Nuclear energy is experiencing a renaissance. Over the next few decades, rising energy demand from AI businesses is expected to fuel a global build-out of new energy sources. Bank of America analysts believe this will create a $10 trillion opportunity for nuclear energy developers. Oklo Inc. (OKLO 0.65%) is one of the most fascinating nuclear…
Tan said cutting administrative work frees advisors to concentrate elsewhere. “By helping advisors spend less time on administrative work, we’re enabling them to focus on the relationships that matter most,” she said in the same release. The CIO Award win is Sun Life’s third consecutive one, the company said, pointing to it as evidence of momentum in scaling…
Has the AI boom finally run its course for investors? The Nasdaq-100 entered a correction on July 29, defined as a 10% decline from a recent peak, and semiconductor stocks, which have driven the AI rally, suddenly look unreliable. The iShares Semiconductor ETF, which had more than doubled at one point this year, is now…
Proposed legislation targeting “mega” retirement accounts has put high-net-worth IRAs and 401(k)s back in Washington’s crosshairs. The bill would force wealthy account holders to take mandatory distributions and block new contributions — a response to data showing some investors have accumulated multi-million-dollar balances through early-stage private equity and startups. But while similar proposals have stalled…
Previous research has found that retirees often underspend their resources, but a study published last month in the Financial Planning Review, “How Spending Evolves in Retirement: A Smile, a Smirk, or Something Else?” suggested that retirees tend to reduce spending over time, regardless of income level. Many retirement research and financial plans assume a “constant…
In an aerial view, a residential neighborhood is seen on June 4, 2026 in Pembroke Pines, Florida. Joe Raedle | Getty Images Mortgage rates didn’t budge last week, leaving little incentive for either home buyers or current homeowners to call their lenders. Total mortgage application volume was essentially flat from the previous week, down 0.4%…