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We provide fiduciary investment strategies to public-and private-sector institutional clients through asset allocation, consulting, and retirement services.
Decades of proven performance and experience in providing tailored fixed income trading and underwriting services to major municipal and corporate issuers.
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Our experienced Private Client Group professionals develop customized investment strategies to help clients achieve their financial goals.
We are a trusted municipal advisor with proven expertise in public financings. We also work with clients in negotiated and competitive municipal underwritings.
Stephens research study examines how limited professional networks and risk aversion inhibit women executives in building wealth and maximizing career success. The findings are supplemented by the insights and experiences of participants in Stephens INVESTED, the firm’s women’s initiative, as well as by interviews with female executives who fit the study’s criteria.
The FOMC released their decision on the federal funds rate and maintained the rate at 5.25-5.50% for the sixth consecutive meeting.
The Labor Department reported that initial jobless claims unexpectedly declined last week, indicating a resilient labor market continues to show strength. Claims have been in an extremely narrow range since the beginning of February. First time claims in regular state programs recorded 207,000 for the week ending April 10th after the prior week’s report of 212,000. The four-week moving average declined to 213,250 from 214,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, decreased 15,000 to 1.781 million for the week ending April 14th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Bureau of Economic Analysis (BEA) released their initial reading of Q1 2024 gross domestic product (GDP) and reported that the economy expanded by 1.6%, down from the 3.4% growth experienced in Q4 of 2023.
The Labor Department reported that initial jobless claims remained unchanged last week, suggesting the labor market is healthy even as announcements picked up in March. Claims jumped in California as a result of a recent minimum wage hike, but were offset by a decline in claims in the other states. Claims have been in an extremely narrow range since the beginning of February between 210k and 213k. In fact, claims have printed exactly 212k in five of the past six weeks. First time claims in regular state programs recorded 212,000 for the week ending April 14th after the prior week’s report of 212,000. The four-week moving average remained unchanged at 214,500. Continuing claims, which include people who have received unemployment benefits for a week or more, increased 2,000 to 1.812 million for the week ending April 7th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims fell last week, even as announcements picked up in March. It has been expected that layoffs will increase as a consequence of a pullback due to inflation fatigued consumers. It is becoming evident that businesses are not laying off employees, but preserving margin through increases in productivity and reducing labor costs through shorter hours and part-time employment to mitigate slack. First time claims in regular state programs recorded 211,000 for the week ending April 7th after the prior week’s report of 222,000. The four-week moving average edged down to 214,250 from 214,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, increased 28,000 to 1.817 million for the week ending March 30th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Consumer Price Index (CPI) was released earlier today for the month of March and showed an increase m/m of +0.4% and +3.5% y/y vs. the prior month of +0.4% m/m and +3.2% y/y. After declining for several months, this was the second consecutive month of CPI showing an increase y/y.
The Labor Department reported that initial jobless claims rose to its highest level since January last week. Layoffs ticked up to round out the first quarter, though they are still below last year’s levels. We are seeing a moderation in hiring rather than a surge in firings at this point. First time claims in regular state programs recorded 221,000 for the week ending March 30th after the prior week’s report of 212,000. The four-week moving average climbed to 214,250 from 211,500 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, declined 19,000 to 1.791 million for the week ending March 23rd. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
The Labor Department reported that initial jobless claims held near historically low levels again last week, suggesting a broadly stable labor market even as companies continue to announce layoffs. As weeks go by, it is expected that more strain in labor market conditions is going to become more evident. First time claims in regular state programs recorded 210,000 for the week ending March 23rd after the prior week’s upwardly revised 212,000. The four-week moving average slipped to 211,000 from 211,750 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, rose 24,000 to 1.819 million for the week ending March 16th. The insured unemployment rate, the number of people currently receiving unemployment insurance as a percentage of the labor force, remained at 1.2%.
Found in everything from virtual assistants to the algorithms that learn our behavioral patterns on social media, artificial intelligence (AI) has become an integral part of our day-to-day lives. As AI continues to evolve, so does an array of cybersecurity risks. Organizations that seek to avoid financial and reputational damage have incentive to implement artificial intelligence ethically and securely, maximizing its benefits while minimizing potential risks and legal exposure.
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