Wealth Management News & Insights
- First Republic Ex-CEO Says Bank Failed Because SVB, Signature Sparked Panic: Testimony is Michael Roffler’s first public appearance since regulators seized his bank. [WSJ]
- UBS Is the Biggest Winner From Banking Turmoil With $35 Billion Gain: UBS, the Swiss bank that took over Credit Suisse in March, appears to be the biggest winner so far from the turmoil that has rocked bank stocks this year. [Barron’s]
- We May Be Getting Used to High Inflation, and That’s Bad News: Companies’ ease with raising prices may mean more rapid increases are becoming entrenched. [WSJ]
- Higher Mortgage Rates Killed the Refinance Boom. How You’ll Feel the Fallout: The pandemic mortgage refinance boom is over, but its impact could last longer. [Barron’s]
- Couples Can Soon Put Over $10,000 a Year Into Health Savings Accounts: The Internal Revenue Service on Tuesday announced the largest ever increase to the amount Americans can set aside in health-savings accounts each year. [WSJ]
- Secure Your Account at Vanguard Today: The privacy and security of your account information are very important. Setting up online access to your retirement plan account will help ensure that no one else can access your account without your knowledge. [Vanguard]
- Online Security: Vanguard’s Promise to You: Vanguard will reimburse you the amount taken from your Vanguard account in an unauthorized online transaction on vanguard.com if you’ve followed the steps described in this document. [Vanguard]
- Why Employees Hate Hot-Desking: The shared workspace trend is growing, but researchers say many companies are doing it wrong. [WSJ]
- The Return to the Office Has Stalled: Offices remain half empty as companies settle into hybrid work plans. [WSJ]
- Office Brainstorms Are a Waste of Time: Giving workers alone time could yield more innovation than getting everyone in a room, research shows. [WSJ]
- Pricing Power: This Is Kate Spade’s Hottest Bag…and It Costs $500: Consumers are digging deeper into their wallets to pay for diapers, handbags and streaming services. [WSJ]
- Auto Dealers Finally Have Cars to Sell Again: Some brands are getting heavier on inventory than others as shoppers’ concerns about rising interest rates dull demand. [WSJ]
- AI Is Reshaping Jobs. Here Are the Companies to Watch: Artificial Intelligence capabilities continue to progress at a dizzying speed. The arrival of ChatGPT in particular seems to have only accelerated the adoption of AI technology into the day-to-day operations of companies. [Barron’s]
Life & Work
- Document: Josh Harris Sees Commanders Windfall Without Dan Snyder: Josh Harris, the Philadelphia 76ers co-owner who announced an exclusive deal to purchase the Washington Commanders for $6.05 billion, is betting that a change in ownership will solve the financial woes plaguing the franchise. [ESPN]
- Everything We Know About Apple’s Mixed Reality Headset: People have been speculating about Apple’s entry into the world of virtual and augmented reality headsets for the better part of a decade, but it’s increasingly looking as though 2023 might be the year the company might finally announce and release a device into the world. [The Verge]
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