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Tesla FOMO puts focus on direct indexing
NEWS INDUSTRY NEWS NOV 30, 2020
Tesla FOMO puts focus on direct indexing

The electric car maker is about to join the S&P, but investors in S&P 500 index funds have missed a huge rally in the company’s shares

Gig workers could get stock under SEC proposal
YOUR PRACTICE PRACTICE MANAGEMENT NOV 25, 2020
Gig workers could get stock under SEC proposal

Plan would allow drivers, people who deliver food and other gig workers to receive up to 15% of their compensation in shares

Back-to-normal rally drives Dow above 30,000 for first time
INVESTING EQUITIES NOV 24, 2020
Back-to-normal rally drives Dow above 30,000 for first time

Gains reflect hopes that vaccines and a peaceful presidential transition could give the economy a boost

Janet Yellen at Treasury signals Biden's focus on boosting economy
NEWS REGULATION AND LEGISLATION NOV 24, 2020
Janet Yellen at Treasury signals Biden's focus on boosting economy

As Treasury secretary, the former Federal Reserve chair is expected to support expansionary government spending

60/40 portfolio confounds critics with another big year
NEWS INDUSTRY NEWS NOV 23, 2020
60/40 portfolio confounds critics with another big year

Despite all the doubts, a 60/40 U.S. portfolio is up 13% year-to-date

JPMorgan says rebalancing could mean $300 billion exits stocks
INVESTING EQUITIES NOV 23, 2020
JPMorgan says rebalancing could mean $300 billion exits stocks

The strong equity performance so far this month means large investors like balanced mutual funds may need to shift money into bonds before year-end

Treasury seeks unused pandemic lending funds from Fed
NEWS REGULATION AND LEGISLATION NOV 20, 2020
Treasury seeks unused pandemic lending funds from Fed

The Fed objected to the request, which would shut five of the central bank's emergency lending programs at year-end

Goldman picks its winners in ESG sweepstakes
INVESTING ESG NOV 20, 2020
Goldman picks its winners in ESG sweepstakes

Analysts choose 50 companies in the S&P 500 that should get a boost as money managers increasingly use ESG criteria to pick stocks

Congress blasts IRS for limiting tax breaks for firms with forgiven PPP loans
NEWS REGULATION AND LEGISLATION NOV 20, 2020
Congress blasts IRS for limiting tax breaks for firms with forgiven PPP loans

Sens. Grassley and Wyden criticize new IRS guidance that prohibits businesses from writing off expenses they covered with money from forgiven loans

BlackRock's Fink says investors are shifting to ESG-focused firms
INVESTING ESG NOV 19, 2020
BlackRock's Fink says investors are shifting to ESG-focused firms

CEO says companies that best embrace 'stakeholder capitalism' are outperforming their peers and will continue to do so