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The DOL reported : In the week ending June 17, the advance figure for seasonally adjusted initial claims was 264,000 , unchanged from the previous week's revised level. The previous week's level was revised up by 2,000 from 262,000 to 264,000. The 4-week moving average was 255,750, an increase of 8,500 from the previous week's revised average. This is the highest level for this average since November 13, 2021 when it was 260,000.
From WardsAuto: June U.S. Light-Vehicle Sales Pegged for 21% Gain; Q2 to Roll in at 2-Year-High 15.7 Million SAAR (pay content). Brief excerpt: Deliveries in the second quarter will total 4.1 million units, 18% above like-2022, and stronger than Q1’s 8% gain. First-half 2023 volume will total 7.67 million units, up 13% from January-June 2022’s 6.78 million. emphasis added Click on graph for larger image.
Source: FRED Wealth disparities get ever more lopsided the higher up the economic strata you climb; there is more disparity with the top 1% than the top 10%, but the biggest spreads are at the top 0.1% (and above). Consider the chart at top, created by Invictus via FRED. It shows “Share of Total Assets Held by the Bottom 50% ( red line ) versus the Share of Total Assets Held by the Top 0.1% ( green line ).
Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Danielle Hale: Weekly Housing Trends View — Data Week Ending June 17, 2023 • Active inventory growth slowed again, with for-sale homes up just 5% above one year ago. The number of homes for sale continues to grow, but the advantage over one year ago is shrinking and likely to slow in the months ahead.
The amount of distressed commercial real estate assets rose 10% in the first quarter and now amounts to $64 billion, according to MSCI Real Assets. Some owners are coughing up cash to buy time on their mortgages, reports The Real Deal. These are among the must reads from around the real estate investment world heading into the weekend.
From the NAR: Existing-Home Sales Edged Higher by 0.2% in May Existing-home sales marginally increased in May, according to the National Association of REALTORS®. Sales were mixed among the four major U.S. regions, with the South and West posting improvements and the Northeast and Midwest experiencing pullbacks. All four regions experienced year-over-year sales declines.
From the NAR: Existing-Home Sales Edged Higher by 0.2% in May Existing-home sales marginally increased in May, according to the National Association of REALTORS®. Sales were mixed among the four major U.S. regions, with the South and West posting improvements and the Northeast and Midwest experiencing pullbacks. All four regions experienced year-over-year sales declines.
Markets S&P 500 earnings estimates keep rising. (axios.com) Commercial real estate is the original alternative asset class. (savantwealth.com) Venture capital Venture capital firms are buying shares in the secondary market. (bloomberg.com) The sectors where seed investors are still putting money to work. (news.crunchbase.com) Fund management Investors are struggling with how to deal with China allocations.
With solid property fundamentals and plenty of potential demand, both institutional and high-net-worth investors have been working with firms that specialize in BTRs.
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.30 million SAAR in May; Median Prices Declined 3.1% YoY Excerpt: On prices, the NAR reported : The median existing-home price for all housing types in May was $396,100, a decline of 3.1% from May 2022 ($408,600). Prices grew in the Northeast and Midwest but fell in the South and West.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Third-party surveys are often relied on for valuation purposes; however, one must be cautious in their use when actual trades in the public market are confirming a value that is substantially different.
Books An excerpt from Hal Hershfield's book "Your Future Self: How to Make Tomorrow Better Today." (wsj.com) An excerpt from "Rich White Men: What It Takes to Uproot the Old Boys’ Club and Transform America" by Garrett Neiman. (fastcompany.com) An excerpt from Katerine Clark's book "Billionaires’ Row: Tycoons, High Rollers and The Epic Race to Build The World’s Most Exclusive Skyscrapers" by Katherine Clarke.
The “denominator effect” put institutions in a position where real estate allocations exceeded target levels, but observers expect that issue has begun to resolve itself as values of other investments have recovered.
A reader asks: My target date fund does a lot worse than SPY. Should I just move to an index fund for my 403(b)? The S&P 500 is the market we talk about the most frequently in the financial media so that’s the benchmark most investors use when trying to gauge performance. This is a mistake, especially if you are a diversified investor. Let’s look at an example to show why your targetdate fund might be unde.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
From STR: STR: U.S. hotel results for week ending 17 June U.S. hotel performance increased from the previous week, but year-over-year comparisons were mixed, according to STR‘s latest data through 17 June. 11-17 June 2023 (percentage change from comparable week in 2022): • Occupancy: 70.8% (-1.1%) • Average daily rate (ADR): US$159.82 (+2.6%) • Revenue per available room (RevPAR): US$113.17 (+1.5%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using t
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
Dooley launched the SPAC in 2021, with the goal of acquiring wealth management firms. It now plans to take Unifund, a consumer debt servicer, public in a $238 million deal.
The Conference Board Leading Economic Index (LEI) for May dropped to 106.7 from April's figure of 107.5. This is the index's lowest reading since July 2020. and the 14th consecutive monthly decline, the longest streak since 2009. Today's reading represented a 0.7% month-over-month decline, slightly higher than the forecast.
Also, contrary to popular belief that investment management has become commoditized, there was more demand for those services in 2022, while interest in financial planning dropped, according to a new study by the IAA and COMPLY.
The article aims to explore the possibility that changes in fundamentals play a role in the attenuation of stock market anomalies, offering an alternative explanation to the prevailing arbitrage-based explanation Fundamentals and the Attenuation of Anomalies was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Craig Savage shares his journey from Goldman Sachs to Credit Suisse, why joining William Blair ultimately won out over launching an RIA and how finding the right culture has enhanced his team’s growth.
Ford Motor Co. F is getting ready for another round of layoffs in the coming weeks, The Wall Street Journal reported, citing people familiar with the matter. The layoffs are expected to include mostly U.S. salaried workers, and would be one of several rounds at Ford in recent months. The number of people Ford plans to lay off in this latest round couldn’t be learned, the report said.
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
3M Co. MMM shares rallied in the extended session Thursday after the materials and chemicals company said it would pay $10.3 billion to settle claims it was responsible for so-called “forever chemicals” in drinking water. The nickname refers to per- and polyfluoroalkyl substances, or PFAS, a group of a synthetic chemicals that do not easily degrade in the environment.
A war of words between tech billionaires Elon Musk and Mark Zuckerberg has led to the two men challenging each other to a cage fight. The dispute has broken out after Facebook parent Meta Platforms Inc. META hinted it was planning to launch a social media platform that would be a direct rival to Twitter, which Tesla Inc.TSLA CEO Musk acquired last October for $44 billion.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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