Abnormal Returns
MARCH 24, 2023
The biz NPR is cutting four podcasts from its roster. (npr.org) AI could soon replace, for good, the radio DJ. (axios.com) Podcast network Maximum Fun is becoming a worker-owned co-op. (techcrunch.com) AI Patrick O'Shaughnessy talks with Avi Goldfarb about the disruptive effects of AI. (joincolossus.com) Derek Thompson talks with Charlie Warzel on what ChatGPT-4 is capable of.
The Reformed Broker
MARCH 24, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jill Schlesinger, and Downtown Josh Brown discuss the Fed decision aftermath, unlimited FDIC insurance for banks, the SEC’s crypto crackdown, banning TikTok, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
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Abnormal Returns
MARCH 24, 2023
Markets The stock market bottomed three years ago in the early days of the pandemic. (demystifyingmarkets.com) Financial stress has increased but is not at GFC-type levels. (econbrowser.com) Banks The banking crisis could play out in tighter credit for small and mid-sized businesses. (wsj.com) Why selling SVB has proven to be a difficult task. (theinformation.com) Further banking consolidation could create 'banking deserts.
Calculated Risk
MARCH 24, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Sabrina Speianu: Weekly Housing Trends View — Data Week Ending Mar 18, 2023 • Active inventory growth continued to climb with for-sale homes up 59% above one year ago. Inventories of for-sale homes rose, but at a slightly slower pace than last week’s gain, as new sellers on the market held back more.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Wealth Management
MARCH 24, 2023
No fewer than seven M&A deals were announced this week, while three new RIAs launched on industry platforms and three key hires were made in support of growth.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
MARCH 24, 2023
Note: The FOMC is projecting Q4-over-Q4 GDP growth of 0.0% to 0.8%. Here is a table of the low, middle and high FOMC projections for Q2 through Q4 based on the GDP tracking estimates below for Q1. Estimated FOMC Projection Q2 - Q4 Q1 Low 0.0% Middle 0.4% High 0.8% BofA 0.8% -0.3% 0.3% 0.8% Goldman 2.4% -0.8% -0.3% 0.3% GDPNow 3.2% -1.0% -0.5% 0.0% Based on the GDP tracking estimates, the FOMC's GDP projection for Q4-over-Q4 and the FOMC unemployment projections, many analysts pointed out that th
MarketWatch
MARCH 24, 2023
Marlboro cigarette parent Altria Group Inc. MO said it is considering expanding into non-nicotine offering, including cannabis and caffeine pouches, according to a report in The Wall Street Journal. Altria had said at its Investor Day Thursday that it targets at least 35% growth in U.S. smoke-free volumes by 2028, and to double total U.S. smoke-free revenue to $5 billion over the same time, with $2 billion coming from “innovative” smoke-free products, according to a FactSet transcript.
Integrity Financial Planning
MARCH 24, 2023
Going to museums can be a truly joyful experience that offers a wealth of cultural, historical, and artistic treasures. Here are some of the reasons why visiting museums can be such a rewarding experience. Cultural enrichment : Museums offer a unique opportunity to learn about different cultures and gain a deeper understanding of the world around us.
A Wealth of Common Sense
MARCH 24, 2023
I was always a saver growing up. Whenever I got money for birthdays, holidays, church stuff, my allowance, or summer jobs, I would sock it away. At first that was in a secret compartment in a wallet in the top drawer of my dresser. In high school, I finally opened up my first bank account. My first job was as a bus boy. I probably saved a thousand dollars that summer.
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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.
Trade Brains
MARCH 24, 2023
How Is The Opening Price Of a Share Determined : If you are new to the stock market, you might not know how is the opening price of a share determined. Why does the stock open at a specific price which is higher or lower than the previous day’s closing price? What determines this opening price if the stock market is closed? The Indian stock market works for five days from Monday to Friday.
Wealth Management
MARCH 24, 2023
Milemarker CEO Kyle Van Pelt, CEO discusses how advisors can avoid technological mistakes and create a seamless experience.
Wealthfront
MARCH 24, 2023
At Wealthfront, we work tirelessly to keep your savings safe. We know you’re saving for important life milestones and getting ready to invest, so it’s crucial that your money is well protected and available when you need it. That’s why our Cash Account offers up to $3 million in FDIC insurance through our partner banks […] The post How Wealthfront Offers $3M of FDIC Insurance appeared first on Wealthfront Blog.
Wealth Management
MARCH 24, 2023
De-risking the business is key to ensuring the client is left on financially solid ground post sale.
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.
Advisor Perspectives
MARCH 24, 2023
The latest Underlying Inflation Gauge full data set for February is 4.8% while the prices-only measure is 3.9%. Current Headline CPI is now 6.0% and Core CPI is 5.5%.
MarketWatch
MARCH 24, 2023
Deutsche Bank shares XE:DBK slumped 8% in Frankfurt trade on Friday, as worries over bank sector health focus on another global systemically important bank. Deutsche Bank’s 5-year credit-default swaps widened on Thursday, in what Reuters reported was the largest one-day rise in its history. Its AT1 bonds have tumbled in value after Switzerland wiped out Credit Suisse’s securities after the state-backed takeover by UBS.
