Inside Jack Schlossberg's Trust Fund Amid Political Campaign
(hellomagazine) - Jack Schlossberg, the only grandson of former president John F. Kennedy, has disclosed his finances to the House of Representatives amid his bid to win a seat in Congress in the upcoming election. He is the youngest son of JFK's daughter, Caroline Kennedy, and her husband, Edwin Schlossberg.
For Many Americans, Fear Of Going Broke In Retirement Outweighs Fear Of Death
(Yahoo! Finance) - Is running out of money a scarier prospect than your own death?
If you said yes, you have plenty of company.
Nearly 7 in 10 Americans worry more about running out of money than dying, according to new data from Allianz. That’s sharply up from the 57% who felt that way four years ago.
MIT Professor Says Most Americans Using AI For Financial Advice Are Doing It Wrong
A growing share of U.S. households is incorporating artificial intelligence into financial decision-making, creating both an opportunity and a challenge for registered investment advisors (RIAs). Recent industry research indicates a rapid acceleration in adoption: within a single year, the percentage of individuals using AI tools to assist with personal finance decisions has surged dramatically. This shift signals a meaningful change in how clients gather information, evaluate options, and form expectations about advisory relationships.
JPMorgan Says Firms Avoid Raising Forecasts Due To War Concerns
(Bloomberg) - Doubts triggered by the Middle East conflict are feeding into US earnings, with some companies refraining from increasing forecasts despite a strong start to the year, according to strategists at JPMorgan Chase & Co.
The clearest pressure points are in industries directly exposed to the war’s effects, with airlines, transport companies and manufacturers facing a hit from rising oil prices, the team led by Dubravko Lakos-Bujas said in a client note.