FA News

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Weed ETF Waives Fee Ahead Of Biden-Favored Drug Reclassification

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The actively managed Roundhill Cannabis ETF is dropping its expense ratio to zero from 40 basis points.

BlackRock Aims To ‘Index The Private Markets' After Preqin Deal

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Adding the private capital database accelerates BlackRock's push to become a major player in alternative assets.

Elections Will Have Profound Impact On Taxes, Advisors Say

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All elections have tax implications, but the impact of this year's contest may be unprecedented, they say.

Big Names In S&P 500 Overshadow The Risk Of A Volatility Jump

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The concern is that a volatility spike is inevitable should correlations align across the market.

Goldman's Hedge Funds Head Says It's Time To Cut Portfolio Risk

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"The probability of a drawdown is rising,” he said.

Goldman Says Earnings Bar Is Set Highest Since 2021

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Single-stock analysts predict profits at S&P 500 firms rose 9% on average in the April-June period.

BlackRock Enters Booming Market For Stock ETFs With A 100% Hedge

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A new hedged BlackRock ETF will provide investors with upside exposure to the S&P 500 to a cap of around 10.6%.

Newly-Created Fortis Wealth Advisors Joins NewEdge Advisors

by FA Staff

The four founders of the Dallas-based firm were with J.P. Morgan Securities.

CLOs Have Too Much Money And Are Running Out Of Things To Buy

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Managers can't create the bonds fast enough to meet demand.

In 'Goldilocks' World, Top BofA Strategist Touts Large-Cap Value

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Strategist Savita Subramanian sees "tremendous opportunities" over the next five to 10 years in large value shares.

Financial Markets See Trump Advantage After Presidential Debate

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Investors “are already busy” positioning portfolios for a potential Trump presidency, the deVere Group said.

N.Y. Advisory Firm With $150M AUM Leaves Commonwealth For Perigon

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Creative Financial Planning was launched by Lisa Hayes in 1985 with profits from a cleaning business.

Fed's Favored Price Gauge Slows, Supporting Case For Rate Cut

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The so-called core personal consumption expenditures price index increased 0.1% from the prior month.

Supreme Court's Sackler Ruling Upends Bankruptcy Settlements

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The ruling stands to change the way troubled organizations have used Chapter 11 to survive onslaughts of lawsuits.

A $400 Billion Frenzy As Nvidia, Crypto Boom: ETFs So Far In ‘24

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Exchange-traded funds have taken in more than $400 billion, the most in nearly three years.

Richmond Fed Prez Says Economy Is Withstanding Fed's Inflation Battle

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“All this tightening will eventually slow the economy," he said.

Wall Street Cop Finra Goes Quiet On The Beat As Its Caseload Plunges

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Critics contend the regulator has ratcheted down its pursuit of securities industry wrongdoers.

New Era Of Stock Supremacy Turns Tail-Risk Hedging Upside Down

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Owning too few shares is the new risk for a cohort of bulled-up investors.

Barred Ex-Morgan Stanley Broker Ordered To Pay Firm $1.9M

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A Finra panel rejected Candido Viyella's claims he was wrongfully terminated and defamed.

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