Bloomberg

Bloomberg
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Citadel trading chief says Tesla poses risk to other S&P 500 stocks
RIA NEWS DEC 18, 2020
Citadel trading chief says Tesla poses risk to other S&P 500 stocks

As funds that track the benchmark add the carmaker’s shares, they will dump an equal amount of stock in existing members, producing intense selling pressure

BlackRock sees 'advantageous' trade in dividend stocks next year
RIA NEWS DEC 18, 2020
BlackRock sees 'advantageous' trade in dividend stocks next year

Dividend payers are back in favor and may continue to beat bonds in a world of historically low rates

Robinhood to pay $65 million to end SEC probe into stock orders
REGULATION, LEGAL & COMPLIANCE DEC 17, 2020
Robinhood to pay $65 million to end SEC probe into stock orders

Online broker allegedly failed to properly inform clients that it sold their stock orders to high-frequency traders and other financial firms

Bitcoin breaks above $23,000 as Wall Street firms pile in
RIA NEWS DEC 17, 2020
Bitcoin breaks above $23,000 as Wall Street firms pile in

As the cryptocurrency's momentum buildings, analysts predict more gains ahead

Vanguard makes history with first $1 trillion equity fund
MUTUAL FUNDS DEC 16, 2020
Vanguard makes history with first $1 trillion equity fund

Vanguard Total Stock Market Index Fund includes both a mutual fund and an ETF

Ameriprise, CI eyeing Wells Fargo asset management unit
WIREHOUSES DEC 15, 2020
Ameriprise, CI eyeing Wells Fargo asset management unit

Offers are due later this month for the division, which reportedly could fetch more than $3 billion

A stock trader's guide to the global COVID-19 vaccine rollout
RIA NEWS DEC 14, 2020
A stock trader's guide to the global COVID-19 vaccine rollout

With multiple vaccine types, the distribution chains involve hundreds of businesses and thousands of employees around the world

State Street looking at options for asset management unit
RIA NEWS DEC 11, 2020
State Street looking at options for asset management unit

The company has evaluated potential combinations with the asset management operations of rivals

SEC enforcement chief Stephanie Avakian leaving
REGULATION, LEGAL & COMPLIANCE DEC 10, 2020
SEC enforcement chief Stephanie Avakian leaving

Marc Berger, the enforcement unit's deputy director, will serve as acting chief, the agency says

JPMorgan enters green ETF arena with carbon fund
RIA NEWS DEC 10, 2020
JPMorgan enters green ETF arena with carbon fund

The passive fund tracks a gauge that screens the Russell 1000 Index for companies trying to reduce their carbon footprint