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Schwab Strategists Predict Two Rate Cuts In 2024

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They advised investors to consider corporate bonds and large-cap stocks heading into the second half.

IRS To Crack Down On 'Basis Shifting' Tax Avoidance By Business Partnerships

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The agency aims to collect $50 billion more in taxes over the next 10 years from those who use the tactic.

Roth Conversions Can Pack Nasty State-Tax Surprise, Advisors Warn

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In some states, the conversions can lead to more taxes and a loss of pension exemptions.

Trump Plan To Exempt Tips From Taxes Could Cost $250 Billion, Study Says

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The move could result in a shift of more overall compensation to tips, the study said.

Debt-Ceiling's Eventual Return Already Has Fund Managers On Edge

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That limit is on track to be reinstated on Jan. 1.

Paris Loses Crown As Europe's Biggest Stock Market To London

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The announcement of a snap election has caused French firms to lose about $258 billion in value.

Former CEO Of $2.3B Baldwin Brothers Launches High-End RIA

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Harmony Wealth, headed by John Mannix, will focus on clients with more than $25 million, sources say.

Foreign Investors Have Been Propping Up U.S. Bond Market This Year

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Overseas investors may still be getting encouragement from an improving macroeconomic outlook for the U.S.

Firms Still Trying To Figure Out DOL Rule's Fiduciary Exceptions, Attorney Says

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The rule provides advisors, brokers and agents three routes for avoiding fiduciary mandates, attorney Fred Reish said.

Institutional Managers Upping Ante On Alternative Investments, Study Says

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More than half of surveyed institutional managers are planning to increase alt allocations, the study found.

U.S. Pensions Compete With Gulf Funds For First Shot At PE Deals

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US pension funds are rapidly losing ground to deep-pocketed Middle Eastern sovereign wealth funds.

Mass. Broker Barred By SEC For Allegedly Abetting Boss's Scheme

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The advisor had already been barred by Finra for allegedly helping her supervisor hide the scheme from LPL.

Nuveen Taps William Huffman As CEO

by FA Staff

He replaces Jose Minaya who had led the division for four years.

Fed's Favored Inflation Gauge Set To Rise By Least In Six Months

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Producer prices declined in key categories that feed into the central bank's preferred metric.

Finra Bars Former Pruco Rep Accused Of Misappropriating Client Funds

by FA Staff

Rosaline Alam was fired by Pruco for being named in a client's will, the regulator said.

23 State Officials Ask Congress To Stop SEC Trade-Tracking Program

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Republicans have argued the tracking program violates investors' civil liberties.

What Fed's Rate-Cut Delay Means For U.S. And World

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The delay in easing monetary policy has big implications for the U.S. economy.

Producer Prices Surprise With Biggest Decline Since October

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The producer price index for final demand decreased 0.2% from a month earlier.

Bond Market Splits From Fed Again By Betting On 2024 Rate Cuts

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Policymakers kept rates steady and dialed back their forecasts to just one quarter-point rate cut this year.

N.Y. Trading Platform Fined $250K For 'Exaggerated' Social Media Claims

by FA Staff

TradeZero America used social media influencers to make inaccurate claims about its services, Finra said.

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