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Fed hikes rates half-point as Powell signals similar moves ahead
NEWS REGULATION AND LEGISLATION MAY 04, 2022
Fed hikes rates half-point as Powell signals similar moves ahead

The interest-rate increase is the biggest since 2000 and is the most aggressive policy action in decades to combat soaring inflation.

Jamie Dimon says Fed should have raised rates sooner
NEWS REGULATION AND LEGISLATION MAY 04, 2022
Jamie Dimon says Fed should have raised rates sooner

JPMorgan CEO says a bigger risk to the global economy is the war in Ukraine as it signals the ‘Cold War is back.'

Wall Street regulators consider 'staggering' curbs on complex ETFs
INVESTING ETFS MAY 03, 2022
Wall Street regulators consider 'staggering' curbs on complex ETFs

The crackdown could hit everything from leveraged and inverse vehicles to cryptocurrency-linked funds and defined-outcome strategies.

SEC crypto team getting 20 more officials in bid to crack down
INVESTING ALTERNATIVES MAY 03, 2022
SEC crypto team getting 20 more officials in bid to crack down

The additions will bring the agency's Crypto Assets and Cyber Unit to 50 people.

Vanguard clients decry tax debacle
RETIREMENT RETIREMENT PLANNING MAY 02, 2022
Vanguard clients decry tax debacle

Many Vanguard clients who invested in target-date funds face significantly higher tax bills this year because of a change the company made to its target-date funds in late 2020.

Popular retirement funds suffer as tech stocks plunge
RETIREMENT RETIREMENT PLANNING APR 30, 2022
Popular retirement funds suffer as tech stocks plunge

Many growth-oriented stock funds offered in 401(k) plans are down more than 10% so far this year.

Billion-dollar adviser accuses JPMorgan of misogyny
NEWS REGULATION AND LEGISLATION APR 29, 2022
Billion-dollar adviser accuses JPMorgan of misogyny

Gwen Campbell says in a complaint filed with the EEOC that she was subjected to 'name-calling' and 'sexist decrees' when she joined JPMorgan in 2020.

Pimco's Kiesel who called housing top and bottom says it's time to sell
NEWS INDUSTRY NEWS APR 29, 2022
Pimco's Kiesel who called housing top and bottom says it's time to sell

The bond manager says sky-high values, soaring interest rates and other costs of homeownership dampen prospects for future appreciation.

Crypto bill in House would limit SEC's jurisdiction over exchanges
INVESTING ALTERNATIVES APR 28, 2022
Crypto bill in House would limit SEC's jurisdiction over exchanges

The measure sponsored by a bipartisan group of representatives would bring exchanges that offer digital assets like Bitcoin directly under the purview of the Commodity Futures Trading Commission.

Former Merrill adviser assigned to rehabilitation after racist rant
NEWS WIREHOUSES APR 28, 2022
Former Merrill adviser assigned to rehabilitation after racist rant

James Iannazzo, who lost his job at Merrill after a tirade at a smoothie shop, will have the charges against him dismissed after a year under supervision.