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Trump set to hit foreign steel imports with 25% tariffs
INDUSTRY NEWS FEB 10, 2025
Trump set to hit foreign steel imports with 25% tariffs

Canada, Mexico appear to be included despite pause on other levies.

By Bloomberg
Dollar gains on tariffs as trade fears intensify
INDUSTRY NEWS FEB 10, 2025
Dollar gains on tariffs as trade fears intensify

Strategists see potential inflation impact, more cautious Fed.

By Bloomberg
Bond market experts expect yields to continue higher
FIXED INCOME FEB 10, 2025
Bond market experts expect yields to continue higher

Uncertainty set to keep upward pressure on fixed income investments.

By Bloomberg
Immigration curbs may restrict US growth, says Goldman Sachs
INDUSTRY NEWS FEB 10, 2025
Immigration curbs may restrict US growth, says Goldman Sachs

Economists estimate GDP could lose 30-40 basis points.

By Bloomberg
SEC Says Game Service Roblox Part of ‘Active Investigation’
REGULATION AND LEGISLATION FEB 07, 2025
SEC Says Game Service Roblox Part of ‘Active Investigation’

Short sellers previously said the company was under investigation, though Roblox denied allegations.

By Bloomberg
Musk’s DOGE descends on CFPB with intention to shut it down
REGULATION AND LEGISLATION FEB 07, 2025
Musk’s DOGE descends on CFPB with intention to shut it down

The Consumer Financial Protection Bureau is in the crosshairs of the Republican group that is widely attempting to dismantle government agencies.

By Bloomberg
Advisor fighting Finra banishment loses $17.7 million dispute with old firm
BROKER DEALERS FEB 07, 2025
Advisor fighting Finra banishment loses $17.7 million dispute with old firm

National Securities Corp. sued the advisor in 2020, alleging breach of contract and unjust enrichment.

By Bruce Kelly
Job numbers, inflation leaving room for Fed to hold rates
INDUSTRY NEWS FEB 07, 2025
Job numbers, inflation leaving room for Fed to hold rates

Recent data support a measured pace by the Federal Reserve for the year ahead.

By Bloomberg
Private assets remain hot despite surging stock market
ALTERNATIVES FEB 07, 2025
Private assets remain hot despite surging stock market

Financial advisors are still adding alternatives despite the surge in publicly traded stock prices

By Gregg Greenberg
Farther adds $120M firm with science-backed approach to wealth management
INDUSTRY NEWS FEB 07, 2025
Farther adds $120M firm with science-backed approach to wealth management

The latest addition to the tech-driven firm combines wellness and finances.

By Steve Randall
Cutting back on fun: a third of Americans plan to reduce spending on vices
INDUSTRY NEWS FEB 07, 2025
Cutting back on fun: a third of Americans plan to reduce spending on vices

Your clients are likely to be spending on vices, depending on their generation.

By Steve Randall
Gold continues to shine, but will jobs data change that?
INDUSTRY NEWS FEB 07, 2025
Gold continues to shine, but will jobs data change that?

Traders are awaiting the latest snapshot of US economic strength.

By Bloomberg
Veritas could be about to snap up one of Wall Street’s oldest names
INDUSTRY NEWS FEB 07, 2025
Veritas could be about to snap up one of Wall Street’s oldest names

Private equity firm reportedly in talks to make an acquisition.

By Bloomberg
Trump wants to scrap one of private equities' tax breaks, again
INDUSTRY NEWS FEB 07, 2025
Trump wants to scrap one of private equities' tax breaks, again

Exemption enjoyed by PE and VC firms was under fire in his first term too.

By Bloomberg
CFTC's Pham fires person leading investigation into her
INDUSTRY NEWS FEB 07, 2025
CFTC's Pham fires person leading investigation into her

Sources claim replacement is the commission’s diversity chief.

By Bloomberg
Why financial honesty is key to harmonious relationships
INDUSTRY NEWS FEB 06, 2025
Why financial honesty is key to harmonious relationships

Nearly half of single Americans think their net worth shapes their fate in dating, but the biggest financial green flags tell a different story.

By Leo Almazora
Osaic hit with class action over cash sweep payments
BROKER DEALERS FEB 06, 2025
Osaic hit with class action over cash sweep payments

The hybrid RIA is the latest firm to face allegations that it enriched itself at customers' expense by paying unfairly low interest rates in its cash sweep programs.

By Leo Almazora
LPL's Rich Steinmeier turns the page on CEO firing with eye on firm's growth
BROKER DEALERS FEB 06, 2025
LPL's Rich Steinmeier turns the page on CEO firing with eye on firm's growth

Installed after Dan Arnold's abrupt termination, the new leader at LPL Financial is highlighting the firm's refocusing on the individual advisor.

By Bloomberg
Pershing discussing move to control portion of broker-dealers’ cash.
CUSTODIAN FEB 06, 2025
Pershing discussing move to control portion of broker-dealers’ cash.

The clearing and custody giant is kicking the tires on new cash sweep plan with broker-dealer clients.

By Bruce Kelly
LPL, Raymond James boost advisor ranks anew
BROKER DEALERS FEB 06, 2025
LPL, Raymond James boost advisor ranks anew

LPL Financial welcomes a $345 million investment and planning team from Ameriprise as RayJay's employee advisor arm adds a seasoned Well Fargo breakaway.

By Leo Almazora