Wealth Management
MARCH 24, 2023
Children received taxable gifts when they purchased property at discount.
MarketWatch
MARCH 24, 2023
Treasury yields plunged on Friday amid continued concerns about the global banking system, sending the policy-sensitive 2-year rate down by 18 basis points to 3.66% in morning trading. The yield is down more than 120 basis points over the past three weeks and headed for its biggest drop for such a length of time in more than 35 years. Meanwhile, the 10-year yield was down 11 basis points at 3.3% and poised for its biggest three-week plunge since March 2020.
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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.
Alpha Architect
MARCH 24, 2023
For anomalies that are risk-based, that is what we should expect to see because, while risk cannot be arbitraged away, cash flows can reduce the size of the premium. For the anomalies that are behavioral based, it appears that limits to arbitrage are still sufficient to allow them to persist post-publication. <strong>Institutional Investors’ Impact on Factor Premiums</strong> was originally published at Alpha Architect.
MarketWatch
MARCH 24, 2023
Resending to correct headline.Fed funds futures traders now see a 39% likelihood that the Federal Reserve will cut rates to between 3.75% and 4% by December — down from a current range of 4.75% to 5%. That view represents the most likely scenario they foresee as of Friday. Traders have moved away from the Fed’s own median expectation for a 5.1% fed funds rate by year-end amid ongoing concerns about the global banking system.
Calculated Risk
MARCH 24, 2023
From CoStar: STR: Weekly US Hotel Occupancy Inches Closer to 70% in Mid-March Helped by spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 March. March 12-18, 2023 (percentage change from comparable weeks in 2022, 2019): • Occupancy: 67.6% (+1.3%, -2.5%) • Average daily rate (ADR): $167.04 (+8.9%, +23.9%) • Revenue per available room (RevPAR): $112.89 (+10.4%, +20.8%) emphasis added The following graph shows the seasonal patter
MarketWatch
MARCH 24, 2023
World Wrestling Entertainment Inc. WWE on Friday said Executive Chairman Vince McMahon agreed to pay the pro-wrestling media giant around $17.4 million to cover costs the company took on related to a board committee investigation into allegations of sexual misconduct. “Such payment was made” on Thursday, WWE said in a filing. That agreement covered any costs incurred through Jan. 31 related to that investigation, as well as those related to “revisions to the Company’s financial statements and ot
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Calculated Risk
MARCH 24, 2023
Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in February A brief excerpt: The big story for February existing home sales was the sharp year-over-year (YoY) decline in sales, and also the rebound from the low level of sales in December and January. Also, active inventory increased sharply YoY, but is still historically low - and new listings are down YoY.
MarketWatch
MARCH 24, 2023
U.S. stocks ended a volatile week higher on Friday, a week that saw the Federal Reserve raise rates another 25 basis points and risks in the U.S. and European banking sectors remain in key focus. The Dow Jones Industrial Average DJIA rose about 132 points, or 0.4%, ending near 32,238, Friday, boosting its weekly gain to 1.2%, according to preliminary FactSet data.
Wealth Management
MARCH 24, 2023
Geneva-based Brainvest is expanding its offerings to assist a new generation of heirs who live around the world and sometimes spend beyond their means.
MarketWatch
MARCH 24, 2023
Activision Blizzard Inc. stock ATVI is up about 5% in premarket trades after the U.K.’s Competition and Markets Authority (CMA) said it remains on course for completing its review of the video game company’s proposed acquisition by Microsoft Corp. MSFT by the end of April. “We have now provisionally concluded that the merger will not result in a substantial lessening of competition in console gaming services because the cost to Microsoft of withholding Call of Duty from PlayStation would outweig
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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.
Discipline Funds
MARCH 24, 2023
This week’s chart of the week shows the S&P Regional Bank index performance year-to-date. The Index is down -27% this year and -34% from its high. Pretty big numbers. Banks are obviously getting a lot of the attention this year given the recent developments with SVB and some other regional banks. But are the banks actually causing the fire or are they merely a symptom of the fire?
MarketWatch
MARCH 24, 2023
Treasury Secretary Janet Yellen will convene a meeting of the Financial Stability Oversight Council Friday.FSOC comprises the heads of the nation’s top financial regulators, and was created in the wake of the 2008 financial crisis to enable the government to coordinate efforts at combating systemic risks to the U.S. economy. The announcement comes amid concerns over the health of the banking sector following the recent failures of Silicon Valley Bank and Signature Bank.
Advisor Perspectives
MARCH 24, 2023
February's new orders for manufactured durable goods came in lower than expected at $268.4B, a -1.0% decline from last month compared with the Investing.com 0.6% estimate. The series is up 2.2% year-over-year (YoY), the smallest yearly increase since September 2020. If we exclude transportation, "core" durable goods were unchanged from last month, worse than the Investing.com 0.2% estimate, and up 1.7% YoY.
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