The Big Picture

OCTOBER 12, 2023

In August of 2022, I explained how Amazon became ordinary. Today I want to discuss how they have become bad. Since I first discussed the companies that lost my affection during the pandemic nearly two years ago, Amazon continues to stand out as delivering an ever-worsening set of experiences. I wanted to wait until after the (faux retail holiday) Prime Day(s) ended before sharing a few tales of further (to use Cory Doctorow’s phrase) “ Enshittification.” There are many problem

Advertising 328

Advertising Retail Accounting 328

Abnormal Returns

OCTOBER 12, 2023

Books Walt Hickey talks with Taylor Lorenz author of "Extremely Online: The Untold Story of Fame, Influence, and Power on the Internet." (numlock.com) A Q&A with Tom Wheeler author of "Techlash: Who Makes the Rules in the Digital Gilded Age?" (vox.com) Annie Duke talks with Jay Van Bavel co-author of "The Power of Us: Harnessing Our Shared Identities to Improve Performance, Increase Cooperation, and Promote Social Harmony.

235

235

The Big Picture

OCTOBER 12, 2023

My morning train WFH reads: • Here’s What We Do and Don’t Know About the Effects of Remote Work. Three years into a mass workplace experiment, we are beginning to understand more about how work from home is reshaping workers’ lives and the economy. ( New York Times ) • The economy has been strong. Why are economists so eager to predict it will tank?

Ethics 130

Ethics Economy Financial Services Management 130

Discipline Funds

OCTOBER 12, 2023

Here’s a Tweet (do we still call them Tweets?) from Paul Krugman which is getting a lot of flak. As I noted last month, he’s mostly right, but just explaining this in a bad way. After all, if you strip out most of the things people need in everyday life then yes, inflation is low. Heck, if we just stripped out everything from the index then inflation is 0%.

Economy 119

Economy Distribution 119

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

Advisor Perspectives

OCTOBER 12, 2023

The Consumer Price Index for Urban Consumers (CPI-U) released for September puts the year-over-year inflation rate at 3.70%. The latest reading keeps inflation below the 3.75% average since the end of the Second World War for the fourth straight month. However, inflation remains above the 10-year moving average which is now at 2.70%.

115

115

Trade Brains

OCTOBER 12, 2023

KPIT Technologies Vs Tata Elxsi : Who doesn’t like Nature? The greener the better we feel, breathe, and freshness. Embracing ourselves with nature will benefit our livelihood for good. Climate Change has wreaked havoc across the world and Companies are moving towards a greener future by adopting Solar, Thermal, and Nuclear as a source of energy replacing fossil fuels.

Planning 105

Planning Engineering Healthcare Manufacturing 105

Wealth Management

OCTOBER 12, 2023

The founders of Beverly Hills Private Wealth discuss their motivations to leave Merrill, their transition to independence and experience as one of the first RIAs to choose Goldman Sachs Advisor Solutions as their custodian.

107

107

Trade Brains

OCTOBER 12, 2023

WomenCart IPO Review : WomenCart is coming up with its Initial public offering. This is an SME (small and medium-sized enterprise) which is going to be listed on NSE SME. The IPO will be open for subscription on 16th October 2023 and closes on 18th October 2023. This article will provide a comprehensive WomenCart IPO Review, including an in-depth analysis of the company’s financials and the strengths and weaknesses of WomenCart.

B2B 104

B2B Manufacturing Retail Sales 104

Wealth Management

OCTOBER 12, 2023

Funds targeting opportunistic and value-add situations are sitting on billions and waiting for deals to materialize, reports Bisnow. Several real estate associations sent a letter to Fed Chair Jerome Powell asking for a stop in rate hikes. These are among the must reads from the real estate investment world to wrap up the week.

Investing 103

Investing Investments 103

Advertisement

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.

Banking

Calculated Risk

OCTOBER 12, 2023

With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2024. From Social Security: Social Security Announces 3.2 Percent Benefit Increase for 2024 Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2 percent in 2024 , the Social Security Administration announced today.

Retirement 100

Retirement Taxes 100

A Wealth of Common Sense

OCTOBER 12, 2023

Kevin Young joined me again this week to discuss questions ranging from expected returns in corporate bonds, the best month to invest a lump sum, setting up an account to pay for your child’s healthcare costs, where pensions fit into a financial plan and how to allocate assets from life insurance. Further Reading: Income Alpha 13% per year might sound like a lot but that’s an increase of $180 the first year (.

