Falling oil prices are now officially costing jobs

Friday's <i>Breakfast with Benjamin</i> covers oilfield job cuts coming hard and fast now that the oil boom is sinking. Plus: Ohio-based financial adviser charged in Ponzi scheme, movie industry hopes the Oscar nominees can drive ticket sales, and the time might be perfect to start buying stocks.

JAN 15, 2015

By Jeff Benjamin

Oilfield job cuts are coming hard and fast as the U.S. oil boom sinks along with oil prices. Schlumberger cuts 9,000 workers
An Ohio-based financial adviser has been indicted for a $5.5 million hedge fund Ponzi scheme involving 19 investors. Of the $7 million invested, the adviser allegedly lost $5.5 million
While 2014 was the worst year for movie theaters since 1995, the question now is whether the list of Oscar nominees will provide any help for Hollywood-related stocks. Nominations have historically boosted ticket sales by 30% or more
Has the stock market been so brutal in 2015 that it's now in value range? At least one market technician thinks so. The market has a tendency over the past 40 years to pull back during the first half of January, before launching the next rally

RIA dealmaking accelerates as three firms hit AUM milestones

Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing

VastAdvisor closes $1 million SAFE round from advisor-side backers

Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.

Wells Fargo adds three advisor practices as recruiting rebound continues

New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.

UBS will pay advisors 'handsomely' for banking starting next year

Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.

SEC accuses Tricolor executives of hiding $800 million collateral hole

How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

Falling oil prices are now officially costing jobs

Latest News

Newsletters

SUBSCRIBE

Subscribe for just $19.99 per month.