The merger of the Siebert Cisneros Shank & Co. and the Williams Capital Group investment banks are merging to form Wall Street’s largest woman- and minority-owned firm. The new entity will be led by Chief Executive Suzanne Shank, who is describing the move as a merger of equals. Shank is the only African-American woman to run a… Continue Reading
The New Jersey Office of Export Promotion announced that it has been awarded $900,000 in federal funds, for a program that supports small-business owners looking to export goods. This is the largest in the program’s history, from the U.S. Small Business Administration (SBA) through the State Trade Expansion Program (STEP). The program has assisted hundreds… Continue Reading
Big companies are picking seasoned veterans for the most senior financial positions as they face challenges related to changing technologies, shifting consumer tastes, and economic outlooks. Corporate recruiters say the average age of CFOs has increased significantly this year: Finance chiefs at Fortune 500 and S&P 500 companies averaged 52.8 years in 2019. That’s five… Continue Reading
China has “opened up” to the rest of the world. This has “ushered in a new wave…particularly visible in the newly-released Catalogue of Industries for Encouraged Foreign Investment 2019 and the 2019 Negative Lists.” This was recognized at the 13th Summer Davos Forum as well as the recent (Japan-hosted) G-20 summit. The “opening up” movement… Continue Reading
According to a recent article put out in the IMF Blog: “advanced economies have larger balance sheets compared to emerging markets and low-income developing countries. This reflects the size of their public sectors, which generally provide more infrastructure and services. But advanced economies also have larger liabilities and, on average, lower net worth.” So what… Continue Reading
America’s debt is huge. Standing at 22 trillion dollars, this figure is not doing anyone any favors. Indeed, according to Research Assistant at the Catholic University of America, Robert Warren, “we have a credit card now and our grandchildrens name is on the card and they will get the bill. They will have to pay… Continue Reading
One way to measure the success of the US economy is to review consumer spending. While Q4 2018 business spending escalated to 2.6 percent, economists are concerned that Q1 2019 will not even grow at half that level due to “sluggish consumer spending” as well as the government shutdown. One of the reasons for the… Continue Reading
In this video, The Economist’s Capital Markets Editor John O’ Sullivan talks about where to invest in 2019. He begins by talking about the not so positive 2018 year of stock investments and how this trend really began in 2009 with the bullish market. Continue Reading
As we come to the end of 2018 and complete our fiscal statements for the year, it’s a good time to start looking at possible investment options for next year. And with a quick scour of the net, one can find a variety of individual experts giving their personal preferences as to the best way forward.… Continue Reading
In this video (moderated by David Rubenstein and filmed in Singapore) financial experts Gary Cohn, Laurence Fink, Mark Machin and Minouche Shafik come together to debate the way top investors analyze global market risks. Continue Reading