FA News

There’s A New Muni-Debt Crisis Brewing In Another U.S. Territory

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U.S. Virgin Islands’ power agency is contending with a financial squeeze that echoes what happened in Puerto Rico.

Schwab Cuts Online Trade Fees For U.S. Stocks, ETFs To Zero

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The change will begin Oct. 7 and coincide with the release of company founder Charles Schwab’s latest book, "Invested."

Worker Health Premiums Now Topping $20K A Year

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Average family premiums have increased 54% and workers’ contribution have increased 71% over the last decade.

S&P Takes Most Bearish Stance On U.S. Corporate Debt Since 2015

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The credit rating agency issued downgrades for 164 issuers compared to 64 upgrades.

Data Breaches Common At Financial Services Companies

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Employee records, customer info and financial statements among the documents lost or stolen, according to a new survey.

Wealthtech Weekly Update: Northern Trust, Vanguard, SS&C

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Vanguard plans to offer digital-only advisory services based on goals-based financial planning.

Blockchain Profiles: Can You Monetize Your Own Personal Info? This Firm Is Planning On It

by FA Staff

ImagineBC hopes to diminish the impact companies like Google and Facebook have on our lives today.

Even Cash Flooding Muni Market Can’t Stop Worst Loss Since 2018

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Municipal bonds are headed towards their biggest monthly loss since January 2018.

SEC Orders 17 Firms With Investment Advisor Reps To Pay $10 Million

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The SEC says these investment advisors and B-Ds should have picked less expensive mutual fund shares for clients.

A Groundbreaking Moment For Corporate Finance?

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The SEC has approved Blockstack to become the first company in which investors receive “tokens” to get certain services.

JPMorgan Says It’s Time To Switch From U.S. To Euro-Area Stocks

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After underperformance and outflows, European equities look more appealing, said JPMorgan's strategists.

SALT Tax-Cap Challenge By New York And New Jersey Is Thrown Out

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The ruling upholds the SALT deduction cap as a legitimate exercise of federal tax powers.

Crypto ETF Advocates Face SEC Resistance Despite Strategic Shift

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With cryptocurrencies plagued by "hacking, theft and manipulation," an approved Bitcoin ETF seems unlikely.

GOP Congressman Will Plead Guilty In Insider-Trading Case

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Chris Collins was charged last year with passing non-public information about Innate Immunotherapeutics.

Finra: Online And Social Media Swindles Have Highest Success Rate With Consumers

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Finra's new study identifies key differences between victims and non-victims.

It's A Digital World For Most, But Many Financial Advisors Are Stuck On Paper

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Many advisors still deal with error-prone paper forms, Schwab said.

Wall Street Warns Against Bets On October U.S.-China Truce

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Rounds of top-negotiator talks lately have been followed by tariff escalation, not by an easing in tensions.

Negative Rates Are Rewriting The Rules Of Modern Finance

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Negative interest rates are making the bond market unpredictable and fixed income difficult to trade.

Corporate America Is Bingeing On Debt After Promising Austerity

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Blue-chip companies have ramped up borrowing and liabilities have reached their highest level since 2009.

Tax Cuts Added New Options, Complexity For Business Owners

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While aiming to simplify the tax code, the 2017 tax reform made the choices for business owners more complicated.