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Investment advising in the AI era
When wealth advisers and clients meet these days, it’s likely an AI tool will join in some capacity. As seems true of every industry right now, artificial intelligence is transforming wealth management and, by virtue, the adviser-client relationship. It might be tempting to predict — as some analysts have — that AI could put advisers […]
Virginia advisers outline 2026 investing strategies
One of the great ironies of investing is that even as the stock market notches record highs as it has this year, investors know the good times inevitably cannot last. If 2025 overpromised on uncertainty stemming from a new presidential administration, it also underdelivered on volatility. Aside from a steep — albeit short-lived — stock […]
Stocks, gold fall as Wall Street momentum fades
NEW YORK (AP) — U.S. stocks and the price of gold fell on Wednesday, as momentum on Wall Street reverses. The S&P 500 sank 0.5%, though it’s still within 1% of its all-time high set earlier this month. The Dow Jones Industrial Average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite […]
Gold plunges $250 after hitting record high
Gold prices tumbled more than $250 Tuesday after hitting a record $4,374 per ounce, marking the biggest drop since 2011.
Wall Street clocks another winning week
U.S. stocks closed higher Friday, capping a choppy week of trading with the market’s third winning week in the last four and another milestone. The S&P 500 rose 0.8%, finishing just shy of the record it set last week. The benchmark index also wiped out its losses from a slide last week. The Dow Jones […]
Warren Buffett will remain chairman at Berkshire Hathaway when Greg Abel takes over as CEO in 2026
Warren Buffett will remain Berkshire Hathaway's chairman as Greg Abel becomes CEO in 2026, reassuring investors during a critical leadership transition.
Who is Greg Abel, the executive picked to be successor to Warren Buffett?
Greg Abel, longtime Buffett deputy, will become Berkshire Hathaway CEO in 2025, bringing deep business insight and a strong work ethic to the role.
Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year
Warren Buffett will retire as CEO of Berkshire Hathaway at year’s end after 60 years. Greg Abel, his longtime heir apparent, will take the helm.
Strategy reports $4.2B Q1 loss
Strategy, formerly MicroStrategy, posted a $4.2B Q1 loss but now holds 553,555 bitcoins worth $51.55, continuing its aggressive crypto strategy.
Wealth advisers reveal ways to avoid bumps
Financial markets have been remarkably resilient this year, with various stock indexes notching new record highs, even as a dizzying number of headlines from Washington, D.C., seem poised to whipsaw investors. Uncertainty persists about how the economy — and, by virtue, financial markets — will fare, given President Donald Trump’s moves to aggressively slash federal […]
A new era
The days of decades-high interest rates are over, as the Federal Reserve is ushering in a new era for financial markets — and, in turn, shaking up some of the advice money managers are offering their clients. During one of its regularly scheduled meetings in September, the central bank’s Federal Open Market Committee lowered the […]
Reality bites
Gen Xers are next in line for retirement, and most are far from being prepared financially for their golden years. They face a substantial shortfall of funds needed for retirement and the largest savings gap of any generation. “As the first generation to head into retirement largely without the safety net of a defined benefit […]
