Advisor News

The Fed might raise interest rates higher than some investors expected and leave them higher for longer than some anticipated. This seemed to be the message from the Federal Reserve's minutes of its meeting in December. In other words, it appears that the Fed will raise interest rates higher than some investors expected and leave them higher for longer than…

Since last January, the global crypto market cap has sunk nearly 65%, falling from $2.2 trillion to $803 billion, according to CoinMarketCap. Chad Harris, chief commercial officer of Riot Blockchain, which is building a crypto mining facility in Corsicana, Texas, felt the change in industry sentiment this year, he said at a recent Texas Blockchain Summit.

The new year is a great time to conduct a financial checkup, see what assets and debts you have and make a plan with the big picture in mind. Retirement Tip of the Week: As we head into 2023, consider your financial goals, review where you are on the journey to accomplishing those goals and plan for some possible changes – no matter how small – that could help you achieve them.

MOLINE, Ill.— Wall Street closed 2022 as the worst year since 2008. "There have been periods in my career where I have been happy to turn the page to a new year and 2022, I am glad to see it's in the rearview mirror" said Drue Kampmann with True Financial Partners in Bettendorf, Iowa. We're seeing the Federal Reserve continue to raise rates, therefore things are more…

—Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating plans for more interest rate hikes to cool inflation. Shanghai, Hong Kong, Seoul and Sydney advanced. The Shanghai Composite Index gained 0.3% to 3,126.51 while the Nikkei 225 in Tokyo sank 1.3% to…

That exodus also ranked as the largest among U.S. issuers in 2022, a year when ETFs absorbed over $580 billion of inflows overall. Volatility rocked Pimco’ s bond-heavy ETF lineup in 2022 as a historically aggressive Federal Reserve attempted to combat the worst U.S. inflation in four decades. While Pimco, Allianz SE’ s asset management unit, did have some success…

When Lizette Garcia was 17, she felt she had little choice but to lie on her resume to get jobs that would provide enough money to support her son and help her mother. Now an independent insurance agent, Garcia, of Palatine, values education, but strongly believes that some companies fail to recognize the person's commitment and desire to work that could make them a…

Wells Fargo& Co. and two other creditors have filed a petition to force United Furniture Industries Inc. into liquidating its assets as part of an involuntary federal bankruptcy protection case. The filing was submitted and posted Friday in the Northern District of Mississippi. "The abrupt shutdown of United Furniture Industries, Inc. by company owners has…

-For the U.S. economy, 2022 was a wild and somewhat painful year. A year of stubbornly high inflation, rapid interest rate hikes and war-driven energy shock have weakened the U.S. economy. While the job market remains remarkably strong, many economists say the U.S. is likely to slip into a recession at some point next year.

Warren Buffett's conglomerate Berkshire Hathaway performed better in 2022 than Elon Musk and Tesla. He is now running Twitter and electric vehicle manufacturer Tesla TSLA- Get Free Report. The massive loss in his net worth occurred as fears of inflation, a weaker economy and the mercurial CEO's distraction from his acquisition of Twitter, have sent Tesla…

Federal Reserve Chair Jerome H. Powell was asked what was in store for the economy after yet another rate hike intended to tame inflation. “I don’ t think anyone knows whether we’ re going to have a recession or not and, if we do, whether it’ s going to be a deep one or not,” Powell said on Dec. 14, after the Federal Open Market Committee’ s final meeting for 2022.“ It’ s just not…

Michael Hicks, director of the Center for Business and Economic Research at Ball State University in Muncie, said in his forecast, the odds of a recession in the new year are substantial, at about 50/ 50. Additionally, Hicks said, even if there isn't a recession next year, it could feel like it, because of the Federal Reserve raising interest rates to combat inflation,…

We can foresee two significant economic risks in 2023. The first one is a probability that the Federal Reserve will get weak-kneed and stop raising interest rates before inflation is truly under control. The second risk is that Congress will continue to spend and borrow money irresponsibly.