April 2019

It may seem old fashioned, but it is still possible to place some of your wealth and prospects into the ancient practice of hoarding gold. Gold has been the standard of wealth for centuries, in almost every culture that requires some system of barter, from Europe to Asia to South America. The metal has been…

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Spot gold had dipped 0.2 percent to $1,287.34 per ounce, off a low of $1,281.96, its lowest since April 4. U.S. gold futures fell 0.4 percent to $1,290.60 an ounce. U.S. Treasury Secretary Steven Mnuchin said on Saturday he hoped Washington and Beijing were “close to the final round” of negotiations to resolve the trade…

Read More Gold prices slide lower as investors see progress in U.S.-China trade talks

Eric Sorensen is one of the last standing men of his generation. As one of the early quants, Sorensen, now 71, is the oldest quant researchers running a large quantitative investment firm — one currently with over $46 billion under management. As head of Boston-based PanAgora Asset Management, he looks at trends in artificial intelligence,…

Read More “King Of Quants” Questions Machine Learning: “Can Machines Learn Without Humans?”

It’s one of those things everyone who has thought about retirement knows: Younger people are supposed invest in stocks, and older people should mostly own bonds. But two of the most respected wealth managers in the country say that’s a bad approach. The objections come from Jeff Erdmann, who has topped Forbes’ list of the…

Read More Two of America’s most acclaimed wealth managers for the ultrarich explain why a famous approach to retirement investing is dead wrong — and reveal what people should do instead

*Prices as of opening Friday, April 5, 52-week high represents all-time high That was followed by J.P. Morgan’s strong earnings and CEO Jamie Dimon’s comments that the U.S. economy was strong. The third driver was Chevron’s $33 billion acquisition of Anadarko, which sparked a rally in the energy sector as traders speculated on more deals.…

Read More Stocks are at an inflection point that could take the market to new highs

On April 8, the Global Development and Economy program at Brookings and IFC hosted an event to discuss impact investing, as well as findings from IFC’s report “Creating Impact: The Promise of Impact Investing.” Impact Investing: Achieving Financial Returns While Doing Good Transcript Good morning everybody and thank you for the opportunity to share with…

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