Wall Street earnings, AI stocks push S&P 500 higher
But markets are still uncertain about Fed’s moves, with data inconclusive.
Hundreds invested $63M in real estate deals, but where’s the cash?
Crowdfunded investments in Atlanta and Miami real estate have allegedly disappeared with the property firm filing for bankruptcy.
Can AI fix digital collectibles slump? No, says $69M NFT creator
With interest in non-fungible tokens having fallen sharply, some think artificial intelligence is the panacea, but it could make things worse.
Financial planning for a Hollywood strike
Clients affected by the writers' and actors' strikes have different needs but could be out of work for some time.
FPA rolls out welcome mat for alternative investments
A partnership with the Chartered Alternative Investment Analyst Association will help FPA members educate themselves and their clients about alternatives.
Despite revenue dip, Merrill Lynch growth contributes to strong quarter for BofA
Merrill Lynch client balances grow 8.4% year-over-year to surpass $3 trillion in the second quarter.
Nominations open for InvestmentNews Women to Watch awards
Come together with your peers to celebrate the women making a difference in our industry.
Earnings wrap: BoA earnings exceed expectations
The wealth management division's a ray of light for Morgan Stanley.
Morgan Stanley reports $78M in severance to axed wealth management employees
It's not clear what type of employees were laid off, but one industry executive says big firms are rethinking the hiring of administrative assistants.
Charles Schwab results are in — and they’re down
'Significant near-term headwinds' hit the giant financial company in the bottom line.
Millionaire tax evaders be warned, the IRS says it’s coming for you
Internal Revenue Service says it is only just at the start of cracking down on those who try to hide their income or refuse to pay the taxes they owe.
LPL Financial welcomes $235 million advisor Laura Evans from Edward Jones
Georgia-based Laura Evans marks the move with the launch of a new independent financial practice.
Global bond ETF AUM passes $2 trillion milestone, doubling in just 4 years
Exponential growth has propelled and transformed the market says BlackRock.
Young people far more likely to invest in ETFs than over 55s, says Invesco
Survey of retail investors also reveals why some private investors do not hold ETFs in their portfolios.
Bond rally continues as traders eye end of rate hikes
Global traders are anticipating an end to interest rate rises by the Fed and European central banks as inflation eases.
Investors tell BofA poll that soft landing is expected
The Wall St. firm's latest global survey also reveals that being long big tech is the most overcrowded trade.
Morgan Stanley deepens strategic alliance with MUFG
The two firms will integrate some operations and some employees will move firms as the partners shore up operations for the long term.
Gensler says AI holds promise, peril for financial advice
The SEC chair calls AI 'the most transformative technology of our time,' but emphasizes the agency's focus on fraud.
Clarence Thomas, Taylor Swift and that gift your client was nice enough to send
Finra's rules on gifts exist as a line in the sand between right and wrong, but advisors should know what is appropriate to give or receive.
BlackRock bringing proxy-voting choice to retail investors in its largest ETF
More than three million shareholder accounts in BlackRock's iShares Core S&P 500 ETF will be able to vote.
