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Blowout jobs report fuels Wall Street fear of ‘lose-lose’ market
NEWS INDUSTRY NEWS JAN 10, 2025
Blowout jobs report fuels Wall Street fear of ‘lose-lose’ market

Surging payrolls data and shrinking unemployment have disrupted hopes for a Fed rate cut-fueled bull market in 2025

Wealth managers planning to add to ranks in 2025
NEWS PRACTICE MANAGEMENT JAN 10, 2025
Wealth managers planning to add to ranks in 2025

America added more jobs than expected in December. Likewise, RIA firms plan to step up hiring in the coming months.

Raymond James could be on the hook for $40 million in additional penalties
NEWS BROKER DEALERS JAN 10, 2025
Raymond James could be on the hook for $40 million in additional penalties

Company says the latest disclosure is not linked to off-channel communication issues.

Don't rub SALT cap expansion in US tax system's wounds, urges CRFB
NEWS TAX JAN 10, 2025
Don't rub SALT cap expansion in US tax system's wounds, urges CRFB

Analysis warns proposed $20,000 deduction for married couples would only add to projected $3.9 trillion revenue loss, among other consequences.

Dodge & Cox reveals CEO Dana Emery to step down
NEWS MUTUAL FUNDS JAN 10, 2025
Dodge & Cox reveals CEO Dana Emery to step down

The mutual fund giant's chair and chief executive is retiring after a lengthy 40-year tenure at the firm.

Wealth Enhancement Group tops $103B in assets with Ohio acquisition
NEWS RIAS JAN 10, 2025
Wealth Enhancement Group tops $103B in assets with Ohio acquisition

The RIA colossus adds to its still-growing national footprint with its fourth location in the state.

Captrust welcomes $300M Wealth Covenant Group
NEWS RIAS JAN 10, 2025
Captrust welcomes $300M Wealth Covenant Group

The independent wealth titan's latest acquisition in Houston expands its Texas presence into a dozen locations.

Tariffs, tax policies among biggest concerns for mid-market CEOs
NEWS INDUSTRY NEWS JAN 10, 2025
Tariffs, tax policies among biggest concerns for mid-market CEOs

Business leaders express are weighing potential financial impact.

Man denied chance to find $700M bitcoin fortune tossed in the trash by ex
NEWS INDUSTRY NEWS JAN 10, 2025
Man denied chance to find $700M bitcoin fortune tossed in the trash by ex

Claimant wants to excavate a landfill facility to search for hard drive.

Anxious markets weak ahead of US payroll data
NEWS INDUSTRY NEWS JAN 10, 2025
Anxious markets weak ahead of US payroll data

Investors pause for signals on economic strength, Fed rates.

US jobs data expected to support Fed narrative
NEWS INDUSTRY NEWS JAN 10, 2025
US jobs data expected to support Fed narrative

Official data due Friday likely to show resilient labor market.

Citi sees 10% rally for global stocks
NEWS INDUSTRY NEWS JAN 10, 2025
Citi sees 10% rally for global stocks

Strategists anticipate corporate earnings growth ahead.

Canada plans retaliation against Trump tariffs
NEWS INDUSTRY NEWS JAN 10, 2025
Canada plans retaliation against Trump tariffs

Government drafting extensive list of US products that will be impacted.

BlackRock exits net-zero alliance following Wall Street exodus
NEWS ESG JAN 09, 2025
BlackRock exits net-zero alliance following Wall Street exodus

The investment titan overseeing $11 trillion in assets decided to leave the climate coalition amid mounting pressure from Republican politicians.

UBS reportedly close to settling Credit Suisse tax charges with Justice Department
NEWS WIREHOUSES JAN 09, 2025
UBS reportedly close to settling Credit Suisse tax charges with Justice Department

The banking giant is set to pay at least a nine-figure sum over collapsed lender's failure to cooperate with efforts to catch tax-evading clients, according to the Wall Street Journal.

Blackstone’s latest fund rakes in cash, sells more than $1B
NEWS EQUITIES JAN 09, 2025
Blackstone’s latest fund rakes in cash, sells more than $1B

It’s the second straight year that Blackstone has launched a new fund in the alternative investment space and had a hit right off the bat.

Cerity Partners gets boost in Boston with Prio Wealth merger
NEWS RIAS JAN 09, 2025
Cerity Partners gets boost in Boston with Prio Wealth merger

The independent wealth giant's latest move in New England gives it an additional $4.1 billion in assets along with a "highly credentialed and experienced team."

Over half of advisors warming up to crypto after Trump's election win, finds survey
NEWS ALTERNATIVES JAN 09, 2025
Over half of advisors warming up to crypto after Trump's election win, finds survey

With nearly all poll participants fielding questions from curious clients, the percentage of advisors investing in the asset class has doubled from 2023.

Wealth managers reject bearish arguments as S&P goes for 'three-peat'
NEWS RIAS JAN 09, 2025
Wealth managers reject bearish arguments as S&P goes for 'three-peat'

Wall Street may not be expecting an S&P 500 "three-peat" victory in 2025, but that does not mean they are not bullish.

Obscure inflation metric gives Fed fresh reason for confidence
NEWS INDUSTRY NEWS JAN 09, 2025
Obscure inflation metric gives Fed fresh reason for confidence

The price measure, whose methodology differs from the central bank's preferred inflation gauge, offers a different picture of recent months.