Abnormal Returns
MAY 11, 2023
Markets What's the best asset to hold during a recession? (morningstar.com) If you invest in stocks there are going to be extended periods of poor performance. (bestinterest.blog) Companies Disney+ ($DIS) shed 4 million subscribers in Q1. (variety.com) How fast is Starbucks ($SBUX) growing outside the U.S.? (investmenttalk.co) What Google ($GOOGL) has going on in AI.
The Reformed Broker
MAY 11, 2023
Final Trades: P&G, Terreno Realty, Toast & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Big Picture
MAY 11, 2023
SAVE THE DATE: Future Proof 2023, September 10-13 We hosted the first Future Proof conference last year, and it was quite delightful (see all of the reviews here ). This year, we are upping the ante, with more guests speakers, more live podcast recordings, and more fun! I think for RIAs, it is the most important conference event of the year, as do others ( Best Conference Experience for 2023 ).
Calculated Risk
MAY 11, 2023
The DOL reported : In the week ending May 6, the advance figure for seasonally adjusted initial claims was 264,000 , an increase of 22,000 from the previous week's unrevised level of 242,000. This is the highest level for initial claims since October 30, 2021 when it was 264,000. The 4-week moving average was 245,250, an increase of 6,000 from the previous week's unrevised average of 239,250.
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.
A Wealth of Common Sense
MAY 11, 2023
A reader asks: Big fan of The Compound from Japan! My mother (59 yo now and will be retiring in 8 years) is one of those people who doesn’t believe in putting money in the stock market because she’s afraid to “lose it all” – there are a lot of people in Japan who are still traumatized from the stock market bubble collapse in the early 90s.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MAY 11, 2023
Blackstone is in talks with regional banks on forming a partnership to funnel loans to the private equity giant, reported the Financial Times. Starwood REIT has shaken up its leadership team, according to CoStar. These are among the must reads from around the real estate investment world to end the week.
Calculated Risk
MAY 11, 2023
From the MBA: Mortgage Delinquency Rate in First-Quarter 2023 Declines to Second-Lowest Level in MBA’s Survey The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56 percent of all loans outstanding at the end of the first quarter of 2023, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
Wealth Management
MAY 11, 2023
A lot can be learned listening to clients’ experiences with financial advisors—good and bad. We talked to Mahesh Eswar of Princeton, N.J., an executive at a tech consulting company.
NAIFA Advisor Today
MAY 11, 2023
During Disability Insurance Awareness Month , InsuranceNewsNet features an article from NAIFA member Rick Cordaro, DIA, DIF, LUTCF®. In the article, Rick shares insights into the intricacies of protecting gig economy workers with disability insurance.
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.
Wealth Management
MAY 11, 2023
HSBC and Scotia will pay $15 million and $7.5 million and acknowledge their supervision failures violated record-keeping rules, while the SEC said the case was a reminder for firms to self-report disclosure lapses.
Advisor Perspectives
MAY 11, 2023
The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.
Wealth Management
MAY 11, 2023
FP Transitions CEO Brad Bueermann discusses key aspects of M&A and succession, the most important factors around multiples, valuations, and maximizing enterprise value, and more.
MarketWatch
MAY 11, 2023
Shares of Blue Bird Corp. BLBD rallied 12.6% after hours on Thursday after the school-bus manufacturer raised its sales outlook, said a turnaround plan was “ahead of schedule” and reported fiscal second-quarter results that beat expectations. The company boosted its full year-sales outlook to just over $1.1 billion, compared with FactSet estimates for $1.018 billion and a forecast in February for “just over” $1 billion.
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.
Wealth Management
MAY 11, 2023
Contrary to the current media narrative, certain real property segments—namely multifamily—have and continue to demonstrate solid performance.
