Industry News

Displaying 34208 results
Investors ambivalent as Apple plans to make AI a core feature
NEWS INDUSTRY NEWS JUN 11, 2024
Investors ambivalent as Apple plans to make AI a core feature

Shares slipped following the post-market-close announcement.

Bond traders await Fed signals for new roadmap
NEWS INDUSTRY NEWS JUN 11, 2024
Bond traders await Fed signals for new roadmap

Wednesday's rates decision will help shape the playbook through 2025.

Citi sees record highs for European stocks…just not yet
NEWS INDUSTRY NEWS JUN 11, 2024
Citi sees record highs for European stocks…just not yet

Wall Street strategists believe a new high will be reached mid-2025.

Bitcoin investors face volatile 36 hours
NEWS INDUSTRY NEWS JUN 11, 2024
Bitcoin investors face volatile 36 hours

Fed announcement, US inflation data set to make an impact.

More DIY investors want an advisor in their corner
NEWS INDUSTRY NEWS JUN 10, 2024
More DIY investors want an advisor in their corner

Cerulli research finds two-fifths of self-directed investors are willing to pay for human advice, opening opportunities for providers.

Who are the highest-paid S&P 500 CEOs of 2023?
NEWS INDUSTRY NEWS JUN 10, 2024
Who are the highest-paid S&P 500 CEOs of 2023?

Median total compensation up by 12.6% for CEOs – compared to 5.2% for employees.

Principal client wins $7 million claim involving annuities
NEWS BROKER DEALERS JUN 10, 2024
Principal client wins $7 million claim involving annuities

'The evidence further reflected a pattern of churning,' one executive said about the case.

Focus eyes fiduciary advice leadership with key C-suite hires
NEWS RIAS JUN 10, 2024
Focus eyes fiduciary advice leadership with key C-suite hires

The RIA aggregator is prioritizing strategic growth and operational efficiency with critical appointments, including veterans from Morgan Stanley and Goldman Sachs.

Young tech professionals propel advisor's book
NEWS INDUSTRY NEWS JUN 10, 2024
Young tech professionals propel advisor's book

InvestmentNews Awards 2024, Advisor of the Year (Western region): Rick Blanke, Blanke Schein Wealth Management (Hightower).

Don’t lose touch of staying client focused, says Mercer CEO
NEWS INDUSTRY NEWS JUN 10, 2024
Don’t lose touch of staying client focused, says Mercer CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Dave Welling, Mercer Advisors.

Homeowners with a mortgage gained average $28K over 12 months
NEWS INDUSTRY NEWS JUN 10, 2024
Homeowners with a mortgage gained average $28K over 12 months

Home equity closed in on a record high in the first quarter of 2024.

S&P 500 could drop 8% without Fed cut, say RBC strategists
NEWS INDUSTRY NEWS JUN 10, 2024
S&P 500 could drop 8% without Fed cut, say RBC strategists

Outlook also considers sticky inflation, Treasuries below 5%.

Wednesday's data could bring double blow, but traders are ready
NEWS INDUSTRY NEWS JUN 10, 2024
Wednesday's data could bring double blow, but traders are ready

CPI, Fed decision could spark volatility.

Asset managers called it wrong on dollar: CFTC data
NEWS INDUSTRY NEWS JUN 10, 2024
Asset managers called it wrong on dollar: CFTC data

Bearish bets came at the wrong time according to the stats.

Are carbon offsets about to have their day at last?
NEWS INDUSTRY NEWS JUN 10, 2024
Are carbon offsets about to have their day at last?

Backers have recently secured some big wins.

Wealth unit sale an option for Citi, suggests BofA report
NEWS INDUSTRY NEWS JUN 07, 2024
Wealth unit sale an option for Citi, suggests BofA report

Analysts at Bank of America would “not be surprised” if Citigroup were to explore “strategic alternatives” as part of its turnaround effort.

RIA caught up in WhatsApp impostor scheme warns against “rogue elements”
NEWS INDUSTRY NEWS JUN 07, 2024
RIA caught up in WhatsApp impostor scheme warns against “rogue elements”

The firm is distancing itself from “sham communications” claiming opportunities for “VIP members” with “cooperation commissions.”

Land of the rising returns. More advisors discovering Japanese stocks
NEWS INDUSTRY NEWS JUN 07, 2024
Land of the rising returns. More advisors discovering Japanese stocks

Japanese stocks are on a tear thanks to the country's depreciating currency, causing American advisors to look across the Pacific for profits.

GPB top executives’ criminal trial to start Monday
NEWS ALTERNATIVES JUN 07, 2024
GPB top executives’ criminal trial to start Monday

'The GPB case is bewildering,' says one senior brokerage executive.

Strong jobs data push JPMorgan, Citi to scrap July rate-cut bets
NEWS INDUSTRY NEWS JUN 07, 2024
Strong jobs data push JPMorgan, Citi to scrap July rate-cut bets

Economists at the banking giants changed their tune following the surprising May employment data.