FA News

Second-Biggest Crypto Coin Loses Mojo As Apps Move Elsewhere

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Almost four years after Ethereum's debut, the network running the Ether cryptocurrency is losing market share.

Do Consumers Really Understand The Difference Between Brokers And Advisors?

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A new House bill would send the SEC back to the drawing board with its advice rule and demand better consumer testing.

JPMorgan, Nomura Job Cuts Add To Wave Of Pullbacks In Finance

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Automation and technology are replacing thousands of workers at banks and asset managers around the world.

Pimco, BlackRock Make Contrarian Bet That Was A Loser Before

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Some fund giants are betting on TIPS as the threat of inflation looms.

GOP Tax Overhaul Helped N.Y. Democrat Gillibrand Enjoy Tax Cut

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Democrat Kirsten Gillibrand was helped by the GOP's near-elimination of the alternative minimum tax.

Democrats Love A Wealth Tax, But Europeans Are Ditching The Idea

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An annual tax on household wealth is an idea with deep roots in Europe.

JPMorgan Said To Cut Hundreds Of Jobs In Asset, Wealth Unit

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The bank is dismissing hundreds of workers in its asset and wealth-management division after a review.

Video Game ETFs Have Potential For Serious Returns

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Despite a recent industry slump caused by the free video game Fortnite, the pieces are in place for continued growth.

Texas Couple Advise Artists On The Art Of Finance

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This couple went from the performing arts to financial advice.

Fifty Women Say Salesforce Helped Traffickers Exploit Them

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They alleged the company knowingly supported a web portal used for human sex trafficking.

29% Of U.S. Pre-Retirees Have No Pension Or Retirement Savings Plan, GAO Says

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Nearly half of pre-retirees don't have a 401(k) or IRA, the report said.

Trump's Fed Pick Moore Owes $75,000 To IRS, Court Document Says

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Stephen Moore's wife alleged it was tied to a deduction mistake involving past alimony and child-support payments.

They Want To Buy Stocks But People In Poll Don't Have The Guts

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Traders in a Schwab survey say it's a great time to buy. But most of them have been sitting on cash.

Active Mutual Fund Outperformance Rarely Lasts, Study Says

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It's hard to find money managers who outperform their benchmarks beyond three years, according to S&P data.

Bond Fund Besting 91% Of Peers Sees Dollar Gloom Ahead After Fed

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This manager doesn't see the curve inversion signaling a recession.

SCOTUS Buttresses SEC's Power, Rules Against Investment Banker

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The ruling halts a trend of Supreme Court rulings that had trimmed the SEC’s authority.

Long-Duration Bond ETF Sees Record Outflows Even As Fund Rallies

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The $9.9 billion iShares 20+ Year Treasury Bond ETF is on pace for its worst month of outflows.

Bets On Fed Show More Than One 2019 Cut Possible As Bonds Rally

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The 10-year Treasury yield has slipped to its lowest level since December 2017.

At $50,000 A Year, The Road To Yale Starts At Age 5

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That's how much rich New Yorkers are paying to have their children groomed to win admission to Ivy League schools.

Driving Into Lower Manhattan May Soon Require Entry Fee

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Charging a congestion fee for drivers entering Manhattan below 61st Street is an idea that's gaining momentum.