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Invesco debuts four nontransparent ETFs
INVESTING MUTUAL FUNDS DEC 22, 2020
Invesco debuts four nontransparent ETFs

The funds don't report their holdings daily, in an attempt to shield their strategies from front-running or replication by rivals

Wells Fargo to sell student loan book to Apollo, Blackstone
NEWS WIREHOUSES DEC 22, 2020
Wells Fargo to sell student loan book to Apollo, Blackstone

The sale is part of CEO Charlie Scharf's effort to focus the bank on key businesses

Congress reaches deal on $900 billion pandemic relief plan
NEWS INDUSTRY NEWS DEC 21, 2020
Congress reaches deal on $900 billion pandemic relief plan

The plan would provide direct payments of $600 to most Americans and $300-per-week in enhanced unemployment benefits through March, according to lawmakers and aides

Yellen pressed to back strong dollar in reverse of Trump-era tone
NEWS INDUSTRY NEWS DEC 21, 2020
Yellen pressed to back strong dollar in reverse of Trump-era tone

The greenback’s tumble this year — it’s heading for the second-biggest drop in the past decade — has already stoked foreign policy makers’ concerns

Europe continues to outshine US in ESG investing
INVESTING ESG DEC 21, 2020
Europe continues to outshine US in ESG investing

Sustainable debt markets in U.S. fell 5%, while European ESG debt issuances soared

Carbon offsets not helping climate if they aren't sparking change
INVESTING ESG DEC 18, 2020
Carbon offsets not helping climate if they aren't sparking change

Rethinking the value of programs that pay landowners to plant trees, sometimes even if they did it a decade ago

Citadel trading chief says Tesla poses risk to other S&P 500 stocks
NEWS INDUSTRY NEWS DEC 18, 2020
Citadel trading chief says Tesla poses risk to other S&P 500 stocks

As funds that track the benchmark add the carmaker’s shares, they will dump an equal amount of stock in existing members, producing intense selling pressure

BlackRock sees 'advantageous' trade in dividend stocks next year
NEWS INDUSTRY NEWS DEC 18, 2020
BlackRock sees 'advantageous' trade in dividend stocks next year

Dividend payers are back in favor and may continue to beat bonds in a world of historically low rates

Robinhood to pay $65 million to end SEC probe into stock orders
NEWS REGULATION AND LEGISLATION DEC 17, 2020
Robinhood to pay $65 million to end SEC probe into stock orders

Online broker allegedly failed to properly inform clients that it sold their stock orders to high-frequency traders and other financial firms

Bitcoin breaks above $23,000 as Wall Street firms pile in
NEWS INDUSTRY NEWS DEC 17, 2020
Bitcoin breaks above $23,000 as Wall Street firms pile in

As the cryptocurrency's momentum buildings, analysts predict more gains ahead