Author: Press Room

For investors, working with a wealth advisor who operates through an independent registered investment advisor — for short, RIA — confers eight key advantages. 1 – Fiduciary duty provides added assurance for investors Independent RIAs are held to the fiduciary standard, which means they must put their clients’ interests before their own — or anyone else’s. 2 – Transparency lets clients see exactly what they’re paying for Even beyond the fiduciary standard of trust, independent RIAs are required to disclose any potential conflicts of interest and to provide regular reports on their investment strategies and performance for clear insight on…

Many Americans plan to save less than $5000 this year and are relying on their tax refunds to build rainy day funds, according to a recent survey. The majority of Americans (59%) saved about the same last year, according to the TaxAct survey. Financial experts recommend that consumers have roughly three to six months’ worth of living expenses in emergency savings but inflation and rising costs have made this target a challenge.  Inflation and rising costs were listed as the top financial concern for over 50% of respondents and the biggest reason why Americans are unable to build savings. This concern has…

Legendary value investor Warren Buffett said he has no expertise in artificial intelligence whatsoever, but thanks to Bill Gates, he took a crack at the buzzy chatbot ChatGPT.”I think it’s something I don’t understand at all, but Bill did come by about four or five months ago at least. [He said] ‘I’m going to show you the latest thing and what can be done with that.’ I actually said take the song ‘My Way’ and write it in Spanish,” Buffett told CNBC’s Becky Quick on “Squawk Box” Wednesday from Tokyo. “Two seconds later, you know, it comes out and it comes out…

Investing legend Warren Buffett believes there could be more bank failures down the road, but depositors should not ever be worried.”We’re not over bank failures, but depositors haven’t had a crisis,” the Berkshire Hathaway chairman and CEO told CNBC’s Becky Quick on “Squawk Box” Wednesday from Tokyo. “Banks go bust. But depositors aren’t going to be hurt.”The collapse of Silicon Valley Bank and Signature Bank last month — the second- and third-largest bank failures in U.S. history — prompted extraordinary rescue action from regulators, who backstopped all deposits in the failed lenders and provided an additional funding facility for troubled banks.The “Oracle of Omaha”…

The pace of US consumer price increases continued to cool down in March from last summer’s scorching-hot levels: Annual inflation, as measured by the Consumer Price Index, dropped for the ninth consecutive month, the Bureau of Labor Statistics reported Wednesday. Prices rose 5% for the 12 months ended in March, down from 6% in February. It’s the smallest 12-month increase since May 2021. On a monthly basis, CPI, which measures price changes over time for a basket of goods, ticked up 0.1% from February, as compared to a previous 0.4% increase. Shelter costs were the largest contributor of the monthly…

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Singapore, Singapore, April 12th, 2023, ChainwireFamed Developers of Iconic Game Franchises, Mega Man and Tekken to Serve as Inaugural Legends DAO Partners with Their Original IPs, BEASTROID and BRAIN FIGHTER, on a New PlatformMinnapad, a create-to-earn DAO launchpad and NFT marketplace that provides access to renowned Japanese creators, announced the first two DAOs in a series planned for this year. The inaugural kick-off will be in partnership with two game creators, allowing fans to collaboratively create legendary DAO projects…

Artificial intelligence and tools like ChatGPT are permeating every industry. Media and entertainment are not immune to AI’s reach, but some Hollywood creatives may resist. A private credit investor explains why Wall Street sees the potential for big returns from the tech. Come with me — if you want your script to live.That could be the message from a growing subset of companies working to harness artificial intelligence and data to help determine the market potential for new Hollywood screenplays, according to a Wall Street investor who recently told Insider he’s bullish about windfalls the tech could generate.”What we’re interested in…

Goodfood Market Corp. (OTCPK:GDDFF) Q2 2023 Earnings Conference Call April 12, 2023 8:00 AM ET Company Participants Jonathan Ferrari – CEO Ross Aouameur – CFO Neil Cuggy – President & COO Conference Call Participants Frederic Tremblay – Desjardins Martin Landry – Stifel Luke Hannan – Canaccord Genuity Operator Good morning, ladies and gentlemen, and welcome to the Goodfood Q2 2023 Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. As a courtesy to others, we ask that each participant limit themselves to one question and…

Wall Street stocks gained ground and Treasuries rallied on Wednesday after closely watched US inflation data fell slightly more than expected, easing pressure on the Federal Reserve to keep raising interest rates. The benchmark S&P 500 rose 0.6 per cent in early trade, with technology and basic material stocks among the best performers. The tech-heavy Nasdaq Composite added 0.7 per cent shortly after the New York open. The moves in equity markets came as traders reacted to the latest US consumer price index report from the Bureau of Labor Statistics. Data on Wednesday showed headline annual inflation slowing from 6…