Why the USO oil ETF is a better buy than crude futures as the Iran war rages
The United States Oil Fund has climbed by 58% since the start of the Iran war, more than double the gain of WTI crude futures.
Mark Zuckerberg Wants to Sell Entrepreneurs a ‘Business-in-a-Box’
The Meta service would help entrepreneurs start and run their businesses—and only charge them when it produces results.
WEX Deploys AI to Stop Fleet Fuel Fraud Before It Happens
WEX will soon expand the capabilities of its WEXOnline platform for commercial fleets to include identifying and stopping potentially unauthorized fuel purchases before they are approved. The company plans to add an artificial intelligence-powered fraud prevention capability called SecureFuel to the platform for its North American fleet customers on Aug. 3, it said in a […]
Businesses with less than 1,000 employees made 92% of May hires
If you’ve only been applying for gigs at big companies, you may want to rethink where you’re sending job applications. According to data from the Bureau of Labor Statistics, nearly 93% of hires for privately held companies during May came from US business establishments with fewer than 1,000 employees. Companies with 10 to 49 employees […]
Robinhood (HOOD) slides 4% as crypto revenue sharply fell
Robinhood (HOOD) topped Wall Street’s second-quarter expectations, but shares fell about 4% in after-hours trading, adding to their 3.1% decline during Wednesday’s session. The online brokerage reported adjusted earnings per share of $0.62, well ahead of analysts’ $0.43 estimate, while revenue climbed 32% from a year earlier to a record $1.31 billion, narrowly topping the […]
One in four Canadians now hold crypto, OSC survey finds
Among investors who work with a financial advisor, 39 percent said their advisor recommended they purchase crypto assets, according to the survey, nearly double the 19 percent recorded in 2023. The regulator also found that 22 percent of crypto owners sought information from a financial advisor before buying, up from 13 percent two years earlier. Where advisors did recommend […]
Meta shares sink 11% as CFO says they will continue to add compute in 2028 and beyond
Meta shares sink 11% as CFO says they will continue to add compute in 2028 and beyond !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
US Fed chair Kevin Warsh says this after holding rates steady
US Federal Reserve Chairman Kevin Warsh said he is fully committed to delivering price stability amid high inflation stoked by the escalating Iran war. Not giving any forward outlook or deeper insight into the FOMC policy, he said he had full confidence in the board despite the dissents to deliver the remit of reining in […]
Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows
Bitcoin is nearing a market bottom, according to a key valuation metric called the Yardstick from Fidelity Digital Assets. “BTC’s Yardstick is hovering near historic lows, while several sentiment indicators are approaching capitulation territory,” stated Fidelity in its Q3 Signals Report on Tuesday. However, bitcoin is currently trading around 50% below its all-time high, […]
How to guide clients away from status quo bias
Between the sprint to Tax Day at the beginning of the year and the rush to meet annual targets at the end, financial advisors can help clients confront a bias toward the status quo. Processing Content With a midyear meeting strategy that avoids calling clients out for their natural inertia or hitting them with a […]