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"Mac" McQuown, father of the original index fund, passes away
NEWS INDUSTRY NEWS OCT 23, 2024
"Mac" McQuown, father of the original index fund, passes away

In memoriam: Industry mourns the pioneering engineer-turned-banker who kickstarted the $12T passive revolution.

Treasury slide reaches third day as Fed rate cut bets fade
INVESTING FIXED INCOME OCT 23, 2024
Treasury slide reaches third day as Fed rate cut bets fade

Speculation of a potential Trump win in pivotal November 5 presidential election, and subsequent inflation risks, is helping to push up yields.

JPMorgan sues ex-advisor over alleged client poaching
NEWS INDUSTRY NEWS OCT 22, 2024
JPMorgan sues ex-advisor over alleged client poaching

The defector to Wells Fargo's attempts to solicit former clients worth more than $250M violate his post-employment agreement with the Wall Street giant, lawsuit argues.

Leaning into world's riskiest bonds a loser's game, warns Pimco
INVESTING EMERGING MARKETS OCT 22, 2024
Leaning into world's riskiest bonds a loser's game, warns Pimco

The leading fixed income asset manager advises investors to fight the "temptation" to run into crowded high-yielding emerging markets.

Trump's tariffs and tax agenda poses risk for Social Security benefits, warns watchdog
RETIREMENT RETIREMENT PLANNING OCT 21, 2024
Trump's tariffs and tax agenda poses risk for Social Security benefits, warns watchdog

An analysis by the Committee for a Responsible Federal Budget suggests the former president's second-term agenda would lead to a 33% cut by 2035.

"Close your eyes and buy big US stocks," says Carson Block
INVESTING EQUITIES OCT 21, 2024
"Close your eyes and buy big US stocks," says Carson Block

The famed short seller acknowledged investors may do well to bet on S&P 500 heavyweights amid weeks-long streak of gains.

DOJ questions Western Asset clients as Ken Leech probe heats up
INVESTING FIXED INCOME OCT 18, 2024
DOJ questions Western Asset clients as Ken Leech probe heats up

Fidelity, Russell Investments and other firms have received information requests relating to cherry-picking allegations, sources say.

Strong earnings season propels bank stocks beyond 2023 levels
INVESTING EQUITIES OCT 18, 2024
Strong earnings season propels bank stocks beyond 2023 levels

A revival in capital markets, the start of Fed rate cutting, and other catalysts are driving a positive inflection in the sector.

Pair-trade ETF strategies raise questions on risk
INVESTING EQUITIES OCT 18, 2024
Pair-trade ETF strategies raise questions on risk

One manager's filing for strategies bundling long and short bets extends debate on where the ETF innovation machine is headed.

Alleged hacker behind fake SEC Bitcoin ETF post arrested
INVESTING ETFS OCT 17, 2024
Alleged hacker behind fake SEC Bitcoin ETF post arrested

Alabama resident charged over January hijacking of the Securities and Exchange Commission's X account before historic decision on spot bitcoin ETFs.