Industry News

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Despite the cost of living, Americans remain on top of their mortgages
NEWS INDUSTRY NEWS APR 29, 2024
Despite the cost of living, Americans remain on top of their mortgages

Stats reveal that all stages of delinquency are around historic lows.

Treasury options traders keep Fed hike on table
NEWS INDUSTRY NEWS APR 29, 2024
Treasury options traders keep Fed hike on table

But they are also positioning for the potential for multiple rate cuts.

Deutsche buybacks at risk amid $1.4B legal action fund
NEWS INDUSTRY NEWS APR 29, 2024
Deutsche buybacks at risk amid $1.4B legal action fund

The banking group is being challenged over a takeover in 2010.

New bid for song catalog fund puts Blackstone at #1
NEWS INDUSTRY NEWS APR 29, 2024
New bid for song catalog fund puts Blackstone at #1

Board prefers the latest offer rather than Concord bid.

FX traders wonder when Tokyo will support the yen
NEWS INDUSTRY NEWS APR 29, 2024
FX traders wonder when Tokyo will support the yen

Currency continues to fall but investors hope for assisted rebound.

Blackstone makes more real estate moves
NEWS ALTERNATIVES APR 26, 2024
Blackstone makes more real estate moves

"Interest rates aren’t going down anytime soon," said James Corl of Cohen & Steers.

Huntington names new head of wealth business
NEWS INDUSTRY NEWS APR 26, 2024
Huntington names new head of wealth business

Eyeing growth in the wealth sector, the financial services company is elevating Melissa Holding to the role as a tenured leader steps down.

Will the surge in Treasury yields slay the bulls (again)?
NEWS INDUSTRY NEWS APR 26, 2024
Will the surge in Treasury yields slay the bulls (again)?

So far in 2024 the rise in the 10-year Treasury yield has not significantly impinged on the market’s bullish behavior.

Stocks rise following hot March inflation
NEWS INDUSTRY NEWS APR 26, 2024
Stocks rise following hot March inflation

The S&P 500 is poised to extend gains on tech earnings while short-term Treasury yields fell following brisk rise in Fed’s preferred inflation gauge.

Credent Wealth Management attracts two new partner-advisors
NEWS INDUSTRY NEWS APR 26, 2024
Credent Wealth Management attracts two new partner-advisors

Indiana-based $2.5B RIA has added 12 firms since it was founded in 2018.

Women may gain from wealth transfer, but it won't solve the big issues
NEWS INDUSTRY NEWS APR 26, 2024
Women may gain from wealth transfer, but it won't solve the big issues

Penny Finance report highlights ongoing challenges in gender wealth gap.

Tech rally fuels equities rally, commodities gain
NEWS INDUSTRY NEWS APR 26, 2024
Tech rally fuels equities rally, commodities gain

But there are headwinds including US data, Japan intervention.

Treasuries rise ahead of US inflation data
NEWS INDUSTRY NEWS APR 26, 2024
Treasuries rise ahead of US inflation data

Early trade Friday paused a selloff in global bonds.

Bad day for Bitcoin, net $218M withdrawn from ETFs
NEWS INDUSTRY NEWS APR 26, 2024
Bad day for Bitcoin, net $218M withdrawn from ETFs

Hong Kong will become latest market to launch crypto ETFs.

UBS share buybacks may be at risk from regulators
NEWS INDUSTRY NEWS APR 26, 2024
UBS share buybacks may be at risk from regulators

The banking group may need an extra $20B buffer under new rules.

‘Make sure clients know what they own and why’
NEWS INDUSTRY NEWS APR 25, 2024
‘Make sure clients know what they own and why’

Industry executives discuss being highly selective in private credit and the rise of hybrid ETFs.

Fed will cut once before presidential election, says Howard Lutnick
NEWS INDUSTRY NEWS APR 25, 2024
Fed will cut once before presidential election, says Howard Lutnick

Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.

Raymond James' CEO shrugs off DOL rule
NEWS BROKER DEALERS APR 25, 2024
Raymond James' CEO shrugs off DOL rule

"It doesn't look too problematic at all," Paul Reilly said.

Tech stocks tumble after Meta misses on earnings
NEWS INDUSTRY NEWS APR 25, 2024
Tech stocks tumble after Meta misses on earnings

The Nasdaq 100 shed $400B, the Facebook parent slumped by as much as 16%, and AI believers are left on tenterhooks.

Cetera names new head of corporate development
NEWS RIAS APR 25, 2024
Cetera names new head of corporate development

With a successful record at Avantax, Wall Street veteran Michael Molnar is set to lead the RIA's M&A and advisor succession planning strategy.