FA News

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Producer Prices Surprise With Biggest Decline Since October

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The producer price index for final demand decreased 0.2% from a month earlier.

Bond Market Splits From Fed Again By Betting On 2024 Rate Cuts

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Policymakers kept rates steady and dialed back their forecasts to just one quarter-point rate cut this year.

Fidelity Adds New Features To Platform With Envestnet's Help

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The firms want to integrate the tech offerings they've built and cut down on the multiple portals.

JPMorgan To Wager On Weight-Loss Boom With $500 Million Fund

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The new class of weight-loss drugs has exploded in popularity in recent months.

Private Lenders Storm Public Bond Markets At Record-Setting Pace

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The buying spree comes as the leveraged buyouts that are often financed by private credit have been drying up.

SEC Says New York Man Defrauded Haitian-Americans Out Of $1.65M

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Marc Henry Menard allegedly lured investors with promised returns of 10% to 20% a month.

JPMorgan Asset Management Sees Stocks Powering On In Second Half

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The firm expects "healthy earnings growth" as the Fed ends its money-tightening campaign.

Rate-Cut Hopes Trigger Rally For Ditched Real Estate Stocks

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Real estate stocks are still the S&P 500's only losers this year.

Clients Might Want To 'Use Not Lose' Expiring Estate Tax Exemptions

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Wealthy clients might want to take basic exclusions on estate and gift taxes before they're cut in half.

Raymond James Adds Former Wells Fargo Advisor In Michigan With $200 Million

by FA Staff

Michael Dempsey joined Raymond James & Associates, the firm's employee advisor channel.

A Family Trust Accuses Its Unregistered Pa. Advisor Of Stealing More Than $5M

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A late professor's family says Thomas Pipich used money for himself and to prop up other investments

Planning For Retirement Income Gets Easier, Thanks To Tech

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A panel at INSITE 2024 delved into the tools and strategies for unwinding retirees' assets.

Gundlach Says The Next Recession Will Be A 'Very Ugly Experience'

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The last decade is not going to be a helpful guide for the future, he said.

401(k) Matches On Student Loan Payments Gain Foothold In Corporate America

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Employees need more student loan help. That can give employers a leg up in recruitment.

U.S. Inflation Broadly Cools In Encouraging Sign For Fed Officials

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The news came just hours before the Fed was to make an announcement on interest rates.

Hedge Funds Ride The Momentum-Trade Wave To Net Gains Everywhere

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Their bets on trends in Japanese stocks, AI darlings and cocoa have paid off.

Americans' Worries About Interest Rates And Inflation Have Hit New Highs

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Half the respondents to a survey said interest rates are among their top three financial concerns.

BlackRock Scouts For Insurance Partnerships In Private-Debt Push

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Private debt has been a hot topic in the insurance industry of late.

N.Y. Trading Platform Fined $250K For 'Exaggerated' Social Media Claims

by FA Staff

TradeZero America used social media influencers to make inaccurate claims about its services, Finra said.

$1.9B Merrill Lynch Advisor Exits To Launch Firm With Summit

by FA Staff

SRM Private Wealth operates in Pasadena, Calif.

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