the term “mind candy” to describe novel, intriguing, and insightful concepts, then The WEIRDest People in the World is an eight-pound Costco box of it.
New research shows that higher employee satisfaction leads to higher equity returns. That reinforces previous research showing that ESG principles should be an important aspect of advisors’ due diligence in fund selection.
The Biden administration’s efforts to tackle the COVID-19 pandemic, promote racial equity, and address climate change may well continue this momentum, creating powerful incentives for companies to do the right thing by the environment and their stakeholders.
The overall outlook is positive for equities, although the most-probable returns for U.S. equities are significantly below the high bar of the past three years and expected volatility is also somewhat higher than in recent years.
It’s pretty tough, one year deep into the global pandemic, to put a sunny face on the future of business travel. But for the people at American Express, the future of corporate travel looks … sort of fun?
It may turn out that five new special purpose acquisition companies per day was too many.
A new exchange-traded fund seeking to ride the companies most loved by investors online has found plenty of its own positive sentiment in its first day of trading.
It would appear that nothing can pop the stock market bubble, but there is one straightforward “pin” that will do the job – rising interest rates.
One of President Biden’s early executive orders extended the temporary national moratorium on evictions for nonpayment of rent that begin on September 4, 2020. The moratorium is intended to help renters struggling to make rent payments because of the economic impact of the pandemic.
Everything you’ve been taught about elevator pitches is wrong. I’m here to show you a much simpler way.
China kicks off its biggest political meeting of the year Friday, laying out plans that could propel the economy into the world’s biggest this decade.
The main fund from Cathie Wood’s Ark Investment Management slipped in pre-market trading on Thursday, as it struggles to stabilize following a 20% drop from its February peak.
Casey Harrell, the campaigner whose sustained pressure was instrumental in pushing BlackRock Inc. to act against climate change, approaches his work as if locked in a race against time. That was true even before the 42-year-old environmental activist was diagnosed last year with amyotrophic lateral sclerosis, also known as Lou Gehrig’s disease.
Bond traders have been saying for years that liquidity is there in the world’s biggest bond market, except when you really need it.
Senator Elizabeth Warren said IRS funding should be bolstered so the richest Americans get audited about once every three years as part of her proposed 2% annual tax on wealth in excess of $50 million.
A small mutual-fund provider is slated to make history later this month as the first to convert its products into exchange-traded funds.
There is a recipe for advisory success, but it looks more like one for chili than for a cake. In other words, advising is more cooking than baking.
Practicing good social media etiquette is critical in the digital economy.
I was recently introduced to an impressive tool that organizes and simplifies the planning process, and shows clients how to meet their financial goals.
Duke basketball fans have a widespread – and sometimes deserved – reputation for being arrogant, smug and generally annoying. But I have to give the “Dukies” credit for helping to prove that computers and algorithms will never replace human financial advisors.
Those of us in the coaching business may be doing some harm, notwithstanding our good intentions.
What activities should we consider this year to replace the normal in-person dinners and client events we have always done?
Thomas Costerg doesn’t usually go to bed with a computer, but he couldn’t help himself Thursday night after what had just happened in the Treasury market.
Critics of the passive-investing boom in bonds warn about the risks stemming from the mismatch between highly tradable ETFs and the illiquid securities they hold.
Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their local gyms, bars and yoga studios as if the pandemic was in the past.
Much statistical analysis in finance depends on the assumption that variables have normal distributions. This assumption is far from correct. As a result, as Nassim Nicholas Taleb has rightly pointed out, most statistical results in finance are wrong. Now, a disciple of Taleb has tried to extend Taleb’s research by relating it to an obscure mathematical concept.
A technical indicator with a reliable history is signaling that 30-year Treasury yields will soon decline.
Clients face three big risks in retirement from the sequence of returns, volatility and asset shortfalls. Michael Hirthler, the founder and chief investment officer at Pennsylvania-based Jacobi Capital Management, explained to me how he uses the Big Picture app to explain those risks to his clients.
A goal of environmental, governance and sustainable (ESG) investing is to reduce carbon emissions and improve the quality of the environment. New research shows this effort is succeeding.
Even the most promising future can change drastically by a life-threatening event. A healthy individual may require around-the-clock care and supervision after an accident, creating the need to solve complex financial planning problems.
President Biden’s coronavirus stimulus package has the intention of flooding the economy with money at a time when economic growth is sputtering. Ironically, it contains one provision likely to create exactly the opposite of what he intends: raising the national minimum wage from $7.25 to $15.00 per hour.
Opponents of Harvard College’s affirmative action policies asked the Supreme Court to bar colleges from using race as an admissions factor, setting up what could be a defining showdown for higher education and the court’s conservative majority.
House lawmakers kicked off an effort to tackle dominant technology companies, vowing a revamp of competition laws to curb their power.
The rout in popular technology shares accelerated after the 10-year Treasury rate spiked as much as 23 points, fueling worry that the Federal Reserve will be forced to raise interest rates.
Today’s low bond yields and high equity valuations have led many to jettison the traditional 4% initial safe-withdrawal rate assumption. But I will show that the optimal “safe” withdrawal rate depends considerably on the retiree.
The unprecedented $9 trillion rescue mission by central banks to haul the world economy from its coronavirus recession is being tested as rising bond yields and inflation bets threaten their ability to keep borrowing costs down.
Tencent Holdings Ltd.-backed Yuanfudao is seeking fresh funding at a valuation of more than $20 billion, people familiar with the matter said, as the cash-burning battle in China’s online education arena shows no sign of abating.
Turmoil in mega-caps like Apple Inc. is stirring investor anxiety. But for professional stock pickers, it’s mostly good news when the market’s biggest companies loosen their grip.
Increased marital stress is highlighting the financial challenges divorce brings, especially to women.
It takes courage and humility to realize you’ve erred and to issue an apology. Don’t waste it by doing it in a way that negates your intent and may exacerbate the problem.
The key to getting referrals from a board is treating those influential people as genuine centers of influence.
I will break down the levels of a standard marketing funnel and provide specific steps that financial advisors can take to create their own.
How do you tell someone you work with they need to have better on-camera etiquette?
Plastic-wrapped foam mattresses, dilapidated plastic shelving units, three-legged Ikea chairs—Jay Reno calls this “end-of-life” furniture. And it’s accumulating by the dumpster-full in landfills.
Casualties are piling up across the stock market as bond yields rise.
The biggest slide in months for Cathie Wood’s funds is testing the resolve of investors who plowed billions of dollars into one of the hottest firms on Wall Street.
A solution for the challenge of moving wirehouse clients with active securities-based loans.
For bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.
The obstacles to higher yields in the world’s biggest debt market are slowly melting away.