FA News

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Inflation-Adjusted Charitable Giving Declined In 2023, Report Says

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Donations are being driven by the wealthy, the Giving USA Foundation report said.

Asset-Backed Bond Market Is Helping To Fuel The Global AI Boom

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AI is accelerating the decades-long growth of the internet and digital infrastructure.

Larger U.S. Deficits Pave The Way For Even More Treasury Bills

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The nonpartisan Congressional Budget Office last week upped its deficit estimate for 2024 to almost $2 trillion.

Private Equity Dives Into Sports Investing As Valuations Boom

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Sports team ownership, once the dominion of individual billionaires, is making room for private capital.

Dual Registrants Should Brace For Reg BI Crackdown, Former SEC Lawyers Say

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The SEC is scrutinizing hybrid firms that put their clients into more expensive brokerage accounts, they said.

Bitcoin Funds See Most Outflows Over Two Weeks Since ETF Approval

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Overall, digital asset products were hit with $584 million in outflows in the week ended June 21.

Why Advisors Need To Know The Signs Of Cognitive Decline In Clients

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Whether they like it or not, advisors are in a position to see the first signs of client dysfunction, industry officials say.

Clients Can't Dawdle On Expiring Tax Reform Provisions, Advisors Say

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The reforms aren't due to sunset until the end of 2025, but advisors say now is the time to act.

Wall Street's Smart-Trade Brigade Thrashed Again On Stock Boom

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Money managers have lavished cash on a panoply of strategies, only to get trounced by the S&P 500.

The Hedge Fund Bet Luring Retail Investors To High-Risk Debt

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Issuance of catastrophe bonds is set to hit a record this year.

401(k) Contribution Rate Matched Record High in 2023, Vanguard Says

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The average percent of salary funneled into plans maintained 2022's record pace of 11.7%.

Massachusetts Is Trying To Prevent REITs From Owning Hospitals

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The crackdown would be among the first of its kind in the U.S.

How Long Can High Rates Last? Bond Markets Say Maybe Forever

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The market's growing view is that the so-called neutral rate is higher than previously believed.

Equity Market 'Laggards' Are Poised For Growth, Capital Group Managers Say

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A resilient economy has set up subpar performers for future success, equity manager Caroline Randall said.

Home Insurance At $10,000 A Year Shows California Buyers' Pain

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Prospective buyers are enduring lengthy, complex searches for a product that used to be an afterthought.

Existing-Home Sales Fall A Third Month As Prices Set A Record

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The supply of homes on the market is still well below the level seen before the pandemic.

High-Grade Company Bonds Increasingly Trade Near Junk Levels

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It's the latest sign of how Federal Reserve rate hikes aren't cooling down some markets.

Helping Clients Choose The Right Time To Retire

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When it comes to retirement, it's all in the timing, advisors say.

IRS Sees Fraud Risk For 'Vast Majority' Of Covid Credit Claims

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The IRS's current backlog of claims sits at 1.4 million.

Money-Market Funds See First Outflow In Two Months With Taxes Due

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Much of the decline in money-market fund assets was led by institutional funds.

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