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Morgan Stanley sued for racial bias by former diversity head
YOUR PRACTICE PRACTICE MANAGEMENT JUN 16, 2020
Morgan Stanley sued for racial bias by former diversity head

Marilyn Booker, the firm's first global head of diversity, says it refused to adopt her plan to address racial bias

BlackRock plans ETF focused on remote-work companies
INVESTING MUTUAL FUNDS JUN 16, 2020
BlackRock plans ETF focused on remote-work companies

Its move follows Direxion's April announcement of a 'work-from-home' fund

Fed to begin buying corporate bonds
INVESTING FIXED INCOME JUN 16, 2020
Fed to begin buying corporate bonds

The Secondary Market Corporate Credit Facility is one of nine emergency lending programs the Fed has announced since mid-March

Morgan Stanley economists stick with call for V-shaped recovery
NEWS WIREHOUSES JUN 15, 2020
Morgan Stanley economists stick with call for V-shaped recovery

Their forecast cites the sizable policy support from central banks and finance ministries

Dow drops almost 7% on economy, virus fears
INVESTING EQUITIES JUN 11, 2020
Dow drops almost 7% on economy, virus fears

The stock market's rally came to a screeching halt Thursday amid worries about the economy and a second wave of coronavirus infections

Fed chairman predicts slow recovery for jobs market
NEWS REGULATION AND LEGISLATION JUN 11, 2020
Fed chairman predicts slow recovery for jobs market

Powell plays down the May jobs gain and suggests it will take years to get U.S. employment back to its pre-pandemic level

Rising rates may lead to Fed yield-curve control, Gundlach says
INVESTING FIXED INCOME JUN 10, 2020
Rising rates may lead to Fed yield-curve control, Gundlach says

DoubleLine executive's comments come as the spread between 5- and 30-year Treasury yields hits its steepest level since 2016

Banks cite gains against fintechs
YOUR PRACTICE FINTECH JUN 10, 2020
Banks cite gains against fintechs

Pandemic is encouraging consumers to do business with larger companies, says Morgan Stanley's CEO

More companies may cut 401(k) matches
RETIREMENT RETIREMENT PLANNING JUN 09, 2020
More companies may cut 401(k) matches

As of late April, 12% of companies surveyed had suspended their matching contributions and another 23% said they might halt them

A third of institutional investors hold crypto assets: Fidelity
INVESTING ALTERNATIVES JUN 09, 2020
A third of institutional investors hold crypto assets: Fidelity

Among U.S. respondents, 27% say they own digital assets, up from 22% a year ago