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T-bills are scarce and the shortage is about to get even worse
MUTUAL FUNDS MAR 12, 2020
T-bills are scarce and the shortage is about to get even worse

Supply is set to get squeezed as the coronavirus scare causes demand for Treasuries to soar

Stocks sink on disappointment with virus responses
EQUITIES MAR 12, 2020
Stocks sink on disappointment with virus responses

Early selling triggered a 15-minute halt, with the S&P 500 index off as much as 8.5%

Bull market ends as it began: In chaos and without warning
EQUITIES MAR 12, 2020
Bull market ends as it began: In chaos and without warning

The Dow Jones Industrial Average's 20% drop ends a record 11-year run that added $20 trillion to equities

Treasury may extend April 15 tax deadline over coronavirus
RIA NEWS MAR 11, 2020
Treasury may extend April 15 tax deadline over coronavirus

That deadline is cited in the tax code, but the agency regularly makes exceptions, especially for victims of natural disasters

Treasuries can also be risky, Wall Street warns
FIXED INCOME MAR 11, 2020
Treasuries can also be risky, Wall Street warns

Analysts caution that U.S. government bonds may be losing their effectiveness as a hedge

Robinhood maxed out credit line last month
FINTECH MAR 10, 2020
Robinhood maxed out credit line last month

The move came as the online brokerage suffered three different outages amid violent market swings

Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’
PRACTICE MANAGEMENT MAR 10, 2020
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’

Charles Scharf told the House Financial Services Committee that the bank had a 'flawed business model' and that its 'culture was broken'

SEC employees told to ‘telework’ given possible virus case
PRACTICE MANAGEMENT MAR 10, 2020
SEC employees told to ‘telework’ given possible virus case

The commission confirmed a worker at its Washington headquarters was treated for respiratory symptoms and was being tested for coronavirus

Market slide puts focus on companies’ balance sheets
EQUITIES MAR 10, 2020
Market slide puts focus on companies’ balance sheets

Stocks of companies with a lot of leverage could be hit hard if a credit crunch develops, analysts say

Robinhood app goes down for second time in a week
FINTECH MAR 09, 2020
Robinhood app goes down for second time in a week

The online brokerage was having problems with trading in equities, options and cryptocurrencies