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From the BLS : Total nonfarm payroll employment rose by 517,000 in January, and the unemployment rate changed little at 3.4 percent , the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in government, partially reflecting the return of workers from a strike.
This was a strong report, and the revisions show job growth was stronger over the last year than originally reported. With revisions: The 4.81 million jobs added, 2022 was the 2nd best year for job growth in US history behind only 2021 with 7.27 million. The headline jobs number in the January employment report was well above expectations, and employment for the previous two months was revised up by 71,000, combined.
This week, Orion announced they were making it easier for those in need of free financial planning to find help, TIFIN and Morningstar partnered to enhance their AI-powered distribution platform and eMoney responded to recently-passed legislation with tax planning upgrades.
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
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jason Hsu, and Downtown Josh Brown discuss the latest FOMC meeting, the Chinese market, hard vs soft data, the housing market, earnings for Apple, Amazon, and Google, the Adani rout, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. rail traffic started January 2023 with both discouraging and encouraging aspects. On the encouraging side, total U.S. carloads rose 2.2% in January 2023. January 2022 was the worst January for total carloads in our records that begin in 1988.
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. rail traffic started January 2023 with both discouraging and encouraging aspects. On the encouraging side, total U.S. carloads rose 2.2% in January 2023. January 2022 was the worst January for total carloads in our records that begin in 1988.
INTRODUCING… the Future Proof Webcast! Once a month, John & I will feature some of the biggest names and the best guests to discuss the most entertaining and relevant topics in the financial services industry. To kick off the debut episode, we will be joined by three of the smartest macro investors in the industry! Join us live with Marta Norton of Morningstar and Jay Pelosky of TPW, as we sit down with Future Proof’s own John Swolfs to discuss: Can’t attend the vent?
The trend of acquiring smaller firms continued in the RIA space this week. Steward Partners, Wealth Enhancement Group, Mission Wealth, Emigrant Partners, Mariner Wealth Advisors, Slate Hill Partners and Buckingham Strategic Wealth all got in on the action as more than $1 billion in assets changed hands.
In their 1961 paper, “Dividend Policy, Growth, and the Valuation of Shares,” Merton Miller and Franco Modigliani famously established that dividend policy should be irrelevant to stock returns. As they explained it, at least before frictions like trading costs and taxes, investors should be indifferent to $1 in the form of a dividend (causing the stock price to drop by $1) and $1 received by selling shares.
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.
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders A brief excerpt: Note from Bill McBride: The data below via Tom Lawler illustrates the point I’ve made about the Census Bureau overstating sales when cancellation rates are rising. From housing economist Tom Lawler: Below is a table of net home orders (gross orders less sales cancellations) of selected publicly-traded home builders for last quarter compared
According to a recent Lending Club report , 64% of Americans lived paycheck-to-paycheck in December 2022, up from 61% a year earlier. Also, one-third of American consumers report not saving any money. But what does it mean to live paycheck-to-paycheck, and how does a person break the cycle? In this article, I’ll answer that question, but I’ll also show you how to save $1000 while living paycheck-to-paycheck, so you can begin to live within your means.
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.
While the ARK Innovation ETF (ARKK), has jumped 42% this year — more than twice as much as the Nasdaq 100 — the fund is still down more than 70% from its peak two years ago.
A few weeks ago we were at my kid’s favorite playground and I noticed something about all of the other parents there — they were all playing with their kids. All of the other millennial parents were chasing around their kids, making sure they didn’t fall and hurt themselves or just generally keeping them entertained. This seems like a new-ish development.
GTS Securities is partnering with JKBX, a royalties technology platform also known as Jukebox, to make investing in music rights accessible to the general public.
The Pentagon's press secretary declined to give many details on the Chinese spy balloon that is over the U.S. during a press briefing Friday. "I can tell you that the balloon continues to move eastward and is currently over the center of the continental United States," said the spokesman, U.S. Air Force Brig. Gen. Patrick Ryder. When asked about shooting down the balloon, as some Republican lawmakers have suggested, Ryder would only say officials are reviewing options.
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.
The trend of acquiring smaller firms continued in the RIA space this week. Steward Partners, Wealth Enhancement Group, Mission Wealth, Emigrant Partners, Mariner Wealth Advisors, Slate Hill Partners and Buckingham Strategic Wealth all got in on the action as more than $1 billion in assets changed hands.
President Joe Biden on Friday hailed stronger-than-expected job creation in January and called the robust reading proof that the U.S. economy is showing strength. Biden said in a statement at the White House: "I'm happy to report that the state of our union, and the state of our economy, is strong." Biden spoke after the U.S. reported that the number of new jobs created in January rose by 517,000, marking the biggest gain in six months.
The Federal Trade Commission is preparing a possible antitrust lawsuit against Amazon.com Inc. , the Wall Street Journal reported Friday, citing people familiar with the matter. The suit could challenge many of the tech giant's business practices as being anticompetitive, the people said. Amazon officials have not yet had meetings with FTC commissioners to argue against any suit, but the agency has been reviewing the company's practices to determine whether it favors its own products over compet
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.
It’s officially 2023, and the travel restrictions brought on by 2020’s global pandemic are now a thing of the past. Families and individuals across the globe are again dipping their toes into the world of travel. If you’re due for a vacation but are looking to avoid breaking the bank or lingering in big tourist crowds, these bargain destinations may be for you.
Bank of America Corp. BAC said in a filing late Friday that its board has approved a 6.3% cut on Chief Executive Officer Brian Moynihan’s pay in 2022. Moynihan receives $30 million, compared with a 2021 total compensation of $32 million, the bank said. The board “acknowledged the company’s continued success in 2022 and Mr. Moynihan’s leadership under this operating model particularly in this period of considerable economic uncertainty,” the bank said in a SEC filing.
On my flight to meet with internal auditors at their company’s annual IA conference, I sat next to a partner in the advisory practice of Deloitte. He helps the finance organizations of his clients in a number of interesting ways, including process engineering.
The Pentagon said the U.S. military considered shooting down the Chinese spy balloon that's over the continental U.S. "That was an option," said a Pentagon spokesman, U.S. Air Force Brig. Gen. Patrick Ryder, during a press briefing Friday. "Because we assess that it currently does not pose a physical or military risk to people on the ground, for now we're continuing to monitor and review options.
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?
With the new year in full swing, tax season is just around the corner. Filing federal income taxes can be a long and complicated process, and mistakes are bound to happen here and there. As many of us know, these small mistakes can cost you big in tax returns and penalties. That’s why it never hurts to brush up on the basics involved with filing your taxes.
The U.S. State Department has postponed Secretary of State Antony Blinken's trip to Beijing after American officials said they had found a Chinese spy balloon above the continental U.S., according to multiple published reports. China's Foreign Ministry said Friday that the balloon the U.S. suspects of conducting surveillance was a civilian “airship” used for research, mainly meteorological purposes.
USA Today publisher Gannett Co. Inc. GCI said Friday it has used the proceeds of real estate sales totaling $21.3 million in January to reduce first lien debt by $22.3 million. The McLean, Va.-based company said about $5 million of the proceeds went to repurchase about $6.1 million of 6.00% first lien notes due Nov. 1, 2026, at a discount to par. The remaining $16.3 million went to repay some of its five-year senior secured term loan facility.
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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