Edgen Stock·Nov 25 2025, 17:48
[1] Bitcoin Retreats as Traders See Signs Worst of Selloff Is Over (https://finance.yahoo.com/news/bitcoin-trader ...)[2] Bitcoin bounces back to $87500 under 'fragile' market ... (https://keepbit.com/news/19933 ...)[3] Viewpoint: Bitcoin has risen to $87500, but the market ... (https://www.gate.com/de/post/status/16219217 ...)
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Nov 25 2025, 19:54
Ameriprise Recruits $160M Advisor Team From Wells Fargo Amid Industry Talent Shuffle
## Executive Summary **Ameriprise Financial** has successfully recruited **Harpland Financial Management**, a Houston-based advisor team previously with **Wells Fargo**. The team, which managed over $160 million in client assets, joins Ameriprise's branch channel. This move underscores the persistent and competitive environment among major financial services firms for attracting experienced advisors and their associated assets under management (AUM). ## The Event in Detail **Harpland Financial Management**, led by financial advisors **Peter Horton, CFP®, CEPA®** and **Serena Sneeringer**, made the strategic decision to transition to **Ameriprise Financial**. The team cited Ameriprise's reputation for integrated financial planning and robust service support as key factors in their decision. The move is part of a larger trend of advisor teams switching affiliations in search of platforms that better align with their service models and growth objectives. ## Market Implications While the transfer of a $160 million AUM team does not materially alter the financial standing of multi-trillion dollar firms like **Ameriprise** or **Wells Fargo**, it represents a tactical victory in the ongoing battle for market share in the wealth management sector. The acquisition of established advisor teams is a core strategy for growth, as it directly translates to an increase in a firm's managed assets and client base. This continuous "poaching" of talent reflects the high value placed on experienced advisors who manage significant high-net-worth client portfolios. ## Expert Commentary Advisors making such transitions often seek a more supportive corporate environment and enhanced resources. While **Harpland Financial** did not issue a direct public statement, the sentiment is echoed by other teams making similar moves. In a related transition of a $250 million team from **Wells Fargo** to **Ameriprise**, a team leader commented on the appeal of the new firm: > The firm delivered what we were looking for — a harmonious environment that allows us to do business with clients the way we want to. We also have extensive support and resources to help us be successful. This perspective highlights a common driver for advisor migration: the search for a platform that facilitates client service with fewer constraints. ## Broader Context The flow of advisory talent is not a one-way street between these financial giants. The competition is fierce and reciprocal. Illustrating this dynamic, **Clearwater Private Wealth Advisors**, a team overseeing $1 billion in client assets, recently departed **Ameriprise** to affiliate with **Wells Fargo Advisors Financial Network (FiNet)**. The team noted the move was a "strategic and natural progression" to serve their upmarket client base with "greater breadth and depth." These reciprocal movements indicate a highly fluid and competitive landscape where firms must continually prove their value proposition to both retain and attract top-tier financial advisors.
