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Gold slips as China keeps buying on hold for second month
INDUSTRY NEWS JUL 08, 2024
Gold slips as China keeps buying on hold for second month

Further easing could be ahead as traders digest data.

By Bloomberg
Paramount to merge with Skydance Media in complex deal
INDUSTRY NEWS JUL 08, 2024
Paramount to merge with Skydance Media in complex deal

CBS, MTV owner to get fresh capital injection.

By Bloomberg
Friendly tax climates give top NHL teams a recruiting edge
INDUSTRY NEWS JUL 05, 2024
Friendly tax climates give top NHL teams a recruiting edge

For many past champions, the absence of a state income tax is a valuable bargaining chip when it comes to luring free agents.

By Leo Almazora
Rare downgrade for Nvidia as analyst airs valuation concerns
INDUSTRY NEWS JUL 05, 2024
Rare downgrade for Nvidia as analyst airs valuation concerns

After the breathless rally since last year, the stock has no room left to run, he argues.

By Bloomberg
RBC dinged over excess mutual fund charges
REGULATION AND LEGISLATION JUL 05, 2024
RBC dinged over excess mutual fund charges

A blind spot in the firm’s oversight system resulted in almost $265k in unnecessary charges and fees across 1,450 accounts, according to Finra.

By Leo Almazora
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes
INDUSTRY NEWS JUL 05, 2024
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes

Jobs report shows greater-than-expected cooldown in labor market during the second quarter.

By Bloomberg
What RIAs need to think about before partnering up
RIAS JUL 05, 2024
What RIAs need to think about before partnering up

"You're literally marrying another entity that you may not have married from the beginning," says CEO of Procyon Partners.

By Gregg Greenberg
Wealth management on the brink of an "exciting" era
RIAS JUL 05, 2024
Wealth management on the brink of an "exciting" era

CEO of LVW Advisors unpacks how the upcoming wealth transfer among women and fintech will play a huge role in the industry's future.

By Josh Welsh
Schroders Capital pilots tokenized insurance-linked securities investments
INDUSTRY NEWS JUL 05, 2024
Schroders Capital pilots tokenized insurance-linked securities investments

Private markets business teamed up with a global reinsurer for the proof of concept.

By Steve Randall
Global equities reach record high ahead of US jobs data
INDUSTRY NEWS JUL 05, 2024
Global equities reach record high ahead of US jobs data

Stats are expected to show an easing labor market.

By Bloomberg
Bitcoin at lowest since February, despite gains for stocks
INDUSTRY NEWS JUL 05, 2024
Bitcoin at lowest since February, despite gains for stocks

Cryptocurrency declines for fourth consecutive day.

By Bloomberg
Gold heads for weekly gain as traders eye Fed cuts
INDUSTRY NEWS JUL 05, 2024
Gold heads for weekly gain as traders eye Fed cuts

Expectation is rising that interest rate reduction is ahead.

By Bloomberg
Election result puts UK assets back in favor
INDUSTRY NEWS JUL 05, 2024
Election result puts UK assets back in favor

By Bloomberg
Helping your clients understand survivors benefits 
JUL 04, 2024
Helping your clients understand survivors benefits 

Survivors’ benefits can be a touchy but necessary subject that must be discussed with your clients. Get familiar with survivors’ benefits here

By Ramon Berenguer
Fed officials see price pressures easing, but still cautious on rate cuts
INDUSTRY NEWS JUL 03, 2024
Fed officials see price pressures easing, but still cautious on rate cuts

Minutes from June policy meeting reveal central bank officials’ concerns around persistent inflation and slowing economic growth.

By Leo Almazora
BlackRock's Preqin deal prompts lower outlook at Moody's
ALTERNATIVES JUL 03, 2024
BlackRock's Preqin deal prompts lower outlook at Moody's

The ratings company is voicing concerns over the asset management giant's increased debt and leverage ratios.

By Bloomberg
GE sued over $1.7 billion pension risk transfer
LIFE INSURANCE AND ANNUITIES JUL 03, 2024
GE sued over $1.7 billion pension risk transfer

The company is the latest targeted over annuity deals with Athene Annuity and Life Co.

By Emile Hallez
Blackstone REIT keeps up with demand to buy back shares
ALTERNATIVES JUL 03, 2024
Blackstone REIT keeps up with demand to buy back shares

May was a particularly tough month for nontraded REITs.

By Bruce Kelly
Merrill Lynch to reimburse customers $1.5 million over avoidable fees
REGULATION AND LEGISLATION JUL 03, 2024
Merrill Lynch to reimburse customers $1.5 million over avoidable fees

Finra finds registered representatives at the wirehouse giant made unsuitable recommendations to over 1,300 clients across more than 2,000 accounts.

By Leo Almazora
JPMorgan's Kolanovic set to depart after string of bad stock calls
EQUITIES JUL 03, 2024
JPMorgan's Kolanovic set to depart after string of bad stock calls

Internal memo reveals planned leadership shakeup at the banking giant as its chief market strategist is "exploring other opportunities."

By Bloomberg