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Black Advisor Group Blasts DOL Independent Contractor Rule

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The Association of African American Financial Advisors said the rule could cost Black advisors clients and jobs.

Powell Reiterates Fed Likely To Keep Rates Higher For Longer

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The Federal Reserve chairman said that he expects inflation will move lower on a monthly basis.

Billions Exit Thematic ETFs As Traders Move On From Buzzy Themes

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Thematic allocations were all the rage during the stay-at-home trading boom three years ago.

Goldman Says Hold Stocks With Upside More Likely Than Downside

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The S&P 500 has recouped the bulk of its losses from last month's rout.

BofA Strategist Hartnett Warns Stock Rally Is Exposed To Stagflation Risk

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The rally in U.S. stocks has slowed as economic growth shows signs of stumbling while inflation stays sticky.

Wall Street Reaps 97% Return By Trading Emerging Markets 'Special Situations'

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Buying debt from the riskiest countries is helping some managers outperform the market.

How One Of The World's Oldest Hedge Funds Went Bankrupt

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Weiss Multi-Strategy Advisers collapsed after years of high spending.

Habitual DOL Rule Violators Face 10-Year Rollover Ban, Attorneys Say

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Companies and advisors who breach the fiduciary rules also face excise taxes and possible class-action suits.

John Miller's New Junk Muni Fund Hits $1 Billion In Five Months

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Market-wide, high-yield muni funds have gained $5.7 billion this year.

Edelman Financial Engines Buys $453M Soundmark Wealth In First 2024 Deal

by FA Staff

The acquisition of the Kirkland, Wash., firm expands Edelman's footprint in the Pacific Northwest.

A Doomsday Recession Mentality Is Keeping The S&P 500 Strong

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Companies are shoring up their bottom line, cutting costs and stockpiling cash.

Stubborn Inflation Poses Risk To Upgraded U.S. Economic Growth Forecasts

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So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum...

Hong Kong And China Stocks Are On A Tear. Should You Invest?

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A tech-fueled rally is luring investors back to the world's second-largest economy. But will it last?

Goldman Strategists Say Loss-Making U.S. Companies Face Rates Risk

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The majority of unprofitable growth stocks are tech-related, the firm says.

NYSE President Sees More Companies Pursuing Public Offerings

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About 25 companies on the exchange have had IPOs this year, she said.

DOL's Fiduciary Rule Vulnerable To Court Rejection, Law Firm Says

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The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.

AITi Global Buys Midwest Family Office With $3B AUM

by FA Staff

The acquisition of management-owned Envoi of Minneapolis is expected to close in the third quarter.

Brainard Vows Corporate Tax Hike With Trump Cuts Set To Expire

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The Biden administration wants to preserve tax breaks that were given to the middle class, he said.

Inheritances Be Damned: Clients Want To Spend While They Still Can, Advisors Say

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In the wake of the pandemic, more clients are seizing the moment and putting their money to use before they die.

Jim Simons, Code Breaker Who Mastered Investing, Dies At 86

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His technique for predicting price changes was so successful that he became known as the Quant King.

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