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3 Trends Expected to Give Advisors Hangovers in 2025
Nov 19, 2024 · While private equity can benefit advisors, its growing role in wealthtech is causing a rift among financial planners. Case in point: PE-owned InvestCloud raised its service fees 5% earlier this year despite complaints about slow platform enhancements, the report found.
The Costs and Benefits of Quantum Computing - The Daily Upside
Dec 8, 2024 · The research doesn’t come cheap: According to Forbes, governments globally have invested more than $55 billion in this technology.Quantum computing startups have raised $1.5 billion in VC funding so far in 2024, Crunchbase reported, more than double investments made in 2023. “We’re in this noisy, intermediate phase of quantum computing, because we haven’t hit fault tolerance yet, but ...
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Who We Are. The Daily Upside is a modern media brand covering business, finance, economics. We provide business leaders and investors with the news, insights, and clarity they need to cut through the noise and reveal the thematic currents shaping the global economy.
Inside Wells Fargo’s Bet on Independent Advisors
Nov 14, 2024 · Wells Fargo’s gamble on indie advisors may be paying off. The San Francisco-based brokerage has been quietly building out an independent channel that has helped stem an exodus of advisors at the firm in recent years. Launched in 2001, the indie broker-dealer channel called Financial Network — along with a new registered investment advisor program in development — has quickly become the ...
Intel’s CEO Resigns After Failed Turnaround Effort
Big Plans. When Gelsinger took the CEO job back in 2021, he was something of a prodigal son. He started out working for Intel as a teenager in 1979 before leaving in 2009, only to return as a wise sage with a vision of turning Intel, then mostly focused on personal computing, into a contract chipmaking foundry.
CEO Departures Have Reached a Record High with Almost 2,000
Dec 23, 2024 · The nameplates on CEO offices are changing at what appears to be an historic pace. In the first 11 months of the year, 1,991 CEOs have announced their departures, according to a report from outplacement firm Challenger, Gray & Christmas. That’s up 16% compared with the same timeframe last year and the highest tally on record since the firm began tracking CEO changes in 2002.
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The Fed Marches into a Murky New Era - The Daily Upside
I Can Ride my Bike With Two Handlebars. In its September policy meeting, the Fed said its committee forecasted inflation would settle at a comfortable 2.2% through 2025, or low enough to allow a full-point reduction to interest rates over that 12-month span.
JPMorgan to Open Nearly 100 Chase Branches in Low-Income …
Oct 2, 2024 · Oasis in the Desert. Since 1977, banks have been required under the Community Reinvestment Act — which sought to curb the practice of redlining — to lend to low-income people in areas where they have a physical presence. Last year, rules were updated to better reflect that financial services are less and less pegged to a brick-and-mortar locations and provide more services online, shifting ...