Healthcare 101

Healthcare Financial Planning Insurance Accounting 101

NAIFA Advisor Today

OCTOBER 12, 2023

Are your small and mid-size business clients having trouble attracting and keeping key employees? Jordan Skog , J.D., CLU, ChFC, CFP, Senior Advanced Market Consultant at Allianz Life , has some great ideas for using Indexed Universal Life products in compensation strategies that are uniquely appealing to highly sought key employees.

CFP 98

CFP Consulting Clients Marketing 98

Tobias Financial

OCTOBER 12, 2023

The Latino community is making significant strides in the U.S. economy, with projections indicating a remarkable growth in purchasing power over the next few years. While this progression is noteworthy, it’s essential to recognize the challenges faced by Latino individuals in achieving financial stability. Despite the positive statistics, disparities in income, workplace discrimination, and lower inheritance rates persist, impacting long-term wealth accumulation.

Financial Planning 98

Financial Planning Planning Wealth Accumulation Strategic Planning 98

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.

Financial Advice

Validea

OCTOBER 12, 2023

Market timing is extremely difficult, evidenced by Stanley Druckenmiller’s conviction last year to short the dollar, only to be taken aback when the dollar index rose more than 2%. An August report from Morningstar reiterates how hard market timing can be, and shows the wide discrepancy between investment funds’ total returns and the average returns that investors actually receive, cites an article in the Financial Times.

Marketing 98

Marketing Marketing Investing Investments 98

Integrity Financial Planning

OCTOBER 12, 2023

Some people can’t stand the cold of winter. They’ll do anything to get away from it. If you are retired and you’re looking for a winter escape, check out these possible destinations. Each one has warmth, beauty, and ample opportunities for relaxation and exploration. Hawaii, USA Hawaii, the tropical paradise of the United States, is an ideal winter getaway for retirees.

Financial Planning 97

Financial Planning Retirement Planning Retirement Planning 97

Wealth Management

OCTOBER 12, 2023

The founder of law firm Kelley Hunt & Charles discusses legal changes in the way we do business and perspectives on diversity and inclusion.

111

111

Advisor Perspectives

OCTOBER 12, 2023

Amazon.com Inc.’s next big thing might be lurking in the expensive supply chain apparatus that’s helped transform its e-commerce business into a juggernaut.

97

97

Advertisement

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.

Banking

Wealth Management

OCTOBER 12, 2023

Sid Yenamandra's new company, RegVerse, has introduced its first product, Avery, a generative AI regulatory technology.

117

117

The Irrelevant Investor

OCTOBER 12, 2023

Today’s Compound and Friends is brought to you by the iShares Semiconductor ETF: See here to learn more about iShares Semiconductor ETF On today’s show, we discuss: The new kings of Wall Street aren’t banks. Private funds fuel corporate America Wall Street isn’t sure it can handle all of Washingtons bonds Listen here: Charts: Recommendations: The Prestige Tril.

Banking 89

Banking 89

Wealth Management

OCTOBER 12, 2023

The program offers advisors a unique opportunity to support student-athletes in understanding and navigating decisions around their new income.

110

110

Advisor Perspectives

OCTOBER 12, 2023

The latest Underlying Inflation Gauge full data set for September is 2.9%, down 0.1% from last month, while the prices-only measure is 2.2%, down 0.2% from last month. Current Headline CPI is now 3.7% and Core CPI is 4.2%.

69

69

Advertisement

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

Accounting

Wealth Management

OCTOBER 12, 2023

Quotient Wealth Partners, a new RIA created by other Goldman PFM defectors, adds more advisors, as does Meridian and Advisors Capital.

111

111

Advisor Perspectives

OCTOBER 12, 2023

In the week ending October 7, initial jobless claims were unchanged from the previous week's revised figure. Initial jobless claims were at a seasonally adjusted level of 209,000, lower than the forecast of 210,000.

64

64

Wealth Management

OCTOBER 12, 2023

Carefull, the the financial monitoring and collaboration technology, helps families and advisors protect aging seniors.

107

107

Advisor Perspectives

OCTOBER 12, 2023

Headline inflation was unchanged in September while core inflation continued to cool. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index held steady at 3.7% year-over-year, which was slightly higher than the expected 3.6% annual increase. The core CPI reading was consistent with expectations at 4.1%, a slow down from 4.3% in August.

64

64

Advertisement

Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.

Communication

Wealth Management

OCTOBER 12, 2023

Lessons learned to help companies avoid missteps when changing their technology stacks.

117

117

Advisor Perspectives

OCTOBER 12, 2023

Fiduciary September just concluded. To generate further awareness, my organization, the Institute for the Fiduciary Standard, produced eight panels with 22 speakers.

64

64

Wealth Management

OCTOBER 12, 2023

Workers in the US are increasingly concern about potential cuts to Social Security benefits in the coming decade.

105

105