News > Financial Services

The Markets Are Volatile. The Fed Can Live With That.
For most of the past decade, as the economy has struggled to recover from the Great Recession, every time there’s been significant market volatility, every time the data have printed even a little bit weak, the Fed has come and indicated that it is there, that it is ready to protect the economy and markets as needed. That’s not the
Report: Paranoid Facebook Employees Are Now Using Burner Phones to Talk to Each Other Just Like Drug Dealers
If you were a fan of Breaking Bad, the popular TV show about a high school science teacher turned drug kingpin, you know that burner phones - those cheap Nokia-era, pre-smartphone cell phones - were central to how a lot of the communication about illicit and illegal deal making got done on the show. Given this reputation for burner phones
Elon Musk Said Some Things on '60 Minutes'
Whatever your thought's are on Elon Musk - and Musk is one of those public figures who seems to draw intense emotions either loving him or despising him, with nothing in between - I think we can all agree that he's never boring. (Not even his Boring Company is actually boring.) And so it's not surprising that during his interview
Distortion, Divergence and Diversification: 2019 Global Investment Outlook
Volatility has plagued equity markets globally in 2018—most notably emerging markets and US equity markets. As the US economic expansion officially crossed the nine-year mark in 2018, many investors started to wonder when the cycle would change—and what the catalyst might be. Our senior investment leaders see plenty of reasons to be optimistic about the year ahead, but recognize investment
3 Big Takeaways From the Arrest of Huawei's CFO
Canadian authorities at the request of American law officials arrested Huawei's global CFO Wanzhou Meng for allegedly violating Iran sanctions. The news shook markets Thursday, as investors fear U.S.-China trade tensions could pick up. How worried should investors be? That depends who you ask. Arrest Will Harm Relationship The timing of Meng's arrest could be seen as a "message to
Lyft Files Papers With the SEC For an IPO
Lyft announced that it has filed a a draft registration statement with the U.S. Securities and Exchange Commission for its highly anticipated initial public offering (IPO). In its confidential filing with the SEC, the ride-hailing company said that the number of shares being offered and the price range have not yet been determined. It also hasn't set a date for
Huawei CFO Arrest Fuels US-China Trade Tensions
The Chinese embassy to Canada demands immediate release of Huawei's global CFO arrested in Vancouver Dec. 1 on behalf of U.S. authorities, according to late Wednesday reports. What Happened Canada detained Wanzhou Meng with intentions to extradite her to the U.S. for charges filed in a Brooklyn federal court. Meng allegedly violated Iran sanctions, although Huawei said it was unaware
The Yield Curve Just Inverted for the First Time in Years. Time to Reconsider Risk?
One of the most reliable indicators of an economic slowdown just flashed a warning sign this week. On Monday, the yield curve between the five-year Treasury yield and three-year Treasury yield inverted, or turned negative, for the first time since 2007. What this means is the shorter-maturity bond now pays more than the longer-maturity bond, suggesting investors believe the government
Facebook Considered Selling User Data Several Years Ago
When he testified at a Congressional hearing in April, Facebook CEO Mark Zuckerberg was adamant about how the social network handles its vast trove of user data: “I can’t be clearer on this topic: We don’t sell data," he said. However, a massive aggregation of internal correspondence published online by a U.K. parliamentary committee on Wednesday paints a murkier picture
Does Apple Have a Demand Problem? Reports of New Marketing Campaigns Has Some Concerned
Apple Inc. (NASDAQ: AAPL) is reportedly shifting its marketing plans to help boost sales of its flagship iPhone product, according to Bloomberg. What Happened Sources close to the matter told Bloomberg Apple asked some of its marketing staff members to stop working on current projects and to focus instead on supporting sales of its newest handsets. The move may be