Industry News

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Macro uncertainty, muted earnings outlook to weigh on stocks, warns Morgan Stanley strategist
NEWS INDUSTRY NEWS AUG 12, 2024
Macro uncertainty, muted earnings outlook to weigh on stocks, warns Morgan Stanley strategist

S&P 500 seen to stay range-bound as seasonal weakness and Fed fears start to creep in.

LPL kicks off biggest-ever conference at Focus 2024
NEWS INDUSTRY NEWS AUG 12, 2024
LPL kicks off biggest-ever conference at Focus 2024

The three-day agenda for the San Diego event includes a brand-new visual identity, 200 breakout sessions, and discussions around AI and cybersecurity.

American borrowers leaning on cards as wait for rate cuts continues
NEWS INDUSTRY NEWS AUG 12, 2024
American borrowers leaning on cards as wait for rate cuts continues

But those with lower credit ratings may find credit harder to get.

Boomerang kids could ease household budgets, assuming they pay their share
NEWS INDUSTRY NEWS AUG 12, 2024
Boomerang kids could ease household budgets, assuming they pay their share

Adult children returning home brings multiple financial challenges.

CPI stats unlikely to derail Fed rate cut in September
NEWS INDUSTRY NEWS AUG 12, 2024
CPI stats unlikely to derail Fed rate cut in September

Small rise in US inflation data expected this week.

Bonds back in favor as a hedge as inverse relationship returns
NEWS INDUSTRY NEWS AUG 12, 2024
Bonds back in favor as a hedge as inverse relationship returns

Fixed income is helping offset dips for equities, at least for now.

Foreign investors in record retreat from China stocks
NEWS INDUSTRY NEWS AUG 12, 2024
Foreign investors in record retreat from China stocks

Concern about world's second largest economy heightened.

Olympic gold medals worth more than ever
NEWS INDUSTRY NEWS AUG 12, 2024
Olympic gold medals worth more than ever

But winning athletes are often gifted more valuable items.

BofA Private Bank taps ex-Citi leader to head Miami growth
NEWS INDUSTRY NEWS AUG 09, 2024
BofA Private Bank taps ex-Citi leader to head Miami growth

The firm’s latest hire will bring 25 years of experience with hedge funds and family offices as part of a strategic push in South Florida.

How to overcome ESG challenges when using offshore trusts
NEWS INDUSTRY NEWS AUG 09, 2024
How to overcome ESG challenges when using offshore trusts

Offshore trusts are often a useful tool for estate planning, but can be less conducive for ESG investing.

Trump presidency could put Fed independence at risk, warns BlackRock strategist
NEWS INDUSTRY NEWS AUG 09, 2024
Trump presidency could put Fed independence at risk, warns BlackRock strategist

Treasury bond yields could climb as markets weigh the potential of a less free-thinking central bank, experts argue.

JPMorgan is joining Wall Street’s AI productivity war
NEWS INDUSTRY NEWS AUG 09, 2024
JPMorgan is joining Wall Street’s AI productivity war

The financial services titan has rolled out an AI assistant to thousands of employees, but it’s still exercising caution, according to one C-suite leader.

Economists expect Fed to ignore jumbo rate cut calls
NEWS INDUSTRY NEWS AUG 09, 2024
Economists expect Fed to ignore jumbo rate cut calls

The recent weak jobs data and market meltdown aren't enough to merit more than a quarter-point move, survey shows.

Two-fifths of advisors want to confer with investment specialists
NEWS INDUSTRY NEWS AUG 09, 2024
Two-fifths of advisors want to confer with investment specialists

Survey suggests asset managers should send out ETF and alternative specialists – but their lack of business savvy poses a challenge.

Don't shy away from whipsawing markets
NEWS INDUSTRY NEWS AUG 09, 2024
Don't shy away from whipsawing markets

Advisor says threat of volatility and economic uncertainty is always there but the key to client success is a long-term approach.

Goldman Sachs taps BlackRock pension alum for asset management unit
NEWS INDUSTRY NEWS AUG 09, 2024
Goldman Sachs taps BlackRock pension alum for asset management unit

The Wall Street giant’s latest hire will draw on his experience with large RIAs as he fosters relationships in key US markets.

Investor bearishness jumps, CEOs confidence also lower
NEWS INDUSTRY NEWS AUG 09, 2024
Investor bearishness jumps, CEOs confidence also lower

New survey shows growing expectation for lower stock market ahead.

Family offices are becoming more professional, but face 10 key challenges
NEWS INDUSTRY NEWS AUG 09, 2024
Family offices are becoming more professional, but face 10 key challenges

New research finds improved governance, management, infrastructure.

BofA's Hartnett says sell-off not yet at 'hard landing' levels
NEWS INDUSTRY NEWS AUG 09, 2024
BofA's Hartnett says sell-off not yet at 'hard landing' levels

Wall Street strategist says technical levels have not been broken.

BlackRock plans ETFs for big tech bulls and bears
NEWS INDUSTRY NEWS AUG 09, 2024
BlackRock plans ETFs for big tech bulls and bears

Funds offer exposure to large or small technology firms.