Industry News

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Fed's Powell outlines two priorities as rate cuts near
NEWS INDUSTRY NEWS AUG 26, 2024
Fed's Powell outlines two priorities as rate cuts near

Strategy will be under review in the coming months.

By Bloomberg
Gold run has further to go as bulls celebrate
NEWS INDUSTRY NEWS AUG 26, 2024
Gold run has further to go as bulls celebrate

Lower US interest rates will provide new gains for bullion.

By Bloomberg
'Time has come' for Fed rate cuts, says Powell
NEWS INDUSTRY NEWS AUG 23, 2024
'Time has come' for Fed rate cuts, says Powell

The Federal Reserve chair has solidified the central bank's plans to begin lowering borrowing costs as confidence on inflation grows.

By Bloomberg
529s, loans, credits ... financial strategies for back-to-school planning
NEWS INDUSTRY NEWS AUG 23, 2024
529s, loans, credits ... financial strategies for back-to-school planning

Advisors share planning ideas, and some lessons learned, to help ensure clients' kids are getting an education.

By Josh Welsh
Florida men plead guilty to $3M fraudulent tax return scheme
NEWS INDUSTRY NEWS AUG 23, 2024
Florida men plead guilty to $3M fraudulent tax return scheme

IRS was persuaded to pay out $1.5M in falsely claimed refunds.

By Steve Randall
Markets expect Fed chair to play it safe with Jackson Hole speech
NEWS INDUSTRY NEWS AUG 23, 2024
Markets expect Fed chair to play it safe with Jackson Hole speech

But there is always the potential for shocks.

By Bloomberg
Why are family offices losing interest in private credit funds?
NEWS INDUSTRY NEWS AUG 23, 2024
Why are family offices losing interest in private credit funds?

Industry data shows weakened interest for the months ahead.

By Bloomberg
ESG regulation is risk for commodities, warns Jefferies
NEWS INDUSTRY NEWS AUG 23, 2024
ESG regulation is risk for commodities, warns Jefferies

New rules affect firms trading with the EU.

By Bloomberg
UBS loses US activism defense staff to BofA, Wells Fargo
NEWS INDUSTRY NEWS AUG 23, 2024
UBS loses US activism defense staff to BofA, Wells Fargo

Sources report several team members have jumped ship.

By Bloomberg
Stocks have recovered from summer selloff, but bears are lurking, strategists say
NEWS INDUSTRY NEWS AUG 22, 2024
Stocks have recovered from summer selloff, but bears are lurking, strategists say

The market may have recovered from its summer swoon, but fall has historically been a rocky time for stocks.

By Gregg Greenberg
B. Riley-backed Franchise Group gets slight reprieve from lenders
NEWS INDUSTRY NEWS AUG 22, 2024
B. Riley-backed Franchise Group gets slight reprieve from lenders

A group of first-lien debt holders have made some concessions as the troubled firm tries to dig out of its $1.5B debt hole.

By Bloomberg
Structuring portfolios with a global mindset
NEWS INDUSTRY NEWS AUG 22, 2024
Structuring portfolios with a global mindset

Michael Godwin, of Fragasso Financial Advisors, cautions against assumption that a soft landing is a given for US economy.

By Chris Davis
The rise of AI in compliance handling
NEWS INDUSTRY NEWS AUG 22, 2024
The rise of AI in compliance handling

“You need the human being behind the data,” insists compliance legal expert.

By Chris Davis
Morgan Stanley’s Bloomer confirmed dead in superyacht tragedy
NEWS INDUSTRY NEWS AUG 22, 2024
Morgan Stanley’s Bloomer confirmed dead in superyacht tragedy

Authorities are continuing their efforts to investigate the disaster that took the life of the 70-year-old veteran leader.

By Leo Almazora
Edward Jones expands financial services offerings in branches
NEWS INDUSTRY NEWS AUG 22, 2024
Edward Jones expands financial services offerings in branches

The firm is leveraging existing partnerships for enhanced services.

By Steve Randall
How much do Americans believe makes someone wealthy in 2024?
NEWS INDUSTRY NEWS AUG 22, 2024
How much do Americans believe makes someone wealthy in 2024?

And what net worth is required to be considered 'comfortable'?

By Steve Randall
TD sets aside $2.6B for money laundering fines, sells Schwab shares
NEWS INDUSTRY NEWS AUG 22, 2024
TD sets aside $2.6B for money laundering fines, sells Schwab shares

Canadian big six bank is expecting matter to be settled by year-end.

By Bloomberg
Media investor raises Paramount Global bid to $6B
NEWS INDUSTRY NEWS AUG 22, 2024
Media investor raises Paramount Global bid to $6B

It could upset the planned merger with Skydance Media.

By Bloomberg
Euro-zone data suggests ECB could cut rates again
NEWS INDUSTRY NEWS AUG 22, 2024
Euro-zone data suggests ECB could cut rates again

European economies' outlook has weakened.

By Bloomberg
Largest crypto platform compliance costs top $200M
NEWS INDUSTRY NEWS AUG 22, 2024
Largest crypto platform compliance costs top $200M

The firm is hiring 1,000 people this year including compliance staff.

By Bloomberg