An economic indicator the Federal Reserve favors as an inflation gauge rose less than expected in August, showing that the central bank's fight against higher prices is making progressThe personal consumption expenditures price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain...
Warren Buffett 's Berkshire Hathaway has been on fire this year with shares roaring back to a record on strong earnings, and this outperformance caused one analyst to urge caution about a slowdown in the stock. James Shanahan at Edward Jones downgraded Berkshire shares to a hold rating from...
A recent webinar brought together advisors and experts to talk about fee-based annuities. As it turns out, annuities have grown and are helping RIAs to meet demands. “Annuities have proven to be a more efficient means of generated income,” said Sam Dittberner, vice president and RIA relationship manager at Allianz. “When...
A view of a plastic model of a stomach during an interview with Doctor Thomas Horbach, specialist in surgery, visceral surgery and nutritional medicine on Novo Nordisk, which will start selling its hugely popular obesity drug Wegovy in Germany later this month, in Munich, Germany, July 17, 2023.Christine Uyanik...
Black Friday shoppers wait to enter the Nike store at the Opry Mills Mall in Nashville, Tennessee, on November 25, 2022.Seth Herald | AFP | Getty ImagesCheck out the companies making headlines in premarket trading.Nike — The sneaker behemoth added nearly 10% in premarket trading after a mixed earnings report....
While student loan debt is a concern for Americans of all ages, for those approaching retirement still burdened with repayments from their younger years is particularly worrying. A new report reveals that 13% of the 64 million Gen Xers in the U.S., roughly aged 42-58 years, have student loan debt...
Financial institutions are missing an important element of providing an effective service for clients from diverse backgrounds. Edward Jones asked attendees at its Diversity, Equity, and Inclusion Conference this week, including financial advisors, client support team members and home office associates, for their insights and found that 54% of client-facing...
The Securities and Exchange Commission further delayed its review of applications from BlackRock Inc., Invesco Ltd. and others seeking to list the first Bitcoin exchange-traded fund in the U.S. The regulator, whose three-part mandate includes investor protection, also postponed decisions on applications from Bitwise and Valkyrie, according to documents posted...
Yields on 30-year Treasuries are on track for their largest quarterly jump since 2009, stoking anxiety that the bond rout of the past few months could reverberate across financial markets. The long-bond yield has risen around 85 basis points since the end of June and touched about 4.81% Thursday, the...
BlackRock Inc. Chief Executive Officer Larry Fink said he’s open to more acquisitions, as the world’s largest asset manager increasingly seeks to position itself as a one-stop shop for investors. “I do see some very large opportunities for inorganic growth,” Fink told Bloomberg Television’s Dani Burger at the Berlin Global Dialogue forum...