The Oracle strikes again

<i>Breakfast with Benjamin:</i> Warren Buffett's warning to Coke comes to pass. Plus: Borrowing increases, as do divorce rates, all thanks to the economy. And what the cold weather hath wrought, why so few 'sell' ratings on stocks and crashing a Wall Street secret society meeting.

FEB 18, 2014

By Jeff Benjamin

They don't call him the Oracle for nothing. Last year, Warren Buffett warned Coca-Cola not to become complacent in the face of success but the soft drink giant said sales fizzled for the fourth straight quarter. Buffett's Coca-Cola complacency warning foretells troubled year
Borrowing increased by the most in a while as more Americans looked for loans to buy homes, cars and pay for college in the last quarter, according to a report by the Federal Reserve Bank of New York. U.S. borrowing grows by biggest amount in six years
Are more of your clients interested in divorce? Many couples who stayed together for economic reasons are once again proceeding with a divorce as the economy recovers. Worsening U.S. divorce rate points to improving economy
Another consequence of the cold weather? Homebuilders' confidence in the market. Poor weather conditions led to a decline in buyer foot traffic last month, the Star-Ledger reports.
Sure, there's a lot of optimism in the markets, but why are so many analyst recommendations positive? Here are five main reasons why only 25 stocks on the S&P 1500 index have a sell rating right now. Why Wall Street never tells you to sell
Every industry has its own way of dealing with (or celebrating) its follies. Here's what one reporter found when he crashed a party for a Wall Street secret society.

Fintech bytes: FP Alpha rolls out estate insights feature

Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.

Morgan Stanley, Atria job cut details emerge

Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.

Envestnet taps Atria alum Sean Meighan to sharpen RIA focus

The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.

LPL, Evercore welcome West Coast breakaways

The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.

Supreme Court slaps down brokerage's appeal vs. FINRA expulsion case

The high court's decision rebuffing Alpine Securities marks a setback for a broader challenge to Wall Street's reliance on self-regulatory organizations.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.

The Oracle strikes again

Latest News

Newsletters

SUBSCRIBE

Subscribe for just $19.99 per month.