Given the divergence between the calm market surface and the volatility of its underlying stocks' returns, let's get a better grip on the market’s undercurrent and decipher what it may be trying to tell us.
One underused alternative sits quietly in the options market: the short box spread. When used correctly, it allows advisors to treat borrowing as a fixed, collateralized financing decision, rather than an improvised margin advance.
Until I read Hannah Ritchie’s new book, “Clearing the Air: A Hopeful Guide to Solving Climate Change in 50 Questions and Answers,” I was inclined to believe the view of Mark Mills, a former senior fellow at the Manhattan Institute, that a transition away from society’s dependence on hydrocarbons “is not feasible in any meaningful time frame.” But Ritchie changed my mind.
The placid surface of an equity market that’s treaded water for months is masking dramatic swings underneath, as stock moves whipsaw traders and threaten more turbulence ahead.
Pay for top bosses at the biggest US banks has reached new records in the past couple of years, surpassing even what chief executive officers got in the pre-crisis peak of 2007. Someday these vast rewards might run dry. After all, in the age of artificial intelligence, what is a CEO even for?
With his move to impose new global tariffs, US President Donald Trump isn’t just trying to repair a trade policy dismantled by a Supreme Court rebuke. He’s also declaring the world’s largest economy is facing a profound balance-of-payments crisis.
A tweak here, a twiddle there, and now possibly a 3% sweetener on the price. It’s all progress. But the billionaire Ellison family has yet to make an offer for Warner Bros Discovery Inc. that clearly beats the studio’s December deal with Netflix Inc.
Since the dawn of retail, merchants’ primary job has been to tempt human shoppers to part with their cash. Now they have a new customer to woo: the bots.
The US Supreme Court struck down President Donald Trump’s sweeping global tariffs, undercutting his signature economic policy and delivering his biggest legal defeat since he returned to the White House.
For years, loading up on the biggest US technology stocks delivered a steady stream of riches — and avoiding them was a surefire ticket to the unemployment rolls. In 2026, the opposite has been true.
Goldman Sachs Group Inc. has boosted its investment-grade bond sale forecasts for the US and Europe after a strong start to the year for issuance and on expectations of a stronger economic outlook.
Maybe we really are headed into a future in which technological change reduces the demand for skilled labor rather than increasing it. But the job market hasn’t been turned upside down just yet.
California, like a careless heir who squanders a fortune, keeps menacing its top taxpayers. Unless lawmakers start showing some restraint, the state’s many economic strengths are likely to further erode.
A new class of digital money is reshaping how Americans move and store dollars — and Wall Street is racing to get a piece of it.
US equities rose Wednesday as a batch of reports confirming the strength of the American economy and a number of developments at the Big Tech giants reignited Wall Street’s excitement for the group.
Last week’s release of the Congressional Budget Office’s long-term budget projections prompted the merest murmur of concern. That’s America’s fiscal problem in a nutshell: It greets detailed and impeccably nonpartisan projections of looming financial catastrophe with a shrug. Tell us something we didn’t know. We’re busy right now.
It is hard to say if there is much economic benefit or cost to increased bank profits. On the one hand, it may allow banks to issue more credit to lower-income borrowers with worse credit.
If orbital space is the 21st century’s high seas, China looks to be preparing an armada. Government plans submitted late last year to the United Nations’ International Telecommunications Union, or ITU, promise a fleet of 203,000 satellites to be deployed by the mid-2030s.
Strategic succession planning executed well in advance can dramatically enhance your practice's worth while protecting both client relationships and your financial future. Let’s explore key moves for maximizing your valuation and ensuring a lasting legacy.
AI is evolving too quickly for static governance. Most firms today are still in a reactive posture. The goal is to move toward proactive management and ultimately predictive governance. The firms that learn to govern shadow AI will be the ones who turn today’s risk into tomorrow’s advantage.
As long as I have been writing this column and working in this business, I’ve learned there is still a first time for everything — and this is the first time I have ever heard this dilemma from an advisor.
It’s no surprise, then, that the majority of your marketing efforts are probably geared toward digital viewers. Here’s why print marketing is still worth your time and attention in a digital world, along with six print pieces to focus on first.
Years after Cathie Wood became the face of pandemic-era investing euphoria, her flagship fund is marking a difficult milestone.
An early departure by Christine Lagarde could narrow the field of candidates vying to succeed her as European Central Bank president.
Artificial intelligence fears have ripped through stock and bond markets, but investors in loans and private credit are still playing catch-up.
