FA News

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Bitcoin ATMs Flood Black, Latino Areas, Charging Fees Up To 22%

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Bitcoin Depot charges some of the highest fees in the industry while touting financial inclusion.

Wildfires Are Upending Some Of The Safest Bets On Wall Street

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Companies that are being blamed for sparking blazes are seeing their assets drop.

Beyond The Ivies: Surprise Winners Among Colleges With The Highest ROI

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Some people may have never of these colleges, but they're some of the biggest bargains in higher education.

Advisors Need To Be Careful When Using Fintech Vendors, Exec Says

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Outsourcing technology solutions requires a high level of due diligence, says Ncontracts CEO Michael Berman.

Advisors Have 'Vast' Opportunity To Work With Couples, Ameriprise Says

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A company survey found that couples with an advisor were more honest with each other about finances.

SEC's Market Surveillance Tool Called Unconstitutional In Texas Lawsuit

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The suit accuses the agency of "dystopian surveillance" of U.S. trading activity.

Powell Signals Rate-Cut Delay After Run Of Inflation Surprises

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Federal Reserve Chair Jerome Powell pointed to the lack of additional progress made on inflation.

Cathie Wood's ARKK Hits Five-Month Low As Tesla Fuels Losing Run

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The decline extends a disappointing run for the $6.7 billion Ark Innovation ETF.

Should Wealthy Clients Use Home Equity To Reduce Taxes?

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Such strategies can sometimes carry a high price tag, advisors say.

IMF Lifts Growth Forecast For Global Economy, Warns Of Risks

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Global economic activity will expand 3.2% this year, the financial institution said.

Longtime LPL Exec Joins TIFIN As President, Chief Revenue Officer

by FA Staff

Rob Pettman will oversee growth strategies at the Boulder, Colo.-based technology incubator.

El-Erian Says World ‘Frozen' By Strong Dollar, High U.S. Rates

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The economist said that the likelihood of the Fed hiking interest rates is low, but not zero.

Morgan Stanley Downplays Regulator Queries Into Wealth Management Clients

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The inquiries focus on a wealth management arm that has swelled into Morgan Stanley's biggest business.

BlackRock's President Says Stocks Are Primed For A Comeback

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Almost $9 trillion sitting in money market funds is set to be a “very big force” in the equity market, he said.

Gold Seen Hitting $3,000 At Citi As Investor Inflows Juice Rally

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Inflows into gold-backed ETFs will “buffer the path to $3,000,” the bank's analysts wrote.

Wall Street Strategists Say Stocks Pullback Risks Forced Selling

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There are $52 billion of long positions on the S&P 500 and 88% of them are in a loss.

What If Fed Rate Hikes Are Actually Sparking U.S. Economic Boom?

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By some key gauges, the expansion is as strong or even stronger than it was when the Fed began lifting rates.

State Street Stands By Contrarian Bet Fed Will Cut Rates In June

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The firm is betting on a half-point cut in June and 150 basis points of easing by the end of the year.

Brokerage, Annuities Industries Make Last-Ditch Effort To Delay DOL Fiduciary Rule

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The groups, arguing the proposal has been rushed, asked government officials to get more public input.

The Lowest Pay U.S. Workers Will Accept For A New Job Soars

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The increase was most pronounced for men, younger workers and higher-income workers.

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