The next step is for them to work with an advisor whose experience, business model, training and education allow clients to believe absolutely in their advisors’ objectivity and professionalism in managing their portfolios, he added. “There is no behavior that is irrational around investing when we understand [clients’] underlying thoughts and beliefs,” said Rick Kahler,
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Banks have to be like technology companies, the CEO of Southeast Asia’s largest lender said on Tuesday, amid rising competition from rivals such as Chinese tech giant Alibaba with its rapidly growing financial services. This means that banks have to do a few things: “Embrace” the same technology as they do, and change their culture
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Ludovic Marin | AFP | Getty Images Indian Prime Minister Narendra Modi (R) and French President Emmanuel Macron (L) shake hands as they make a joint press statement in New Delhi on March 10, 2018. French and Indian companies signed contracts worth 13 billion euros (£16 billion) on the first day of President Emmanuel Macron’s
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The rising yields on U.S. bonds have started a new trend: holding cash, a market strategist told CNBC on Friday. U.S Treasurys have seen yields rising since the start of the year on fears that inflation will creep up at a faster-than-expected pace, and the Federal Reserve will therefore be forced to increase interest rates
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Check out which companies are making headlines before the bell: Boeing — Chairman and CEO Dennis Muilenburg told Reuters the aerospace manufacturer has “plenty of cash horsepower” to make acquisitions, such as the proposed tie-up with Brazil’s Embraer. The chief executive said Boeing was “making progress” in its talks with Embraer and is looking at
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The report highlights how global growth has lifted the fortunes of the wealthy and hiked luxury real estate prices in the top cities. “2017 was a year when the economic stars aligned and relatively healthy growth was seen across most markets,” the report said. Indeed, almost all of the cities have become more expensive over
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American Eagle Outfitters‘ sales at established stores topped analysts’ estimates for the holiday shopping quarter, helped by robust demand for its Aerie line of lingerie. The company’s comparable sales rose 8 percent in the fourth quarter ended Feb. 3, beating analysts’ average estimate of a 7.34 percent rise, according to Thomson Reuters I/B/E/S. Net income
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Kroger on Thursday reported fourth-quarter earnings in-line with analysts’ estimates but issued a disappointing profit outlook for 2018. Its shares plummeted more than 11 percent in early trading following the news. Net income for the fourth quarter totaled $854 million, or 96 cents a share, compared with $506 million, or 53 cents a share, a
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Las Vegas-based Wynn Resorts on Wednesday announced the departure of two members of its board of directors as lawsuits against its members and the company’s founder continued to pile up amid a sexual misconduct scandal. The announcement of the board changes came hours after the state of Oregon revealed it had sued gambling mogul Steve
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