FA News

Billionaire Investor Picks Not Losing Money Over Fear Of Missing Out

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Howard Marks told Michael Milken that capitalism achieves the greatest economic progress, but income inequality is a worry.

U.S. Existing-Home Sales Rise To Highest In More Than A Year

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The housing market may be breaking out of its slump.

Americans Are Not Saving For Retirement, Or Don't Know If They Are, Study Says

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Americans are balancing savings goals with attempts to pay off debt, but almost half think they can pull it off, the CFP Board says.

Trump Sues Manhattan D.A. As State Seeks President’s Tax Returns

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New York state prosecutors seek eight years of his tax returns to see if the Trump Organization falsified business records.

For Noncitizen Spouses, Beware Estate And Gift Taxes

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Noncitizen spouses require more nuanced estate planning strategies.

Kristen Kimmell To Draw Women Advisors To RBC

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She has been named head of advisor recruiting and field marketing for the wealth manager.

Fed Makes Second Straight Rate Cut, Splits On Further Action

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Fed policy makers lowered their main interest rate for a second time this year while splitting over further easing.

Climate-Change Disasters Take Toll In Health-Care Costs

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Natural disasters are not usually measured in terms of health-care costs, but these researchers say they should be.

Many Kids Don't Think Their Parents' Money Skills Add Up

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The majority of Gen Xers think personal finance class should be mandatory in high school.

Don’t Delay Developing Your Legacy Plans

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A majority of Americans are failing to take basic estate planning steps, says Edward Jones.

Active Management Is Struggling On The Institutional Side, Too

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Active institutional managers by and large are failing to keep pace with their passive benchmarks.

Survey: Many Parents Shaky On Giving Kids Financial Advice

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Some parents said they'd rather go to the dentist than talk to their children about money.

SEC Warns Against Scammers Offering Charitable Investments

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The alert stems from an enforcement action against a man who allegedly targeted and ripped off hospice patients.

Ginnie Mae Punished His Firm. Now, Trump May Put Him In Charge

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An executive whose firm was penalized for predatory lending could run Ginnie Mae, which backs home loan securities.

Rockefeller Capital Buys Wealth Firm For Silicon Valley Rich

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Rockefeller, led by a Morgan Stanley vet, bought Financial Clarity, a multifamily office overseeing $2.3 billion.

Gundlach: Treasurys Have Bottomed For 2019; 2020 Recession Odds Remain 75%

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The U.S. economy is displaying signs of weakness, but it isn't as distressing as it was one month ago.

Bitcoin ETF Proposal To SEC Withdrawn By Cboe, VanEck SolidX

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Cboe Global Markets' BZX exchange withdrew a proposal to the SEC to list shares of a Bitcoin investment vehicle.

Oak Hill Capital Acquires Equity Stake In Mercer Advisors

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Oak Hill joins Genstar as a private equity sponsor of fast-growing RIA Mercer Advisors.

SEC: Raymond James To Pay $15 Million For Overcharging Investors

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Three Raymond James subsidiaries overcharged advisory and brokerage clients by millions, the agency said.

SEC: Man, Social Worker Use Fake Charity To Rip Off The Terminally Ill

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A man founded his own hospice program to con dying patients.