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Gundlach sees stocks falling past the lows reached in March
INVESTING EQUITIES MAR 31, 2020
Gundlach sees stocks falling past the lows reached in March

The bond manager predicts unemployment will rise to 10% and said the current economy resembles a 'depression'

New ETF offerings dried up amid March volatility
INVESTING MUTUAL FUNDS MAR 31, 2020
New ETF offerings dried up amid March volatility

But April may be livelier, with American Century announcing that the first active nontransparent ETFs will begin trading Thursday

Robo-advisers gain new, younger clients amid market turmoil
YOUR PRACTICE FINTECH MAR 31, 2020
Robo-advisers gain new, younger clients amid market turmoil

TD Ameritrade, Wealthfront and Betterment have seen the number of account openings soar since stocks declined

Jefferies exec dies from coronavirus complications
YOUR PRACTICE PRACTICE MANAGEMENT MAR 30, 2020
Jefferies exec dies from coronavirus complications

Peregrine Broadbent had been CFO at the New York-based investment bank since 2007

Morgan Stanley wins U.S. antitrust approval for ETrade deal
NEWS INDUSTRY NEWS MAR 27, 2020
Morgan Stanley wins U.S. antitrust approval for ETrade deal

The Justice Department signed off on the takeover without requiring any changes, said a person familiar with the matter

Robinhood accused of offering customers credits to squelch suits
YOUR PRACTICE FINTECH MAR 27, 2020
Robinhood accused of offering customers credits to squelch suits

Attorneys for users suing the company asked a judge to order Robinhood to stop sending 'misleading communications'

Wells Fargo suspends job cuts
YOUR PRACTICE PRACTICE MANAGEMENT MAR 27, 2020
Wells Fargo suspends job cuts

It joins Citigroup and Morgan Stanley, as well as some European banks, in pledging to preserve jobs amid the pandemic

Morgan Stanley CEO vows no layoffs in 2020
YOUR PRACTICE PRACTICE MANAGEMENT MAR 26, 2020
Morgan Stanley CEO vows no layoffs in 2020

The bank's shares are off 30% so far this year amid concerns about loan losses and the impact of low rates on margins

House under pressure to act on Senate’s $2 trillion stimulus package
NEWS REGULATION AND LEGISLATION MAR 26, 2020
House under pressure to act on Senate’s $2 trillion stimulus package

The House is scheduled to vote Friday; President Trump has said he would sign the legislation immediately

White House, senators strike deal on $2 trillion stimulus package
NEWS REGULATION AND LEGISLATION MAR 25, 2020
White House, senators strike deal on $2 trillion stimulus package

The measure includes $500 billion to back loans and assistance to companies and more than $360 billion to aid small businesses