When thereβs a lot of money sloshing around the economy, itβs easy for new ideas to attract speculative moneyβand some of those ideas are just dumb
Utility stocks are suddenly white hot, thanks largely to artificial intelligenceβs thirst for electricity. Investors accustomed to thinking of the sector as sleepy and safe need to realize the game has changed.
Portugal, Italy, Greece and Spain are now doing better than Germany and France, in a surprising reversal of post-2011 fortunes in the eurozone. But much of it might be catch-up growth.
Unconscious beliefs and emotions can mess up how people handle their finances. The hard part is finding experts qualified to handle both money and the mind.
Insurance giant AIG has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japanβs Nippon Life Insurance for $3.8 billion.