Lee Woon Shiu, DBS Bank’s group head of wealth planning, says “the family office proposition is … the most important game changer to come out of Singapore in the last five years in the wealth management space.”
Category: Finance News
Big banks are talking up generative A.I. — but the risks mean they’re not diving in headfirst
Major banks and fintech companies claim to be piling into generative artificial intelligence, but there are lingering fears about potential pitfalls and risks.
Tesla rises for a record 12th straight day. Here’s how to play the stock
Pros on CNBC discussed what they think about Tesla as the stock hits a record 12th-straight day of gains.
Inflation report Tuesday will be critical for the direction of Fed policy
The consumer price index is expected to show that all-items inflation increased just 0.1% last month, equating to a 4% annual rate.
Stocks making the biggest moves midday: Carnival, Nasdaq, Oracle, KeyCorp and more
These are the stocks posting the largest moves midday.
The rich often misjudge the potency of their retirement savings, report finds
Relative to other income groups, high earners tend to think they’re on track for retirement when they’re actually not, a new study found.
Andreessen Horowitz to open first office outside the U.S. in London in bet UK will become crypto hub
Andreessen Horowitz, a major U.S. technology investor, said it plans open its first international office in London.
Ray Dalio says Treasurys are risky, and stocks are a better bet here
Billionaire investor Ray Dalio thinks U.S. government bonds are becoming risky as the country descends deeper into its debt crisis.
Goldman Sachs CEO David Solomon warns of pain ahead for commercial real estate
The commercial real estate industry is in the throes of a painful adjustment to higher borrowing costs and lower occupancy rates.
Inflation outlook hits two-year low in latest New York Fed survey
The Survey of Consumer Expectations for May showed one-year inflation expectations down 0.3 percentage points to a 4.1% rate.