Stocks rallied on Thursday after a muted opening on the heels of the Federal Reserve’s “hawkish hold” on Wednesday, which suggested more rate hikes are likely later this year while rate cuts in 2023 are now off the table. At the closing bell, the S&P 500 (^GSPC) was up about 1.2%, while the Dow Jones…
Category: Finance
Investors should expect Tesla to launch a full-scale financing arm as it tries to capture more of the auto market, Morgan Stanley says
AP Photo/Ng Han Guan Investors can expect Tesla to soon offer its own options for financing, Morgan Stanley said. Analysts said it was time for the EV maker to create a subsidiary that finances retail sales. That could potentially draw in more customers as Tesla wages a price war against its rivals. Investors shouldn’t be…
New AI assistant is doing out money advice on personal finance app
Professional financial planning often left out those who couldn’t afford it. One personal finance app wants to change that by incorporating an artificial intelligence assistant to provide personalized advice to users. Wally, the free app that allows users to sync and manage their accounts and monitor their finances, is adding WallyGPT, which can answer users’…
Young Americans twice as likely to use AI for financial advice
As the artificial intelligence boom continues, a new survey finds that younger adults are twice as likely to rely on AI for financial advice compared to older adults. According to a Yahoo Finance/Ipsos survey of 1,276 Americans, 20% of Gen Z adults said they were somewhat or very likely to use an AI-powered financial advisor,…
How to Choose a Financial Advisor in Canada: Questions to Ask
Published on June 6th, 2023 at 01:55pm EDT Updated on June 12th, 2023 at 06:21am EDT As a newcomer to Canada, it’s not always easy to navigate the world of personal finance. Selecting a financial advisor to help you manage your money is an important decision. With so many options available, it’s essential to take…
Which Diet (way of eating) Is Best for Health and Longevity?
Proper diet undoubtedly promotes healthier aging and longevity. But what’s the right diet? A meta-analysis of diet studies proposes an answer. or more accurately, answers, based on diet-related biomarkers linked to disease and aging. Half of the studies were done in Europe, the rest from North America and Asia. The February, 2023, article was published…
Is there a financial ‘advice gap’ for non-wealthy Canadians?
Industry players and lobbyists in the financial services sector are warning of an impending “advice gap” that would be created if a ban on certain embedded commissions for mutual funds was extended to segregated funds. These particular commissions are more commonly known as deferred sales charges, or DSCs, and they allow for financial salespeople to…
Canada’s wildfires are a reminder that climate warriors are all wrong
Environmentalism that’s all passion and no reason does no good for anyone — or even for the environment. One sign of how unhinged greens have gotten is the rush to blame climate change for the Canadian wildfires that blanketed the Northeast with smoke and toxic air last week. City Comptroller Brad Lander called the fires…