Market Overview - The current market sentiment is characterized by skittishness surrounding valuations, leading to a potential shift from high beta stocks to higher quality investments [5][6][10] - The S&P and NASDAQ are in a relatively stable position, needing to fall another 2-3% to test their 50-day moving average [8] - Institutional investors have shown a defensive posture, with record net selling of equities after previous buying, indicating a cautious approach [9][10] Investment Trends - There is a noticeable trend towards quality stocks, particularly in the healthcare sector, as the market begins to favor companies with solid fundamentals over high momentum names [6][14] - Retail investors continue to play a significant role in the market, representing 25% of trading volume, and are shifting focus towards higher quality opportunities [20][21] - The AI revolution is influencing investment decisions, with companies that can demonstrate effective integration of AI into their operations being rewarded [14][16] Future Outlook - The market is expected to remain volatile, particularly in technology trades, but underlying strong fundamentals support valuations outside of high momentum names [16][24] - There is optimism for the end of the year, with seasonal trends historically favoring equity markets and potential corporate buybacks contributing to market strength [16][18] - The shift away from low-quality, non-profitable stocks towards more stable investments is seen as a positive development for the broader market [21][24]

SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), the one-stop shop for digital financial services, today announced that financial specialist, New York Times bestselling author, CEO and Founder of Your Rich BFF, Vivian Tu, has been named the company's first honorary Chief of Financial Empowerment. Throughout her career, Tu has built a community of 10 million followers across her platforms. In this new honorary role, Tu will collaborate on financial literacy content and lea. ...

Robert Kiyosaki hasn't gone quiet — he's gone louder. "The Rich Dad, Poor Dad" author is still sounding the same alarm he issued nearly two years ago, only now the countdown feels closer, and the language more severe. Back in March 2024, Kiyosaki took to X with a blunt warning: "BABY BOOMERS BUST. Tragically biggest bubble in history will wipe out baby boomers because Boomers are the first generation with flimsy 401ks. Stock market set to crash. Time to get real is now. Buy real assets: gold, silver, Bitc ...

Worldline has been studying funding options including a potential equity offering as the embattled French payments firm seeks to shore up its capital base, people with knowledge of the matter said https://t.co/EUVbZ4rlov ...

Ripple is joining with Mastercard, WebBank, and Gemini to explore the use of its dollar-backed RLUSD stablecoin in settlement of fiat credit card transactions on the XRP Ledger, the firm announced on Wednesday.  Pending regulatory approvals, the partners aim to kickstart RLUSD onboarding in the coming months, followed by integration planning within the settlement processes of Mastercard and WebBank, the issuer of the Gemini Credit Card.  "Regulatory approval is a key part of this effort, and it’s something ...

If you have a 401(k) through work, there's a chance your employer offers a Roth 401(k) option — and it's becoming more common. According to Vanguard, 86% of their 401(k) plans included a Roth feature at the end of 2024. That's up from 74% just four years earlier. Among larger plans, the feature is even more widespread, with 95% offering it. Yet despite this availability, fewer than 1 in 5 participants in these plans actually choose to contribute to a Roth 401(k). Finance expert and author Suze Orman said ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Charles Schwab CEO Rick Wurster used his first appearance in the top job at the firm’s annual event for RIAs to discuss the need for financial services firms to prioritize convenience, the potential for artificial intelligence avatars and the rise in gambling in the U.S. that’s being conflated with investing. Wurster, who officially started as CEO in January, told the audience at the Schwab ...

Robinhood Markets, Inc. (NASDAQ:HOOD) will release earnings results for the third quarter, after the closing bell on Wednesday, Nov. 5.Analysts expect the San Francisco, California-based company to report quarterly earnings at 54 cents per share, up from 17 cents per share in the year-ago period. The consensus estimate for Robinhood's quarterly revenue is $1.22 billion, compared to $637 million a year earlier, according to data from Benzinga Pro.The company has beaten analyst estimates for revenue in three ...

NEW: Ripple raises $500 million at $40 billion valuation in strategic investment round led by Fortress Investment Group and Citadel Securities ...

According to CNBC, digital asset infrastructure company Ripple has announced the completion of a $500 million funding round, raising its valuation to $40 billion. The round was led by funds managed by Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.https://t.co/x4DIjw6Crd ...