The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Investors Put $538 Billion Into Cash Funds Over Eight Weeks - BofA

Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of SVB.

Why Warren Buffett Doesn't Think he Could Run the Fed as Well as Jay Powell: Morning Brief

Berkshire Hathaway CEO Warren Buffett is many things. But in his view a successful leader of the Federal Reserve is likely not one of them.

Retail Investors are Sitting on Heavy Losses Despite a 2023 Stock Rally

Stocks have rebounded from a tough 2022, but retail traders are still feeling the pain.

Amazon Launches its ChatGPT Rival, Bedrock

Amazon has launched its ChatGPT rival, Bedrock, which will function similarly to the immensely popular OpenAI-developed chatbot.

As Shadow Lenders Prep for Real Estate Push, Offices Are in Focus

(Bloomberg) - Shadow lending firms are preparing to push into commercial property financing as regional banks — wounded from the blowup of Silicon Valley Bank — beat a retreat.