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Labor Department moves at 'warp speed' on ESG rule
RETIREMENT RETIREMENT PLANNING OCT 21, 2020
Labor Department moves at 'warp speed' on ESG rule

The proposed rule, which would make it more difficult for retirement plans to invest in ESG, was submitted to the White House last week

New 60/40 portfolio substitutes riskier hedges for U.S. debt
INVESTING FIXED INCOME OCT 20, 2020
New 60/40 portfolio substitutes riskier hedges for U.S. debt

Some managers are exploring other investments, ranging from options to currencies, to provide the protection that traditionally came from Treasuries

Exit of UBS CEO leaves plenty of work for successor
NEWS WIREHOUSES OCT 20, 2020
Exit of UBS CEO leaves plenty of work for successor

Bank reported better-than-expected profits for the third quarter

ESG pioneer Amy Domini on elections, climate and her start
INVESTING ESG OCT 20, 2020
ESG pioneer Amy Domini on elections, climate and her start

Founder of $2.3 billion Domini Impact expects the 'crazy market' will wake up soon

NYSE threatens to move out of New Jersey if trade tax is imposed
NEWS REGULATION AND LEGISLATION OCT 19, 2020
NYSE threatens to move out of New Jersey if trade tax is imposed

A test in which the exchange temporarily moved its production servers out of New Jersey was successful, exec says

Speculators reverse big Nasdaq short
INVESTING EQUITIES OCT 19, 2020
Speculators reverse big Nasdaq short

The buying comes after hedge funds had driven net short bets to the highest level since before the financial crisis

ESG is coming for emerging markets
INVESTING ESG OCT 16, 2020
ESG is coming for emerging markets

A top-performing emerging markets bond fund shuns investments from many countries because of their low ESG ratings

Buffett inches toward Wells Fargo exit
NEWS WIREHOUSES OCT 16, 2020
Buffett inches toward Wells Fargo exit

Since Charlie Scharf became the bank's CEO, Buffett's Berkshire Hathaway has unloaded most of its stake in Wells

Robinhood internal probe finds hackers hit almost 2,000 accounts
YOUR PRACTICE FINTECH OCT 15, 2020
Robinhood internal probe finds hackers hit almost 2,000 accounts

Robinhood, with more than 13 million accounts, is considering whether to add a customer service phone number

Value stocks could shine after the election
INVESTING EQUITIES OCT 15, 2020
Value stocks could shine after the election

Citigroup analyst says the shift could occur no matter who's elected