News

Displaying 42973 results
Bessent, congressional Republicans kickstarting tax cut talks
TAX FEB 24, 2025
Bessent, congressional Republicans kickstarting tax cut talks

House legislators are set to approve a mammoth budget that requires $2 trillion in spending cuts to clear room for a tax cut package by the end of the year.

By Bloomberg
LPL keeps spending big to recruit, attract advisors
BROKER DEALERS FEB 24, 2025
LPL keeps spending big to recruit, attract advisors

The company last week reported a 57 percent increase in loans made to advisors in 2024.

By Bruce Kelly
Allspring to shut down alternative equity strategies
MUTUAL FUNDS FEB 24, 2025
Allspring to shut down alternative equity strategies

Fund managers like Allspring Global Investments for years have been facing competitive pressure from low fee exchange-traded funds and indexed mutual funds.

By Bruce Kelly
Microsoft, Alibaba rocked as investors weigh their AI investments
EQUITIES FEB 24, 2025
Microsoft, Alibaba rocked as investors weigh their AI investments

The US tech behemoth signals a strategic pivot with cancelled data center contracts while the Chinese tech giant's shares plunged on news of its $52 billion spending pledge.

By Leo Almazora
One in two voters worried about retirement and finances, finds BlackRock
RETIREMENT PLANNING FEB 24, 2025
One in two voters worried about retirement and finances, finds BlackRock

One-third of poll respondents report no retirement savings and expect to need $2 million on average, highlighting bipartisan importance of financial security.

By Leo Almazora
JPMorgan leans into direct lending with fresh $50B commitment
ALTERNATIVES FEB 24, 2025
JPMorgan leans into direct lending with fresh $50B commitment

The Wall Street giant's enhanced effort to support "origination machine" underlines banks' growing incursion into the $1.6 trillion territory traditionally controlled by asset managers and credit shops.

By Bloomberg
Robinhood says SEC has dropped investigation, declares bigger crypto ambitions
ALTERNATIVES FEB 24, 2025
Robinhood says SEC has dropped investigation, declares bigger crypto ambitions

With looser regulations in the offing, the digital trading platform is looking forward to expanding its trading business further beyond traditional brokerage services.

By Leo Almazora
Is the US economy getting better or worse? That depends on who you ask
INDUSTRY NEWS FEB 24, 2025
Is the US economy getting better or worse? That depends on who you ask

Uncertainty on trade, inflation are among concerning factors.

By Steve Randall
Warren Buffett reveals tax milestone, addresses $334B cash stockpile
EQUITIES FEB 24, 2025
Warren Buffett reveals tax milestone, addresses $334B cash stockpile

Billionaire's letter to investors follows positive earnings report.

By Steve Randall
Wall Street strategists say US equities pullback won't last long
INDUSTRY NEWS FEB 24, 2025
Wall Street strategists say US equities pullback won't last long

Morgan Stanley, JPMorgan experts predict a rebound for S&P500.

By Bloomberg
Why options traders are cautious about Nvidia earnings this week
INDUSTRY NEWS FEB 24, 2025
Why options traders are cautious about Nvidia earnings this week

Chipmaker's results come Wednesday and may spark volatility.

By Bloomberg
CFPB could become stronger than ever, DOGE critics suggest
INDUSTRY NEWS FEB 24, 2025
CFPB could become stronger than ever, DOGE critics suggest

Some believe courts could save the regulator from Musk cuts.

By Bloomberg
Too soon to call inflation outlook, says Fed's Goolsbee
INDUSTRY NEWS FEB 24, 2025
Too soon to call inflation outlook, says Fed's Goolsbee

One month of data is not enough to suggest upward pressure ahead.

By Bloomberg
Baby boomers not rushing to create wealth transfer plans
RIAS FEB 23, 2025
Baby boomers not rushing to create wealth transfer plans

They have been expected to soon be passing trillions of dollars to their heirs. But financial advisors say they are in no rush to do so.

By Gregg Greenberg
From empty rooms to enduring legacy: How Bruce Vaughn built his advisory
INDUSTRY NEWS FEB 21, 2025
From empty rooms to enduring legacy: How Bruce Vaughn built his advisory

“You don’t want to be working with someone who retires right before you need them most”—how VLP Financial Advisors reshaped growth and succession

By Manal Ali
Crypto sent reeling by world’s biggest ever heist
INDUSTRY NEWS FEB 21, 2025
Crypto sent reeling by world’s biggest ever heist

Cryptocurrency exchange scrambles for emergency loan after suspected North Korean hack

By Matthew Sellers
Making volatility your friend: Embracing clarity in uncertain markets
OPINION FEB 21, 2025
Making volatility your friend: Embracing clarity in uncertain markets

When turbulence and market shocks shake clients' confidence, advisors can offer much-needed perspective and strengthen their relationships.

By Mark Pearson
Healthcare shocks could cost retirees dearly, warns study
RETIREMENT PLANNING FEB 21, 2025
Healthcare shocks could cost retirees dearly, warns study

Data analysis reveals how long-term care and medical shocks impact Medicaid enrolment, household wealth, and out-of-pocket medical expenses among retirees.

By Leo Almazora
Trump Media takes finance ambitions further with investment fund
MUTUAL FUNDS FEB 21, 2025
Trump Media takes finance ambitions further with investment fund

The parent company of Truth Social said it will look for companies set to benefit from the "growing America First Economy."

By Bloomberg
Government efficiency effort set to hit more than 6,000 jobs at IRS
TAX FEB 21, 2025
Government efficiency effort set to hit more than 6,000 jobs at IRS

The plan to downsize the federal tax agency's workforce will largely impact Biden-era hires, according to an inside source.

By Leo Almazora