Don’t trust analysis from managers that shows they have outperformed an appropriately selected, passive benchmark. That is true for mutual funds, and new research shows it is equally accurate when it comes to endowments and pension funds.
BMW AG is doubling its investment at its Hungarian factory to €2 billion ($2.1 billion), adding a high-voltage battery assembly facility that will create more than 500 jobs.
Copper miners are boosting output at last after several years of anemic performance.
The global oil market keeps sending up flares on the outlook for weaker demand. In the latest, a closely-watched gauge of Asian crude consumption tumbled to a seven-month low as surging virus cases in China trigger lockdown-like restrictions in the world’s biggest importer.
All is not lost for equity capital market bankers.
US retailers discounted heavily on Black Friday to clear out bloated inventories but customers responded with only modest traffic, leaving profitability in doubt for many chains.
Commodities are heading for a challenging finish to a year of turmoil, with geopolitical tensions and global demand uncertainty set to buffet markets from oil to copper and crops through December.
Any time you neglect to maximize diversification, whether to chase active management, indulge personal intuition or save trouble, you need to think carefully about whether you are getting paid enough for the additional risk.
Presidential administrations never stay the same from beginning to end. Top personnel come and go for various reasons, and we seem to be seeing that now with the Joe Biden administration.
Cracks in a key silver-lined component are creating new delays and cost overruns in the $23 billion project to prove whether nuclear fusion can generate limitless clean energy.
Historic turmoil in cryptocurrency markets sparked by FTX’s implosion hasn’t stopped one funds issuer from moving forward on a new investment product tied to Bitcoin.
Under the surface of one of the quietest weeks on Wall Street all year, some money managers are renewing speculative bets, hoping against hope that a more friendly -- or at least less-hostile -- Fed, is back in their corner.
The US Securities and Exchange Commission’s draft plans to overhaul rules for the stock market would also expand its oversight of bond and options trading.
The chorus of strategists turning bullish on Chinese stocks is getting louder by the day, with Bank of America Corp.’s Michael Hartnett the latest to recommend the nation’s equities as a top buy for 2023.
After losing nearly $300 billion in market value in two months, a growing chorus of Tesla Inc. analysts are saying the share-price decline has gone far enough.
For student loan borrowers, President Joe Biden’s forgiveness plan seemed too good to be true. And now they fear that maybe it was.
The following is a loose collection of random thoughts and observations on the Russian invasion of Ukraine. Rather than a coherent article, I offer some insights that have emerged as the war has dragged on.
Applications for US unemployment benefits rose last week to a three-month high amid a wave of layoffs at technology companies, a sign of cooling in a tight labor market.
Federal Reserve officials at their meeting earlier this month concluded it would soon be appropriate to slow the pace of rate increases, signaling the central bank was leaning toward downshifting to a 50 basis-point hike in December.
More Americans are tapping their 401(k)s for financial emergencies, with the percentage of retirement savers pulling money for hardships spiking 24% in the 12 months through Sept. 30, according to new data.
Historically, soaring oil prices have been bad for the US economy because they squeeze US consumers and producers, and often are happening when the Federal Reserve is raising interest rates to rein in inflation.
Two years ago this month, Tesla fans learned the electric-car maker’s shares were joining the S&P 500 Index, and Elon Musk was turning retail investors into Teslanaires.
A lack of reliable ESG data in emerging markets is proving a boon for some of the heavyweights of global finance.
Microsoft Corp. agreed to buy a massive amount of clean energy to power a data center in Ireland, making it the second biggest corporate power-purchase agreement deal so far this year.
Amazon.com Inc. spooked investors last month when it predicted the slowest holiday season growth in its history.
Here are three signals people use to let you know when they are feeling pushed.
With all the market ups and downs, we are not as profitable as we have been historically.
Here are three ways you can add value in the context of insurance issues.
Even though you are an advisor, you’re not in the financial advice business. You’re in the problem-solving business.
Let’s look at four keys to building trust through deeper relationships.
If you aren’t willing to niche, at least decide whether you are trying to help your clients thrive or survive. Then build a message around one of those themes. Are you selling them life rafts (survive) or sailboats (thrive)?
What does lousy value look like, and how do you overcome that?
Rather than let procrastinators ruin your day and invoke unhealthy emotions, overcome your clients’ and prospects' reluctance to move ahead using the skills and techniques I mentioned to win over that last 10%.
If you lose your job, what emotional and professional support should you expect from your financial planner?
Tighter Federal Reserve policy is raising households’ interest-rate burden, leading to a rapid decline in excess savings and underscoring the likelihood hawkishness has peaked.
Wall Street’s waning conviction in Coinbase Global Inc. has done little to deter Cathie Wood. Instead, she’s been scooping up shares of the struggling cryptocurrency exchange in the wake of the collapse of Sam Bankman-Fried’s FTX.
Tesla Inc. is changing its marketing approach in China as fierce competition from domestic rivals and uneven demand puts its growth plans in the world’s biggest electric-car market at risk.
The great quantitative easing experiment was a mistake. It's time central banks acknowledge it for the failure it was and retire it from their policy arsenal as soon as they’re able.
The “wall of capital” that was supposedly coming to finance the global energy transition has proven to be more of a dam, holding back most of the cash that was promised.
Amundi SA is removing the European Union’s highest ESG designation from virtually all funds that once carried it, as it joins a growing list of investment firms that have been wrong-footed by a change in regulatory guidelines in the bloc.
Recessions are like forest fires – small ones are healthy for the forest. However, the longer you suppress fire, the more dead material the forest accumulates. Eventually, when it does pay a visit, it is more devastating and its effects are more long-lasting. The recession that is coming could be a big fire.
Advisors and their clients need to manage pressures they have not seen for 20 years: market volatility, inflation, rising interest rates and potentially higher taxes. With fixed income not holding up as a low-risk part of the portfolio, it is time to look at other strategies to protect client portfolios.
Right now, investors are getting worried because the yield curve has gotten very inverted — more inverted than it was in the lead-up to either the 2001 or 2008 recessions.
What is the cost, at this month’s market prices, of achieving the standard of living actually attained in the base period?
Once again, we are on the cusp of a nuclear renaissance. Actually realizing one requires something nuclear power isn’t known for: Speed.
All financial manias have some features in common.
The dollar climbed against its Group-of-10 counterparts as investors sought shelter in the US currency amid concerns that China may tighten Covid curbs.
In the race to build a North American hub to support the electric-vehicle industry and challenge China’s dominance, one tiny Quebec community is charging ahead.
The S&P 500 is down 15% over the past year, so you’d think this would have been a great time to own some protection on your portfolio. Unfortunately, that’s not how things have turned out.
Socially responsible firms pay more for the external audits of their financial statements, thereby lowering risks to investors. But those lower risks also mean lower returns for investors.