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IMF Lifts Growth Forecast For Global Economy, Warns Of Risks

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Global economic activity will expand 3.2% this year, the financial institution said.

Longtime LPL Exec Joins TIFIN As President, Chief Revenue Officer

by FA Staff

Rob Pettman will oversee growth strategies at the Boulder, Colo.-based technology incubator.

El-Erian Says World ‘Frozen' By Strong Dollar, High U.S. Rates

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The economist said that the likelihood of the Fed hiking interest rates is low, but not zero.

Morgan Stanley Downplays Regulator Queries Into Wealth Management Clients

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The inquiries focus on a wealth management arm that has swelled into Morgan Stanley's biggest business.

BlackRock's President Says Stocks Are Primed For A Comeback

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Almost $9 trillion sitting in money market funds is set to be a “very big force” in the equity market, he said.

Gold Seen Hitting $3,000 At Citi As Investor Inflows Juice Rally

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Inflows into gold-backed ETFs will “buffer the path to $3,000,” the bank's analysts wrote.

State Street Stands By Contrarian Bet Fed Will Cut Rates In June

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The firm is betting on a half-point cut in June and 150 basis points of easing by the end of the year.

Wall Street Strategists Say Stocks Pullback Risks Forced Selling

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There are $52 billion of long positions on the S&P 500 and 88% of them are in a loss.

Brokerage, Annuities Industries Make Last-Ditch Effort To Delay DOL Fiduciary Rule

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The groups, arguing the proposal has been rushed, asked government officials to get more public input.

Fed Hiking Rates To 6.5% Is ‘Real Risk' For UBS Strategists

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UBS strategists see a growing possibility that inflation fails to decline to the Fed's target.

The Lowest Pay U.S. Workers Will Accept For A New Job Soars

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The increase was most pronounced for men, younger workers and higher-income workers.

IAA Wants Low-Risk Advisors Excluded From Money Laundering Proposal

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The Treasury Department has proposed a rule requiring all SEC advisors to have anti-money-laundering programs.

Beaten-Up Build America Bonds Are Worth A Look, Barclays Says

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Strategists say deals can be found in certain types of Build America Bonds.

The World Is Still On Fire

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World leaders must show they can fulfill their promises about mitigating the climate crisis.

Candidates Seeking CFP Certificate Reaches Record Level

by FA Staff

The CFP Board said a record number of candidates took its March exam.

Women Entrepreneurs Can Make The World $6 Trillion Richer

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Lenders need to redesign their practices to give more consideration to small borrowers, especially women.

Using Life Insurance To Address Anticipated Rise In Estate Taxes

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Life insurance can be useful for dealing with expiring TCJA provisions, advisors say.

Risk-Addicted Wall Street Funds Are Shaken As Bad News Piles Up

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Nervous money managers are sitting on some of their highest exposures to stocks and credit in a decade.

Schwab Revenue Tops Estimates Even As Net New Assets Decline

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The Westlake, Texas-based firm reported $4.74 billion in net revenue for the three months though March.

Treasurys Fall As Traders Focus Again On Inflation Risks

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Many bond investors have been caught wrong-footed this year over inflation.

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