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Treasuries erase 2024 losses amid rate cut bets
NEWS INDUSTRY NEWS JUL 12, 2024
Treasuries erase 2024 losses amid rate cut bets

Inflation data is driving expectation of Fed action ahead.

Wall Street banking chief welcomed with $41M in stocks
NEWS INDUSTRY NEWS JUL 12, 2024
Wall Street banking chief welcomed with $41M in stocks

Shares will awarded over a five year period.

Gold remains above $2400 after biggest gain since March
NEWS INDUSTRY NEWS JUL 12, 2024
Gold remains above $2400 after biggest gain since March

Wider precious metals market is mixed.

Energy investors looking for a gusher in second half
NEWS INDUSTRY NEWS JUL 11, 2024
Energy investors looking for a gusher in second half

Oil and natural gas stocks have lagged so far in 2024 as technology has led the way. Energy investors expect that to change in the months ahead.

GPB execs goosed records to pump sales, partner claims
NEWS ALTERNATIVES JUL 11, 2024
GPB execs goosed records to pump sales, partner claims

"I wanted it to end," said former senior GPB executive on Thursday.

Ex-Edward Jones trio unveils RIA platform for breakaways
NEWS RIAS JUL 11, 2024
Ex-Edward Jones trio unveils RIA platform for breakaways

The veteran-founded firm officially launches its “Bridge Builder to Independence” model with the arrival of a former $275 million wirehouse advisor.

Broad cooling in inflation bolsters case for Fed rate cuts
NEWS INDUSTRY NEWS JUL 11, 2024
Broad cooling in inflation bolsters case for Fed rate cuts

Core CPI's smallest monthly advance since August 2021, led by cheaper gasoline, adds to evidence of downward inflation trend.

North America drives global net wealth to $477 trillion after 2023 rebound
NEWS INDUSTRY NEWS JUL 11, 2024
North America drives global net wealth to $477 trillion after 2023 rebound

But what does continued opportunity mean for the wealth management industry?

Gen Z concerned about reaching financial goals without parental support
NEWS INDUSTRY NEWS JUL 11, 2024
Gen Z concerned about reaching financial goals without parental support

Most of the generation are getting help from the bank of mom & dad.

Is big tech spending too much on AI? Goldman strategists think so
NEWS INDUSTRY NEWS JUL 11, 2024
Is big tech spending too much on AI? Goldman strategists think so

Megacap firms will eventually have to prove they made the right moves.

Will inflation data endorse bond investors Treasury bet?
NEWS INDUSTRY NEWS JUL 11, 2024
Will inflation data endorse bond investors Treasury bet?

Markets will be looking for deceleration in Thursday's stats.

EM stocks hit two-year high, currencies gain amid rate cut bets
NEWS INDUSTRY NEWS JUL 11, 2024
EM stocks hit two-year high, currencies gain amid rate cut bets

Expectation rising for easing monetary policies.

Robertson Stephens breaks another billion-dollar barrier with RIA partnership
NEWS RIAS JUL 10, 2024
Robertson Stephens breaks another billion-dollar barrier with RIA partnership

The national RIA has officially exceeded $6B in advisory assets while gaining its first foothold in Oregon.

Pensionmark enters a new era with World Investment Advisors rebrand
NEWS RIAS JUL 10, 2024
Pensionmark enters a new era with World Investment Advisors rebrand

After two years of supercharged growth, the RIA aggregator is refreshing its brand to entice more independent wealth practices.

S&P 500 reaches all-time high as big tech rallies over Powell testimony
NEWS INDUSTRY NEWS JUL 10, 2024
S&P 500 reaches all-time high as big tech rallies over Powell testimony

The Federal Reserve chair's remarks to Congress have not dissuaded market hopes of a September rate cut.

Roaring Kitty’s $211M GameStop stake poses a mathematical mystery
NEWS INDUSTRY NEWS JUL 10, 2024
Roaring Kitty’s $211M GameStop stake poses a mathematical mystery

The magnitude of Keith Gill’s recently revealed meme stock positions has investing leaders and experts scratching their heads.

Trade-secrets lawsuit over HSBC's SVB hires gets watered down
NEWS INDUSTRY NEWS JUL 10, 2024
Trade-secrets lawsuit over HSBC's SVB hires gets watered down

California judge dismisses most claims from $1B lawsuit alleging that the bank snapped up employees to mine confidential information.

Advisors witness ‘osmosis effect’ at inaugural InvestmentNews Awards
NEWS INDUSTRY NEWS JUL 10, 2024
Advisors witness ‘osmosis effect’ at inaugural InvestmentNews Awards

Winners revel in being recognized by top-performing peers.

Business owner clients consider succession, but that may not include the family
NEWS INDUSTRY NEWS JUL 10, 2024
Business owner clients consider succession, but that may not include the family

Edward Jones report finds that financial advisors are seeing another route.

Financial industry confidence in stopping transfer scams is worryingly low
NEWS INDUSTRY NEWS JUL 10, 2024
Financial industry confidence in stopping transfer scams is worryingly low

Firms are fighting the scammers, but LexisNexis report shows it's tough.