Latest news with #Barron's
Business Wire
5 days ago
- Business
- Business Wire
Lisa Detanna Named to Barron's 2025 List of Top 100 Financial Advisors
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--The Global Wealth Solutions Group of Raymond James is proud to announce that Lisa Detanna, Private Wealth Advisor and Managing Director, has been named to Barron's prestigious 2025 Top 100 Financial Advisors list. The list, which recognizes top advisors across the country, was released online May 9, 2025. This recognition reflects Lisa's decades-long commitment to delivering personalized, objective, and forward-thinking financial guidance to clients nationwide. 'I'm honored to be recognized by Barron's alongside so many outstanding advisors,' said Detanna. 'This recognition is a testament to the trust our clients place in us and the exceptional dedication of our entire team at the Global Wealth Solutions Group.' Published annually, Barron's Top 100 Financial Advisors list highlights the most accomplished wealth managers in the United States. Rankings are based on a range of criteria, including assets under management, revenue produced, regulatory record, and overall quality of practice. Lisa's inclusion in this elite group underscores her leadership in the industry and her unwavering focus on client success. With a career spanning more than 30 years, Lisa Detanna has become a trusted advisor to family offices, multigenerational families, and high-net-worth individuals. Her passion lies in helping clients uncover what matters most to them, facilitating meaningful conversations around inheritance, estate planning, and financial education. Her goal is to foster greater harmony, clarity, and confidence in her clients' financial lives. To reach Detanna or her team The Global Wealth Solutions Group of Raymond James, located at 9595 Wilshire Blvd, Suite 801, Beverly Hills CA 90212, for more information call 310-285-4506 or visit website at About Raymond James Raymond James Financial, Inc. (our parent company), (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations, and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.45 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at © 2025 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. 2025 Barron's Top 100 Financial Advisors Barron's is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by 1,402 individual advisors and their firms and include qualitative and quantitative criteria. Data points that relate to quality of practice include professionals with a minimum of 7 years financial services experience, acceptable compliance records (no criminal U4 issues), client retention reports, charitable and philanthropic work, quality of practice, designations held, offering services beyond investments offered including estates and trusts, and more. Financial Advisors are quantitatively rated based on varying types of revenues produced and assets under management by the financial professional, with weightings associated for each. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients' risk tolerance than by an advisor's investment picking abilities. This ranking is based upon the period from 1/1/24 to 12/31/24 and was released 5/9/2025. 100 advisors won. This ranking is not based in any way on the individual's abilities in regard to providing investment advice or management. This ranking is not indicative of an advisor's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Compensation provided for using the rating. Barron's is not affiliated with Raymond James.
Yahoo
25-05-2025
- Business
- Yahoo
The US Economy Just Shrank for the First Time in 3 Years: What That Means for Your Wallet
The Q1 2025 GDP results are in, and the results were not exactly encouraging. While in a typical quarter the U.S. GDP grows by 2% to 4%, in Q1 2025, the economy actually shrank. Considering that two consecutive quarters of negative GDP growth typically constitute a recession — and the fact that many economists have been predicting a recession in 2025 — investors are unsurprisingly on edge. Consider This: Find Out: But what exactly does a shrinking GDP mean for the economy and your wallet? And was this reading the start of a trend or simply a one-off reading? Read on to learn all the details. The economy shrank by 0.3% in the first quarter of 2025, marking the first contraction since Q1 2022. This was a stark contrast to the 2.4% rate of growth in Q4 2024. Although economists were expecting a negative reading, estimates were for a drop of 0.2%, slightly better than the negative 0.3% that was reported. Be Aware: It's often said that economists can't identify a recession until it has already passed. If the Q1 2025 GDP reading is the first of two in a row, which would meet the traditional definition of a recession, it would mean that the country is likely already in a recession. The economic slowdown that defines a recession can hit your wallet in various ways. Recessions usually result in layoffs and job losses, so your income may be at risk. Debt levels tend to rise during a recession, and this would be a likely consequence if you lose your job and don't have an adequate emergency fund. Investment values also tend to fall during a recession, meaning your retirement account or other investments may take a hit. The drop in first-quarter GDP and the potential for the economy to fall into a recession fit neatly into the narrative that the Trump administration's tariffs were destined to drag down the economy. But that may not necessarily be the case. According to Gus Faucher, chief economist at PNC Financial Services Group, trade did play a role in the first-quarter GDP drop, but perhaps not in the way that you might imagine. As Faucher sees it, 'We saw companies bringing in a lot of imports to try to get