Technology is transforming financial services, allowing the ability for investments and planning to be more scalable than ever. In this session, Head of Product for Goldman’s Personal Financial Management business, Cynthia Loh, will discuss what the firm is doing to enhance client web and mobile apps to better serve advisors so they can help clients
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Sharing is Caring! by confoundedinterest17 Slip slidin’ awaySlip slidin’ awayYou know the nearer the midterm electionsThe more you’re slip slidin’ away As Bill Clinton once said about elections, “It’s the economy, stupid.” Which is bad news for Biden and Democrats after Q1’s bad GDP report of -1.6% “growth”, we now see the Atlanta Fed’s real-time GDP report for
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The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the U.S. Immigrations and Customs Enforcement (ICE). Coinbase Responds to Reports of It Selling Customer Data to U.S. Government Cryptocurrency exchange Coinbase came under fire last
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The fact that gold has stayed strong despite the temporary spike in the USD speaks volumes… by Matthew Piepenburg via Gold Switzerland If you think the current market disaster hurts; it’s gonna get worse despite recent dead cat bounces in U.S. equities. The Big 4: Dead Bonds, Rising Yields, Tanking Stocks & Stagflation For well
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When evaluating stocks, most investors are familiar with fundamental indicators such as the price-to-earnings ratio (P/E), book value, price-to-book (P/B), and the PEG ratio. Also, investors who recognize the importance of cash generation use the company’s cash flow statements when analyzing its fundamentals. They acknowledge that these statements offer a better representation of the company’s
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Grayscale Investments said it had sued the SEC after the agency rejected a bid to convert its Bitcoin trust into an exchange-traded fund.  CEO Michael Sonnenshein tweeted late Wednesday that Grayscale was suing the regulator and the company said it had filed a lawsuit in U.S. Court of Appeals for the D.C. Circuit. The SEC on Wednesday denied the
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Bear markets can be emotionally fraught times, as investment balances fall, and the economy slows. Potential concerns over layoffs and budget cutbacks often also rear their head. It can certainly be tempting to cut your contributions to retirement funds to attempt to avoid further losses, or warehouse cash positions to invest when things “get better”,
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A new fund dedicated to advancing social equity and led by an NBA veteran and a leading municipal firm is moving into New York State’s growing cannabis industry. Social Equity Impact Ventures, LLC, a premier minority-led investment team, will sponsor and manage the New York Social Equity Cannabis Investment Fund. This first-of-its-kind $200 million fund will be
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The broad-based selling continued in the commodity markets this week, where “inflation worries” have shifted to “recession fears.” Looking back through several trading journals of mine, I can tell you that volatility operates at its highest in a deflationary/recession-type environment. Financial conditions will continue to deteriorate until the Fed pauses/pivots dovish, with corporate profits, growth,
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Three Arrows Capital has filed for bankruptcy in the US, highlighting the scale and reach of the prominent crypto investment firm’s borrowings across the industry before it collapsed into liquidation this week. The Chapter 15 bankruptcy filing in Manhattan federal court late on Friday came just days after Three Arrows was pushed into liquidation in
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Artificial intelligence has the potential to forever change financial services. And now more than ever, advisors seem ready to move in lockstep with the shift. The attitudes, opportunities and barriers related to AI in wealth management were the focus of recently published research from consulting firm Accenture. Their “AI in Wealth Management” survey polled 500
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Sharing is Caring! by Martin Armstrong French President Emmanuel Macron pulled US President Joe Biden aside at the G7 summit to explain a few basic facts. Biden has been demanding Middle Eastern nations ramp up their oil and gas production to help offset the energy crisis his administration has created. It’s ok to drill and
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Bitcoin (BTC) failed to reclaim recent losses into July 2 as traders prepared for stagnant price action to continue. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Downtrend acceleration” still in force Data from Cointelegraph Markets Pro and TradingView tracked a limp BTC/USD as it chopped around the $19,000 mark into the weekend. The Wall Street
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