Nov 25 2025, 18:57
Nvidia Defends GPU Dominance Amid Reports of Meta-Google AI Chip Talks
## The Event in Detail **Nvidia Corp.** (NVDA) shares declined by 3% following a report that **Meta Platforms Inc.** (META) is in discussions to invest billions in **Google's** (GOOGL) custom Tensor Processing Units (TPUs). This development signals a significant challenge to **Nvidia's** long-standing dominance in the AI accelerator market. In response to the market's reaction, **Nvidia** publicly stated that its Graphics Processing Units (GPUs) are a "generation ahead" of competitors' hardware. The company emphasized that its GPUs offer greater performance and versatility compared to Application-Specific Integrated Circuits (ASICs) like **Google's** TPUs, which are designed for more specialized functions. ## Deconstructing the Financial Mechanics The AI hardware market has historically been dominated by **Nvidia's** GPUs, which were originally developed for video game graphics but proved highly effective for the parallel processing required in training large AI models. **Google's** TPUs, conversely, are ASICs designed specifically for AI workloads, particularly for what **Google** terms the "age of inference," or the process of using trained models to make real-time predictions. The potential deal, valued in the billions, would represent a substantial capital allocation by **Meta** away from **Nvidia** and would serve to establish **Google's** TPUs as a credible, large-scale alternative for major technology firms. ## Market Implications A significant partnership between **Meta** and **Google** would validate TPUs as a powerful and efficient alternative to **Nvidia's** GPUs, which are currently considered the industry's gold standard. This could mark the beginning of a strategic shift in the AI infrastructure landscape, moving from a GPU-centric, single-supplier market to a more diversified ecosystem. Increased competition from specialized hardware, including **Google's Ironwood** TPU and offerings from other cloud providers like **AWS's Trainium** and **Inferentia** chips, may exert downward pressure on **Nvidia's** pricing and margins while accelerating the pace of innovation across the sector. ## Broader Context The consideration of TPUs by a major customer like **Meta** underscores a strategic realignment toward workload-specific hardware. As AI models become more integrated into real-time applications, companies are increasingly focused on optimizing for performance and cost-efficiency during the inference stage, not just the initial training phase. This move reflects a maturing market where hyperscalers are seeking to reduce their reliance on a single hardware provider and tailor their infrastructure to the specific demands of their AI applications, potentially fragmenting the AI chip market and creating distinct segments for training and inference hardware.
Nov 25 2025, 18:12
Housing Analyst Predicts US Market Correction Potentially Exceeding 2008 Crisis
## The Forecast: A Multi-Year Price Correction Housing market analyst and Huringa CEO Melody Wright has issued a bearish forecast for the U.S. housing market, predicting a significant, multi-year price correction that could be "worse than 2008." The projection anticipates the downturn will begin in 2025 with the first national home-price declines. The core of the correction is expected to occur between 2026 and 2027, with a potential peak-to-trough price decline of as much as 50%. According to Wright, this adjustment is necessary for home prices to realign with median household incomes. ## Financial Mechanics of the "Slow-Motion Crash" Wright attributes the impending correction to several underlying financial fragilities, describing the situation as a "slow-motion crash." A central pillar of her argument is the role of **Federal Housing Administration (FHA) loans**, which she labels "modern subprimes." Rising delinquencies within this loan category are a significant red flag. Further analysis reveals a market detached from fundamental demand. Key data points from 2024 show that first-time homebuyers have fallen to their lowest levels since tracking began in the 1980s. Concurrently, investors now comprise a substantial 30-40% of the market. Wright suggests this figure may be understated due to fraudulent activities, such as using relatives as straw buyers to secure FHA financing. This dynamic points to a market propped up by speculation rather than organic demand. Adding to the pressure, banks are beginning to tighten lending standards, which will further impact affordability and constrict credit availability. ## Market Dynamics and Supply-Side Indicators Contradicting the mainstream narrative of a persistent housing shortage, Wright's analysis points to a growing oversupply. This is driven by key demographic shifts, particularly the "Boomer aging-out" trend, which is expected to bring a surge of inventory to the market. Evidence of a softening market is already visible. Inventory is accumulating in the Northeast, Midwest, and various resort towns. In the new construction sector, builders are increasingly offering concessions, and falling prices for new homes are serving as a leading indicator for the broader market. Wright argues that these factors, combined with data opacity and speculative incentives, have created a "frozen" housing landscape on the verge of a crisis. ## Broader Context and Implications The implications of this forecast extend beyond housing. Wright anticipates that a significant increase in foreclosures will become evident by June 2026, signaling wider acknowledgment of the downturn. This could have a cascading effect on the economy, impacting financial institutions—particularly non-bank lenders who face liquidity issues—and denting consumer confidence. The analysis suggests that even if the Federal Reserve cuts interest rates, mortgage rates may not fall significantly due to the tightening of lending standards by financial institutions, prolonging the affordability crisis and the subsequent market correction.