Archvest Wealth Advisors

‘Everyone’s nervous’: Wells Fargo CEO on how businesses and consumers feel about the economy

Archvest Wealth Advisors — Thu, 23 Apr 2026 19:00:00 +0000

Wells Fargo (WFC) CEO Charles Scharf said on Monday that the US economy has been resilient, but he also acknowledged how bad sentiment is among American consumers and businesses.

“Right now, from everything that we see, the economy is still extremely strong,” Scharf said during an interview with David Rubenstein at the Economic Club of Washington, D.C., acknowledging the wide divergence from how consumers are feeling amid uncertainty stemming from the Iran war.

David Hollerith | Yahoo Finance

Why gas prices above $3 per gallon are predicted for the rest of the year — even if Iran peace talks succeed

Archvest Wealth Advisors — Tue, 21 Apr 2026 19:00:00 +0000

Energy observers are increasingly acknowledging a bottom line for motorists that prices at the pump are likely to be elevated for the foreseeable future — no matter what happens in the short term in the Strait of Hormuz and with another round of peace talks on tap this week.

“We will probably see those high prices sticky for longer,” CIBC Private Wealth senior energy trader Rebecca Babin told Yahoo Finance on Monday.

Ben Werschkul | Yahoo Finance

Allbirds shares soar on a very 2026 pivot to AI

Archvest Wealth Advisors — Thu, 16 Apr 2026 19:00:00 +0000

Shares of Allbirds, the 2010s pioneer of trendy sneakers and eco-conscious Millennial marketing, took flight in an almost comical fashion Wednesday morning after the company announced an extremely 2026 pivot: abandoning its environmental agenda and getting into the AI business.

The stock, which had been in the gutter since its November 2021, shot up more than 600% Wednesday. It closed at $14.50, up 582% from Tuesday’s close.

Analysis by Allison Morrow | CNN

Phillips 66 CEO says oil supply won’t just snap back after Iran conflict

Archvest Wealth Advisors — Tue, 14 Apr 2026 19:00:00 +0000

Phillips 66 (PSX) CEO Mark Lashier contends a Middle East ceasefire won’t be enough to fix oil markets. The damage to the global energy system is already done.

“It will be difficult. It will be timely,” Lashier told Yahoo Finance at the Semafor World Economy Summit. “You’ll have to redesign things. Build things to repair.”

Francisco Velasquez | Yahoo Finance

Macro Traders Lost Most in March as War Squeezes Hedge Funds

Archvest Wealth Advisors — Thu, 09 Apr 2026 19:00:00 +0000

Macro hedge funds struggled in March as the war in the Middle East upended inflation expectations, leading to steep losses at many of the industry’s largest firms.

Said Haidar’s Jupiter Fund lost about 12% in March, paring quarterly gains to 13.4%, according to an investor letter seen by Bloomberg News. The Brevan Howard Master Fund declined 6.6% for the worst monthly loss in its two-decade-plus history, people with knowledge of the matter said, asking not to be identified discussing the returns.

Liza Tetley & Nishant Kumar | Yahoo Finance

Stock Trading Intensity Soars to Record on Rapid Shifts in War

Archvest Wealth Advisors — Tue, 07 Apr 2026 19:00:00 +0000

Investors wary of being wrong-footed by twists and turns in the Iran war are trading stocks at a record intensity, one market measure shows.

Wall Street traders have been on edge, hanging on every development in the Middle East and the often unpredictable missives of President Donald Trump. One technical metric, the daily turnover in the State Street SPDR S&P 500 ETF Trust, has breached $60 billion — a reading seen as a “freak out” indicator by Bloomberg Intelligence strategists — 29 times this year. That new record compares to 28 times in all of 2025, according to BI’s Athanasios Psarofagis.

Joel Leon | Yahoo Finance

Employers that want to offer 401(k) participants access to private equity get new rule

Archvest Wealth Advisors — Thu, 02 Apr 2026 07:00:00 +0000

The Department of Labor unveiled on Monday a new proposed rule for 401(k) plan sponsors that want to offer plan participants the option of investing in private equity and other “alternative” investments like crypto and commodities.

The proposed rule gives plan fiduciaries “maximum discretion and flexibility in selecting any particular investment as a designated investment alternative,” according to the DOL.

“The department’s days of picking winners and losers are over. Our rule clearly spells out that managers must evaluate any and all potential product offerings by following a prudent process,” said Deputy Secretary of Labor Keith Sonderling in a statement. “This proposal is decidedly neutral and refrains from saying that any asset class is any better or worse than other investment types, as the law requires.”

Jeanne Sahadi | CNN

Millionaires in America: How common is it to have a 7-figure net worth?

Archvest Wealth Advisors — Tue, 31 Mar 2026 19:00:00 +0000

More than 1,000 people become millionaires in the U.S. each day.

If you’ve dreamed of becoming a millionaire, you’re not alone. To many, hitting this financial milestone signals you’ve “made it.” With assets valued at seven figures, you can wave goodbye to many of the financial stressors that nagged at you when you had less.

However, with inflation eroding the value of the dollar with each passing year, being a millionaire doesn’t mean what it used to. As a result, there are more millionaires today than there used to be, and becoming one might be more within your reach.

Read on to learn more about how many millionaires there are in the U.S. today and ways you can grow your net worth to become a millionaire too.

Emily Batdorf | Yahoo Finance

Ares, Apollo Cap Private Credit Fund Withdrawals as Exodus Grows

Archvest Wealth Advisors — Thu, 26 Mar 2026 19:00:00 +0000

Two of the biggest names in private credit, Ares Management Corp. and Apollo Global Management Inc., blocked investors from getting even half of the money they wanted out of their funds, a sign of mounting strain in the $1.8 trillion market. The $10.7 billion Ares Strategic Income Fund limited withdrawals to 5% of shares after clients sought to redeem 11.6%, according to a letter to shareholders Tuesday. That followed the $15.1 billion business development company, Apollo Debt Solutions, which said Monday it was imposing the same cap after requests to pull 11.2%. Bloomberg’s Paul Gulberg joins to discuss.

Bloomberg

Brace for a $14 Trillion ‘Debt Wave’: Why Apollo’s Chief Economist Is Warning of Major Changes Ahead for Investors

Archvest Wealth Advisors — Tue, 24 Mar 2026 19:00:00 +0000

Investors are facing a historic supply shock as a $14 trillion deluge of high-quality debt prepares to hit global markets over the next year.

According to Apollo Global Chief Economist Torsten Slok, this unprecedented debt wave — fueled by massive U.S. government refinancing and a surge in corporate borrowing — is set to fundamentally shift the fixed-income landscape.

Wajeeh Khan | Yahoo Finance