FA News

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Supreme Court Upholds U.S. Tax On Foreign Business Income

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The case was closely watched for its potential impact on Democratic proposals to impose a wealth tax.

Third Of CFOs See Elections Impacting Investment Decisions, Survey Finds

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Executives continue to be more positive about the outlook for their own business than for the overall economy.

Treasurys Are A Whisker Away From Erasing This Year's Loss

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Underlying the rebound is investors' belief that the Fed will be cutting rates sooner and more than expected.

New Home Construction Plunges To Slowest Pace Since June 2020

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The drop in building suggests residential construction may detract from economic growth.

'Sellers Are Entering the Market' With S&P Faltering Beyond Tech

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Nearly a third of the index's constituents have hit a one-month low in the past month.

A Boom In Business Turnovers Is Coming. Owners Aren't Ready

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Business owners unsure of the next steps in succession planning might turn to advisors.

Retirement Plan Rollovers Are Declining. What Does That Mean For Advisors?

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More retirees are staying put in 401(k)s as plans ramp up features to keep them.

Wealthy Millennials, Gen Zers Turning Backs On Stocks, BofA Says

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They prefer to invest in crypto, alternatives and real estate.

Citi Sees AI Displacing More Finance Jobs Than Any Other Sector

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About 54% of jobs across banking could very likely be automated, Citi said.

New RIA Causey Wealth Opens Doors With $292M AUM

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The Denver advisory earlier this month spun off from accounting firm Causey, Demgen & Moore.

U.S. Home Builder Confidence Slides To Lowest Level This Year

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High mortgage rates are keeping home buyers on the sidelines.

U.S. Mortgage Rates Drop Below 7% For First Time Since March

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Mortgage rates move in tandem with Treasury yields, which also declined notably last week.

RBC Recruits $915M Virginia Team From Truist

by FA Staff

The Brown-Brinkley Group is the second team to join RBC from Truist in recent weeks.

Goldman Finds Reports Of Dollar's Demise 'Greatly Exaggerated'

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A new measure of holdings suggests most regions haven't been actively selling Treasurys.

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.

Bull Market Has Fattened Boomers' Retirement Accounts, Vanguard Says

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The equity market has boosted retirement readiness for millions of older Americans, a company study found.

Scams Keep Haunting Crypto Market, Aided By AI And Social Media

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There are signs that crypto scams have picked up again amid this year's rebound in the market.

Former CNBC Pundit, Advisor Arrested 3 Years After Being Declared A Fugitive

by FA Staff

James McDonald was wanted by the FBI for allegedly defrauding his clients out of millions of dollars.

Goldman Sees Jobs At Inflection Point, Sticks To Two-Cut Call

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The investment bank expects a moderate pickup in economic growth in the second half.

Gen Z Investors Shun 60-40 Portfolio For Sneakers And Rare Cars, BofA Says

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Young investors favor crypto and collectibles over stocks and bonds, a bank survey found.

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