Wealth Management News & Insights
Financial Markets
- Inflation Is Falling, and Where It Lands Depends on These Three Things: Goods, shelter and other services could tug consumer prices in different directions this year. [WSJ]
- Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market: Restaurants, hotels and hospitals are finally staffing up, more than making up for losses in tech and other sectors. [WSJ]
- Consumer Price Index Summary: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in January on a seasonally adjusted basis, after increasing 0.1 percent in December, the U.S. Bureau of Labor Statistics reported. [BLS]
- SEC Charges NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Security: The SEC announced charges against former NBA player Paul Pierce for touting EMAX tokens on social media without disclosing the payment he received for the promotion and for making false and misleading promotional statements. [SEC]
Financial Planning
- How a Tide of Tech Money is Transforming Charity: The new philanthropists are young, impatient and in a hurry. [Economist]
- You Might Live Longer Than You Think. Your Finances Might Not: Financial planning tends to overlook longevity, a factor that can far exceed life expectancy. [WSJ]
Retirement Planning
- The Baby Boomer Retirement Crisis Is Here. Why the Richest Generation Is Struggling: Americans born in the postwar boom are entering their golden years. Despite the financial success of their careers, a disturbing number aren’t prepared for the financial challenges ahead. [Bloomberg]
- Stranded College Savings Plan Can Soon Be Rescued. New Law Lets 529 Dollars Roll Into Retirement: Kids change their minds a lot, so it’s understandable parents might be nervous to lock away money in a college savings plan. After all, what if your child decides to skip college or drop out? [USA Today]
Business Strategy
- Microsoft-Backed OpenAI to Let Users Customize ChatGPT: OpenAI, the startup behind ChatGPT, said it is developing an upgrade to its viral chatbot that users can customize, as it works to address concerns about bias in artificial intelligence. [Reuters]
- How Nelson Peltz and Disney’s Marvel Chief Teamed Up in Proxy Fight: ‘Ike’ Perlmutter, known for frugality and run-ins with CEO Robert Iger, also was concerned about the company’s spending. [WSJ]
- YouTube CEO Susan Wojcicki Steps Down After Nine Years: In a blog post, she said she had “decided to start a new chapter focused on my family, health and personal projects I’m passionate about.” [BBC]
- The Secret to Being a Star at Work Right Now: Today, common sense and manners are often enough to stand out. [WSJ]
- How to Answer “What Are Your Salary Expectations?”: There are many interview questions that inspire dread in an interviewee — from “What’s your greatest weakness?” to “Tell me about yourself.” But one in particular is especially complicated. [HBR]
Life & Work
- People Can’t Stop Talking About These Super Bowl Commercials: Whether you’re punching the air over the Chiefs’ win or licking your wounds after the Eagles’ loss, we can all come together to appreciate Rihanna’s halftime performance and the evening’s commercials. [USA Today]
- Ben Affleck Created Dunkin’s Super Bowl Debut With the Help of Jennifer Lopez: Restaurant chain hadn’t planned to buy an ad until seeing the actor’s hidden-camera stunt. [WSJ]
- Good Genes are Nice, But Joy is Better: Harvard study, almost 80 years old, has proved that embracing community helps us live longer, and be happier. [Harvard]
- These Are The Best Car Brands of 2023: Consumer Reports released its list of the top car brands for 2023 on Thursday. Taking the top five spots, in order, are BMW, Subaru, Mini, Lexus, and Honda. [Business Insider]
- A Millennium-Old Hebrew Bible Could Break $43 Million Record Set by U.S. Constitution: Sotheby’s seeks to sell book for between $30 million and $50 million as historical documents increasingly fetch hefty sums. [WSJ]
- Diamonds, From Your Ring to Your iPhone: How would you feel about giving, or receiving, a 4-carat engagement ring? Lab-diamond producers are putting them within reach, and (almost) nobody can tell they cost less than a Ferrari. [WSJ]
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