FA News

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JPMorgan Sees U.S. Equities Extending Global Dominance In 2025

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The S&P 500 has climbed 26% in 2024, making numerous record highs.

In Hot Credit Market, Simple Fixed-Maturity Funds Are Booming

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The straightforward pitch of these funds has become irresistible at a time when other income sources are vanishing.

ChatGPT Becomes Tool To Find Black Friday Deals

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American consumers are looking for ways to ease the burdens of buying presents at reasonable prices.

GDP Grows At Solid 2.8% Pace, Helped By Consumer Spending

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The economy's primary growth engine, consumer spending, advanced 3.5%, which is the most this year.

Trading Titan Don Wilson Says It's Time To Get Rid Of SEC

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The debate over securities industry regulation has heated up since Donald Trump's presidential election victory.

Private Equity-Backed U.S. IPOs Set To Surge In Market Revival

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As stocks hit record highs and the macroeconomic environment improves, IPO prospects have brightened.

Goolsbee Says It Makes Sense To Slow Cuts As Fed Nears Neutral

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The president of the Federal Reserve Bank of Chicago has been one of the central bank's more outspoken doves.

LPL Affiliate Good Life Draws 5 Advisors From Cetera With $280M In AUM

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The advisors come from three different firms and will share an office near Pittsburgh.

Summit Financial Takes Stake In 3 RIAs With $420M In AUM

by FA Staff

The firm took minority stakes in RIA firms in New Jersey, North Carolina and Wisconsin.

Trump To Name Hassett National Economic Council Chief

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Kevin Hassett previously served as a senior advisor to Trump and vigorously defended his tax policies.

Fixed-Income In A Falling (Or Is It Rising?) Rate Environment

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A Schwab fixed-income strategist pivots his advice based on recent economic, market and political developments.

U.S. New-Home Sales Slump To Two-Year Low After Storms In South

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New single-family home sales decreased 17% last month.

BlackRock Cites Infrastructure, AI Among Top 2025 Trends

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The 2024 election will hasten some trends already underway, the firm says.

Renowned WAMCO Bond Fund Manager Ken Leech Charged With $600M Fraud

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Regulators and the DOJ said Leech directed profitable trades to favored clients over three years.

Young Workers Feel Most Retirement-Ready, Study Says

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But it may be a false sense of security, said the CEO of the Barnum Financial Group.

U.S. Home-Price Growth Slows With Market Swinging In Buyers' Favor

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Home-price gains in the U.S. slowed in September.

Morgan Stanley To Sell NYC Park Avenue Office Condo To SL Green

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SL Green is in contract to purchase the office portion of 500 Park Ave for roughly $130 million.

Biden Proposes Medicare, Medicaid Coverage Of Obesity Drugs

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The rule could expand access for millions of Americans with obesity and create a huge new medical bill.

'Ultrashort' Bitcoin ETF Draws Record Inflows As Rally Stalls

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This fund aims to deliver twice the inverse daily performance of the token.

Schwab Execs Look To Expand Lending To Ultra-Affluent

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At IMPACT 2024, they said things like crypto and more lending to the wealthy were part of its RIA clients' future.

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