FA News

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Biden Details Student Loan 'Plan B' As He Woos Young Voters

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The proposal must withstand expected lawsuits that could stretch into next year.

State Street Sees Half-Point Fed Rate Cut As Soon As June

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The $3.6 trillion asset manager thinks the Fed will front-run monetary easing ahead of the presidential election.

Six Ex-Merrill Advisors Launch $550M Alabama RIA Fairvoy

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The former Merrill teams had managed about $1.4 billion and the new firm will use Dynasty for transition to independence.

Advisors Seek More Certifications To Attract Wealthier Clients, IWI Says

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Investment and Wealth Institute is seeing growth in some of its newer certification programs.

Biden To Unveil New Student Debt Forgiveness Plan

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The plan would provide relief to as many as 30 million borrowers, the White House says.

Americans' Pet Obsession Is Fueling Rally For A Cat Litter Stock

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Pet ownership has risen steadily since the mid-1990s, with the Covid-19 pandemic spurring more adoptions.

Ivy League College Costs Soar To More Than $90,000 A Year

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Families paying full price for an Ivy League school could face a bill of more than $350,000 for four years.

Doctors Making $350,000 Are Struggling To Find Long Island Homes

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Long Island's North Fork is at the extreme end of New York's housing crisis.

Blackstone $10 Billion Deal Is Latest Bet Property Near Lows

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Blackstone agreed to acquire the Apartment Income REIT at a 25% premium to its share price.

Wall Street Searches For AI Winners Across Emerging Markets

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AI investors are pointing toward emerging markets for better value and a bigger pool of options.

Bond Traders See 4.5% Yields As Next Test As Focus Shifts To CPI

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The Treasury market has struggled to find a bottom this year as the economy has defied gloomy forecasts.

Dimon Likens AI's Transformational Potential To The Steam Engine

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JPMorgan's CEO says AI could “augment virtually every job.”

Hedge-Fund Headhunter Says Top Talent Wants More Than Money

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Multistrategy funds marked larger gains in the first quarter than a year earlier.

Wealthy Investors Favor Advisors At Big Brand Firms, Cerulli Says

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These types of clients also prefer working with teams of professionals, the firm said in a new report.

Dallas Fed Prez Says 'Much Too Soon' To Think About Cutting Rates

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“There's no urgency right now,” Dallas Fed President Lorie Logan said.

AQR Posts Double-Digit Quarterly Gains On Stock Picks And Trends

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The firm's Managed Futures Full Volatility Strategy returned 17.4% in the first quarter.

El-Erian Sees Two Fed Rate Cuts This Year Despite Strong Data

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The Fed is likely to look past signs of economic resilience and start easing its monetary policy, the economist said.

You Can't 'Legislate Good Behavior': What Advisors Really Think About The DOL Rule

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Few in the advisory industry view the fiduciary proposal as a cure-all.

Jobs Roar Again As Payrolls Jump 303,000, Unemployment Drops

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The unemployment rate fell to 3.8%, while participation rose.

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