The cap is a key revenue raiser in the $1.5 trillion tax-code overhaul.
State and local government bonds tend to outperform when taxes are rising.
His returns at Janus failed to live up to his stellar long-term record at Pimco.
The online startup can't retrieve about $145 million held in digital 'wallets' for its customers.
Renaissance Technologies workers have seen their Roth IRA holdings in its Medallion Fund grow eight-fold in five years.
Franklin Templeton's Sonal Desai sees two more rate hikes this year, citing the U.S. economy's continued strength.
U.S. mutual funds and exchange-traded funds that passively track indexes now hold 48% assets and are likely to top 50% in 2019.
The settlement with 50 states and the District of Columbia announced Friday resolves state investigations into Wells Fargo's practices from 2002 to 2017.
Mutual funds suffered redemptions of $56.2 billion in the week ended Dec. 19.
U.S. stocks staged one of the biggest rallies of the 9 1/2 year bull market after coming within points of seeing it end, with major indexes surging at least 4.9%.
