Wealth Management News & Insights
Nvidia’s Next Act Will Be Its Biggest and Toughest, How To Find Schwab Tax Documents, Alex Bregman’s Road To A $175 Million Chicago Cubs Deal Began With A Lucky Break
Primary Sources
- Federal Reserve Issues FOMC Statement: Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has been little changed in recent months. Inflation remains somewhat elevated. [FRB]
Financial Markets
- Cybersecurity Stocks Fall On Report Anthropic Is Testing A Powerful New Model: The rise of AI is putting pressure on cybersecurity companies to innovate and fend off increasingly sophisticated and easy-to-launch cyberattacks. [CNBC]
- The $40 Billion Game of Youth Sports Has Only One Winner: Dick’s Sporting Goods: Parents have never spent more time and money on youth sports—or at this sports juggernaut. [WSJ]
- Nvidia’s Next Act Will Be Its Biggest—and Toughest: AI leader’s $1 trillion sales forecast isn’t a stretch, but competition and a shifting market keep investors sidelined. [WSJ]
Financial Planning
- How to Find My Schwab Tax Documents: Follow these instructions to learn how to find your tax documents on Schwab.com. [Schwab]
- Tax Scams Are On The Rise. Here’s What to Know: Robocalls, texts, and phishing emails from scammers are up this tax season compared to previous years, with artificial intelligence likely increasing fraud attempts. [AP]
The charts above show IDC’s forecasts for the PC industry from 2025 to 2030, focusing on PC unit shipments and average selling prices.
Business Strategy
- Netflix Raising U.S. Prices for Second Time in Less Than Two Years: Under the higher pricing, Netflix’s Standard With Ads plan will now cost $8.99/month, up $1 from $7.99 previously. [Variety]
- Amazon Plans Drastic Cut in Packages Sent Via Already-Struggling Postal Service: The e-commerce giant wants to reduce its postal volume by at least two-thirds by this fall. [WSJ]
- Uber to Invest Up to $1.25 Billion in Rivian Robotaxis: The partnership could bring thousands of Rivian R2 robotaxis to cities in the U.S., Canada and Europe. [WSJ]
- Meta Will Pay Instagram, TikTok and YouTube Creators With Big Followings to Post on Facebook: Meta is offering guaranteed monthly payments and increased reach on Facebook for creators to join. [CNBC]
- How Kraft Heinz Lost Its Lock on Mac and Cheese—and American Shoppers: Kraft Heinz has all but owned the supermarket macaroni-and-cheese aisle for decades. So when the first boxes of an upscale brand call Goodles landed on store shelves in 2022, the company wasn’t especially worried. [WSJ]
- How Zara Fought Off H&M And Shein: Selling fast-fashion with a luxurious gloss is reaping rewards. [Economist]
- Peloton Is Launching Bikes And Treadmills For Gyms, Accelerating Commercial Strategy: The push into gyms comes as Peloton seeks new growth amid slowing consumer sales. [CNBC]
- United Ditches More Economy Seats To Make Room For Bigger Premium Cabins With New Layouts: United, Delta, American and other airlines have been revamping cabins as premium revenue growth outpaces sales from standard coach. [CNBC]
Life & Work
- ChatGPT, Claude and Gemini Entered the WSJ Bracket Pool – One Might Actually Win: The AI ringers struggled at first. But soon, they were calling upsets, picking against the crowd—and beating the humans. [WSJ]
- Alex Bregman’s Road to a $175 Million Chicago Cubs Deal Began With a Lucky Break: The All-Star third baseman on his supportive parents, powering through disappointment and house hunting in his new city. [WSJ]
- WNBA, Players’ Union Reach Verbal Agreement on New CBA Terms: After a prolonged labor battle, the WNBA and Women’s National Basketball Players Association reached a verbal agreement on the terms of a new collective bargaining agreement early Wednesday, just 51 days before the league’s 30th season is set to tip off. [ESPN]
- The Apps You Need for Your Next Trip Abroad: Ride-hailing, dining and navigation apps you rely on at home may not be the best options in many countries. Here are local alternatives to download before you go. [NYT]
- A Professional Organizer’s Guide to Spring Cleaning Your Life: Tackle clutter, let go of sentimental objects and create a home that reflects who you are now. [NYT]