The Saudi-Russia oil alliance has the potential to cause all kinds of trouble for the US economy — and even for President Joe Biden’s re-election campaign. This month’s OPEC+ decision to cut crude output, for the second time since Biden flew to Saudi Arabia last summer seeking an increase, may be just the start.
Xi Jinping led a parade of officials this spring vowing to revive China’s economy, hoping to repair the damage wrought by years of Covid Zero and regulatory clampdowns. Some of the world’s biggest investors are selling anyway.
The US power grid includes everything from 100-year-old hydro dams to brand-new batteries. It’s evolving as coal power diminishes, wind and solar rise and energy storage smooths out operations. But those changes are a shadow of what might come next.
There are four critical reasons why the dollar will not lose its global reserve status anytime soon.
Two of the biggest proposals Biden introduced in his recent budget were a big increase to the long-term capital gains tax and a new tax on the wealthiest Americans.
Warren Buffett is leaving little to chance when it comes to winning a piece of one of the biggest American power deals.
One thinks Tesla’s stock is a buy and headed back to $300; the other believes it’s a sell and will fall to $150.
The International Monetary Fund has caused some consternation with the long-range forecasts in its April World Economic Outlook. It predicts that once the current bout of nasty global inflation abates, interest rates will return close to zero.
Twitter Inc. has ceased to be an independent company after merging with a newly formed shell firm called X Corp., driving speculation about what Elon Musk intends for the social media platform.
A key measure of US inflation showed hints of moderating in March, but likely not by enough to dissuade the Federal Reserve from raising interest rates again next month.
I’ll share a few insights I have learned that will help with COI relationships.
I “interviewed” Chat GPT 4.0 and asked it questions you might find of interest. Then I asked it to suggest additional questions I should have asked.
With higher bond yields, it is instructive to understand what drives interest rates in cash sweeps.
Instead of constantly developing a new marketing plan each year (or quarter, as I recommend), it's best to work the plan. In those periods, establish a marketing routine rather than creating an entirely new plan.
Long-term bonds usually pay a higher yield than shorter-term ones to encourage investors to lend for longer. But sometimes the so-called yield curve inverts, as it has now, and short-term bonds offer the highest yield.
Following a great deal of hype last year, companies now seem to be reining back their investments in the metaverse.
Hedge funds are reloading on bearish wagers on US equities, betting the latest market retreat will persist amid worsening economic data and corporate earnings.
We introduce a tool for assessing how the market responds to news about the economy and about government monetary and fiscal policy.
If the FTC is successful in getting a new rule enforced, non-compete agreements may soon become illegal in all 50 states.
With so many offerings to choose from, how should an advisory practice build or refine its tech stack? Let’s examine options to maximize your chances of success.
As the head of a health advisory company, I work with people who are undergoing treatment for various medical conditions, and I’ve seen firsthand how important it is to make the most of your health insurance.
Grand marketing plans are created and resources spent on social media or website traffic-generation efforts, with little thought given to conversion programs.
We’ve all been told that people buy from those they know and like. But if that were the whole truth, then you’d have far more clients.
Western countries have become increasingly wary of sharing technology with China, with the US and Netherlands recently imposing new restrictions on exports of semiconductors and the equipment used to make them.
Almost $1.5 trillion of US commercial real estate debt comes due for repayment before the end of 2025. The big question facing those borrowers is who’s going to lend to them?
Sustainable investing continues to gain in popularity, with investors worldwide frequently attracted not only by ethical concerns but also by the lure of superior returns. Unfortunately, new research focused on global stocks showed that they did not get what they were sold.
Safe and risky: the final frontier. These are the voyages of the retiree on her lifecycle mission: to explore strange new investments. To seek out safety and protect against inflation. To boldly go where no woman has gone before!
Bailouts of the banking system create social tension. Eventually, bailouts introduce so much risk into the system that failures and bailouts become too costly for society to bear. The government creates draconian rules to prevent them, which kills innovation and new business, and the result is a stagnating economy.
It is not every day that I read a prediction of doom as arresting as Eliezer Yudkowsky’s in Time magazine last week. “The most likely result of building a superhumanly smart AI, under anything remotely like the current circumstances,” he wrote, “is that literally everyone on Earth will die.
I had lunch last week with two of our authors, Michelle Donovan and Patty Kreamer, in Pittsburgh. My granddaughter, Evelyn, got to come along.
When banks started going belly-up, the reaction in bonds was emphatic. Two-year Treasury yields slid a percentage point over three days in March, the most since 1982.
The number-one reason prospects evade us is…
To understand the common mistakes high-net-worth individuals make and how to address them, I spoke to experts in the field.
I get many inquiries from bond investors on whether they should buy bills, notes, or bonds based solely on expected Fed policy.
Shares of China’s state-owned enterprises have been a hot trade in a mostly lackluster equities market this year, but disappointing earnings are causing investors to reassess their bullish bets.
Professional stock pickers who feasted on last year’s volatility were positioned for more of the same heading into 2023. They got something else entirely, and are paying for it in their returns.
Central Banks are on the verge of declaring the yearlong interest-rate hiking cycle over. The reason: Banks have taken the wheel and are pressing the brakes.
First, Goldman Sachs Group Inc. highlighted Bitcoin as the best-performing asset in terms of absolute and risk-adjusted returns earlier this year. Then the banking crisis happened and the largest digital coin rose to its highest price in ten months. It's enough to make even some naysayers reconsider.
Learning to walk away is the hardest part of selling, because we’ve been so conditioned to pursue anyone who we believe could benefit from our services.
There are very few superstars who didn’t protect and manage their time well. But there are many others who live with disorganization every day and wonder why they can’t hit their goals.
Asking questions is a proven, tested technique to increase likability, build trust and uncover personal, sensitive but valuable information.
Understanding the neuroscience of financial stress will help you support your clients and keep them from making emotional decisions that upend your careful planning.
We recently had an offsite for our team – we are 250 people. The offsite included just the 40 senior-level leaders, but we were charged with getting input from the remaining 210 people. What a fiasco.
The US office market faces a tough road ahead. Corporate tenants are considering scaling back, higher interest rates are hurting valuations and many property owners face looming debt maturities that they may struggle to refinance.
In 2017, Netflix Inc. tweeted that “love is sharing a password.” In 2023, Wall Street loves that the company has changed its tune.
Walmart Inc. is betting on greater supply-chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.
DoubleLine Capital LP’s next pair of exchange-traded funds are setting sail into a rocky real estate market.
How do you serve up a culture that supports growth? I have three recommendations.
Parents become children as they experience role reversals later in life. Well, it’s happened to me.
Here are five ways to respond when you know someone is lying, blowing you off, or dodging your questions.
