Inflation peaked at 9.1% in June 2022 and registered 3.1% in January 2024. Those warning of recession believed interest-rate increases by the Federal Reserve would not just shrink inflation. Goldman Sachs CEO David Solomon is uncertain about the economy's trajectory.
More Stories
NAIC issues policies, but not regulation, on ESG investments
NAIC issues ESG insurance sector policies, an expanding metric to grade insurersā underwriting, investing, or other business decisions.
Bernie Sanders leads Senate debate on retirement crisis, policy
A Senate committee agreed Wednesday that retirement security is a major crisis facing Americans, but disagreed on virtually every detail about the causes and potential solutions.
(Whatās so funny ābout) embracing the future with women, wealth and understanding?
A significant trend is emerging: the increasing financial influence women are having in the market.
James Comer, R- Ky., sent a letter this week to Board of Governors of the Federal Reserve System General Counsel Mark Van Der Weide raising the question: Does this bias and collusion among investors violate federal law? ā¦the Committee is examining whether certain asset managers are in breach of agreements with the Federal Reserve System and how the broader asset…
The Federal Reserve has signaled it may start cutting interest rates later this year, but perhaps it should just leave them aloneā indefinitely. Demand has been weak in Europe as those economies adjust to the transition to electric vehicles and green energy and wean themselves from Russian natural gas. China is reeling from a property-debt bubble, weakening…
Financial services careers: More than math and sales
A career in financial services is more than math and numbers and sales, a panel said at a recent symposium.
Understanding available employee benefits helps advisors fill gaps, study says
Nearly 70% of workers surveyed will have at least one employer-provided insurance policy in 2024 other than health insurance, a study found.
Medicare premiums are based on your taxable income from two years prior and increase when you move from a lower income bracket to a higher one.Fortunately, there are several tax breaks that can help older Americans reduce their taxable income and the amount they fork over to Uncle Sam every year.ā Congress and the states have made the decision to make these tax…
March 2024 is making investors nervous. The red letter day is March 11, when US central bank the Federal Reserve will end the bank term funding program, a year after it began in response to the failures of regional banks Signature, Silvergate and Silicon Valley. There soon followed the failures of Signature and also Swiss bank Credit Suisse, which had to be taken…
Financial services careers can take many paths
With more than 6.5 million Americans working in financial services and wealth management, there are many paths to a career in the field beyond being an advisor or a wealth manager.
Generational wealth: It requires discipline and focus
Generational wealth is āwhen youāre OK, you can do something for someone else,ā Gerald Grant II said.
Study: Investors of color entering market more quickly than whites
Investors of color are entering the market at a faster pace than white investors, according to a recent FINRA study.
In AI āWild West,’ firms urged to adopt in-house policies
In the absence of regulation on generative AI, businesses and independent professionals should create ethical use policies, one expert says.
Women assuming more financial power, responsibility, study finds
Women are assuming more financial responsibility, with 49% considering themselves to be the CFOs of their household.
The office of the U.S. Attorney for the Eastern District of Virginia issued the following news release:. A foreign national formerly of Henrico was sentenced today to two years in prison after engaging in a $3.1 million insider trading scheme. Huang personally made over $1.4 million in profits, while the overall conspiracy made more than $3.1 million.
Now, even as the risk of additional bank failures looms, this legislation languishes before the full Senate. Congress has apparently forgotten the disruptions caused by last year's failures and the tens of billions of losses for the FDIC. The executives failed to effectively hedge that risk, while also relying heavily on unstable, uninsured deposits which…
A barred investment broker from Glen Cove pleaded guilty to grand larceny and other fraud charges on Feb. 9th after defrauding investors with a half-million dollar stock scheme, deceiving them to believe they were purchasing pre-IPO stock for well-known companies, according to the Nassau County District Attorney's Office. Peter Quartararo, 57, pleaded…
Truist Financial Corp. is selling its stake in Truist Insurance Holdings, a subsidiary of Truist and the fifth largest insurance brokerage in the U.S., for $15.5 billion, the Charlotte-based bank said Tuesday. The saleā expected to close in the second quarter of this yearā is to an investor group led by private equity firms Stone Point Capital and Clayton, Dubilier&…
A financial services career is more than planning
Financial services needs talent in several areas – not just in planning, a pair of Schwab leaders said.
