FA News

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30-Year Mortgage Rate Slides To Lowest Since February 2023

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Weeks of declining mortgage rates are helping move more prospective buyers off the sidelines.

Schwab Strategists Expect Quarter-Point Fed Rate Cut This Month

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They also see the central bank more aggressively reducing rates next year.

Goldman's Kostin Urges Putting Brake On Stock-Index Reshufflings

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Plans are underway among several providers to tweak index methodologies to limit the influence of megastocks.

BofA Private Wealth Duo With $700M AUM Joins LPL In N.Y.

by FA Staff

BrookBridge Private Wealth in Long Island, N.Y., is affiliated with LPL Private Wealth Management.

Fired Raymond James Advisor Ordered To Repay $2M In Loans, Bonuses

by FA Staff

A Finra panel concluded that Robert Franden breached the terms of a loan and bonus agreement he signed when hired.

Real Household Income Increases For First Time In Four Years

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But median incomes remain $600 below where they were four years earlier.

Apollo Moves To Start A Private Credit ETF With State Street

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Big banks are making moves to open up private credit to retail investors.

State Street, Galaxy Launch Crypto-Linked ETFs Even As Outflows Build

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The launches come as investors shed assets in single-crypto ETFs.

Advisors Failing To Woo Young Inheritors, Survey Says

by FA Staff

Advisors are focused on older clients, even as they transfer their assets to a younger generation, an InspereX survey found.

Edgy Traders Brace For Potentially 'Pivotal' Trump-Harris Debate

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There are signs that market unrest is mounting as the debate approaches.

Goldman Sachs Strategists Say Stocks Unlikely To Sink Into Bear Market

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Declines of over 20% in the S&P 500 Index have become less frequent since the 1990s, the firm's analysts say.

JPMorgan Sees Money-Market Fund Assets Rising Despite Fed Cuts

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Money fund assets have steadily surged this past year.

Edward Jones Adds Advisors, Partners With U.S. Bank

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The bank will offer Edward Jones more offerings for saving and borrowing money, the broker=dealer said.

'Ghost Jobs' And Shrinking Consultant Salaries Spell Trouble For Other Workers

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Ebbing demand for traditional consulting services has prompted job cuts and slower hiring.

Consumer Borrowing Rises $25.5 Billion, Most Since Late 2022

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The increase in borrowing helped fuel a big jump in retail sales.

If Elected, Harris Might Let SALT Cap Expire, Cetera Exec Says

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Congressional Democratic leaders have been trying to eliminate or increase the cap since 2017.

BofA Sees Utility Stocks Outperforming As Volatility Climbs, Interest Rates Fall

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The S&P 500 Utilities index is now the top performer of 11 market sectors in 2024.

Morgan Stanley's Wilson Says Yen Carry Risk Lingers For Stocks

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The strategist said that an initial Fed cut of more than 25 basis points could support the yen.

Biden Aides Working On Proposal For U.S. Sovereign Wealth Fund

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Countering U.S. adversaries' grip on critical materials and emerging technology is a key motivator of the project.

The Bond Market Rally Rides On How Fast the Fed Cuts Rates

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investors have divergent views on how quickly the Fed will lower rates.

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