FA News

Fidelity, Schwab Unseat Vanguard In J.D. Power Self-Directed Investor Study

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Millennials are less loyal, less satisfied with their investment firm than their elders.

Environmental Activist Investors Win Round In War Against Plastics

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As You Sow withdrew a shareholder resolution after Chevron Phillips Chemical Co. agreed to report plastics spills.

Hacker-For-Hire Accused Of Aiding Saudis Is Worrying Wall Street

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The firm helped find drug kingpin El Chapo, but may have helped Saudi Arabia track political dissidents.

iCapital Partners With Nasdaq To Create Marketplace For Private Funds

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The agreement will offer liquidity solutions to advisors and clients with private equity investments.

Money Markets Brace To See If Fed Will Play Repo Whack-A-Mole

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The Fed is debating if and how to regulate the repurchase agreements market to shore up the monetary system.

College Scam Heats Up: 13 Parents To Plead, Possible New Inquiry

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A University of Texas men's tennis coach joins the parents in admitting to the admissions scandal.

Europe Is Sinking The Global Economy While Juicing U.S. Stocks

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Though Europe looks like a global weak spot, U.S. companies doing business on the continent are surging.

Grandparents Spending $179 Billion Annually On Grandkids: AARP

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From tuition assistance to multi-gen vacations, grandparents are a growing financial force.

Investors Should Worry If Climate Goals Are Missed, Mercer Warns

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Significant climate change could lead to losses across several economic sectors, according to Mercer.

IMF Issues Yet Another Warning As U.K.'s Brexit Battle Continues

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A no-deal Brexit could cost the U.K. an additional 1.4 percentage points of growth in the first year alone.

Global X Debuts Genomics ETF

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The fund expands the company’s roster of thematic products.

Annuity Sales On Pace For 5% Growth In 2019

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Indexed annuity sales are leading the way and are projected to increase 38 percent in 2023, LIMRA said.

Trump's Reforms, SALT Deduction Cap Are Bonanza For Tax Wary Investment Advisors

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The 2017 tax cuts have boosted the business of advisors specializing in tax-efficient strategies.

Trump Threats Stir Up Opaque Avocado Market From Mexico To Texas

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Avocado toast - a millennial favorite - may become more expensive as Trump threatens to close the border.

Saudis Emerge From Khashoggi Crisis With $85 Billion Bond Orders

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Bond investors seem willing to ignore the controversial alleged assassination of a Saudi journalist.

Wall Street Plan For Angry Lawmakers: Let Jamie Dimon Take Over

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Are calls for CEOs to testify before Congress grandstanding by representatives eager to "beat up" on banks?

EU-U.S. Trade War Escalates Over Disputed Aviation Subsidies

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Just as trade tensions between the U.S. and China, and North American trading partners, cooled, a new dispute arises.

Banks’ Last Hurrah From Fed Likely Means 2019 Has Already Peaked

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With the Fed signalling patience, the outlook for the banking sector has dimmed for the remainder of the year.

BofA Plans To Raise Minimum Wage To $20 An Hour Over Two Years

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The bank's minimum wage will step up to $17 on May 1, then to $20 by 2021.

IMF Cuts Global Growth Outlook To Lowest Since Financial Crisis

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The IMF also lowered its expectations for U.S. economic growth for the second time this year, but sees no impending recession.