News Regulators 

Fed’s Clarida says central bank may adopt ‘makeup’ strategy after inflation undershoots

“Richard Clarida, the vice chairman of the Fed and its highest-ranking economist, laid out the possible inflation strategy as he described the communications review the central bank is undertaking” writes Senior Economics Reporter for marketwatch.com. At the conference, Wall Street economists pressed Fed officials on whether the central bank could even achieve an overshoot of its inflation target if it adopted the strategy.The vice chairman of the Federal Reserve on Friday laid out the possibility the central bank will allow inflation to run above target if prices have grown too…

Read More
News 

Some simple math can help you stop wasting money and start spending it in ways that actually improve your life

“Instead, spend money in ways that reflect your values” writes Shana Lebowitz for businessinsider.com. Bottom line: You don’t have to spend money in traditionally respectable ways, like buying a high-tech kitchen gadget because cooking is #adulting.Put simply, it’s about spending money where you spend the most time.But the part of this strategy I really like is spending money so you can spend less time on things you hate.A recent article by Eric Ravenscraft for The New York Times offers a neat strategy for deciding how to spend your money. Source: businessinsider.com

Read More
News 

Verizon just shared new details with Wall Street its 5G strategy but also walked back a key projection

“Verizon said it expects to be about 18 months ahead of rivals in adopting mobile 5G. While Verizon broke news about its mobile 5G strategy, the company hedged plans for the rollout of its 5G Home service” reports businessinsider.com. Verizon will launch its mobile 5G network in more than 30 US cities in 2019, the company said at an event it held for investors on Thursday.The company also said its first 5G-capable Samsung Galaxy smartphone would be available in the first half of 2019, limited to Verizon subscribers. Source: businessinsider.com

Read More
News 

Levi Strauss & Co. appoints chief strategy and artificial intelligence officer

“LEVI, +0.00% has named Katia Walsh chief strategy and artificial intelligence officer, effective April 29” writes Tonya Garcia for marketwatch.com. Walsh joins from Vodafone where she was that company’s first chief data and analytics officer, helping the company’s digital transformation.Walsh will build out the company’s data, analytics and AI capabilities that will grow the business and fuel new business models. Source: marketwatch.com

Read More
News 

We got our first look at CVS Health’s financials since its $70 billion takeover of Aetna, and it’s going to be a bumpier year than Wall Street expected

“CVS Health is making a big bet that it can reshape the way the health industry works, but getting there isn’t necessarily going to be smooth” writes Lydia Ramsey for businessinsider.com. Blaming those headwinds, CVS told investors that its expected 2019 earnings will be in a range of $6.68 to $6.88 a share.During the call, CVS executives detailed the multiple headwinds the business is facing around the company’s pharmacy business and the company’s long-term care business, called Omnicare. Source: businessinsider.com

Read More
News Oil 

Vanguard just lured a BCG partner as its head of strategy, and it highlights one of the hottest new hiring areas at trillion-dollar asset managers

“Vanguard just tapped a partner at a powerhouse consulting firm to head up strategy for the asset management firm” writes Meghan Morris for businessinsider.com. Vanguard in January tapped consulting firm BCG’s former head of asset and wealth management as its new chief strategy officer.The asset management industry is facing increased pressures, as volatile markets pushed billions of capital out in the last few months and demand for lower fees continued to eat into revenue.”We see increasing interest in building out or strengthening strategy teams, starting with a head of strategy…

Read More
Markets News Stocks 

Investors are reverting back to the same bad habits that doomed the stock market last year. Here’s what Morgan Stanley says they should be doing instead.

“In terms of what investors can do, Wilson says he’s keeping his highest ratings on more defensive stocks including utilities and household products makers” writes Marley Jay for businessinsider.com. “Cyclicals and expensive growth stocks are high beta and both have performed well year-to-date in what has been a broad beta rally,” he wrote.”The market is still not convinced we are out of the woods on growth concerns,” Michael Wilson said in a recent client note.But Morgan Stanley’s chief US equity strategist says investors shouldn’t get too comfortable. Source: businessinsider.com

Read More
Markets News Stocks 

CREDIT SUISSE: Whether the market surges or tanks, tech stocks are perfectly positioned to profit. Here are the best companies to own.

“Count the equity strategists at Credit Suisse among the cohort of Wall Streeters who have lost faith in tech stocks” writes Akin Oyedele for businessinsider.com. Should this broader rally in stocks continue, Garthwaite sees the tech sector as uniquely positioned to reap its gains.Garthwaite cited four main reasons why tech stocks are attractive as a defensive play for a market slump. The US software companies that Credit Suisse’s equity analysts rate “overweight” include Adobe, Autodesk, Microsoft, Oracle, and Salesforce.com.But even if the rally falters, he says tech is attractive as…

Read More