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Big Tech Earnings Slam Into a Market in Revolt Over AI Spending Bloomberg.comAlphabet flops, Intel shocks, and Tesla tanks: AlphaSpace weekly recap Yahoo FinanceGoogle and Tesla shares plunge as AI spending rattles markets BBCMove over oil. AI leader Alphabet's spending sends investors running Detroit Free Press
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Most marketers see cheaper AI as a chance to cut costs. The teams pulling ahead see it as a chance to expand.
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Oil Tumbles as US and Iran Pause Military Strikes: Markets Wrap Bloomberg.comOil slides 5% as Iran reportedly signals halt to attacks if U.S. pause holds CNBCOil slips more than 5% after US pauses strikes on Iran ReutersOil Prices Fall After U.S. and Iran Pause Fighting for a Second Day The New York Times
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Perpetual futures let investors circumvent restrictions on foreign access to China's equity market
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Stay with the AI trade and overweight technology stocks, according to one earnings expert.
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The global M&A market remains on course for another exceptionally strong year, with deal activity increasingly driven by strategic transformation rather than financial engineering, new research from Bain & Company shows.
The post AI, megadeals and strategic capital reshaping M&A landscape: Bain & Company appeared first on AltAssets Private Equity News.
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Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the S&P 500 is down about 20% so far this year.
The financial industry has a name for this scenario: sequence of return risk. "It matters most at retirement when you're selling assets for income," says Wade Pfau, a professor of retirement income at The American College of Financial Services in King of Prussia, Pa. "You need to sell a larger number of shares to get the same amount of money. Those shares are then gone so even if the market bounces back, your portfolio won't recover as much."
SEE MORE Using Your 401(k) to Delay Getting Social Security and Increase Payments
The newly retired are particularly vulnerable because they're "relying on this pot of money to finance the next 20 to 30 years of their life," says Amit Sinha, head of multi-asset design at Voya Investment Management in New York City.
Sequence of return risk is less of a concern for someone further along in retirement because retirees typically shift to safer, more conservative investments and have fewer years to pay for. Plus, these investors may have benefited from portfolios boosted by strong returns early in retirement.
Similarly, if retirement is a decade or more away, what happens to markets today is mostly irrelevant. "You just allow the compounding to work for you and recover over those years," says Sinha.
Someone retiring now, of course, doesn't have that luxury. If this describes you, there are several things you can do to minimize the damage, but first, assess what it's likely to mean for your portfolio long term.
Depending on how you react now, t
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Free trading apps, a bull market and Covid-19 lockdowns fueled a surge in mom-and-pop trading; investors in container-shipping companies had an unexpectedly good year, and the great outdoors has become one of the few viable vacation options.
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