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Wells Fargo to give extra pay to most U.S. workers amid crisis
YOUR PRACTICE PRACTICE MANAGEMENT MAR 24, 2020
Wells Fargo to give extra pay to most U.S. workers amid crisis

The bank will make payments to workers who earn less than $100,000 and were employed by Wells for all of 2019

Senate virus rescue plan stalls
NEWS REGULATION AND LEGISLATION MAR 23, 2020
Senate virus rescue plan stalls

Democrats voted to reject Majority Leader Mitch McConnell's latest version of the measure

Fed signals unlimited QE, adds aid for companies, municipalities
NEWS INDUSTRY NEWS MAR 23, 2020
Fed signals unlimited QE, adds aid for companies, municipalities

The central bank outlined a new wave of efforts to bolster the economy, including more bond buying

IRS delays tax-filing date to July 15
NEWS REGULATION AND LEGISLATION MAR 20, 2020
IRS delays tax-filing date to July 15

After the extension, the deadline for filing now matches the deadline for tax payments announced previously

‘Illiquidity doom loop’ threatens European bond ETFs, analyst says
INVESTING MUTUAL FUNDS MAR 20, 2020
‘Illiquidity doom loop’ threatens European bond ETFs, analyst says

The gap between some funds' price and the value of their assets could lead to problems

Schwab faces 'unpredictable issues' in work-from-home effort
NEWS RIAS MAR 19, 2020
Schwab faces 'unpredictable issues' in work-from-home effort

Company closes all its branches to the public through April 7

NYSE to shut trading floors Monday
INVESTING EQUITIES MAR 18, 2020
NYSE to shut trading floors Monday

The company said that an employee and a trader both tested positive for the coronavirus

Treasury proposes to guarantee money market funds in stimulus
INVESTING MUTUAL FUNDS MAR 18, 2020
Treasury proposes to guarantee money market funds in stimulus

The plan temporarily permits the use of its exchange stabilization fund to guarantee money market funds

JPMorgan sees shorts behind $9 billion influx into S&P ETF
INVESTING EQUITIES MAR 18, 2020
JPMorgan sees shorts behind $9 billion influx into S&P ETF

The inflows into SPY came as the S&P 500 Index plunged amid fears about the economic fallout from the coronavirus

Gundlach says ‘en masse’ defaults likely for some junk issuers
INVESTING FIXED INCOME MAR 18, 2020
Gundlach says ‘en masse’ defaults likely for some junk issuers

The high-yield debt market is pressured by the plunge in oil prices and the pandemic, the fund manager said