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Malaysian Reserve
6 hours ago
- Business
- Malaysian Reserve
GDS Wealth Management Named to Inc. 5000 List for Second Consecutive Year
DALLAS, Aug. 15, 2025 /PRNewswire/ — GDS Wealth Management, a premier financial advisory firm serving individuals and families across the nation, is proud to announce its inclusion on the Inc. 5000 list of fastest-growing private companies in the U.S. for the second year in a row. This recognition by Inc. Magazine, a benchmark of entrepreneurial success for over four decades, underscores GDS Wealth Management's unwavering commitment to excellence, results, and hard work. The firm's continued growth is a testament to its mission: to help people live better lives, not only for the clients it serves, but also for the dedicated professionals who power its success. 'According to Harvard Business Review, the average person works 90,000 hours in their lifetime,' said Glen D. Smith, founder, CEO, and CIO at GDS Wealth Management. 'At GDS Wealth Management, we believe those hours should yield more than just financial security; they should lead to fulfillment, freedom, and peace of mind. Being recognized on the Inc. 5000 list for the second consecutive year is both humbling and affirming. I'm incredibly proud of the exceptional team that pours their energy, expertise, and passion into serving our clients with unwavering dedication and excellence'. With a team of passionate, highly skilled advisers, GDS Wealth Management is committed to delivering high quality service tailored to the unique needs of individuals and families. The firm's holistic approach to wealth management includes investment strategy, estate planning, tax optimization, and legacy building, anchored by a deep understanding of each client's goals and values. As the firm grows, it continues to uphold its core values and strives to deliver positive outcomes for clients. Click here to learn more about the Inc. 5000 ranking methodology, or for the complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria. Ready to elevate your financial future with confidence and clarity? Partner with a GDS Wealth Management adviser and experience personalized, goal-driven guidance tailored to your unique goals. Call us at (469) 212-8072 or visit to schedule your complementary financial consultation today. Inclusion on the Inc. 5000 list is not indicative of GDS Wealth Management's future performance or client experience. No compensation was provided for this recognition. Visit for methodology details.
Business Insider
14-07-2025
- Business
- Business Insider
Earnings, inflation, and the trade war — it's about to be a big week for markets
Stock traders are heading into a heavy week of data and potential catalysts for stocks. Major indexes dipped on Monday, but the reaction to the latest tariff drama has been light. Bank earnings, inflation, and a week of crypto talks in Congress are some of what market's are eyeing. The stock market is heading into a week chock-full of possible catalysts. US stocks continued to dip slightly from record highs notched last Thursday, but the move down was fairly tame even as traders assessed President Donald Trump's latest tariff threats over the weekend. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday: S&P 500: 6,252.96, down 0.11% Dow Jones Industrial Average: 44,400.52, up 0.07% (+29 points) Nasdaq composite: 20,565.99, down 0.09% Here are the big things on investors' radar this week. Earnings Earnings season kicks off in earnest this week with results from the big banks. Large bank earnings will probably be "solid," thanks to overall strength in the US economy and factors that have helped bank trading desks, according to Glen Smith, the chief investment officer at GDS Wealth Management. "The big question for markets in the coming weeks is if earnings, which are expected to be solid, can overshadow the tariff issues that are still there in the background," Smith said. Inflation Investors are waiting on fresh inflation data, which could change the outlook for Fed rate cuts this year. The June consumer price index is expected to be released by the Labor Department on Tuesday, which should give markets fresh insight into how tariffs are affecting the US economy. Economists expect consumer inflation to climb 2.6% in June, hotter than last month's 2.4% yearly increase. Economists have warned that tariffs can be inflationary, as companies facing higher import costs could pass the expenses on to consumers. Markets, meanwhile, are pricing in the near certainty that the Fed will leave rates unchanged at its July policy meeting, according to the CME FedWatch tool. "The June CPI is likely the first inflation report that noticeably reflects higher prices from tariffs," Smith added. Trump's trade war President Donald Trump's trade war has kept markets on edge since he announced his Liberation Day tariffs in April, but the market reaction to the latest salvo has been relative tame. The S&P 500 notched a record high last week even as the president threatened more than 20 countries with tariffs starting on August 1. Investors seem to betting on the TACO trade, an acronym standing for Trump Always Chickens Out, in reference to Trump's habit of backing down from his most aggressive policy proposals. But some have argued that the market's insistence that Trump will always pivot will ultimately backfire. GMO's Ben Inker told BI last week that a tepid reaction from the market will only embolden Trump to push on with his trade war. The current array of tariffs currently hovers between a "Middle Case" and a "Worse Case" scenario, Ronald Temple, the chief market strategist at Lazard, wrote in a note. The market's reaction to the latest tariff increases confirms that investors aren't "out of the woods" yet, GDS's Smith added. "For investors who missed the opportunity to put new money to work when valuations were much lower in April, it's best to remain on the lookout for any pullbacks and be ready to add new money when the opportunity arises," he added. Crypto rally Monday marks the start of crypto week, with lawmakers expected to debate key pieces of crypto-related legislation. The GENIUS Act: A Senate bill that provides a regulatory framework for issuing stablecoins. The CLARITY Act: A bill that allows regulators to categorize cryptocurrencies as either a commodity, a security, or a currency. The Anti-CBDC Surveillance State Act: A House bill that bans the Federal Reserve from issuing a central bank digital currency. Bitcoin continued its record-setting rally on Monday, topping $122,000 after notching a series of fresh records last week. The crypto traded as high as 122,700 early Monday. "Bitcoin continues to defy the doubters and has now shot past $120k, driven by a combination of renewed risk appetite and growing institutional demand. Confidence is clearly returning to the markets, with investors rotating back into high-beta assets like crypto," Harry Mills, the director at Oku Markets, wrote in a note.
