FA News

Schwab's Advised Retirement Accounts Average $448K In Q2

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Accounts of participants who worked with advisors were nearly double the size of non-advised accounts.

Why The Mighty SPY ETF Leads The League In Outflows

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SPY recently has seen billions in outflows, while its two largest S&P 500 rivals are tops in inflows.

Germany Regrets Size Of Bond That Pays Nothing As Auction Flops

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The nation failed to meet a 2-billion-euro target ($2.2 billion) for the auction of notes maturing in 2050.

U.S. Budget Gap Set To Top $1 Trillion In 2020, Two Years Sooner Than Expected

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It would be the first time the deficit exceeded the $1 trillion mark since 2012.

Goldman Plans Hiring Spree In Trading (Only Coders Need Apply)

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Rapid advancements in technology have fundamentally altered the way that business gets done.

Fidelity Says Number Of 401(k) Millionaires Hits Record High

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Investors have accumulated a record number of IRA accounts with $1 million or more, the company reported.

Why Couples Will Weather A Recession In Greater Financial Comfort

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People in a relationship, men and baby boomers express the most confidence about their finances, Personal Capital said.

France Sees No-Deal Brexit As Likeliest Scenario

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France is getting ready to impose controls on the EU's border with the U.K., a French official said.

The One Job In Banking The Robots Can't Take

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Banks and tech companies need to overcome a number of obstacles for AI to succeed in tackling money laundering.

Goldman Sachs Expects Fed To Cut Twice More

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The central bank is placing great weight on bond-market pricing in its decisions, the firm said.

Muni-Bond Buyers Are Desperate. Risky Borrowers Are Cashing In

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The Federal Reserve’s decision to lower benchmark borrowing costs is keeping the U.S. awash in cheap credit.

Former Broker Charged In South Florida Alternative Investment Scheme

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The SEC said Scott P. Strochak and the firm he represented cheated 17 retail investors out of nearly $3.8 million.

Japan’s $1.5 Trillion Manager Warns Of Global Investing Losses

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Stocks, bonds and currencies all lost money for Japan's Government Pension Investment Fund.

Bluespring Wealth Makes Ohio RIA Its First Acquisition

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Hickory Asset Management joins Bluespring Wealth with $153 million AUM.

Payroll Tax Cut Could Boost Economy, But Not Trump’s Re-Election

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While a payroll tax cut could juice the economy, chances are good that voters wouldn't notice it.

AdvisorNet Financial Appoints President As Cetera Financial Group Grows

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Cetera Financial Group also announced substantial growth this year.

Facebook's Libra Currency Gets European Union Antitrust Scrutiny

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The EU joins American institutions' skepticism over Facebook's Libra digital token.

CEOs Spurn Investor-First Model. Now Critics Ask ‘What's Next?’

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Should public companies focus on serving shareholders or work to become better corporate citizens?

Rates Traders Ripe For Disappointment, Live From Jackson Hole

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The market expects - and may demand - significant additional rate cuts, but the Fed may disagree.

JPMorgan’s Kolanovic Sees Pivot Back To Stocks By End Of August

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Since many fixed portfolios will have to rotate back into stocks, equity market volatility should fall.