Bloomberg

Bloomberg
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Wealthy win, low-wage earners lose in tax filing extension
ADVISOR NEWS REGULATION AND LEGISLATION APR 09, 2020
Wealthy win, low-wage earners lose in tax filing extension

The postponement of the tax deadline is likely to give some wealthy taxpayers an interest-free loan on their tax bills

Fed announces up to $2.3 trillion in aid to businesses, municipalities
ADVISOR NEWS REGULATION AND LEGISLATION APR 09, 2020
Fed announces up to $2.3 trillion in aid to businesses, municipalities

The Fed is starting programs to aid small and midsize businesses, as well as state and local governments

ADVISOR NEWS WIREHOUSES APR 09, 2020
UBS pledges $2 billion to aid small businesses via U.S. plan

Enterpreneurs make up a big part of the firm's US client base, it says

There's a work-from-home ETF coming
INVESTING MUTUAL FUNDS APR 08, 2020
There's a work-from-home ETF coming

Direxion's new fund will invest in industries such as cloud technologies, remote communications and cybersecurity

SoFi to purchase Galileo for $1.2 billion to expand banking tech
ADVISOR NEWS FINTECH APR 07, 2020
SoFi to purchase Galileo for $1.2 billion to expand banking tech

The acquisition will help the online lender build up its technology for brokerage and investment services

Millennials fled when stocks took a dive in March
INVESTING EQUITIES APR 07, 2020
Millennials fled when stocks took a dive in March

Stock-market exposure for millennials dropped below the average for clients of all ages last month, according to a TD Ameritrade index

Jamie Dimon sees ‘bad recession’ and echoes of 2008 crisis ahead
ADVISOR NEWS WIREHOUSES APR 06, 2020
Jamie Dimon sees ‘bad recession’ and echoes of 2008 crisis ahead

The only current CEO who steered a major U.S. bank through the financial crisis said the firm's earnings will be “down meaningfully” this year

Economic turmoil challenges FIRE followers
RIAS RIA NEWS APR 06, 2020
Economic turmoil challenges FIRE followers

The market sell-off means early retirees may find their finances strained

Treasuries staring at negative rates after Fed's bank move
INVESTING FIXED INCOME APR 03, 2020
Treasuries staring at negative rates after Fed's bank move

The central bank's decision to allow banks to take on more leverage is pushing down yields on Treasuries

ETFs shutting down at the fastest pace since 2017
INVESTING MUTUAL FUNDS APR 02, 2020
ETFs shutting down at the fastest pace since 2017

During the first quarter, 72 exchange-traded funds with $1.4 billion in assets closed their doors