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Boomerang kids putting finances at risk for themselves and their parents
INDUSTRY NEWS MAY 06, 2024
Boomerang kids putting finances at risk for themselves and their parents

Report reveals a rise in adult children returning home.

By Steve Randall
Berkshire Hathaway earnings grow to $11B, cash hoard at $189B
INDUSTRY NEWS MAY 06, 2024
Berkshire Hathaway earnings grow to $11B, cash hoard at $189B

Warren Buffett says cash will only be spent on low-risk, high-return deals.

By Bloomberg
Stocks gain ahead of central bank speeches
INDUSTRY NEWS MAY 06, 2024
Stocks gain ahead of central bank speeches

Stocks gain ahead of central bank speeches.

By Bloomberg
Former bulls' EMs outlook sours
INDUSTRY NEWS MAY 06, 2024
Former bulls' EMs outlook sours

Higher-for-longer US rates and geopolitics are among the fears.

By Bloomberg
Hedge fund options bets may predict green equities performance
INDUSTRY NEWS MAY 06, 2024
Hedge fund options bets may predict green equities performance

New academic study found industry predictions outperform.

By Bloomberg
Biden White House wipes student-debt slates clean for art school victims
INDUSTRY NEWS MAY 03, 2024
Biden White House wipes student-debt slates clean for art school victims

The Biden administration has cancelled $6.1B worth of loans for 317,000 Americans who were deceived by the Art Institutes.

By Leo Almazora
DOL’s fiduciary rule faces first legal challenge
RETIREMENT PLANNING MAY 03, 2024
DOL’s fiduciary rule faces first legal challenge

Lawsuit filed in Texas federal court argues that the agency “has exceeded its authority,” acting inconsistently with ERISA’s intent.

By Leo Almazora
Whatever happened to that small-cap rally?
INDUSTRY NEWS MAY 03, 2024
Whatever happened to that small-cap rally?

Despite all the year-end predictions that small-cap stocks would outperform in 2024, the Russell 2000 index continues to trail the S&P 500 by a wide margin.

By Gregg Greenberg
DOL urged to refresh guidance for target-date funds
RETIREMENT PLANNING MAY 03, 2024
DOL urged to refresh guidance for target-date funds

New report argues the guidelines, developed more than a decade ago, must be updated to better reflect current landscape of 401(k) plan options.

By Leo Almazora
Private Advisor Group expands in Tennessee
ADVISOR MOVES MAY 03, 2024
Private Advisor Group expands in Tennessee

The independent RIA bolsters its community in the East Coast as it welcomes former Edward Jones advisor.

By Leo Almazora
BlackRock-backed Willow wants to help advisors catch the wealth transfer wave
PRACTICE MANAGEMENT MAY 03, 2024
BlackRock-backed Willow wants to help advisors catch the wealth transfer wave

With fresh funding, the startup catering to financial advisors is offering new courses geared towards women and NextGen investors.

By Leo Almazora
Fiducient Advisors names new president
INDUSTRY NEWS MAY 03, 2024
Fiducient Advisors names new president

The NFP affiliate firm announces industry veteran in a planned succession as its leader of nearly 20 years steps down.

By Leo Almazora
Bridging the wealth gap: The power of financial education
OPINION MAY 03, 2024
Bridging the wealth gap: The power of financial education

By financially empowering underserved communities, advisors can play a crucial part in tackling inequality.

By Kizmet T. Moore
Mastering patience: The timeless wisdom of 'Don't Fight the Fed'
OPINION MAY 03, 2024
Mastering patience: The timeless wisdom of 'Don't Fight the Fed'

It's easy to ridicule the central bank and predict a policy mistake, but history has taught us that doubting its strategy rarely ends well.

By Kevin Philip
Trump Media stock plunges after SEC auditing bombshell
REGULATION AND LEGISLATION MAY 03, 2024
Trump Media stock plunges after SEC auditing bombshell

The company’s share price slumped after the federal regulator revealed charges of “massive fraud” against its auditing firm, leading to $14M in penalties.

By Leo Almazora
Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back
INDUSTRY NEWS MAY 03, 2024
Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back

CFPB report says fees offset gains, but the ABA says it's inaccurate.

By Steve Randall
Tech stocks gain ahead of US jobs report
INDUSTRY NEWS MAY 03, 2024
Tech stocks gain ahead of US jobs report

Labour market data is due at 8.30am ET.

By Bloomberg
Bond traders now think Fed will move faster
INDUSTRY NEWS MAY 03, 2024
Bond traders now think Fed will move faster

Yields have fallen since the central bank's latest decision.

By Bloomberg
Gold heading for worst weekly loss since February
INDUSTRY NEWS MAY 03, 2024
Gold heading for worst weekly loss since February

Higher-for-longer rates expectation has weakened demand.

By Bloomberg
SVB Financial set to offload VC unit to Pinegrove affiliate
INDUSTRY NEWS MAY 03, 2024
SVB Financial set to offload VC unit to Pinegrove affiliate

Brookfield and Sequoia Capital are backing the buyers.

By Bloomberg