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Gold ETFs attract record amounts of cash
INVESTING ALTERNATIVES MAY 12, 2020
Gold ETFs attract record amounts of cash

Stocks have bounced back, but investors keep pouring money into gold exchange-traded funds

BlackRock says PNC to sell stake, plans $1.1 billion buyback
NEWS INDUSTRY NEWS MAY 11, 2020
BlackRock says PNC to sell stake, plans $1.1 billion buyback

PNC acquired the world's largest asset manager for $240 million in 1995

New rules on bailout loans confuse borrowers
NEWS REGULATION AND LEGISLATION MAY 11, 2020
New rules on bailout loans confuse borrowers

Some smaller companies have joined the rush to return PPP loans in response to the Trump administration's rules and guidance

Wall Street tries to figure out which ETFs the Fed will buy
INVESTING MUTUAL FUNDS MAY 08, 2020
Wall Street tries to figure out which ETFs the Fed will buy

The central bank is expected to target the giant fixed-income ETFs; it may also invest in funds with defined maturity dates

ETF universe is contracting for the first time
INVESTING MUTUAL FUNDS MAY 08, 2020
ETF universe is contracting for the first time

The attrition is occurring in niche offerings that are suffering amid investors' flight to safety

Money funds holding record assets fret as yields head lower
INVESTING MUTUAL FUNDS MAY 08, 2020
Money funds holding record assets fret as yields head lower

The funds face the challenge of declining rates as their assets hit $4.77 trillion amid the flight to safety

Schwab to begin offering fractional shares in June
INVESTING EQUITIES MAY 07, 2020
Schwab to begin offering fractional shares in June

The program aims to attract younger investors, with the minimum investment set at $5

BlackRock's Fink sees mass bankruptcies, higher taxes
RETIREMENT TAX MAY 07, 2020
BlackRock's Fink sees mass bankruptcies, higher taxes

The CEO sees taxes rising for individuals and companies, and predicted the corporate rate will be raised from the current 21% up to 28% or 29%

Investors should head for credit rather than cash: UBS Wealth
INVESTING EQUITIES MAY 06, 2020
Investors should head for credit rather than cash: UBS Wealth

The firm suggests buying U.S. and emerging market debt and averaging into select stock sectors

Big US stock traders get SEC OK to start own exchange
INVESTING EQUITIES MAY 05, 2020
Big US stock traders get SEC OK to start own exchange

Heavyweights backing Members Exchange, which include Morgan Stanley, hope the venture will reduce the cost of market data