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Tech stocks weigh on funds popular with 401(k) plans
INVESTING EQUITIES OCT 31, 2022
Tech stocks weigh on funds popular with 401(k) plans

Some funds held in many retirement savings plan have large holdings of stocks like Meta, Amazon.com and Apple, which is hurting the funds' performance this year.

Capital Group launches 3 actively managed fixed-income funds
INVESTING MUTUAL FUNDS OCT 28, 2022
Capital Group launches 3 actively managed fixed-income funds

With focuses spanning from municipal bonds to short-duration debt, the ETFs are meant to offer access to high yields while managing risk linked to the Federal Reserve’s aggressive monetary policy.

Credit Suisse stock sinks on restructuring plan
NEWS INDUSTRY NEWS OCT 27, 2022
Credit Suisse stock sinks on restructuring plan

The bank will raise $4 billion to fund a years-long reshaping that includes carving out its investment bank and slashing its head count by 9,000.

Rush to buy I bonds overwhelms Treasury website
INVESTING FIXED INCOME OCT 26, 2022
Rush to buy I bonds overwhelms Treasury website

As investors try to buy the bonds before the rate drops, they're reporting glitches in creating accounts and delays in loading pages on the Treasury website, along with long wait times when calling the helplines.

Dividend ETFs see record $50 billion allocation bonanza so far this year
INVESTING MUTUAL FUNDS OCT 26, 2022
Dividend ETFs see record $50 billion allocation bonanza so far this year

The cash flowing into dividend-focused exchange-traded funds is already running 25% higher than the record haul secured in 2021.

30-year fixed mortgage rises to 7.16%, marking 10th straight increase
NEWS INDUSTRY NEWS OCT 26, 2022
30-year fixed mortgage rises to 7.16%, marking 10th straight increase

MBA’s gauge of applications falls again to lowest since 1997 as higher borrowing costs have stifled demand for homes this year.

The Coterie eyes tech's young and wealthy
NEWS INDUSTRY NEWS OCT 25, 2022
The Coterie eyes tech's young and wealthy

The startup, which has about $500 million in assets under management, gives access to Coatue and other venture funds.

Fed prepares to roll out another super-sized rate hike in early November
NEWS INDUSTRY NEWS OCT 25, 2022
Fed prepares to roll out another super-sized rate hike in early November

Policymakers are beginning to lay the groundwork for shifting to smaller moves while leaving the door open to going further if inflation doesn’t abate.

Bond market doesn't see volatility fading away anytime soon
INVESTING FIXED INCOME OCT 24, 2022
Bond market doesn't see volatility fading away anytime soon

While the high volatility can provide buying opportunities, any effort to call a bottom has been thwarted as yields drifted higher.

UBS intrigue pits CEO against a rising star
YOUR PRACTICE FINTECH OCT 24, 2022
UBS intrigue pits CEO against a rising star

While CEO Ralph Hamers pursues his vision of harnessing automated tools and boosting the firm's standing in the US, wealth business head Iqbal Khan and his disciples are concerned about diluting UBS' private banking brand.