ahead of tariffs. We saw a huge build in inventories.' This imbalance in imports — which were essentially 'pulled ahead' into Q1 to avoid getting hit with tariffs — was the primary driver behind the drop in GDP. Highly-regarded financial publication Barron's notes that the 41% surge in Q1 imports 'is likely to be a one-time event.' Meanwhile, the primary drivers of the economy, inflation-adjusted final sales to domestic purchasers and consumer spending, actually rose in the quarter, by 3% and 1.8%, respectively. While the Q1 decline in GDP may prove to be an anomaly, this doesn't mean that there is no risk of the economy continuing its decline and falling into a full-blown recession. Barron's notes that Trump's tariffs are a moving target, making it hard for companies to conduct business as usual amidst all the uncertainty. Additionally, Chinese imports have already plummeted, something that could cause severe economic ripples in the coming months. There is certainly a very possible scenario in which the economy continues to contract as the trade war continues. While a recession is not guaranteed, and certain data points suggest the economy remains strong, it's never a bad idea to review your financial position and see if you are prepared to weather an economic contraction. An emergency fund that can cover three to six months of your living expenses is a good start. Paying down debt, living within your means and doing your best to prove your value at work are all additional ways to help defend against the effects of a recession. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on The US Economy Just Shrank for the First Time in 3 Years: What That Means for Your Wallet Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Asia Times
21-05-2025
- Business
- Asia Times
The Nvidia way of building a great company
Nvidia is now worth about three trillion US dollars, making it the second most valuable public company in the world. By establishing leadership in AI technology chips, Nvidia is in a unique industry position for growth and profitability. This accomplishment, under the leadership of Jensen Huang, the firm's CEO and co-founder, ranks him among the historic entrepreneurs who pioneered major new industrial sectors. How this success was achieved is discussed in a new book by Tae Kim, a writer for Barron's, entitled 'The Nvidia Way.' As he tells it, the company's extraordinary success is the result of brilliant technology execution, excellent timing in new product strategy and ultra-fast scaling to meet market needs. Underlying Nvidia's success is a unique, unconventional management method developed by Huang that involves practices generally deemed to be impractical. 'If Nvidia had not evolved from its early, more conventional form, it would not have survived even with Jensen in charge. But the organization dynamic he eventually created—one that represents the exact opposite of the 'best practices' in most of the rest of corporate America–has made it possible for the company to withstand and thrive amid the pressures of an externally unforgiving market.' Huang's organization addressed a big problem of technology companies: identifying important market developments early and responding rapidly with corporate developments to prevent becoming obsolete. Bureaucracy grows along with company size. As companies grow organized in conventional hierarchies, senior leaders become increasingly isolated from day-to-day developments in their markets. With layers of management required for strategic decisions grows an appetite for low-risk investments. Furthermore, overlapping internal committees slow the process of the timely decision-making needed to avoid ultimate failure. The technology world moves ever faster. Early on, Nvidia went through a period of conventional management structure and nearly failed. Huang decided to streamline the company's management and make it rapidly responsive to market needs. To that end, he needed to organize something radically different built around his personal skills. Huang thus organized the company to avoid the lag between market needs and response by a flat management structure and his personal involvement in the daily corporate activities he deemed relevant to making timely decisions. His intent was the most rapid response possible. He accomplished that by an established flow of daily interactive e-mails from as many as 60 key staff members that kept him updated as quickly as possible on competitive and product developments. In effect, he used these emails to communicate and manage a reporting group of many senior managers. Huang strives to eliminate the delay in decision-making between himself and this team by in-person large group meetings that focus on problem-solving using whiteboards to present and discuss problems and solutions. Significantly, PowerPoint materials are not used. The focus is on current problems and needed creative actions to solve them by the company's leadership. At the end of such meetings, Huang offers his conclusions regarding actions to be taken by the company. Such meetings set or reset strategic actions with key staff involved and briefed. Having been personally involved in technology company management, it is clear that Huang's organization is a personal structure. However, it does highlight the importance of ever more efficient strategic decision-making for success, which needs to be the goal of every company. He has certainly shown one way to eliminate bureaucratic smothering of innovation. Henry Kressel is a technologist, inventor and author with extensive experience in technology development and corporate management. He is also a long-term private equity investor in technology companies.
Yahoo
19-05-2025
- Automotive
- Yahoo
How Much Are Cybertruck Owners Paying For Insurance?
