FA News

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Powell Says Fed Needs More Data Before Cutting Rates

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The Fed chairman said more evidence is needed that inflation is nearing the central bank's 2% target.

CFA Level II Pass Rate Spikes To 59%, The Highest Since 1998

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The CFA Institute said it's seeing more people enroll in the program while they're in college.

JPMorgan's Kelly Says Only A Bear-Market 'Shock' Can Upend Tech

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Big Tech should continue dominating the market even if profits slow, he said.

Wall Street Maps Out What A Trump Win Would Mean For Bonds

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Wall Street strategists are urging clients to position for sticky inflation and higher long-term bond yields.

Bridgewater Launches $2 Billion Fund Run By Machine Learning

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Humans will still be overseeing a number of functions, including risk management, the company said.

Shift Occurring In Housing Market As Mortgage Lock Loosens Up

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A growing share of homes have loans closer to the prevailing rate.

JPMorgan Says Time To Take Profit On Bearish Treasurys Bets

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Yields on five-year notes have climbed more than 20 basis points from a low of about 4.20% just under three weeks ago.

SEC Bars Ariz. Advisor For Allegedly Defrauding Clients

by FA Staff

Scottsdale advisor Jacob C. Glick was banned for 10 years after causing clients to lose $2 million, the agency said.

'Roaring Kitty' Sued Over Alleged GameStop 'Pump And Dump'

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The suit alleges that Keith Gill acquired 120,000 call options in GameStop before he began posting about the company.

Top Fund Managers Say This 'Forgotten' Asset Class Is Poised For A Rebound

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Investors need to take another look at small-caps both domestically and internationally, they say.

401(k) Annuities Still A Hard Sell Despite SECURE Act, Advisors Say

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Advisors report sluggish demand for the guaranteed-income products in retirement plans.

EP Wealth Buys $700M RIA In Dallas

by FA Staff

Sloan Investment Management is the third acquisition this year for Torrance, Calif.-based EP Wealth.

Ex-Moelis Banker Kaye Arrested For Assault In Viral Video Punching Incident

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A viral video posted on X allegedly shows him punching a woman.

Supreme Court's SEC Arbitrator Ruling A 'Good Win' For Advisors, Attorney Says

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The regulator will now have to be more selective in its enforcement actions, attorney Brian Hamburger said.

Ex-Morgan Stanley Father-Daughter Team With $290M Joins LPL

by FA Staff

Jim Zack and Amanda Zack launched the Zack Wealth Group in Washington, D.C.

Weed ETF Waives Fee Ahead Of Biden-Favored Drug Reclassification

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The actively managed Roundhill Cannabis ETF is dropping its expense ratio to zero from 40 basis points.

BlackRock Aims To ‘Index The Private Markets' After Preqin Deal

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Adding the private capital database accelerates BlackRock's push to become a major player in alternative assets.

Elections Will Have Profound Impact On Taxes, Advisors Say

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All elections have tax implications, but the impact of this year's contest may be unprecedented, they say.

Big Names In S&P 500 Overshadow The Risk Of A Volatility Jump

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The concern is that a volatility spike is inevitable should correlations align across the market.

Goldman's Hedge Funds Head Says It's Time To Cut Portfolio Risk

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"The probability of a drawdown is rising,” he said.

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