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Stories tagged with: guidestone

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  • Analyst: Fed rate hike reflects 'economic conditions'

    by Roy Hayhurst, posted Friday, December 21, 2018 (one month ago)

    iStock photo
    DALLAS (BP) -- Financial markets continued to retreat in the wake of the Federal Reserve's decision to raise the Fed Funds rate by 0.25 percent, to a range of 2.25 and 2.5 percent.

    The move by the Fed was expected. It was the fourth rate hike of 2018 and the ninth since December 2015.

    "The Fed has a dual mandate," said David S. Spika, chief strategic investment officer for GuideStone Financial Resources: "price stability as determined by the Core Consumer Price Index and full employment. In light of this dual mandate, the current economic conditions ... Read More

  • GuideStone, in new HQ, strengthened services in 2018

    by Roy Hayhurst, posted Friday, December 21, 2018 (one month ago)

    GuideStone photo
    DALLAS (BP) -- Last January, at the start of GuideStone Financial Resources centennial anniversary, O.S. Hawkins declared 2018 the Year of New Beginnings.

    With a new headquarters for the Southern Baptist entity, the launch of new health care options and the successful completion of the GuideStone 100 long-range plan that has guided the board's work for more than a decade, 2018 indeed became a year of new beginnings for GuideStone.

    "We believe that our best years remain in front of us," Hawkins, GuideStone's president since ... Read More

  • Market volatility called 'return to historic norms'

    by Roy Hayhurst, posted Tuesday, December 18, 2018 (2 months ago)

    DALLAS (BP) -- Stock market volatility has increased in recent weeks, but GuideStone Financial Resources analyst David S. Spika cautions retirement investors to focus on their long-term investment objectives and avoid impulsive decisions, even as the news of the day can appear alarming.

    The recent sell-off in financial markets is a needed correction but does not signal the onset of a near-term economic recession, Spika, GuideStone's chief strategic investment officer, noted.

    "Economic growth is still too strong to indicate a recession is on the horizon," Spika said. "As we've been saying for many months, the increased volatility we're experiencing is warranted. What we're seeing is to be expected at the tail end of the longest bull market in history, now more than a decade long." Read More

  • Final rules guard conscience from abortion mandate

    by Tom Strode, posted Friday, November 09, 2018 (3 months ago)

    Image: iStock/license purchase required.
    WASHINGTON (BP) -- The seven-year battle by objectors to the abortion/contraception mandate has come to a regulatory close with a victory for freedom of conscience.

    The Trump administration issued two final rules Nov. 7 that supply conscience protections to Americans with a religious or moral objection to the 2011 mandate instituted under President Obama. Announcement of the regulations came a day after an election that resulted in the Republican president's party losing control of the U.S. House of Representatives while maintaining its Senate majority. Read More

  • Housing allowance defended in appeals court

    by Roy Hayhurst and Tom Strode, posted Thursday, October 25, 2018 (3 months ago)

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    CHICAGO (BP) -- Lawyers for both the U.S. Justice Department and a religious freedom organization defended the constitutionality of the ministerial housing allowance Wednesday (Oct. 24) before a federal appeals court.

    A three-judge panel of the Seventh Circuit Court of Appeals in Chicago heard oral arguments regarding a 2017 opinion that invalidated the allowance as an unconstitutional violation of the First Amendment clause that prohibits government establishment of religion. The Trump administration and Becket Fund for ... Read More

  • GuideStone: 2019 health plans to see added benefits

    by Roy Hayhurst, posted Wednesday, October 24, 2018 (3 months ago)

    DALLAS (BP) -- Consultations with doctors through telemedicine will be available at no out-of-pocket charge for the majority of participants in the health plans of GuideStone Financial Services in 2019.

    The popular Teladoc service provides a consultation with board-certified physicians via phone or computer. Participants can have a prescription sent to a local pharmacy for pickup, though co-pays still apply.

    Additional enhancements include a new diabetic management program, elimination of some inpatient co-pays in comprehensive plans and reduced individual maximum out-of-pocket charges. Read More

  • GuideStone assesses stock market's recent volatility

    by Roy Hayhurst, posted Tuesday, October 23, 2018 (3 months ago)

    DALLAS (BP) -- Increased market volatility, which has commanded increased headlines in the days leading up to the November mid-term elections, has caught many by surprise. However, David S. Spika, chief strategic investment officer for GuideStone Financial Resources, noted that stock market volatility is a common and normal occurrence.

    The stock market -- as measured by the S&P 500 Index, experiences price swings of 1 percent or more 62 times a year on average. The same broad index of the stock market averages only 71 trading days between declines of 5 percent or more.

    "The recent sell-off may feel unsettling to investors because they have been lulled into complacency by an historically low-volatility environment over the past couple of years," Spika said, "but it's actually quite normal and nothing to be concerned about at this time." Read More

  • Nehemiah Code: 'Never too late' for new beginning

    by Roy Hayhurst, posted Thursday, October 04, 2018 (4 months ago)

    DALLAS (BP) -- Whether it's revitalizing a church, dealing with a broken relationship or wrestling with one's own self-confidence, most ministry workers and other Christians will spend at least some of the next year trying to restore something.

    Nehemiah provides a key example for how to approach a rebuilding task, says GuideStone President O.S. Hawkins. Hawkins explores the example found in the Old Testament book in the latest installment of his Code series, "The Nehemiah Code: It's Never Too Late for a New Beginning."

    As with all of Hawkins' books, all author's royalties and proceeds benefit the Mission:Dignity ministry, which provides financial assistance to retired pastors, Southern Baptist workers and their widows in financial need. Read More

  • GuideStone launches new era at Pinnacle Tower

    by Roy Hayhurst, posted Wednesday, August 22, 2018 (6 months ago)

    GuideStone photo
    DALLAS (BP) -- Reflecting on the number of days GuideStone Financial Resources has served hundreds of thousands of participants, O.S. Hawkins noted that Aug. 20, 2018 -- the first day at GuideStone's new home -- was a momentous one, following the 100th anniversary of its beginnings in Dallas on July 31, 1918.

    "In Psalm 90:12, the prayer of Moses says, 'So teach us to number our days that we may get a heart of wisdom,'" Hawkins, GuideStone's president, noted. "We're good at counting months or years. In the financial industry, we number quarters. But a heart of wisdom counts the days."

    GuideStone occupies the top five floors of the 24-story Pinnacle Tower at 5005 LBJ Freeway across the Dallas North Tollway from the Dallas Galleria shopping center. Read More

  • GuideStone eyes 2nd century of finance aid & service

    by Roy Hayhurst, posted Monday, August 13, 2018 (6 months ago)

    GuideStone photo
    DALLAS (BP) -- In early August of 1918, William Lunsford, the founding chief executive of what today is GuideStone Financial Resources of the Southern Baptist Convention, received a letter from trustee Cullen F. Thomas. In it, Lunsford was advised that the state of Texas on July 31 had granted the charter for what was named the Board of Ministerial Relief and Annuities.

    The closing line of the letter simply said, "You are now a 'going concern.' May you continue to grow and go." Read More