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Warsh’s Return Revives Tensions Over the Fed’s $6.6 Trillion QE Hangover
As Trump mulled his choice for Fed Chair the debate in markets swirled around whether pick would lower interest rates as aggressively as he preferred.
Microsoft’s $381 Billion Rout Exposes Dark Side of the AI Binge
(Bloomberg) - Wall Street’s apprehension about the cost of developing artificial intelligence technology has been simmering beneath the surface of the stock market for months. Now it’s starting to boil over.
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Pacific Palisades Ablaze: The ETFs Smart Advisors Are Buying to Disaster-Proof Portfolios
As smoke billows over the exclusive Pacific Palisades neighborhood of Los Angeles, wealth advisors nationwide are taking note.
Treasury Yield Surge Reflects Expectations Of More Long-Term Debt
Longer-term U.S. Treasury yields have surged to multi-month highs, outpacing a rise in shorter-dated yields.
Merrill Lynch Expanding Efforts To Serve High Net Wealth Clients
Merrill Lynch is expanding its efforts to support advisors in serving ultra high-net-worth clients, a highly profitable segment for Bank of America.
Stocks Are Priced For 'Perfection' And More Vulnerable To A Correction
A perfect, money-making market backdrop may not continue for much longer as investors digest rising bond yields, bloated valuations and uncertainty.