BlackRock (BLK) CEO Larry Fink proposed adjusting the traditional 60/40 portfolio strategy by allocating 50% to equities, 30% to bonds, and 20% to alternative investments like real estate and private equity.

Shares of Tesla (TSLA) started moving higher following a Politico report that Elon Musk will be stepping away from his role in the administration soon. Wealth Anchor Julie Hyman reports the breaking news.

The job market often shows slower responses to changes in economic growth, with the unemployment rate typically lagging behind for several months.

Wealth host Brad Smith breaks down what you need to know about the updates.Find this and other episodes of Wealth at https://finance.yahoo.com/videos/series/wealth/.

Thoughts? Questions? Fan mail? Email us at [email protected].

Yahoo Finance's Wealth is hosted by Brad Smith.

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