FA News

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Bond Market Has Worst Week In Months With Less Fed Action Seen

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An orderly selloff in the U.S. government bond market continued for a fifth straight day.

Trump Vows To Eliminate 'Inconvenient' Daylight Saving Time

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The president-elect called the semiannual time changes costly and wants to abolish them.

Fee War Kicks Off For One Of Wall Street's Hottest ETF Trades

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Single-stock ETFs have been one of Wall Street's hottest trades this year thanks to eye-popping returns.

House Names Committee Chairs Who Will Control SECURE 3.0

by FA Staff

Republican Reps. Tim Walberg and French Hill also both supported overturning the DOL's fiduciary rule.

Schwab Raises Its Revenue Growth Guidance As Sweep Cash Is Flat

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Schwab now expects revenue to increase 3% to 3.5%, up from its previous forecast.

GMO Expands Burgeoning ETF Lineup

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The firm has launched three funds focusing on quality and value.

Barred Broker Agrees To Pay $2.1M Over Alleged Fraud, Reg BI Violations

by FA Staff

The SEC said Christopher Booth Kennedy excessively traded client accounts and lied about his trading strategy.

World's Biggest Solo Stock-Picker Is Having Best Year Since 1991

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So far in 2024, Will Danoff's Fidelity Contrafund has returned 41%.

Blackstone's Wealth Boss Targets $1 Trillion in Assets

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In five years, the alt manager's wealth unit has increased the amount of money it oversees by almost five-fold.

Trump's Tax Cuts May Fail To Drive Much, If Any, Economic Boost

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A fiscal watchdog group warns that extending 2017's tax cuts could do almost nothing to grow the economy.

Macquarie Asset Management Sees Rate Cut Pause In 2025

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The firm sees inflation causing central banks to pause cuts in the latter half of next year.

Investing In 2025 Will Offer Plenty Of Opportunity, Contrasts, Capital Group's CIO Predicts

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And fixed-income manager Pramod Atluri sees a year of fiscal dominance and an end to the coordinated global economy.

Bank Of America Strategists Bullish On 2025 Economy, Equities

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They foresee continued economic growth, more interest rate cuts and a resurgent small-cap sector.

S&P 500's Record Rally Shows Cracks As Most Stocks Left Out

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A top-heavy market is nothing new, but after a 27% rally this year, valuations look stretched.

San Antonio Advisor And Local Radio Guru Arrested

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The FBI and IRS say Brooklynn Chandler Willy gave false information. An indictment claims she took client funds.

Rockefeller Wades Further Into High-Yield Munis With New Fund

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The new offering comes after the company hired a trio of former Invesco portfolio managers.

Trump Advisors Consider Raising SALT Write-Off Limit To $20,000

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The president-elect vowed to revive the SALT deduction during the campaign.

Atkins Poised To Overhaul SEC Enforcement, Former Agency Official Says

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Trump's nominee to head the agency laid out many of his plans in a paper he wrote 16 years ago, the former SEC official said.

Hightower Makes Strategic Investment In $800M AUM Denver RIA

by FA Staff

Dechtman Wealth Management is led by founder Jordan Dechtman and his two sons.

Another Osaic Team Leaves To Join LPL Platform

by FA Staff

Prestige Wealth Group, which manages $540 million in assets, has offices in New Jersey and Maryland.

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