FA News

UBS's Rich Clients To Feel Negative Rates Pain As Fees Extended

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Continued negative interest rate policy in Europe is leading UBS to charge its clients for cash allocations.

Capital One Hack Poised To Boost 'White Hat' Crowdsourcing

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Virtuous "white hat" hackers may be in demand after a Capital One breach exposed millions of Americans' information.

Sometimes It Pays To Be The World's Least Popular Stock Market

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The Stoxx 600 is outperforming similar U.S. indexes as the trade war with China escalates.

In Trump-Xi Fight, Both Leaders Make Big Bets That May Backfire

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Depending on the respective leaders' decisions, the trade war may be neither "good" nor "easy."

Individual Life Insurance Combination Products Dip 2% In 2018

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LIMRA says universal life combination products continue to dominate with two-thirds of the premium market share in 2018.

An Older Advisor Does Something Unusual: He Creates A Succession Plan

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Bucking an industry trend, advisor Gary Schwartz has made plans to pass his firm on to his two sons.

Twitter, Facebook Sink As Shootings Raise Specter Of Regulation

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The companies have been facing increasing scrutiny over how they police the content users post online.

Bitcoin Morphs Into Unlikely Sanctuary As Market Turmoil Rises

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Risk assets across the world slumped after President Donald Trump threatened to impose a 10% tariff on Chinese imports.

Fed Plans Real-Time Payments System To Compete With Wall Street

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The FedNow Service is set to begin operating by 2023 or 2024.

Yield Curve Blares Loudest U.S. Recession Warning Since 2007

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Many investors expect the slide in 10-year yields to continue given the risks of Trump's trade war.

N.Y. Broker Sentenced To 13 Years In Prison For Ponzi Scheme

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The broker's daughter was also charged with conspiring with her father to steal from clients.

What Apocalypse? Retail Worker Pay Hits 15-Year High

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U.S. paychecks surged as Walmart, Target and blue states implemented minimum wage hikes.

Firearms Stocks Rise As Mass Shootings Renew Gun-Control Demands

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Investors are betting consumers may step up purchases to get ahead of potential regulatory changes.

Madoff Victims Get Another $469 Million

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The 25,000 victims of the largest Ponzi scheme in history will have recovered nearly 67% of their losses, authorities said.

Buffett Backs Off Stock Rally As His Cash Pile Hits Record

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With stocks at record highs, Berkshire Hathaway Inc. sold $1 billion more worth of stocks than it bought last quarter.

'Mansion Tax' Could Sting Your Wealthy Clients

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In some states, the tax applies to expensive homes that aren't really mansions.

Commodities Sag As Top Buyer Suddenly Has Lighter Wallet

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Commodities have suffered during U.S. President Donald Trump’s trade war on China.

Bitcoin Jumps Above $11,000 As Cryptos Climb Amid Market Turmoil

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Bitcoin historically has had low correlation with most asset classes, it has lately moved inversely to Asian stocks.

Amazon Is Squeezing Sellers That Offer Better Prices On Walmart

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Antitrust experts say the Amazon policy is likely to attract scrutiny from Congress and the Federal Trade Commission.

China Retaliation Is `11' On Scale Of 1 To 10, Wall Street Warns

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Analysts are spreading the alarm about a possible escalation in the U.S./China trade war.