By Yelena Maleyev, Economist, Grant Thornton New home construction, known as housing starts, ticked up slightly in March after being revised higher for February. Starts now sit at the highest level since June of 2006. Builders continue to face challenges including lack of labor and land to build on, in addition to higher costs and…
American Workers Find Their Voice Grant Thornton surveyed more than 5,000 American workers to find out what really mattered to them in their workplace, gathering answers to these questions – and much more – to uncover what makes America’s workforce tick. Our new story, “American workers find their voice,” discusses how your business can use…
By Johanna Arasin, Baker Tilly The Securities and Exchange Commission (SEC) voted 3–1 in January 2022 to propose amendments to Form PF, as filed by registered investment advisors to private funds. The proposal was supported by Chair Gary Gensler and Commissioners Allison Herren Lee and Caroline A. Crenshaw. The purpose of Form PF is to…
By Kristen Hughes, Baker Tilly In November 2021, the Securities and Exchange Commission’s Division of Enforcement (the Division of SEC) published its annual report for 2021. The annual report was presented as a press release, whereas in prior years it was published as a sizeable brochure. While shorter than previous annual reports, the press release…
By Joe Mauro, Baker Tilly In early 2021, Wall Street began seeing high profile short squeezes. These are situations where investors coordinate purchases and drive up the price of certain stocks in order to force short sellers to exit their positions at a loss1. In the short squeeze of GameStop Corp. (GME) every day average…
Investment experts Paul Lucek, the CEO and co-CIO of Ridgedale Advisors, and Andrew B. Weisman, Chief Investment Strategist, Windham Capital Management, discuss the commodities market, why it is front and center on the market’s radar these days, and how commodities are being impacted by everything from the Russia-Ukraine War, to the lingering impact of the…
The New York Alternative Investment Roundtable’s inaugural Five for Five podcast features five high profile women within the alternative investment community weighing in on the same question for five minutes each. Alison Berman, President & CEO of Palisade Capital Management; Dr. Sonal Desai, Executive Vice President & CIO for Franklin Templeton Fixed Income; Alexandra Lebenthal,…
By Diane Swonk, chief economist, Grant Thornton Russia’s invasion of Ukraine has done what the pandemic failed to do: It has unified much of the world against a common foe, Vladimir Putin. His unprovoked aggression toward Ukraine is acting as a cautionary tale against autocrats elsewhere, including China. The sanctions on Russia are farther reaching…
By Diane Swonk, chief economist, Grant Thornton Federal Reserve Chairman Jay Powell essentially promised a quarter point increase in short-term interest rates at the conclusion of the March 16, 2022 Federal Open Market Committee (FOMC) meeting when he testified on Capitol Hill March 2 and 3. That seems like an eternity in today’s rapidly changing…
By Johnny Lee and Marcus Veith, Grant Thornton According to Bloomberg, Tesla’s investments in Bitcoin total $1.26 billion. Meanwhile, MicroStrategy CEO Michael J. Saylor told CNBC that he believes Bitcoin will appreciate in value until it becomes a “stabilizing influence” for the entire global financial system. Some might say investing in cryptocurrency is a bold and…
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