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Fed raises interest rates by half point as it signals borrowing costs will head higher next year
NEWS INDUSTRY NEWS DEC 14, 2022
Fed raises interest rates by half point as it signals borrowing costs will head higher next year

Chair Jerome Powell said ‘we still have some ways to go’ after the FOMC raised its benchmark rate to a 4.25% to 4.5% target range.

SEC plan calls for overhaul of the way stocks are traded
NEWS REGULATION AND LEGISLATION DEC 14, 2022
SEC plan calls for overhaul of the way stocks are traded

The agency laid out four proposals that Chair Gary Gensler says would boost transparency and competition.

Americans close to retirement get good news on 4% rule
RETIREMENT RETIREMENT PLANNING DEC 13, 2022
Americans close to retirement get good news on 4% rule

With the outlook improving for stocks and bonds next year, the percentage of a nest egg that retirees can safely start withdrawing from savings has increased to 3.8% from 3.3% in 2021, according to a Morningstar report.

Goldman plans to slash hundreds of more jobs
YOUR PRACTICE PRACTICE MANAGEMENT DEC 13, 2022
Goldman plans to slash hundreds of more jobs

Chief Executive Officer David Solomon has said he’s dialing back the firm’s ambitions for consumer banking.

SEC says Bankman-Fried defrauded investors of $1.8 billion
INVESTING ALTERNATIVES DEC 13, 2022
SEC says Bankman-Fried defrauded investors of $1.8 billion

Bankman-Fried, who was arrested Monday in the Bahamas, also concealed risks and FTX's relationship with his trading firm, Alameda Research, the agency says.

Fidelity funds seek to make bigger bets on individual stocks
INVESTING MUTUAL FUNDS DEC 08, 2022
Fidelity funds seek to make bigger bets on individual stocks

The money manager is asking shareholders to sign off on a proposal to let 13 of its growth funds exceed limits on the size of their stakes in individual stocks.

Hundreds of new ETFs launched this year amid bear market
INVESTING MUTUAL FUNDS DEC 08, 2022
Hundreds of new ETFs launched this year amid bear market

Firms have brought 422 new ETFs to market so far this year, putting them on track to surpass last year's record.

Microsoft shareholders to vote on proposal for audit of how firm’s 401(k) plans manage climate risk
RETIREMENT RETIREMENT PLANNING DEC 08, 2022
Microsoft shareholders to vote on proposal for audit of how firm’s 401(k) plans manage climate risk

Microsoft is largely considered a corporate leader on climate action but currently has no ready-made sustainable investing retirement option.

Robinhood goes after retirement dollars
RETIREMENT RETIREMENT PLANNING DEC 07, 2022
Robinhood goes after retirement dollars

The brokerage platform has launched Robinhood Retirement, which lets users open IRAs on its platform and matches 1% of their contributions.

Vanguard pulls out of climate-finance alliance
INVESTING ESG DEC 07, 2022
Vanguard pulls out of climate-finance alliance

The asset manager said it is withdrawing from the Net Zero Asset Managers initiative in a move to maintain the freedom not to restrict its investment options.