By 5:30 a.m. Eastern Time today, oil had reached $84.64 per barrel, measured using the Brent benchmark. That’s $1.28 less than it cost yesterday morning and about $15.38 above its price a year earlier. Oil price per barrel % Change Price of oil yesterday $85.92 -1.48% Price of oil 1 month ago $84.77 -0.15% Price…
The last ten years of global politics have posed a serious challenge to globalisation. Trade tensions, a global pandemic, and wars across Europe and the Middle East have demonstrated the challenge of energy security in a world of complex supply chains. In response, investors are looking to double down on renewables, now seen as better guarantees…
Good morning. Bankers understand money and the consequences for those who don’t have enough of it. The top 0.1% of U.S. households now account for almost six times as much of the country’s wealth as the bottom half, according to Federal Reserve data. Jamie Dimon of JPMorgan Chase sees it, telling a reporter that anti-rich…
Missouri Gov. Mike Kehoe signed Senate Bill 1233 into law, creating an additional pathway to CPA licensure, effective Aug. 28, 2026. Processing Content The new law, backed by the Missouri Society of CPAs, allows CPA candidates to apply for licensure with a bachelor’s degree, two years of experience and passage of the CPA exam. It…
Technology and innovation are not replacing the retirement plan advisor. They are changing what plan sponsors expect from the advisor. That distinction matters. For a long time, the retirement plan advisor’s role was easier to define: Help with provider searches while leading a strong, documented fiduciary process and keeping the retirement committee organized. Of course,…
Dive Brief: New York-based PVH named Alexis Rollier, who has served as Global CFO and Global COO of LMVH-owned cosmetics retailer Sephora since 2018, to be the apparel retailer’s next CFO, according to a Monday company release and securities filing. Rollier will take the finance reins for the parent of Calvin Klein and Tommy Hilfiger…
Farmers Insurance has launched a new initiative designed to make insurance easier to understand and more transparent for consumers. Farmers said the enterprise-wide effort reflects its continuing commitment to helping consumers better understand their options so they can make more confident coverage decisions before they need it most. “The strategy is grounded in a simple…
Investment advisor American Beacon Advisors Inc. and consulting firm Mercer Investments, a Marsh business, launched the Mercer & American Model portfolios, a suite of professionally managed model portfolios. The models combine thematic investing strategies, dynamic asset allocation and income-focused solutions. The five risk-based models feature a thematic equity sleeve that provides targeted exposure to high-conviction…
I called Steve Hanke on the afternoon of July 14, days after he’d flagged something he called a dual bubble forming in AI markets, and one day after IBM suffered the worst single-day stock crash in its 115-year history. The “money doctor” has been advising governments—including the Treasury Department and the White House—for decades and…
DANIEL SUSSKIND: Growth doesn’t come from the material world of things that we can see and touch, but it comes from the intangible, invisible world of ideas. MATTHEW DUFFEY: Nobody can predict what’s going to happen in the next decade, but I think the one thing that we can all agree on is doing what you’ve…