Sat.Nov 19, 2022

article thumbnail

This Week on TRB

The Reformed Broker

We made some industry news this week with the hiring of Ritholtz Wealth Management’s first President. You can read about it at Investment News here. And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.

article thumbnail

Meet Queen Caroline and Other Characters in the Stunning Collapse of FTX

Mish Talk

Alameda Research CEO Caroline Ellison, image from Tweet below. Inside Sam Bankman-Fried’s Doomed FTX Empire The Wall Street Journal takes a look Inside Sam Bankman-Fried’s Doomed FTX Empire That's a free link. Here are a few snips. The emerging picture of what went wrong suggests the crypto empire was a mess almost from the start, with few boundaries, financial or personal.

License 227
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MiB: Marcus Shaw, CEO of AltFinance

The Big Picture

?. This week, we speak with Marcus Shaw, the chief executive officer and president of AltFinance , a $90 million initiative to encourage students at historically Black colleges and universities to pursue careers in the alternative investment industry. Prior to joining AltFinance, Shaw founded Montgomery TechLab, an organization to support inclusive economic growth in Montgomery, Alabama, and was CEO of The Company Lab (CO.LAB) in Chattanooga, Tennessee; he has also spent more than a decade work

Economics 144
article thumbnail

Real Estate Newsletter Articles this Week: Record Number of Housing Units Under Construction

Calculated Risk

At the Calculated Risk Real Estate Newsletter this week: • October Housing Starts: Record Number of Housing Units Under Construction • NAR: Existing-Home Sales Decreased to 4.43 million SAAR in October • 3rd Look at Local Housing Markets in October; California Sales off 37% YoY, Prices Fall; Early Read on October Sales • Lawler: Are US Rents Falling?

Numbers 113
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of Beanbox coffee, grab a seat on the couch, and get ready for our longer-form weekend reads: • The Glamour Of Sam Bankman-Fried Joshua : But that’s just market risk. It comes with the territory. Counter-party risk is something else. Being victimized is different than buying things that rise and fall. Being lied to, cheated and stolen from is another level.

More Trending

article thumbnail

These Are the Goods

The Irrelevant Investor

Articles Their job is not to avoid failure; it is to avoid missing out on the biggest success. (By Dror Poleg) The direction of the river is much more important than the strength of the swimmer (By Cullen Roche) In a bear market, belief in everything suffers. (By Packy McCormick) Behind every great company is a litany of infringements and encroachments (By Mario Gabriele) Bank reserves cannot consist of a bank’s own pa.

Banking 91
article thumbnail

How an Industry Built on Pollution Is Getting a Tiny Bit Greener—and Faster

Advisor Perspectives

The amount of time between aircraft as they land at Toronto Pearson International Airport might seem prosaic to the untrained eye, but there’s a lot more going on than pilots negotiating the gentle return to earth of hundreds of tons of metal.

98
article thumbnail

Asking Family or Friends to Invest in Your Business

James Hendries

Entrepreneurs who are starting a new business or expanding an established business are often advised to look to family members or friends when seeking financing for their venture. After all, who is more likely to have confidence in your ability to succeed and in your ability to turn a profit on their investment than the people closest to you? But, mixing business and personal matters can put you in some tight spots, potentially imperiling not only your professional prospects, but also your most

article thumbnail

S&P 500 Snapshot: Down 16.8% YTD

Advisor Perspectives

The S&P 500 has been out of bear territory for the last 7 business days and spent two of them with gains this week. The index is down 16.8% YTD and is 17.3% below its record close. The 10-year yield is now at 3.

97
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

article thumbnail

Schedule for Week of November 20, 2022

Calculated Risk

The key report this week is October New Home sales. For manufacturing, the Richmond Fed manufacturing survey will be released this week. -- Monday, November 21st -- 8:30 AM ET: Chicago Fed National Activity Index for October. This is a composite index of other data. -- Tuesday, November 22nd -- 10:00 AM: Richmond Fed Survey of Manufacturing Activity for November. -- Wednesday, November 23rd -- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase a

article thumbnail

U.S. Consumers Defy The Odds Ahead Of The Holiday Shopping Season

Advisor Perspectives

Despite stubbornly high inflation and recessionary fears, spending by consumers may not slow down as we approach the busy holiday shopping season.

59
article thumbnail

Saturday links: making good choices

Abnormal Returns

Autos EVs are becoming mainstream. (nytimes.com) The wrong people are driving EVs. (bloomberg.com) EVs require less labor to assemble. What Ford ($F) plans to do. (cnbc.com) Transport Why New York apartment buildings are banning e-bikes. (axios.com) How bike buses work. (reasonstobecheerful.world) Energy American LNG has bailed out Europe. (nytimes.com) Enel is planning to build a massive solar cell plant in the U.S.

article thumbnail

FTX Users Can’t Count on Help From the IRS

Advisor Perspectives

When market investors suffer losses — or get taken for a ride — they’re often eligible for a tax write-off to soften the blow. Users of the bankrupt crypto exchange FTX won’t be so lucky.

Taxes 52
article thumbnail

Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

article thumbnail

Twitter Spirals Into Decline and a Plague of Bots is Totally Out of Control

Mish Talk

Musk's Ultimatum Results in Mass Exodus On Thursday , Musk told his employees stay with the company “working long hours at high intensity” or quit with three months’ severance pay. So many quit that Musk closed the office until Monday. Please consider Musk’s ‘Hardcore’ Ultimatum Sparks Exodus, Leaving Twitter at Risk Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company’s new “hardcore” work environment or leave.

article thumbnail

Wall Street Economists Split on Whether Fed Cuts Rates in 2023

Advisor Perspectives

Wall Street’s biggest banks agree the Federal Reserve will hike US interest rates further into next year, but are at odds over how high it will take them and whether it will be cutting by the end of 2023.

Banking 52
article thumbnail

US Oil Futures Point to Oversupply for First Time This Year

Advisor Perspectives

The US crude market’s structure is signaling oversupply for the first time in almost a year, the latest indicator of the scale of the dramatic slump in the nearest section of the oil futures market.

article thumbnail

Big Tech Investors Are Done With 'Science Projects'

Advisor Perspectives

Slumping stock prices and slowing growth has the biggest technology companies — and investors — thinking about what it will take to reverse their fortunes.

52
article thumbnail

Transforming Lending: Understanding the Power of Digital Platforms

Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

article thumbnail

Battered Mutual Funds Saddle Investors With Big Capital Gains

Advisor Perspectives

Owning a mutual fund that’s down 20% or 30% is bad enough. Now, holders of many money-losing investments will be asked to pay capital gains taxes too.

Taxes 52
article thumbnail

Treasury Snapshot: November 18, 2022

Advisor Perspectives

The yield on the 10-year note ended November 18 2022 at 3.82%, the 2-year note ended at 4.51%, and the 30-year at 3.92%.

52
article thumbnail

Weighing Machine, Voting Machine

Advisor Perspectives

Two aspects of the financial markets operate simultaneously. Emphatically, they do not operate alternately, but simultaneously. One aspect is driven entirely by arithmetic. Every security is a claim to some long-term stream of cash flows that will be delivered to the holder, or series of holders, over time.

article thumbnail

What to Expect From Divided Government

Advisor Perspectives

A split U.S. Congress in 2023 will likely limit fiscal policy, but could be positive for equity markets.

article thumbnail

Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!