Ironically for a quiet electric vehicle, there sure is a lot of noise swirling around the Tesla Cybertruck. Tesla CEO Elon Musk made a lot of claims about the Cybertruck that turned out to be exaggerated (at best). Then, since its release, all sorts of rumors have bounced around, from trucks getting bricked by being washed to questions about the durability of the stainless steel shell. Through all of that noise, prospective buyers may simply want to know how much they cost to insure. Here, too, rumors swirl, including reports that certain carriers are dropping Cybertruck coverage altogether. To get to the truth of the matter, Insurify, a virtual insurance agent, ran a market analysis and concluded that insurance on a Cybertruck, on average, will set the owner back almost $3,400 per year. Separately, Barron's, a financial magazine published by Dow Jones, did its own calculation and found it could insure a Cybertruck for $2,400 per year, though it also concluded those costs could climb all the way up to $4,500. Read more: The Best-Looking Pickup Trucks Ever Sold, According To Our Readers As a point of comparison, Insurify deems the Cybertruck to be the cheapest Tesla to insure; the popular Model 3 is actually the most expensive, despite its much lower sticker price. On the other hand, the Cybertruck is still significantly more expensive to cover than the great-grandaddy of all pickup trucks, the Ford F-150; Barron's has the stainless steel beast as 40% steeper than the good old Ford. The Cybertruck also comes out as 45% higher than the national average, and not much better against the EV average. With all that said, these are all estimates of averages. If you are looking to insure a Cybertruck yourself, your rate is going to depend on a lot of factors, such as your location, age, and driving record. With this vehicle, you also might have fewer options of insurer, since some carriers seem wary about covering it at all. As always, it's best to do your research before you buy the truck, so you know what you're getting into. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Mint
18-05-2025
- Business
- Mint
The US doesn't have a perfect credit rating anymore. Investors shouldn't worry yet.
After the closing bell on Friday, Moody's became the last major credit-rating firm to downgrade U.S. sovereign debt from its perfect AAA status to Aa1. The firm argues that the U.S. is on a trajectory to increase entitlement spending—without the necessary government revenues to keep interest payment ratios at levels similar to other sovereign nations. While the impact of the downgrade on bond markets won't be clear until they open Sunday night, investors may not yet have to worry about major near-term impacts to U.S. equities or Treasury yields, money managers told Barron's. Given the U.S. hasn't had a perfect AAA rating across all major agencies for quite some time, the market has likely already absorbed some level of risk assessment, Gregory Peters, co-chief investment officer at PGIM Fixed Income, told Barron's. Mass selling of U.S. debt by institutional investors who are required to only hold the Aaa debt is unlikely, he added. Many institutions changed their fund mandates to create a carveout for U.S. Treasuries after the U.S. received its first debt downgrade by S&P in August 2011. 'I expect the impact to be minimal," Peters said. While some foreign investors may sell U.S. debt due to the downgrade, the implications from those sales are quite limited, and any signal that they might sell could have greater impact than any 'technical implications," he added. The extent to which foreign investors are concerned about holding U.S. assets has been a hot topic in recent months, as the United Kingdom surpassed China at the end of March as the second-largest holder of U.S. debt (Japan remains the largest). While data shows that foreign holdings of U.S. debt reached an all time high of $9.05 trillion in March, more recent data could reflect the period following President Donald Trump's announcement of so-called 'Liberation Day" tariffs on the world that contributed to the 10-year Treasury yield rising from 3.8% to nearly 4.6% in April. Analysts have speculated that the yield increased as foreign investors dumped U.S. debt. However, recent Treasury auctions show net buying of U.S. debt by indirect bidders such as central banks, according to Ben Emons, chief information officer and founder of FedWatch Advisors. Weekly Japanese Ministry of Finance data also shows the country is continuing U.S. Treasury purchases. 'Irrespective of the downgrade, I think that Treasury yield volatility continues because we're in a fluctuating economic environment, and that's actually what's driving them," Emons told Barron's. Trump's temporary walkback of 145% tariffs on China earlier this week improved the macroeconomic outlook considerably, reducing recession risk and sending equities positive on the year. But the relief rally has also contributed to Treasury yields rising from 4.1% back to nearly 4.5% as forecasts for U.S. economic growth improved. Meanwhile, House Republicans are preparing an extension of historic Trump-era tax cuts that will increase the deficit. 'We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration," Moody's analysts wrote in their justification for the rating downgrade. Treasury yields are near the threshold where they have historically started exerting negative pressure on the stock market, according to Raymond James analysts and a 22V Research team led by Dennis DeBusschere. Higher borrowing costs can increase the risk of recession when yields are around 4.7%, with the worst-performing sectors typically being communications services, real estate, consumer discretionary, financial services, the analysts said. Resilient sectors, they found, are usually utilities, materials, industrials, and energy. If the trade war slides into the rear view mirror and public markets absorb more positive economic forecasts and manufacturing data, this downgrade is unlikely to have an impact on U.S. equities, according to Emons. The country's large, resilient economy, the dollar's global reserve status, and the Federal Reserve's effective, independent monetary policy contributed to the agency changed its credit outlook on the U.S. from negative to stable, Moody's said. Even if the downgrade does not impact stock or bond markets,, investors are not entirely out of the woods: Inflation data doesn't yet reflect the high tariffs that were in place in China for more than a month. Higher inflation could keep Treasury yields high as the Fed becomes wary to cut interest rates, which could also pressure U.S. equities, Emons said. But until then, investors are pricing in an economy that's in a potential rebound.