Wall Street Journal
06-06-2025
- Business
- Wall Street Journal
Reassuring Jobs Report Brings Relief to Investors
A better-than-expected jobs report juiced optimism on Wall Street. 'It is extremely encouraging to see a six-figure print during a time of significant uncertainty driven by tariffs and economic fears,' said Glen Smith, chief investment officer at Texas-based GDS Wealth Management. Despite some signs of weaknesses in this morning's data, the report staved off fears of an imminent and severe job-market slowdown.
CNN
06-06-2025
- Business
- CNN
Dow jumps 550 points as Wall Street tries to cope with trade war, Trump-Musk spat
Stocks rose on Friday after a slightly better-than-expected jobs report soothed nerves about how the US economy has been holding up during the early stages of President Donald Trump's tariff regime. The Dow was up by 570 points, or 1.35%. The broader S&P 500 rose 1.24% and the tech-heavy Nasdaq Composite gained 1.4%. The S&P 500 climbed above 6,000 points, which is a level it had not touched since February. The benchmark index was set to end the week in the green. Stock futures jumped higher Friday morning after data from the Labor Department showed the economy added 139,000 jobs last month, which was a slowdown from the month prior but better than anticipated. Wall Street has been looking for any sign of relief that the economy might be muddling through the uncertainty stoked by Trump's tariffs. Data from ADP on Wednesday showed an unexpected drop-off in private-sector hiring, though Friday's Labor Department data helped assuage concerns about the economy. 'While job growth decelerated in May, the payroll data came in above expectations and it is extremely encouraging to see a six-figure print during a time of significant uncertainty driven by tariffs and economic fears,' said Glen Smith, CIO at GDS Wealth Management. Yet uncertainty lingers about how Trump's tariff policy might impact economic growth and business activity in the coming months. It will likely be a few months before the full impact of tariffs on business decisions, hiring and inflation show up in the economic data. 'The deleterious impacts of uncertain tariff policies have yet to be fully reflected in the jobs data,' said Steve Wyett, chief investment strategist at BOK Financial. Stocks leading the rebound included Tesla (TSLA), which rose 5% after an enormous drop the day prior. Tesla on Thursday plummeted 14% after President Donald Trump and CEO Elon Musk, who recently stepped aside from his role leading the Department of Government Efficiency, traded barbs on social media. The slide wiped roughly $152 million off of Tesla's market value, which was the biggest single-day drop in value in the company's history. Trump on Friday told CNN's Dana Bash that he's 'not even thinking about Elon' and won't speak to him 'for a while.' 'He's got a problem,' the president said. 'The poor guy's got a problem.' Investors sold government bonds and yields rose as traders dialed back their expectations for rate cuts from the Federal Reserve this year. A resilient labor market gives the Fed more time to hold rates steady. The yield on the 10-year US Treasury rose to 4.47% and the yield on the 30-year US treasury rose to almost 4.94%. 'The Fed should be reluctant to cut rates because the full effects of tariffs haven't impacted inflation numbers yet and the job market isn't deteriorating enough to force their hand,' said Chris Zaccarelli, chief investment officer at Northlight Asset Management. Investors in recent weeks have increasingly embraced the 'TACO' trade, betting that 'Trump always chickens out' on his most aggressive tariff threats. Trump and Chinese President Xi Jinping spoke by phone on Thursday. The long-awaited call comes after weeks of simmering tensions between Washington and Beijing. 'While there is still uncertainty over tariffs, the stock market is forward looking and has been pricing in an eventual thawing of trade fears,' Smith said. 'It's becoming clear that the rhetoric on tariffs is much tougher than the action.' Trump separately hiked tariffs on steel and aluminum imports to 50% from 25%, which went into effect on Wednesday. Wall Street had largely expected the tariffs, and rallied despite their implementation. 'There are no signs of a summer break from tariff drama,' analysts at JPMorgan Chase said in a Tuesday note. US stocks are coming off their best monthly gain since November 2023 as Wall Street has steadily climbed out of the hole caused by Trump's tariff uncertainty. The S&P 500 is up about 1.75% so far this month. This is a developing story and will be updated.
New York Post
06-06-2025
- Business
- New York Post
US adds 139K jobs in May as hiring remains steady despite tariff uncertainty
Hiring remained steady in May and the unemployment rate was unchanged in a crucial economic report as some worried that heightened uncertainty amid President Trump's tariffs would start to hit jobs. US employers added 139,000 jobs last month, slightly above expectations of 125,000, the Labor Department said Friday. The unemployment rate held steady at 4.2%. Christopher Sadowski Advertisement The unemployment rate held steady at 4.2%, even as some economists had cautioned that uncertainty could start to flame this figure. 'While it's encouraging to see that the economy still added a healthy clip of jobs during the month of May, the next few jobs reports will be particularly important since a continued deceleration could push the Federal Reserve to cut interest rates sooner than later,' Glen Smith, chief investment officer at GDS Wealth Management, said in a note. 'Friday's jobs report shows slowing but still solid growth, which may warrant a rate cut at some point towards the end of the year, at the Fed's November or December meetings.' Advertisement Futures tied to the Dow Jones, S&P 500 and Nasdaq ticked up after the report's release. Friday's job report is expected to extend the Federal Reserve's wait-and-see approach to cutting interest rates. Some aspects of the data did signal struggles, however, as the labor force shrank by 625,000 and the participation rate, which measures the share of adults working or looking for work, dropped by two-tenths of a point. This is a developing story. Please check back for updates.