Discipline Funds
MAY 11, 2023
One of our big themes for this year was that it would be the “year of disinflation” That is, a falling rate of positive inflation. And so far that appears to be dead on. The latest headline CPI came in at 4.9% which is well off the 2022 high of 8.9%. Despite this the Core CPI (minus food and energy) is still far too high at 5.5%. While inflation is trending in the right direction it’s still well above the Fed’s target rate of 2%.
Calculated Risk
MAY 11, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending May 6, 2023 • Active inventory was up at a slower pace, with for-sale homes up just 31% above one year ago. The number of homes for sale continues to grow, but compared to one year ago, the pace is slowing. • New listings–a measure of sellers putting homes up for sale–were down again this week, by 16% from one year ago.
Wealth Management
MAY 11, 2023
On day one of DeVoe & Co.’s Elevate conference, attendees were told to channel "Kung Fu Panda" and be more like Starbucks.
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.
Good Financial Cents
MAY 11, 2023
In response to a wave of scam calls plaguing WhatsApp users, the popular messaging company has issued a statement outlining its efforts to combat the fraudulent activities. The scams involve individuals receiving calls from fake international numbers , causing concern and confusion among users. WhatsApp has implemented spam detection technology to identify and take action against accounts engaging in suspicious behavior related to spamming activities.
Wealth Management
MAY 11, 2023
Backers argue that the segment of the multifamily market is underserved and likely to generate healthy returns amid economic uncertainty.
Million Dollar Round Table (MDRT)
MAY 11, 2023
By Antoinette Tuscano, MDRT Content Specialist You’re missing connecting with prospective — and even existing — clients if your marketing messages are only about how you do something better, faster or cheaper. Instead, communicate like some of the most successful leaders and companies. Talk about your why. Why do you care? Why are you truly in business?
Wealth Management
MAY 11, 2023
Frank Holding Jr. and his extended family have seen the value of their stake double to about $2.2 billion after buying Silicon Valley Bank’s assets out of bankruptcy.
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!
The Irrelevant Investor
MAY 11, 2023
Today’s Compound and Friends is brought to you by Global X: Thanks to Global X for sponsoring this episode! See here for more information on Global X ETF’s thematic strategies. On today’s show, we discuss: This guy is the next Warren Buffet The Fed should be less transparent PacWest stock plunges 30% after losing 9.5% of deposits last week Banks with the most uninsured deposits Property owners may soon.
Wealth Management
MAY 11, 2023
At least eight deals were announced in the RIA space this week, along with five key hires.
MarketWatch
MAY 11, 2023
Tesla Inc. TSLA Chief Executive Elon Musk says he’s found a CEO to run Twitter Inc., and “she” starts soon. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk tweeted Thursday afternoon. “My role will transition to being exec chair & [chief technology officer], overseeing product, software & sysops.
Wealth Management
MAY 11, 2023
The transaction means immediate financial relief, allowing CI Financial to pay down some of the debt it accumulated when it acquired dozens of wealth management offices across the US.
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.
MarketWatch
MAY 11, 2023
The Bank of England on Thursday lifted interest rates for the 12th consecutive meeting, taking rates up by a quarter point to 4.5%. The 7-to-2 vote was expected. One key change in the statement was its new view that the U.K. will avoid recession. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Random Roger's Retirement Planning
MAY 11, 2023
Charlie Bilello Tweeted about portfolio diversification saying "if you have a diversified portfolio, you will always have something that is underperforming." This is a point I have been making since I started blogging. If everything goes up together, it will probably go down together. Because I think it is related, there is no strategy, fund, stock or whatever that can always be the best.
MarketWatch
MAY 11, 2023
Krispy Kreme Inc.’s DNUT stock rose 2.8% in premarket trades after the doughnut maker beat analysts’ top line and bottom line estimates in its first-quarter results, released before market open. The company reported net income of $1.6 million, or breakeven earnings, compared with net income of $6.5 million and earnings of 2 cents a share in the same period last year.
Expert insights. Personalized for you.
193 
Let's personalize your content