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The Inflationary Cycle Is Far From Over, Dan Fuss Warns

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The veteran bond fund manager said politicians can't "inflate" their way out of the federal debt.

Health-Insurer Stocks Drop As UnitedHealth Warns Of Rising Medical Costs

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Health insurance companies are highly sensitive to fluctuations in medical costs.

Schwab Sees Second-Quarter Revenue Declining As Much As 11%

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Executives maintain that the firm's higher-cost borrowing is temporary.

NYC's Rent Surge Defied By New Grads Pursuing A TikTok Lifestyle

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Renters today need to earn more than $135,000 to afford a typical apartment in New York on their own.

Google Charged By EU With Abusing Its Ad Tech Dominance

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“Google is present at almost all levels of the so-called ad tech supply chain,” an EU competition commissioner said.

Cathie Wood Funds Buy Shares Of Meta For First Time Since 2021

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Tech stocks have skyrocketed this year, with the Nasdaq-100 advancing 35%.

Biggest Losers Of AI Boom Are Knowledge Workers, McKinsey Says

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Business activity ranging from sales and marketing to customer operations are set to become more embedded in software.

Ken Griffin Ramps Up Credit Bets, Anticipating U.S. Recession

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The billionaire investor said the U.S. is unlikely to avoid a recession in 2024.

SEC Launches Senior Fraud Prevention TV Ad

by FA Staff

It's part of a push by the agency to educate senior citizens on how to protect their money.

Binance US Hires Former SEC Enforcement Co-Director As It Fights Charges

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George Canellos joins the crypto platform as it fights SEC allegations that it is operating an illegal securities exchange.

Investors Grow Optimistic Despite Persistent Inflation, J.D. Power Says

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The report shows that Gen Z and millennial investors have higher levels of confidence.

Citigroup Warns Bond Traders Are Misreading Inflation Ahead Of CPI

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CPI has been trending lower after peaking above 9% year-over-year last June.

Rockefeller Adds Boston-Based Trio That Managed $1.5B

by FA Staff

Giorgetti Wealth Partners is helmed by Matthew Giorgetti and includes Eric Vanderpool and Ryan Quinn.

Raymond James Adds Advisor With $240M In AUM To South Florida

by FA Staff

Juan Militello joined the employee advisor channel after a dozen years at Morgan Stanley.

JPMorgan To Pay $290 Million To Settle Epstein Victims Suit

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The bank made no admission of liability in connection with the settlement.

Fed Backs Away From Wages Focus, Bolstering Case For Rate Pause

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New research and commentary from officials and economists suggest the link between wages and prices may not be so direct.

Debt-Ceiling Debates Will Continue To Hound Taxpayers, Advisors Say

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The nation's debt means the possibility always exists for tax increases.

'Decade Of Emerging Markets' May Be About To Regain Traction

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Benchmark share indexes are expected to rise in most emerging markets by year-end.

Hedge Fund Bond Bears Are Relentlessly Shorting Treasurys

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Whether the Federal Reserve will raise interest rates again still up for debate.

UBS Culls Credit Suisse's Top Leaders After Historic Deal Closes

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Only a fifth of the 160 leadership positions in the combined bank are coming from Credit Suisse.

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