If inquisitive investors wanted to measure the demand for AI with some actual numbers, one place they might look on the balance sheet is the line reading “remaining performance obligations,” known more simply as the backlog.
Artificial intelligence is a genuinely useful technology, but its impact will be uneven, gradual and impossible to predict. That’s the boring truth, however unlikely it is to go viral.
We’ve seen upper-income consumers power consumption growth over the past year even as middle-income and working-class households become more restrained. The message from the office market is starting to sound similar.
Before making a Roth conversion, always work with your advisor and consider the importance of timing and taxes to get the most out of the conversion. Just like Dr. Dre, you may need to make some charitable deductions to decrease your tax bill.
Nobody doubts the potential of machine learning. For portfolio managers, the question is not whether it works in theory; they know it does. The question is whether the expense fits their business size and goals.
Early last year, the drama around tariffs dominated news headlines, market predictions, and interactions between the U.S. and our allies. Yet for most Americans, daily life went on with little obvious impact on prices for goods. At least not right away.
Investors are avoiding beaten-down software stocks, warning that the brutal selloff triggered by fears of displacement by artificial intelligence is likely only just beginning.
Emerging-market assets were little changed on Tuesday as traders weighed the recent optimism toward the asset class against a firmer US dollar and thinner trading volumes due to holidays in major markets.
Treasuries rose on Tuesday as investors bet on the Federal Reserve cutting interest rates at least twice this year and jitters over global technology shares boosted demand for safer assets.
Adani Group plans to invest $100 billion by 2035 to develop green-powered, AI-ready data centers as billionaire Gautam Adani seeks to capitalize on India’s bid to emerge as a hub for artificial intelligence and cloud computing.
Thrive Capital, the venture capital firm founded by Josh Kushner, has raised more than $10 billion — its largest fund ever, giving the firm an expanded war chest to invest in areas ranging from artificial intelligence applications and infrastructure to space, robotics and life sciences.
Despite having little expertise when it comes to the subject of happiness, I’m fascinated by the subject of money and happiness. In this article, I discuss my own failed experience, review research on money and happiness, and offer my hypothesis on investing and happiness.
Before turning your investment perspective upside down, let’s define how most investors think about value and growth stocks. For some reason, investors often assume that growth and value are mutually exclusive. They are not, as we will explain.
To make alternative investments appear attractive, promoters often claim that their products are only weakly correlated — or even uncorrelated — with traditional investments, while still offering competitive returns.
Big Tech keeps raising its spending plans for artificial intelligence infrastructure, yet shares of Nvidia Corp., one of the biggest beneficiaries of that flood of cash, have been largely stagnant for months.
And so it goes in the world of private credit. Time and again, companies widely regarded as software firms are frequently labeled otherwise by lenders, a practice that raises fresh questions over the full extent of their exposure as the threat from artificial intelligence upends markets and rattles investors.
As Bitcoin struggles to climb out of its current funk, several indicators suggest any breach of the $60,000 level would unleash a fresh bout of extreme turbulence.
If you want to build a technology giant, a car company is a tough place from which to start. In terms of competing in AI and potentially even chips, Tesla is up against the massive budgets of several other Magnificent 7 members, who can, nonetheless, cover their spending with operating cash flow.
All but unnoticed last month, a bipartisan group of legislators introduced a resolution calling for Congress to keep budget deficits at no more than 3% of gross domestic product. Though not enough by itself to solve America’s fiscal problems, the proposal is a rare step in the right direction. It deserves strong support.
Artificial intelligence has made a lot of noise in the stock market lately, with bots from Alphabet Inc. and startups Anthropic and Altruist disrupting businesses from software to financial services.
Artificial intelligence doesn’t only threaten to put herds of software businesses out to pasture. Anthropic PBC’s schooling of its Claude models in financial modelling has also sent a cold shiver down the spines of bankers and analysts.
JPMorgan Chase & Co. and Morgan Stanley are among leading investment banks hesitating to provide a critical source of financing for US renewables projects.
The ex-Credit Suisse bankers behind Global Infrastructure Partners are best-known for building one of the world’s largest investment firms. Now they’re also forging something else: family offices.
It’s hard not to marvel at how America’s capital markets have rallied to finance the artificial intelligence boom. If all goes as expected, “hyperscalers” such as Meta Platforms Inc. will invest more than $3 trillion through 2030 in data and power infrastructure.
India will need favorable terms to enter into long-term liquefied natural gas purchase deals with the US as the market is highly price sensitive, according to the chief executive officer of the country’s top LNG importer.
