FA News

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A Doomsday Recession Mentality Is Keeping The S&P 500 Strong

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Companies are shoring up their bottom line, cutting costs and stockpiling cash.

Stubborn Inflation Poses Risk To Upgraded U.S. Economic Growth Forecasts

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So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum...

Advisors Urged To Look At 18-Month Investment Horizon

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The Macro Institute advocates for a long-term investment outlook that focuses on worldwide trends.

Hong Kong And China Stocks Are On A Tear. Should You Invest?

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A tech-fueled rally is luring investors back to the world's second-largest economy. But will it last?

Goldman Strategists Say Loss-Making U.S. Companies Face Rates Risk

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The majority of unprofitable growth stocks are tech-related, the firm says.

NYSE President Sees More Companies Pursuing Public Offerings

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About 25 companies on the exchange have had IPOs this year, she said.

DOL's Fiduciary Rule Vulnerable To Court Rejection, Law Firm Says

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The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.

AITi Global Buys Midwest Family Office With $3B AUM

by FA Staff

The acquisition of management-owned Envoi of Minneapolis is expected to close in the third quarter.

Inheritances Be Damned: Clients Want To Spend While They Still Can, Advisors Say

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In the wake of the pandemic, more clients are seizing the moment and putting their money to use before they die.

Brainard Vows Corporate Tax Hike With Trump Cuts Set To Expire

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The Biden administration wants to preserve tax breaks that were given to the middle class, he said.

Advisors Say Move Gingerly With Suddenly Wealthy Clients

by Ben Mattlin

The psychological adjustment to receiving a lot of money can take years, they say.

Jim Simons, Code Breaker Who Mastered Investing, Dies At 86

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His technique for predicting price changes was so successful that he became known as the Quant King.

RBC Hires Ex-Truist Team In Nashville With $730M In Client Assets

by FA Staff

The Glaser Group of Nashville, Tenn., is led by Louis Glaser with his two sons as vice presidents.

Advocate For Women Advisors Says Gender Diversity Is Improving

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Crewe Advisors is working to increase female representation in the industry.

Severe Solar Storm Threatens Power Grids And Navigation Systems

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The last time Earth was hit by a G5 storm was October 2003.

Beverly Hills 90210 Mansions Lose Fire Coverage As Insurers Flee

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It's part of a nationwide trend driven by climate change.

BofA Says Investor Appetite For Longer-Dated US Bonds Is Surging

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A gauge of investors' desire to extend duration in their portfolios has climbed to the highest in a year.

Ackman Scolded Over DEI Views At Closed-Door Milken Session

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Most who spoke argued that his message threatens to undercut diversity programs across America.

Hedge Funds Draw Pension Money To Riskiest Corner Of A $1.3 Trillion Credit Market

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Pension plans and insurers have been piling into funds that invest in equity tranches of collateralized loan obligations.

68% Of Retirees Fear Outliving Their Savings, Schroders Survey Says

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The top cause of concern was inflation, especially healthcare costs.

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