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This is now the worst drawdown on record for global fixed income
RETIREMENT RETIREMENT PLANNING MAR 23, 2022
This is now the worst drawdown on record for global fixed income

Rising inflationary pressure around the world is fueling concerns about the ability of the global economy to weather any sustained period of higher financing costs.

Robinhood settles with Vermont for $640,000 over outages
INVESTING ALTERNATIVES MAR 18, 2022
Robinhood settles with Vermont for $640,000 over outages

The Vermont Department of Financial Regulation said at least 40 customers in the state complained.

Robinhood readies feature that lets users lend out stocks
YOUR PRACTICE FINTECH MAR 17, 2022
Robinhood readies feature that lets users lend out stocks

The feature appeared in a beta version of its iPhone app. Code describing the service — dubbed Stock Loan Income Program, or SLIP — was discovered by developer Steve Moser.

JPMorgan to buy share-plan software company
RETIREMENT RETIREMENT PLANNING MAR 16, 2022
JPMorgan to buy share-plan software company

Global Shares, which will be integrated into the bank's asset and wealth management arm, has almost $200 billion in assets under administration and roughly 600 corporate clients.

Fed lifts rates a quarter point in opening bid to curb inflation
NEWS INDUSTRY NEWS MAR 16, 2022
Fed lifts rates a quarter point in opening bid to curb inflation

Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018.

SEC Democratic commissioner Allison Herren Lee plans to leave Wall Street regulator
NEWS REGULATION AND LEGISLATION MAR 15, 2022
SEC Democratic commissioner Allison Herren Lee plans to leave Wall Street regulator

Lee will stay at the watchdog until President Joe Biden names her successor and that person is confirmed by the Senate.

Largest China tech ETF in U.S. wipes out nine years of gains
INVESTING MUTUAL FUNDS MAR 15, 2022
Largest China tech ETF in U.S. wipes out nine years of gains

KraneShares CSI China Internet Fund slumped more than 11% Monday, bringing its decline over the past three days to 28%.

Wells Fargo boosts CEO Scharf's pay 20% for 2021
YOUR PRACTICE PRACTICE MANAGEMENT MAR 15, 2022
Wells Fargo boosts CEO Scharf's pay 20% for 2021

Charlie Scharf earned $24.5 million last year, up from $20.3 million for 2020.

Fed to start rate hikes this week, with license to move aggressively
NEWS INDUSTRY NEWS MAR 14, 2022
Fed to start rate hikes this week, with license to move aggressively

Businesses and households have become increasingly concerned about avoiding 1970-style price shocks that crimp their spending power, which gives Fed Chair Jerome Powell the leeway to take a hawkish approach.

Gundlach’s DoubleLine gets SEC green light to launch its first ETFs
INVESTING MUTUAL FUNDS MAR 11, 2022
Gundlach’s DoubleLine gets SEC green light to launch its first ETFs

The firm's applications related to the DoubleLine Opportunistic Bond ETF and the DoubleLine Shiller CAPE U.S. Equities ETF have been granted 'effective immediately.'