FA News

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Big Tech Is Driving The S&P Rally. The Rest Have To Step Up Soon

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The profits of large tech companies are expected to slow dramatically.

Traders Are Bracing For Volatility On Fed-CPI Double Blow

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The Fed may hint at how much it may cut interest rates this year.

Homeownership Costs In The U.S. Jumped 26% Since Pandemic Began

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Home maintenance accounted for the largest share of ownership costs in Bankrate's findings.

Catastrophe Bond Sales Soar As Markets Brace For Unusually Active Hurricane Season

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Cat bonds can leave investors with huge losses if disasters happen and huge gains if they don't.

Great 'Bear Market' In Diversification Haunts Wall Street Pros

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Money managers who have stuck a diversification strategy are on a long losing streak.

Cresset Acquires 130-Year-Old Multifamily Office, Brings Assets To $52B

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The Connable Office of Kalamazoo, Mich., adds $1.6 billion to Cresset's total assets under management.

Lottery Winners' Foundation Awarded $7.3M Over B-D's Annuity Sales

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A Finra arbitration panel agreed with the foundation's claim that a deceased rep put its money in unsuitable products.

Public, Private Combination Is Key To Real Estate, J.P. Morgan Says

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A new report says public and private real estate have key differences and complement each other.

U.S. Presidential Race Risks Already Priced Into Market, Jenny Johnson Says

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The Franklin Templeton CEO and a BNY Mellon manager said world events are now the biggest unknowns facing investors.

Former Merrill Advisor Arrested For Allegedly Stealing $2.7M From Clients

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Jared Dean Eakes of Jacksonville, Fla., pleaded not guilty to federal charges that he scammed his clients in 2019 and 2020.

El-Erian Says Strong Jobs Data Closes Door On July Fed Rate Cut

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The economist expects the Federal Open Market Committee will only signal one rate cut for this year.

Corporate America Is Weaponizing Trade Secrets Lawsuits In Talent Wars

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Jilted firms are fighting back in court when stars are poached by rivals.

Why High Schoolers In The Northeast Are Flocking South For College

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Students from the Northeast are looking South for cheaper tuition, big-time sports and less politically charged campuses.

Ex-Merrill Advisors Launch $1B Advisor Firm In California

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Alteri Wealth's founders say they will offer family office services to ultra-wealthy clients.

Trump Tax Cut Renewal Is Winning Wall Street, But Could Cost $4.6 Trillion

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The nation's debt load and interest costs would create a heavier burden this time around, analysts say.

TD Sues Wealth Advisor Who Left During Money-Laundering Review

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The bank is being probed over allegations that it failed to stop money laundering at several of its U.S. branches.

Fund Beating 99% Of Peers Bets On Troubled Businesses, AI Flops

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Positions in the likes of Rolls-Royce Holdings have paid off handsomely.

Wealthy Families Fuel $20 Billion Private Equity Buyout Wave

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Wealthy clans have co-invested in nearly $20 billion of listed company takeovers this year.

Payrolls And Wages Pick Up, Pushing Back Bets For Fed Cuts

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The job market has largely defied expectations in the past two years.

MassMutual Adds CAIS Alternatives Platform For Reps

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The insurer made the platform's offerings available to its B-D affiliate, MML Investors Services.

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