FA News

U.S. Budget Gap Set To Top $1 Trillion In 2020, Two Years Sooner Than Expected

by

It would be the first time the deficit exceeded the $1 trillion mark since 2012.

Goldman Plans Hiring Spree In Trading (Only Coders Need Apply)

by

Rapid advancements in technology have fundamentally altered the way that business gets done.

Fidelity Says Number Of 401(k) Millionaires Hits Record High

by

Investors have accumulated a record number of IRA accounts with $1 million or more, the company reported.

Why Couples Will Weather A Recession In Greater Financial Comfort

by

People in a relationship, men and baby boomers express the most confidence about their finances, Personal Capital said.

France Sees No-Deal Brexit As Likeliest Scenario

by

France is getting ready to impose controls on the EU's border with the U.K., a French official said.

The One Job In Banking The Robots Can't Take

by

Banks and tech companies need to overcome a number of obstacles for AI to succeed in tackling money laundering.

Goldman Sachs Expects Fed To Cut Twice More

by

The central bank is placing great weight on bond-market pricing in its decisions, the firm said.

Muni-Bond Buyers Are Desperate. Risky Borrowers Are Cashing In

by

The Federal Reserve’s decision to lower benchmark borrowing costs is keeping the U.S. awash in cheap credit.

Former Broker Charged In South Florida Alternative Investment Scheme

by

The SEC said Scott P. Strochak and the firm he represented cheated 17 retail investors out of nearly $3.8 million.

Japan’s $1.5 Trillion Manager Warns Of Global Investing Losses

by

Stocks, bonds and currencies all lost money for Japan's Government Pension Investment Fund.

Bluespring Wealth Makes Ohio RIA Its First Acquisition

by

Hickory Asset Management joins Bluespring Wealth with $153 million AUM.

Payroll Tax Cut Could Boost Economy, But Not Trump’s Re-Election

by

While a payroll tax cut could juice the economy, chances are good that voters wouldn't notice it.

AdvisorNet Financial Appoints President As Cetera Financial Group Grows

by

Cetera Financial Group also announced substantial growth this year.

Facebook's Libra Currency Gets European Union Antitrust Scrutiny

by ,

The EU joins American institutions' skepticism over Facebook's Libra digital token.

CEOs Spurn Investor-First Model. Now Critics Ask ‘What's Next?’

by ,

Should public companies focus on serving shareholders or work to become better corporate citizens?

Rates Traders Ripe For Disappointment, Live From Jackson Hole

by

The market expects - and may demand - significant additional rate cuts, but the Fed may disagree.

JPMorgan’s Kolanovic Sees Pivot Back To Stocks By End Of August

by

Since many fixed portfolios will have to rotate back into stocks, equity market volatility should fall.

HighTower Makes Strategic Investment In $1B Lexington Wealth

by

HighTower, acquired a stake in Lexington Wealth Management, a Mass.-based advisor with $1 billion AUA.

New Hampshire Law Empowers Advisors To Protect Senior Clients From Financial Fraud

by

The FPA backed a similar law that was enacted in Arizona earlier this year.

McKinsey Sees ‘Ominous’ Signs Of Another Asian Debt Crisis

by

Two decades after the "Asian flu" struck financial markets, there are symptoms of a recurrence.