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Airlines Slash Prices To Convince Americans To Vacation Closer To Home

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Travelers are hungry for international trips, forcing domestic-focused carriers to discount prices.

CFP Board Releases Resource Guide On Financial Psychology

by FA Staff

The guide is a companion piece to board's The Psychology of Financial Planning guide.

Worried Investors Leaving Money On Sidelines, Allianz Survey Finds

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The top reason given for keeping assets in cash was the possibility of a recession.

Shrinking Minority Of Americans Able To Cover $400 Surprise Bill

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Just over one-third of survey respondents said they'd need to borrow money to pay off such a bill.

Ackman Says He's Short 30-Year Treasurys As Supply Ramps Up

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Long-term debt looks “overbought” from a supply and demand perspective, he said.

Apple's Goldman Sachs-Backed Savings Account Tops $10 Billion In Deposits

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The savings account is built into the Wallet app on iPhones.

Warren Buffett Is Buying Treasurys Regardless Of Downgrade By Fitch

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“There are some things people shouldn't worry about,” Buffett said. “This is one.”

A Sudden Jump In Volatility Spells Trouble For Stocks

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This week's surprise spike could cause some market forces behind this year's rally to switch direction.

Year Of The Bond Dashed As Treasurys Set For Worst Week Of 2023

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The yield on 30-year securities has climbed almost 25 basis points over the past three sessions.

Advisors Say Clients Have Unrealistic View Of Retirement

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An Edward Jones survey found that advisors don't see clients appreciating the risks they may face in retirement.

JPMorgan's Trading Desk Says Record S&P 500 'Feels Inevitable'

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The index ended July at about 200 points below its record of 4,796.56 reached in January 2022.

Mercer Advisors Buys California Firm With $720M AUM

by FA Staff

San Diego-based Private Asset Management provides multigenerational wealth services to more than 600 clients.

The Average Workday Just Got Half An Hour Shorter

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Time spent at work has fallen to 10 hours from more than 10½ at the end of the second quarter of 2022.

Morgan Stanley Team Managing $650M AUM Switches To LPL

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The advisor trio have nearly 100 years of combined experience in the financial services industry.

Ratings Firms Struggle With Climate Risk In $133 Trillion Market

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Global warming is poised to increase borrowing costs for cities, countries and companies as record heat waves emerge worldwide.

Chaos Looms As $1.5 Trillion Student-Loan Pause Abruptly Ends

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If the Education Department was a bank, it would rank fifth by size of assets in the U.S.

Hedge Funds 'Throwing In Towel' On Stocks As Rally Forces Unwind

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The market rally has been painful to hedge fund investors that entered the year with bearish equity wagers.

Wall Street Economists Are Looking At A September Rate Pause

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Economists expect further tame inflation readings before the Fed's September meeting.

Strategists Scramble To Catch Up As S&P 500 Rally Rumbles On

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US equities have soared this year as investors looked past the earnings recession.

A 5% Mortgage Rate Is Seen As Tipping Point To Unlock Supply

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A Zillow survey indicated that was the rate that would get the most sellers to enter the market.

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