FA News

Wells Fargo CEO Abruptly Steps Down, Succumbing To Its Scandals

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Wells Fargo & Co. CEO Tim Sloan gave in to critics and abruptly stepped down Thursday.

Former NBA Player Troy Murphy Launches Wealth Management Firm

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Sweven Wealth will focus on helping athletes and sudden wealth recipients manage their money.

Baby Boomers Control Most Of U.S. Wealth, Report Says

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But Gen Xers and millennials are starting to catch up as they enter their prime wealth accumulation years.

Moderate Democrats Look For Middle Ground On SALT Deduction Cap

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Two Democrats want to raise the cap on the amount of state and local taxes people can deduct.

Schwab Switching To Subscription-Based Fee In Netflix-Like Move

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Charles Schwab is switching to a subscription-based financial planning option to its digital advisory service.

U.S. Fourth-Quarter Growth Pace Revised Down To 2.2% From 2.6%

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U.S. economic growth cooled, signaling mounting challenges to the expansion.

Bond-Mad Investors Ignore Stock Market's Best Quarter Since 2012

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The stock market’s best quarterly surge since 2012 has largely been ignored by ETF buyers.

Frontier Markets Sector May Be Poised For Rebound

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Those markets too small to be called "emerging" may be able to reward investors this year, a report says.

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.