This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
From BofA: Since our last weekly publication, our 3Q GDP tracking estimate is down two-tenths to 2.3% q/q saar while 2Q GDP came in at 3.0% q/q saar in the final official estimate. [Sept 27th estimate] emphasis added From Goldman: The details of yesterday’s durable goods report and this morning’s Advance Economic Indicators report were stronger than our previous GDP tracking assumptions, while the details of the PCE report were slightly softer.
This week, we speak with Kyla Scanlon , creator, host of YouTube’s,“Let’s Appreciate” podcast , writer of daily short-form videos about economy + markets. She has been published at Bloomberg, New York Magazine, FT, and the NYT. Her new book “ In This Economy?: How Money & Markets Really Work ” just came out this Summer. We discuss how she came up with the idea of a “ Vibecession ” and how it became a popular New York Times guest essay.
Note: This is a repeat sales index (like Case-Shiller and FHFA). ICE is releasing this index early this month. Several cities in Florida are now seeing year-over-year price declines (as inventory surges). From ICE: • Home prices continued to cool in August, with prices up +3.0% from the same time last year according to the ICE Home Price Index, marking the slowest rate of home price growth in over a year • On an adjusted basis prices rose by +0.12% in the month – the slowest adjusted monthly gro
Markets Most stocks are working right now. (theirrelevantinvestor.com) Some investments are an IQ test. (downtownjoshbrown.com) It's easy to get distracted these days as an investor. (youngmoney.co) Finance ETF assets in the U.S. just hit $10 trillion. (finance.yahoo.com) A Q&A with Vlad Tenev, CEO of Robinhood ($HOOD). (fastcompany.com) OpenAI Why is everybody seemingly leaving OpenAI?
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
In other RIA news, Merchant stakes an investment banking firm, Focus partner firm Transform Wealth buys fellow Denver business Custom Portfolio Group, and Cetera's employee RIA acquires an Austin-based practice with $185 million in assets.
Economy Barry Ritholtz talks with Kyla Scanlon author of "In This Economy? How Money and Markets Really Work." (ritholtz.com) Joe Weisenthal and Tracy Alloway talk industrial policy with Vivek Chibber, a professor at NYU. (podcasts.apple.com) Ted Seides Patrick O'Shaughnessy talks with Ted Seides author of "Private Equity Deals: Lessons in Investing, Dealmaking, and Operations from Private Equity Professionals.
Listen as Marissa Herr, Head of Technology Consulting at Fidelity Investments, share insights on her firm’s dedication to enhancing the client experience.
Listen as Marissa Herr, Head of Technology Consulting at Fidelity Investments, share insights on her firm’s dedication to enhancing the client experience.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study by Cerulli has shown a sharp increase in the number of affluent investors willing to pay for advice, which on the one hand reflects the increasing financial complexity in peoples' lives (while they've also gotten busier than ever at work and at home) to the extent that they're more willing to work with someone to navigate those financial challenges; while al
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through August 2024. CPI Shelter was up 5.2% year-over-year in August, up from 5.0 in July, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 5.3% YoY in August , up from 5.2% in July, and down from the cycle peak of 8.3% in April 2023.
(Sponsored Content) At Wells Fargo Advisors, we believe supporting diverse advisors starts with a culture of actively engaging with them throughout their journeys.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
The BEA released the Personal Income and Outlays report for August: Personal income increased $50.5 billion (0.2 percent at a monthly rate) in August , according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $34.2 billion (0.2 percent) and personal consumption expenditures (PCE) increased $47.2 billion (0.2 percent).
The Canell Group includes the sibling advisory duo Jay and Neil Canell. They’re joining Wells Fargo’s Private Client Group along with four advisors and support staff.
Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rate Ticked Up in August Brief excerpt: Single-family serious delinquencies increased slightly in August, and multi-family serious delinquencies decreased slightly. Freddie Mac reports that the multi-family delinquencies rate decreased to 0.38% in August, down from 0.39% in July, and down from the recent peak of 0.44% in January.
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
The bull market of the 1980s and 1990s is the stuff dreams are made of.1 The S&P 500 was up nearly 18% per year over the course of those two decades.2 It’s one of the great bull markets in history. But if we want to get picky, the bull market didn’t truly start until 1982. There were back-to-back recessions in 1980 and 1981-82. You had a 17% correction in 1980 along with a near-30% bear market that bottome.
Listen as John Mackowiak, Chief Revenue Officer at Advyzon, as he unveils the challenges of traditional fragmented technology stacks and highlights how his firm’s proprietary tools drive unprecedented efficiency for users.
While the skewness metric did demonstrate that it could select funds with managers skilled a security selection, the fund’s expenses and implementation meant that the fund was just about able to cover its expenses, and that was before the negative impact of active management on after-tax returns—and the finding was not statistically significant at even the 10% level of confidence.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Personal income ( excluding transfer receipts ) rose 0.23% in August and is up 5.4% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.14% month-over-month and up 3.1% year-over-year.
In today’s rapidly changing technology sector, identifying stocks with strong growth potential can be challenging. Validea’s Twin Momentum strategy offers a unique approach to identifying stocks that are not only performing well, but are also backing that performance up with their fundamentals. Let’s explore this strategy and five tech stocks that are currently passing its rigorous criteria.
Listen as, Brian McLaughlin, President of Orion Advisor Technology, as he explores the innovative tech solutions that empower financial advisors to thrive in today's fast-paced market.
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
That is much clearer and far more accurate. On Wednesday, Reuters first reported that the company is set to announce a restructuring under which its nonprofit board will lose control over the company’s core business.
Understanding the significance of candlestick patterns for technical analysis is crucial since they provide valuable insights into the price movements of securities. We will explore the significance, psychology, and trading approaches associated with the spinning top candlestick pattern among the various available candlestick patterns. Spinning Top candlestick pattern – Definition The spinning top is a candlestick pattern that signals market indecision.
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.
The Up & Down Wall Street column in Barron's looked at how Friday's PCE report validated the FOMC's decision to cut by 50 basis points this month. The conversation drifted into a look at value stocks' performance which teed up Cliff Asness to make the case for value. Cliff is obviously bigger than the typical thought leader but there is an element of why say in 100 words what you can say in 1000 words to his writing style.
It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
At a finance conference in London this summer, four senior investment bankers set about persuading the room that the $1.7-trillion private credit market isn’t a threat to Wall Street. Barely three months later, two of them have jumped ship to seek their fortunes in the upstart asset class.
Recently, the Federal Reserve lowered the target range for the federal funds rate. This decision affects most consumer interest rates, so it’s normal to wonder what this change might mean for you. In this post, we’ll explain what interest rate decreases mean for your money and how you can make the most of your savings […] The post How To Make the Most of Your Money When Interest Rates Decrease appeared first on Wealthfront Blog.
If investors had known in advance the size of the Federal Reserve’s latest interest-rate cut, would they have made big money on stocks and bonds trading on this market-moving intel?
The Internet has unlocked the potential of the future economy. It has helped to connect people across the world. The connection has been growing further with many people leveraging it with their daily usage. The Internet is connected through optic fibre cables under the ocean which often goes unnoticed. The current digital economy is fueled by optic fibre connections.
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
296 
Let's personalize your content