FA News

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U.S. Consumers Got A $600 Billion Boost From Locked-In Mortgages

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Mortgages at low costs provided U.S. consumers with an extra $600 billion in spending cash since 2022.

Merrill Unveils Tax-Loss Harvesting Reports

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The system will generate client reports on how much was saved through the tax management strategy.

Bitcoin Flirts With $65,000 On Powell Pivot, Streak Of ETF Flows

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The cryptocurrency advanced 7.4% last week, the sharpest increase for such a period since mid-July.

Next-Gen ETFs Buck Vanguard Effect With Fees Near Decade Highs

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As demand grows for new strategies, ETFs are getting more expensive.

Gold Bulls Delight In Jackson Hole As Powell Juices Price Rally

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Gold's record-setting rally above $2,500 an ounce looks to have further to run.

Is The Third Time The Charm For Harris And A 45% Capital Gains Tax?

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Kamala Harris is expected to carry on the Biden administration's push for a higher capital gains levy.

Powell Says ‘Time Has Come' For Fed To Cut Interest Rates

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The Fed chair confirmed the Fed is on the cusp of a key turning point in its two-year battle against inflation.

Economists See Faster Labor Cooling, Steeper Fed Cuts In Survey

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Economists also see more moderate payroll growth than they did a month ago.

El-Erian Says Market Is Pricing In Too Many Fed Rate Cuts

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The Fed can be expected to ease borrowing costs by 75 basis points by the end of the year, he said.

Easier AP Exams Offer College Students A Path To $30,000 Savings

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The tests give high school students a chance to cut college tuition bills by thousands of dollars.

Vegas Workers Who Live Off Tips Doubt Reality Of Tax-Free Pitches

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Lawmakers from both parties have promised to end taxes on tips, but workers are skeptical.

Big Tech Dominance Is Forcing Index Superpowers To Rethink Rules

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The exploding values of Big Tech stocks are conflicting with regulatory limits on index weightings.

‘It's Just Atrocious': Jobs Data Snafu Stirs Fury On Wall Street

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A botched government release of jobs data sowed chaos across stock and bond markets.

Private Credit Loses Ground In Fight For Family Office Money

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Family office allocations to private debt remain at roughly 2%.

U.S. High-Grade Bond Sellers Eye $125 Billion In September Deals

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The week following the Labor Day holiday is usually one of the busiest of the year.

RBC Recruits Morgan Stanley Team With $693M In Ohio

by FA Staff

The Paradigm Group, a nine-member team in Cincinnati, is the fourth location in Ohio for RBC.

AQR Attracts $350 Million For Fund Pitching Long-Short ESG Bets

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The fund is designed to short stocks that AQR judges have poor environmental, social and governance profiles.

Three New Cash Sweep Suits Hit Ameriprise And LPL

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Customers unhappy with the rate of return on cash sweep accounts continue to turn up the legal heat.

U.S. Mortgage Rates Drop To A 2024 Low As Buyers Await Fed Cuts

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The average for a 30-year, fixed loan was 6.46%, down from 6.49% last week.

Quantitative Tightening Goes Global For The First Time, In Test For Markets

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Central bankers are withdrawing the liquidity they pumped into their economies during the pandemic.

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