FA News

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Pot Stocks Surge On Report DEA Set To Reclassify Marijuana

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Such a move could eliminate some taxes in the cannabis industry.

A Drought Of Treasury Bills Risks Muddying End Of Fed's Balance-Sheet Tightening

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Traders are wary that the dwindling amount of notes available could fall far short of demand.

Rogoff Says Markets Will Thwart Any Political Pressure On Fed

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Market reactions would throw a "cold bucket of water" on any president who tries to manipulate the Fed, he said.

LPL Snags $860M Dallas Team From Lincoln Financial

by FA Staff

LPL's recruitment of Dallas-based Strategic Wealth comes ahead of Lincoln's purchase by Osaic.

Beacon Pointe's Growth Recipe Has No Room For 'Jerks'

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The RIA consolidator has taken a steady, careful approach to its mergers and acquisitions.

Wall Street's 'Macro Agnostic' Tech Trade Shatters ETF Records

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Big tech companies are being viewed by investors as shares that can withstand anything the economy throws at them.

Focus Financial Taps Michael Nathanson As CEO

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Nathanson will also continue his role as CEO of The Colony Group.

Bitcoin Faces Worst Month Since FTX Crash With ETF Demand Cooling

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The 11 U.S. spot bitcoin ETFs have seen outflows of $182 million this month.

Commodity ETFs Pull In Most Cash Since 2022 On Sticky Inflation

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Commodity bulls argue that strong underlying consumption ultimately means the sector will benefit.

Investors Are Increasingly Interested In A Novel Type Of Weather Insurance

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“Parametric insurance” provides payouts that are triggered by a predetermined parameter.

Labor Costs Rise By Most In Year In Sign Of Wage Pressures

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The index that measures wages and benefits increased 1.2%.

Goldman Sees Momentum Traders Buying Stocks In Every Scenario

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Funds that use systematic strategies to trade futures contracts are exposed to about $106 billion in long positions.

Advisors Need To Rethink Their Diversification Strategies, Morningstar Says

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It's time to look past old reliables like real estate and high-yield bonds, a new Morningstar report says.

Ex-Ameriprise Advisor In Texas Gets 5 Years For Stealing $1.2M From Clients

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Dusty Sternadel tricked her mostly elderly clients into cutting checks that she deposited into her personal accounts.

Retirement Optimism Is Returning To The Workforce, EBRI Says

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After retirement confidence fell off a cliff in 2022, rising wages may be boosting spirits, researchers said.

Fidelity: Inflation May Be Down, But It's Not Out

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The firm's lead inflation analyst thinks 3% inflation could linger long term.

In-Demand Workers Are Staying Put As Labor Market Cools

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The slowing churn may be good news for the Federal Reserve.

States Are Eyeing A New Tax On The Wealthy Who Move Away

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The "exit tax" would be slapped on wealthy taxpayers who move to another state.

Hedge Funds Step Up Purchases Of Tech Stocks, Goldman Sachs Says

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Hedge funds were net buyers of the sector for a fourth straight week.

Stocks Trade For 390 Minutes A Day. Increasingly, Only 10 Matter

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About a third of all S&P 500 stock trades are now executed in the final 10 minutes of the session.

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