FA News

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Larry Fink Is Making A New Generation Of Billionaires Richer Than Him

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BlackRock's HPS purchase will make three founders billionaires.

U.S. College Closures Are Expected To Soar, Fed Research Says

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A birthrate decline during the Great Recession has caused the number of prospective college students to fall.

Fed's Daly Says December Aside, Rates Should Continue Falling

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The San Francisco Fed president said the central bank has to "keep policy moving down to accommodate the economy.”

The Best And Worst Places For Expats To Live Right Now

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This year your best bet may be somewhere in western Europe, a new report says.

BlackRock Buys Credit Firm HPS In $12 Billion All-Stock Deal

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The deal caps a year of CEO Larry Fink's efforts to transform BlackRock into a formidable player in private assets.

Don't Make Year-End IRA Contributions, Ed Slott Says. Roths Are Better

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Roth accounts lead to a one-year tax hit but are better savings vehicles for the long run, the retirement planning guru said.

Billionaire Tesla Whale Is Reducing Bet That Made Him Rich

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“No longer all-in on Tesla,” the billionaire posted Saturday on X.

Revenge Of The Trader Bros: Speculative Bets Boom In Trump's America

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The crypto industry spent $135 million in the 2024 election cycle and saw most of their picks win.

Biggest Hedge Funds Reaped Gains On Trump Trade In November

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Trump's election win caused Treasury bonds to tumble while it pushed up stocks, the dollar and bitcoin.

Wall Street Short Sellers Throwing In The Towel, Citigroup Says

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Appetite for US equities has shown no sign of abating this year.

U.S. Seeks To End Subminimum Wage For Workers With Disabilities

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The law allowing the lower pay has been denounced by advocates as a form of legalized discrimination.

Bitcoin's Quest For $100,000 Runs Into Wall Of Resistance

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As bitcoin's price plateaus, interest is rising in other digital assets.

JPMorgan Traders' Math Places S&P 500 Near 6,300 By Month's End

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Wall Street strategists are generally optimistic about the outlook through the rest of the year.

Fidelity Fund Boosts Value Of Elon Musk's X Social Network

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Fidelity's Blue Chip Growth Fund boosted its stake in X by more than 32%.

How To Address The Fears Of Clients Both Young And Old

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A consultant tells advisors that every generation has its own list of worries.

RJ Recruits $200M AUM Father-Son Team From Wells Fargo

by FA Staff

The duo will operate Grobbel Wealth Management Group of Raymond James in Bloomfield Hills, Mich.

Notorious Credit Suisse Bonds Sped Up Ken Leech's Alleged Fraud

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Investors in a risky pool of Credit Suisse bonds got crushed when the notes were deemed worthless by regulators.

Inflation Is Up. Is It Time For TIPS?

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Some advisors say TIPS portfolio allocations are always good for long-term planning.

Bitcoin, Ether ETFs Log Record Inflows On Trump's Embrace Of Crypto

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Donald Trump has vowed to scrap Biden's digital-asset clampdown and appoint friendly regulators.

Establishment's Takeover Of Bitcoin Creates A New List Of Risks

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Governments and large institutions are taking over larger and larger swathes of available bitcoin.

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