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Cyberattacks on the rise with financial sector a top target, report reveals
INDUSTRY NEWS JUN 25, 2024
Cyberattacks on the rise with financial sector a top target, report reveals

Blackberry cybersecurity solutions team says attacks include novel methods.

Nvidia, Bitcoin just reminded investors of a market fundamental
INDUSTRY NEWS JUN 25, 2024
Nvidia, Bitcoin just reminded investors of a market fundamental

What goes up can go down, whatever the investment.

Credit may be a better bet than Treasuries, says Deutsche
INDUSTRY NEWS JUN 25, 2024
Credit may be a better bet than Treasuries, says Deutsche

Bank's CIO says US spending is likely to increase.

Ozempic's Novo to invest $4.1B in another US factory
INDUSTRY NEWS JUN 25, 2024
Ozempic's Novo to invest $4.1B in another US factory

Drugmaker wants to bring down cost in its biggest market.

New York's congestion costs the city $9B in lost time
INDUSTRY NEWS JUN 25, 2024
New York's congestion costs the city $9B in lost time

Chicago, LA, and Boston also make the global list.

Stock rally loses steam as AI darling Nvidia enters correction territory
INDUSTRY NEWS JUN 24, 2024
Stock rally loses steam as AI darling Nvidia enters correction territory

After a Cinderella run to become the most-expensive S&P 500 stock, the chipmaking colossus plunged nearly $400B.

Fidelis Capital adds UHNW planning cred with veteran hire
RIAS JUN 24, 2024
Fidelis Capital adds UHNW planning cred with veteran hire

Douglas Rothermich joins the firm from TIAA, where he had oversight of all HNW planning, and worked directly with clients holding more than $1B in assets.

Cetera welcomes Northwestern Mutual alum to CCO role
INDUSTRY NEWS JUN 24, 2024
Cetera welcomes Northwestern Mutual alum to CCO role

The organization revealed Gwen Weithaus, who has more than 30 years' experience, as the new compliance chief for its investment services arm.

No reason to abandon bull market yet, says Federated Hermes strategist
INDUSTRY NEWS JUN 24, 2024
No reason to abandon bull market yet, says Federated Hermes strategist

The road ahead might get choppier, but there's no obvious reason to deviate from the path, says Federated Hermes strategist Steven Chiavarone.

Morgan Stanley faces Reg BI lawsuit over interest in cash sweep accounts
BROKER DEALERS JUN 24, 2024
Morgan Stanley faces Reg BI lawsuit over interest in cash sweep accounts

The firm fell short of its fiduciary duty by paying customers dismal rates compared to what’s available in the market, according to class action.

Massachusetts moves to limit REITs' hospital ownership
ALTERNATIVES JUN 24, 2024
Massachusetts moves to limit REITs' hospital ownership

High-profile hospital collapse sparks legislative action to ban REITs as landlords that experts say misses the mark.

SCS Financial taps Lane MacDonald for CIO role
RIAS JUN 24, 2024
SCS Financial taps Lane MacDonald for CIO role

The three-decade veteran will lead the continued growth of the Focus Financial partner firm’s investment platform.

Three forces that will accelerate the drive toward independence
OPINION JUN 24, 2024
Three forces that will accelerate the drive toward independence

Shifts in the broad wealth landscape have tipped the balance in favor of breakaways, argues industry veteran Scott MacKillop.

Schwab Charitable unveils new brand as it reaches quarter century milestone
INDUSTRY NEWS JUN 24, 2024
Schwab Charitable unveils new brand as it reaches quarter century milestone

The new name reflects desire to attract a new generation of donors.

More Americans have zero or inadequate emergency savings
INDUSTRY NEWS JUN 24, 2024
More Americans have zero or inadequate emergency savings

And those that do are not happy with what they have saved.

Couples may talk less about finances as stress levels rise, study reveals
INDUSTRY NEWS JUN 24, 2024
Couples may talk less about finances as stress levels rise, study reveals

Despite being the most in need of open discussion, people may stay silent.

Could high rates last forever? Bond markets think so
INDUSTRY NEWS JUN 24, 2024
Could high rates last forever? Bond markets think so

While the Fed is expected to cut once this year, the future is less certain.

Is a dairy cabinet product about to spark surge for makers?
INDUSTRY NEWS JUN 24, 2024
Is a dairy cabinet product about to spark surge for makers?

Ozempic-led obesity-treatment craze boosting demand for other products.

Crypto cracks emerge as Bitcoin suffers second-worst week of 2024
INDUSTRY NEWS JUN 24, 2024
Crypto cracks emerge as Bitcoin suffers second-worst week of 2024

Fed rates speculation is weakening cryptocurrency market sentiment.

Raymond James adds veteran advisor in Central Florida
BROKER DEALERS JUN 21, 2024
Raymond James adds veteran advisor in Central Florida

With more than 25 years’ experience, the newest addition to the broker-dealer’s employee advisor channel managed north of $250M at Ameriprise.