FA News

2018 A Year To Forget For Active Investors

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For investors in large growth funds, it may even be a lost decade, says Morningstar.

BB&T To Buy SunTrust In Biggest Bank Merger In A Decade

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It's the world's largest bank merger in more than a decade.

Ocasio-Cortez Unveils Green New Deal To Reset Climate Policy

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She released a sweeping package of controversial environmental measures Thursday.

Once-Bankrupt Detroit Takes Step Toward Shedding Junk-Bond Grade

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The upgrade, while small, is the latest signal of the turnaround afoot for Michigan’s largest city.

KKR Wants Raises For Workers As Busted Retail Chain Shuts Stores

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KKR faced harsh criticism last year after Toys “R” Us creditors decided to shut the chain, leaving about 33,000 employees without severance.

Self-Driving Dream Team Gets $530 Million From T. Rowe, Sequoia, Amazon

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Aurora’s three co-founders are legendary among roboticists and engineers who are leading the charge to make self-driving cars a reality.

Fidelity Debuts Its First Model Portfolios That Employ ETFs

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The two new offerings aim to generate cash via both mutual funds and ETFs.

RIA Breaks Into Georgia’s Booming Film Industry

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A Brightworth wealth advisor has a growing client base in the film industry.

JPMorgan Says Boost Your Risk Positions. And Unwind Those Hedges

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The bank’s global strategists continue to favor equities relative to bonds.

Democrats Target Wall Street With Financial Trade Tax Proposal

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Financial transaction taxes typically place a levy of a fraction of a percent on the price of a securities trade.

Dementia, Pain Biggest Client Fears About Dying, Survey Says

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But the Merrill Lynch survey found clients may not be as reluctant to talk about death as advisors think.

Hunt For Yield Is Hot Again As ETF Investors Ax Short-Term Debt

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Investors are dumping short-term bond ETFs for greater yield, equities.

Global Market Tumble Hurt U.S. Investors The Most, Study Says

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Investors in the U.S. suffered the most due to losses in both domestic and global equities, the study said.

Trump Nominates Global Reformer Malpass To Lead World Bank

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David Malpass has portrayed the World Bank as too big and inefficient.

Multiemployer Retirement Plans Touted In House Hearing

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A key House committee chair supports a proposal to allow small companies to band together to provide 401(k) plans.

Citadel, Point72 Said To Rise As Multistrategy Funds Gain

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Citadel rose 3.6 percent in its Wellington hedge fund and Point72 jumped about 3 percent.

Former Virginia RIA Sentenced To 13 Years For $6.6M Ponzi Scheme

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Edward Moody Jr. stole from many elderly clients, and even a church.

Cetera Retirement Platform Expands To Include HSAs

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About 30 percent of U.S. employees now have an HSA plan.

Student Loan Relief Or Paid Vacation? These Workers Get A Choice

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The new perk is a creative twist on an increasingly popular benefit.

Men Get Ready To Spend Big Bucks On Valentine's Day

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Men are getting ready to open their wallets and spend five times what women will on them.