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Three major central banks set for rate decisions this week
NEWS INDUSTRY NEWS JUL 29, 2024
Three major central banks set for rate decisions this week

Fed not expected to cut, but traders hope for September signals.

By Bloomberg
What's the best Trump Trade right now?
NEWS INDUSTRY NEWS JUL 29, 2024
What's the best Trump Trade right now?

Spoiler alert: It's not the US dollar.

By Bloomberg
Another Wall Street titan to launch funds in UAE
NEWS INDUSTRY NEWS JUL 29, 2024
Another Wall Street titan to launch funds in UAE

New feeder funds will operate through local licensed promoters.

By Bloomberg
LPL dumping two branch offices with $20 billion in assets
NEWS BROKER DEALERS JUL 26, 2024
LPL dumping two branch offices with $20 billion in assets

All IBDs, not just LPL, have a love/hate relationship with OSJs, industry sources said.

By Bruce Kelly
"Leading with heart, winning with hustle"
NEWS INDUSTRY NEWS JUL 26, 2024
"Leading with heart, winning with hustle"

We aim to create concierge-level service to support financial plan, says advisor.

By Chris Davis
Magnificent 7 still motors the market, says LPL strategist
NEWS INDUSTRY NEWS JUL 26, 2024
Magnificent 7 still motors the market, says LPL strategist

Despite talk about a market rotation, the Magnificent 7 remains the market's primary mover according to LPL's Quincy Krosby.

By Gregg Greenberg
Merrill partners with sports education brand for financial awareness program
NEWS INDUSTRY NEWS JUL 26, 2024
Merrill partners with sports education brand for financial awareness program

Student athletes and their families will receive education, resources.

By Steve Randall
Stocks on hold as market awaits US inflation data
NEWS INDUSTRY NEWS JUL 26, 2024
Stocks on hold as market awaits US inflation data

Equities retreat broadened out from megacap tech sector.

By Bloomberg
Tech investors swap out megacaps for alternative AI exposure
NEWS INDUSTRY NEWS JUL 26, 2024
Tech investors swap out megacaps for alternative AI exposure

Smaller participants are gaining from investor pivot.

By Bloomberg
JPMorgan staff now have an AI research analyst
NEWS INDUSTRY NEWS JUL 26, 2024
JPMorgan staff now have an AI research analyst

The firm has rolled out a new chatbot.

By Bloomberg
Ameriprise, Raymond James report new highs in wealth management
NEWS BROKER DEALERS JUL 25, 2024
Ameriprise, Raymond James report new highs in wealth management

Meanwhile, senior execs at both firms are keeping an eye on increases of yields on cash at competitors.

By Bruce Kelly
Advisors consider BDCs as Fed rate cuts loom
NEWS INDUSTRY NEWS JUL 25, 2024
Advisors consider BDCs as Fed rate cuts loom

Publicly traded BDCs have risen in popularity due to their high yields, but are they right for a slowing economy?

By Gregg Greenberg
Final week to submit entries for Rising Stars 2024
NEWS INDUSTRY NEWS JUL 25, 2024
Final week to submit entries for Rising Stars 2024

Entries for InvestmentNews’ Rising Stars close this Friday.

By IN Staff
$1 billion practice joins LPL Financial
NEWS INDUSTRY NEWS JUL 25, 2024
$1 billion practice joins LPL Financial

The group includes 22 advisors and eight support staff.

By Jonalyn Cueto
US annuity sales reach record high in the first half of 2024
NEWS LIFE INSURANCE AND ANNUITIES JUL 25, 2024
US annuity sales reach record high in the first half of 2024

Annuities have benefited from favorable economic conditions and the Federal Reserve not cutting interest rates this year, says Limra head of research.

By Jonalyn Cueto
Stifel's Q2 2024 earnings beat forecasts
NEWS INDUSTRY NEWS JUL 25, 2024
Stifel's Q2 2024 earnings beat forecasts

Company reports substantial increase in revenue compared to last year.

By Jonalyn Cueto
Wall Street veteran, NBA Hall of Famer, unite for athlete-focused platform
NEWS INDUSTRY NEWS JUL 25, 2024
Wall Street veteran, NBA Hall of Famer, unite for athlete-focused platform

Athlete investors will have access to early-stage companies.

By Steve Randall
Earnings, growth concerns drag stocks lower
NEWS INDUSTRY NEWS JUL 25, 2024
Earnings, growth concerns drag stocks lower

US GDP, jobless claims data awaited later Thursday.

By Bloomberg
US Treasuries rally sharply amid global demand
NEWS INDUSTRY NEWS JUL 25, 2024
US Treasuries rally sharply amid global demand

Calls intensify for Fed rate cut this month.

By Bloomberg
Cryptos fall following megacap tech stock drop
NEWS INDUSTRY NEWS JUL 25, 2024
Cryptos fall following megacap tech stock drop

Easing of AI frenzy has dented sentiment.

By Kristine Esguerra