Personal Finance

Advisors not up to speed on blockchain technology will get left behind: Experts

If you’re a financial advisor, chances are you’re not using blockchain technology and not even sure how to define it. But you could be missing one of the biggest developments poised to disrupt the entire financial services industry, according to some financial experts. Blockchain technology was developed to serve as the backbone for the bitcoin cryptocurrency. But the blockchain is rapidly gaining popularity as people realize its value as a mechanism for executing transactions without the oversight of a third party or central bank, said Magdalena Ramada, senior economist at Willis Towers Watson, in a presentation at the Technology Tools for Today Advisor Conference in Fort Lauderdale, Florida. The blockchain is defined as a digital distributed ledger, or registry of information...

AT&T cliffhanger adds uncertainty into otherwise favorable year for M&A

Recent stock market volatility has not ebbed dealmakers enthusiasm for global M&A.

Here’s what you give up if you join the gig economy

The share of “nontraditional workers” in our labor force — such as independent contractors and freelancers — has been growing faster than any other type of worker. The new tax code is likely to accelerate this trend, thanks to the big tax break it offers to businesses run by individuals. Independent contractors (or sole proprietors) can now write off 20 percent of their business income in many cases. “This is putting grease on that slide,” said David Weil, former administrator of the Labor Department’s Wage and Hour Division under President Barack Obama and author of “The Fissured Workplace.” Ceilidh Gao, an attorney at the National Employment Law Center, said she expects employers to try to advertise the new tax benefits of being an independent co...

Banks Need Next-Generation KYC to Confront Today’s Digital Identity Crisis

Cybercrime has evolved to exploit gaps in enterprise data security and disrupted identity theft in the process. It has spawned a parallel black market on the Dark Web, where criminals transact in bitcoin to anonymously trade stolen data, minting hundreds of billions in annual and often untraceable proceeds for sellers[i]. Javelin Strategy & Research’s 2017 Identity Fraud Study said ID theft hit a record high in 2016, victimizing 15.4 million people, or roughly two-million more victims than the previous year[ii]. ID theft is generally a precursor to credit card fraud, which attributed to worldwide losses of $21.84 billion in 2016[iii]. Card issuers incurred 72%, of those losses last year, with card fraud expected to syphon a grand total of $88.87 billion out of the global financial syst...

Buy ‘networking juggernaut’ Cisco now due to market share gains: Analyst

Nomura Instinet raises its rating for Cisco shares to buy from neutral.

Warren Buffett explains how to invest in stocks when inflation spikes

Warren Buffett has always been a firm believer that staying invested in stocks is the only course. If anything, Buffett, the chairman and CEO of Berkshire Hathaway, is famous for the ultimate statement on dip buying: Be fearful when others are greedy and greedy when others are fearful. But these Buffett-isms may mask the fact that, throughout his life, Buffett has offered many wise words on just how much inflation can ding stocks. Now that inflation is back in the crosshairs of the markets, as investors try to understand what has caused such a swift correction in stocks, it’s worth looking back at what Buffett has said about inflation in the past. Buffett devoted significant portions of Berkshire annual letters in the late 1970s and early 1980s — amid high inflation in the United Sta...

Buffett: how to invest in stocks when inflation spikes

Warren Buffett has always been a firm believer that staying invested in stocks is the only course. If anything, Buffett, the chairman and CEO of Berkshire Hathaway, is famous for the ultimate statement on dip buying: Be fearful when others are greedy and greedy when others are fearful. But these Buffett-isms may mask the fact that, throughout his life, Buffett has offered many wise words on just how much inflation can ding stocks. Now that inflation is back in the crosshairs of the markets, as investors try to understand what has caused such a swift correction in stocks, it’s worth looking back at what Buffett has said about inflation in the past. Buffett devoted significant portions of Berkshire annual letters in the late 1970s and early 1980s — amid high inflation in the United Sta...

Generations tech: Talking to Gen X, millennial clients

Technologically advanced and social media-connected financial advisors are what Gen X and millennial clients want. So says a study from Global X, which found that strong technological capabilities would make it more likely for 93 percent of millennials and 71 percent of Gen X investors to work with an advisor. Advisors have been successfully attracting this clientele by investing both time and money into tools such as Twitter, LinkedIn, Facebook, podcasts, blogs, YouTube, mobile portfolio access and modern uses for email. More from Investor Toolkit:No employer 401(k) match? No problemWhere to stash cash if your 401(k) is maxed outNew broker rule aims to curb elder fraud For Winnie Sun, managing director and founding partner of Sun Group Wealth Partners, Twitter has proved a tremendous meth...

Goldman and Bridgewater see a bigger market shakeout coming

The world's biggest hedge fund has warned that global markets are entering a new era of volatility.

‘Three names we love’ in tech after last week’s wipeout, according to Susquehanna

It's time to sort through the market debris to pick the names best equipped to rally off these lows.

Stock market volatility shows that tax reform is one of the big business tests of our time

It all comes down to what business leaders decide to do with extra cash from tax cuts, writes Thinx CEO Maria Molland Selby.