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JPMorgan posts record revenue on interest rates, First Republic deal
RIA NEWS JUL 14, 2023
JPMorgan posts record revenue on interest rates, First Republic deal

The firm's $41.3 billion in revenue beat analysts' expectations, fueled by $21.8 billion in net interest income as well as a $2.7 billion gain on its purchase of First Republic.

Equities have performed their best since March this week
RIA NEWS JUL 14, 2023
Equities have performed their best since March this week

Despite a pause in the rally Friday, stocks are on course for a strong week

Fed's Waller calls for two more rate hikes likely by year-end
RIA NEWS JUL 14, 2023
Fed's Waller calls for two more rate hikes likely by year-end

The Fed chair says increasing by another 50 basis points will be necessary to bring inflation down to the central bank’s target

Equities rally does not signal end of risk, warns Goldman Sachs
RIA NEWS JUL 14, 2023
Equities rally does not signal end of risk, warns Goldman Sachs

The bank's strategists say risk of recession, rates, and central bank surprises all remain elevated

Former Celsius CEO charged with fraud in latest DOJ crypto case
ALTERNATIVES JUL 13, 2023
Former Celsius CEO charged with fraud in latest DOJ crypto case

The SEC, the CFTC and the FTC also filed lawsuits against Alex Mashinsky and his crypto lending company.

Dollar slumps to 15-month low as risk-on mood continues
RIA NEWS JUL 13, 2023
Dollar slumps to 15-month low as risk-on mood continues

Markets sense rates and recession are less of a threat

Pimco to boost hiring for push into private credit
RIA NEWS JUL 13, 2023
Pimco to boost hiring for push into private credit

The investment manager has been growing its overall alternative assets focus

Why hasn't bitcoin caught a wave as markets surge?
ALTERNATIVES JUL 13, 2023
Why hasn't bitcoin caught a wave as markets surge?

Concern expressed over the crypto flag bearer's outlook.

SEC overhauls money-market fund rules to thwart rapid outflows
MUTUAL FUNDS JUL 12, 2023
SEC overhauls money-market fund rules to thwart rapid outflows

The regulator won't require 'swing pricing' for money funds after fierce pushback from the industry.

US inflation expectations boost stocks ahead of data
RIA NEWS JUL 12, 2023
US inflation expectations boost stocks ahead of data

Bond yields and the greenback have eased on hopes of slowing price rises.