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Industry News

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Emerging-market stocks set to erase losses as valuations entice investors

After a $1 trillion wipeout, emerging markets are back in favor.

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Hedge funds have cut back on Magnificent Seven holdings

Funds were net sellers of big tech stocks in the fourth quarter.

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HSBC commits to slashing carbon footprint in capital markets

The global banking group becomes one of the first to set targets.

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‘Sobering’ report shows increasing reach of fintech over traditional firms

About a quarter of Americans have tried a tech-based savings or investing service, and companies with scale are getting the most business, a report from Hearts & Wallets finds.

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Black, Hispanic investors younger, more open to risk: Report

Minority investors are more likely to engage in risky investments such as meme stocks, cryptocurrencies, and options, according to a report from the Finra Investor Education Foundation.

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Number of CFPs hits new global high

The latest numbers point to four booming markets for financial planning professionals, including two double-digit growth hotspots.

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Mega-RIAs still winning out amid advisor growth surge: Cerulli

Even as the pace of advisor growth doubled, challenges continued for the overwhelming majority of smaller firms.

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LPL is stepping up support for high-net-worth advisors

New high-net-worth services offering provides access to advisory dream team of attorneys, CPAs, and advanced planning specialists.

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8 in 10 Americans admit regrets about their financial choices

Survey reveals the most common things that people wish they had done.

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China economy fears outweigh earnings in early trading

European and Asian markets started Tuesday in decline.

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Capital One to pay $35B for Discover in 2024’s largest deal so far

Combined entity will be largest US credit card firm by loan volume.

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Stock market firm to boost parental leave to 26 weeks

It will escalate benefit for US workers and surpass many industry rivals.

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Social Security fixes include raising retirement age, taxable income cap: Conference Board

Report from policy think tank details the program's financial problems and suggests a number of reforms.

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A nomination makes someone feel ‘more included,’ manager says

Nominations for the InvestmentNews Awards close on March 1.

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Trump fined $364M in New York civil fraud trial

The former president was also banned from running any business in the state for three years.

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Goldman CEO Solomon’s pay surges 24 percent to $31M

The board lifted the CEO's pay after the firm's profit tumbled last year.

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Wealth management division helps propel Empower to new records

The 10-year-old firm has seen strong growth in its assets, client base, and earnings.

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Older people lose $28B to scams, maybe due to a more trusting nature

University of Florida research reveals years of experience can be a bad thing.

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Atlanta Fed president says rate cuts may not come for a while

Raphael Bostic said Thursday that conditions remain uncertain.

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Has a global investment bank banned the long weekend?

Not exactly, but four straight days at home are no longer allowed.