FA News

Wealthy Black Executives Get Political To Help Combat Inequality

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Black executives are striving to convert their financial influence into political power.

Uber Raises Prices in New York City, Citing New Minimum Wage Law

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The cost of getting around in New York will rise again, this time thanks to a new minimum wage.

Amazon, Walmart Reel As India Curbs Plunge Market Into Chaos

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A new Indian e-commerce regulation may constrain the growth of Walmart and Amazon in that country.

KKR, Blackstone, Apollo Hauled In $71 Billion Amid Tough Market

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Private fund giants reported large fundraising successes even as markets took a bite out of profits.

Yes, There Is A Bitcoin Fund You Can Invest In Now

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The Grayscale Bitcoin Trust has been trading since 2015.

IAA Wants Active Funds In Portable Retirement Account Proposal

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The investment advisor firm association is worried that a legislative proposal will allow for only index funds.

Trump Considering Herman Cain For Federal Reserve Board

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Cain could be a controversial nominee due to sexual harassment allegations that ended his presidential campaign.

Amazon Says It Won't Use Opportunity Zone Tax Break In Queens

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Long Island City, where Amazon is planning the offices, was designated by the state last year to become an opportunity zone.

Endowments Struggle To Boost Returns As Student Aid Rises

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The average fund gained 5.8 percent over a decade, falling short of the 7.2 percent that schools targeted.

Bernie Sanders Proposes Estate Tax Of Up To 77% For Billionaires

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The legislation would raise up to $2.2 trillion in estate taxes from the families of all 588 billionaires in the U.S.

Where Some Of The World's Top Hedge Funds Will Invest In 2019

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Market turbulence has helped several old macro hands profit after posting losses or sub-par gains.

Big Business Plans All-Out Blitz On Washington To End Trade War

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Farmers, business owners and executives plan to descend on Capitol Hill.

Fed's Dovish Pivot Flattens Remaining Rate-Hike Expectations

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Goldman Sachs sees just a 25 percent chance of the 2.25 percent rate being lifted in the second quarter.

How An RIA Reached $2 Billion In AUA In 16 Months

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Magnus Financial Group said its mission hasn't changed after increasing its client assets sixfold.

Stock Bulls Cheer As Fed Capitulation To Markets Reaches Climax

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A stock-market spring-loaded for earnings season is now pushing toward its biggest January rally in three decades.

Dimon On Tax-Hike Proposals: The Rich 'Can Afford To Pay More'

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Billionaire CEO Jamie Dimon is OK with tax hikes on the rich, as long as the revenue is used to do the most good.

Fed Adopts 'Patient' Rate Stance With Balance-Sheet Flexibility

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The Federal Reserve said it will be “patient” on any future interest-rate moves.

BofA Expands Free Trading In Stocks, ETFs For Rewards Customers

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Bank of America Corp. is expanding a perk for its loyalty-program members: free trades.

Financial Advisors Still Lack Succession Plans

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A Franklin Templeton study finds that RIAs are not prepared when it comes to handing over the reins of their business.