By Diane Swonk, Grant Thornton Payroll employment is expected to rise by 170,000 in January, which will mark a slight pickup from the initially reported 145,000 jobs created in December. The government sector is expected to account for 5,000 of those jobs, which will leave private payrolls rising by 165,000 jobs. We are still waiting…
By Diane Swonk, Grant Thornton The Consumer Price Index (CPI) rose 0.1% in January or 2.5% from a year ago, its fastest pace in more than a year. Increases in shelter, medical care and transportation costs were only partially offset by a drop in energy prices. Apparel prices rose during the month but are still…
By Diane Swonk, Grant Thornton The policy landscape in the U.S. has become much like the weather in Chicago; it can change dramatically in the course of a day. That is what happened on January 2. The escalation of tensions with Iran following the killing of a top Iranian general by the U.S. has introduced…
By Christopher Zaffuto, Baker Tilly The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing the ethical activities of all registered broker-dealer firms and brokers, examines firms for compliance with those rules, fosters market transparency and educates investors. FINRA monitors approximately 3,800 brokerage firms, 160,000 branch offices…
By Diane C. Swonk, Chief Economist, Grant Thornton Most people assume that incumbents are able to manipulate the economy to avoid a recession in a presidential election year. That is wrong. Recessions or an economy so weak that it might as well have been a recession occurred during more than half of all presidential elections…
By Erin Scherbert, Baker Tilly In 2014 the Financial Accounting Standards Board (FASB) began monitoring the global reference rate reform initiatives to determine appropriate alternatives to unsecured market benchmarks based on interbank offered rates. As a result of this monitoring initiative, the FASB and the Federal Reserve Bank of New York formed the Alternative Reference…
The Data Protection Law, 2017 (DPL) came into effect in the Cayman Islands on Sept. 30, 2019. The DPL introduces a legislative framework on data protection in the Cayman Islands and has been drafted around the European Union’s General Data Protection Regulation (GDPR). The DPL governs and defines both personal data and sensitive personal data….
By Diane C. Swonk, Chief Economist, Grant Thornton A slowdown in the third quarter, losses in manufacturing, weakness in the service sector and a moderation in employment have sent a chill through financial markets and renewed fears of recession. The impeachment inquiry in-and-of itself should not feed those concerns, but it has added to policy…
On August 15 the New York Alternative Investment Roundtable featured a presentation by David Bahnsen, the founder, managing partner and Chief Investment Officer of The Bahnsen Group, who discussed views from his new book “The Case for Dividend Growth: Investing in a Post-Crisis World.” David is the founder, managing partner, and Chief Investment Officer of The Bahnsen…
On July 16, 2019 the New York Alternative Investment Roundtable featured a panel on artificial intelligence and machine learning and their impact on the alternative investment industry. Following is a list of resources produced by some of the individuals who took part in the panel. The list was compiled by Rick Roche, managing director of…
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