United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – A record deal between the United Auto Workers and General Motors has been ratified by a majority of workers, according to voting results posted Thursday...
High mortgage rates continue to weigh on the nation's homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon.Homebuilder sentiment fell six points to 34 in November on the National Association of Home...
A Project Kuiper engineer conducts network testing as prototype satellites pass over McAllen, Texas.AmazonA little over a month after launch, Amazon on Thursday announced its pair of prototype internet satellites were fully successfully in operations and testing."We were able to validate everything and get all the data that we...
Gabriel GarciaManaging Director, RIA Client Experience, Business Development and Strategy The path to growth for financial advisory firms is multifaceted. It requires a keen understanding of the shifting demographic landscape, a balanced focus on client acquisition and retention, and a commitment to leveraging technology and innovation. Additionally, preparing for future...
Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded stocks in his personal account before the conglomerate made moves in the same securities.Munger, 99, told CNBC's Becky Quick in an interview that the idea that Buffett was front-running...
Singapore's F1 Grand Prix in 2022. 2022.Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesTake an elite field of world-class racing experts. Ask them to spend fewer dollars toward beating their bitter rivals. The result, it turns out, is a slate of newly investable assets.That's how the...
Savant Wealth Management has added another large-AUM firm to its growing list of acquisitions in 2023. The company has acquired Bridgeworth Wealth Management, a woman-led registered investment advisory firm with offices in Birmingham and Huntsville, Alabama, with 58 employees and approximately $2.2 billion AUM. The deal is Savant’s second largest...
There’s a shift towards a non-AUM fee model for advisory services, according to financial planning workflow platform AdvicePay. The firm, founded in 2018 by financial advisors Michael Kitces and Alan Moore, has just surpassed 1 million financial planning fee transactions on its platform and says that reflects demand for non-AUM...